Diamondback Energy (FANG) Revenue — Quarter Ended Dec 31, 2024
Revenue for the reported quarter increased compared with both the immediately preceding quarter and the same quarter one year earlier. The upward trend continued from the prior periods.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the reported quarter increased compared with both the immediately preceding quarter and the same quarter one year earlier. The upward trend continued from the prior periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
+40.3%
Change from the immediately preceding quarter.
Year-over-year
+66.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.1B
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 |
|---|---|---|
| Mar 31, 2024 | $2.2B | +15.7% |
| Jun 30, 2024 | $2.5B | +29.4% |
| Sep 30, 2024 | $2.6B | +13.0% |
| Dec 31, 2024 | $3.7B | +66.6% |
Revenue performance
The reported quarter's revenue was higher than in the preceding quarter. The year-over-year comparison also showed an increase.
Quarterly comparison
The year-over-year increase was larger than the sequential increase, indicating stronger relative performance. The sequential growth rate was also notable.
What to watch
The filing context highlighted the company's liquidity position, pending acquisition, and capital budget for the upcoming year, as well as upcoming debt maturities.