Diamondback Energy Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
FANG$178.08-0.1%Stored close · as of Nov 10, 2026
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3. Revenue from Contracts with Customers
- REVENUE FROM CONTRACTS WITH CUSTOMERS
Revenue from Contracts with Customers
The following tables present the Company’s revenue from contracts with customers:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (In millions) | ||||
| Oil sales | $1,998 | $1,708 | $3,865 | $3,362 |
| Natural gas sales | 5 | 48 | 55 | 117 |
| Natural gas liquid sales | 171 | 140 | 355 | 319 |
| Total oil, natural gas and natural gas liquid revenues | 2,174 | 1,896 | 4,275 | 3,798 |
| Sales of purchased oil | 300 | — | 416 | — |
| Midstream and marketing services | 7 | 22 | 15 | 43 |
| Total revenue from contracts with customers | $2,481 | $1,918 | $4,706 | $3,841 |
The following tables present the Company’s revenue from oil, natural gas, and natural gas liquids disaggregated by basin:
| Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | |||||||
|---|---|---|---|---|---|---|---|---|
| Midland Basin | Delaware Basin | Other | Total | Midland Basin | Delaware Basin | Other | Total | |
| (In millions) | ||||||||
| Oil sales | $1,659 | $338 | $1 | $1,998 | $1,322 | $384 | $2 | $1,708 |
| Natural gas sales | 2 | 3 | — | 5 | 31 | 17 | — | 48 |
| Natural gas liquid sales | 128 | 42 | 1 | 171 | 93 | 47 | — | 140 |
| Total | $1,789 | $383 | $2 | $2,174 | $1,446 | $448 | $2 | $1,896 |
| Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | |||||||
| Midland Basin | Delaware Basin | Other | Total | Midland Basin | Delaware Basin | Other | Total | |
| (In millions) | ||||||||
| Oil sales | $3,162 | $698 | $5 | $3,865 | $2,617 | $742 | $3 | $3,362 |
| Natural gas sales | 36 | 18 | 1 | 55 | 79 | 38 | — | 117 |
| Natural gas liquid sales | 265 | 89 | 1 | 355 | 225 | 94 | — | 319 |
| Total | $3,463 | $805 | $7 | $4,275 | $2,921 | $874 | $3 | $3,798 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.