Diamondback Energy (FANG) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter was essentially flat compared to the prior quarter, while it increased relative to the same quarter a year ago. The company's trailing twelve-month revenue reflects the cumulative performance over the last four quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter was essentially flat compared to the prior quarter, while it increased relative to the same quarter a year ago. The company's trailing twelve-month revenue reflects the cumulative performance over the last four quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
-0.0%
Change from the immediately preceding quarter.
Year-over-year
+15.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $1.9B | -30.3% |
| Sep 30, 2023 | $2.3B | -4.0% |
| Dec 31, 2023 | $2.2B | +9.8% |
| Mar 31, 2024 | $2.2B | +15.7% |
Revenue performance
The reported revenue remained stable sequentially, indicating no change from the preceding period.
Quarterly comparison
Versus the immediately preceding quarter, revenue was unchanged. Compared to the same quarter one year earlier, revenue was higher.
What to watch
The filing includes discussion of liquidity and capital resources, including the pending Endeavor Acquisition.