Diamondback Energy Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 7, 2024
FANG$178.08-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| Diamondback Energy, Inc. and Subsidiaries | ||
|---|---|---|
| Condensed Consolidated Balance Sheets | ||
| (Unaudited) | ||
| September 30, | December 31, | |
| 2024 | 2023 | |
| (In millions, except par values and share data) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents ($169 million and $26 million related to Viper) | $370 | $582 |
| Restricted cash | 3 | 3 |
| Accounts receivable: | ||
| Joint interest and other, net | 233 | 192 |
| Oil and natural gas sales, net ($109 million and $109 million related to Viper) | 1,197 | 654 |
| Inventories | 126 | 63 |
| Derivative instruments | 42 | 17 |
| Prepaid expenses and other current assets | 51 | 110 |
| Total current assets | 2,022 | 1,621 |
| Property and equipment: | ||
| Oil and natural gas properties, full cost method of accounting ($21,971 million and $8,659 million excluded from amortization at September 30, 2024 and December 31, 2023, respectively) ($4,771 million and $4,629 million related to Viper and $1,623 million and $1,769 million excluded from amortization related to Viper) | 79,718 | 42,430 |
| Other property, equipment and land | 1,417 | 673 |
| Accumulated depletion, depreciation, amortization and impairment ($1,016 million and $866 million related to Viper) | (18,082) | (16,429) |
| Property and equipment, net | 63,053 | 26,674 |
| Funds held in escrow | 43 | — |
| Equity method investments | 377 | 529 |
| Derivative instruments | 38 | 1 |
| Deferred income taxes, net | 62 | 45 |
| Investment in real estate, net | 81 | 84 |
| Other assets | 71 | 47 |
| Total assets | $65,747 | $29,001 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable - trade | $198 | $261 |
| Accrued capital expenditures | 641 | 493 |
| Current maturities of debt | 1,000 | — |
| Other accrued liabilities | 857 | 475 |
| Revenues and royalties payable | 1,444 | 764 |
| Derivative instruments | 34 | 86 |
| Income taxes payable | 289 | 29 |
| Total current liabilities | 4,463 | 2,108 |
| Long-term debt ($822 million and $1,083 million related to Viper) | 11,923 | 6,641 |
| Derivative instruments | 79 | 122 |
| Asset retirement obligations | 493 | 239 |
| Deferred income taxes | 9,952 | 2,449 |
| Other long-term liabilities | 18 | 12 |
| Total liabilities | 26,928 | 11,571 |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 800,000,000 shares authorized; 292,742,664 and 178,723,871 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 3 | 2 |
| Additional paid-in capital | 34,007 | 14,142 |
| Retained earnings (accumulated deficit) | 3,427 | 2,489 |
| Accumulated other comprehensive income (loss) | (8) | (8) |
| Total Diamondback Energy, Inc. stockholders’ equity | 37,429 | 16,625 |
| Non-controlling interest | 1,390 | 805 |
| Total equity | 38,819 | 17,430 |
| Total liabilities and stockholders' equity | $65,747 | $29,001 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.