Earnings Summary

Diamondback Energy, Inc.’s revenue fell -30.67% since last year same period to $1919Mn in the Q2 2023. On a quarterly growth basis, Diamondback Energy, Inc. has generated -0.31% fall in its revenue since last 3-months.

Diamondback Energy, Inc.’s net profit fell -60.73% since last year same period to $556Mn in the Q2 2023. On a quarterly growth basis, Diamondback Energy, Inc. has generated -21.91% fall in its net profits since last 3-months.

Diamondback Energy, Inc.’s net profit margin fell -43.36% since last year same period to 28.97% in the Q2 2023. On a quarterly growth basis, Diamondback Energy, Inc. has generated -21.67% fall in its net profit margins since last 3-months.

Diamondback Energy, Inc.’s earning per share (EPS) estimates for the current quarter stand at 6.02 - a -4.9% fall from last quarter’s estimates.

Diamondback Energy, Inc.’s earning per share (EPS) estimates for the current year stand at 6.02.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Diamondback Energy, Inc.’s return on assets (ROA) stands at 0.12.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Diamondback Energy, Inc.’s return on equity (ROE) stands at 0.24.

Diamondback Energy, Inc. declared 2.95 dividend per share during the earnings announcement for Q1 2023.