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Diamondback Energy Inc

$129.8

Earnings Summary

Revenue
$2768Mn
Net Profits
$1416Mn
Net Profit Margins
51.16%
PE Ratio
6.07

Highlights

Revenue:

Diamondback Energy Inc’s revenue jumped 64.66% since last year same period to $2768Mn in the Q2 2022. On a quarterly growth basis, Diamondback Energy Inc has generated 14.95% jump in its revenue since last 3-months.

Net Profits:

Diamondback Energy Inc’s net profit jumped 355.31% since last year same period to $1416Mn in the Q2 2022. On a quarterly growth basis, Diamondback Energy Inc has generated 81.77% jump in its net profits since last 3-months.

Net Profit Margins:

Diamondback Energy Inc’s net profit margin jumped 176.51% since last year same period to 51.16% in the Q2 2022. On a quarterly growth basis, Diamondback Energy Inc has generated 58.13% jump in its net profit margins since last 3-months.

PE Ratio:

Diamondback Energy Inc’s price-to-earnings ratio after this Q2 2022 earnings stands at 6.07.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Diamondback Energy Inc post its latest quarter earnings

EPS Estimate Current Quarter
7.1
EPS Estimate Current Year
7.1

Highlights

EPS Estimate Current Quarter:

Diamondback Energy Inc’s earning per share (EPS) estimates for the current quarter stand at 7.1 - a 7.9% jump from last quarter’s estimates.

EPS Estimate Current Year:

Diamondback Energy Inc’s earning per share (EPS) estimates for the current year stand at 7.1.

Key Ratios

Key ratios of the Diamondback Energy Inc post its Q2 2022 earnings

Earning Per Share (EPS)
7.07
Return on Assets (ROA)
0.14
Return on Equity (ROE)
0.3
Dividend Per Share (DPS)
7.2

Highlights

Earning Per Share (EPS):

Diamondback Energy Inc’s earning per share (EPS) jumped 194.58% since last year same period to 7.07 in the Q2 2022. This indicates that the Diamondback Energy Inc has generated 194.58% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

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 0.14.

Earning Per Share (EPS):

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 0.3.

Dividend Per Share (DPS):

Diamondback Energy Inc declared 7.2 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-05
4.52
5.2
15.04%
2022-06-30
6.58
7.07
7.45%

Company Information

Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas.

Organisation
Diamondback Energy Inc
Headquarters
Midland, Texas, US
Employees
732
Industry
Energy Minerals
CEO
Travis Stice