Diamondback Energy (FANG) Revenue — Quarter Ended Sep 30, 2024
The company reported higher revenue for the quarter. The increase was observed both from the immediately preceding quarter and from the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
The company reported higher revenue for the quarter. The increase was observed both from the immediately preceding quarter and from the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6B
Revenue reported for this quarter.
Quarter-over-quarter
+6.5%
Change from the immediately preceding quarter.
Year-over-year
+13.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.6B
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 |
|---|---|---|
| Dec 31, 2023 | $2.2B | +9.8% |
| Mar 31, 2024 | $2.2B | +15.7% |
| Jun 30, 2024 | $2.5B | +29.4% |
| Sep 30, 2024 | $2.6B | +13.0% |
Revenue performance
Revenue grew sequentially and also on a year-over-year basis, reflecting continued improvement in the top line.
Quarterly comparison
Compared with the prior quarter, revenue was higher. Compared with the same quarter a year ago, revenue also showed an increase.
What to watch
The company has approximately one billion dollars in loans maturing within the next twelve months.