Upcoming Earnings Overview The upcoming earnings report for FANG is set for Sunday, May 3rd, with a consensus estimate EPS of 3.6.
Live Analysis Diamondback Energy, Inc. (FANG) is currently priced at $199.57, showing a price increase of $3.15 (1.6%) from the previous close. The trading volume stands at $918,011, 28.37% higher than the average.
Earnings Overview FANG's latest quarterly earnings were reported on Sunday, February 22nd, with a consensus estimate EPS of 1.88.
Dividends FANG offers a forward dividend yield of 2.1% and a dividend per share of $1.05. The trailing twelve months dividend per share is $4.05.
Grades Raymond James upgraded FANG to a "Strong Buy" rating from the previous "Strong Buy," suggesting a hold action.
Cash Flow FANG's operating cash flow is reported at $2.34 billion, with a net change in cash of -$446 million. Debt repayment amounts to $627 million.
Income Statement FANG's revenue is $3.38 billion, with a gross profit of $820 million. Notably, the company reported a net loss of $1.46 billion, resulting in a negative EPS of -$5.11.
Ratios Key ratios include a net profit margin of -43.19%, return on equity of -3.94, and a price-to-sales ratio of 12.71.
Balance Sheet FANG shows total assets of $71 billion and total liabilities of $28 billion, with net debt standing at $14.38 billion.
This comprehensive analysis provides insights into FANG's financial performance and outlook.
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.