Diamondback Energy Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (In millions, except par value and share amounts) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents ($27 million and $26 million related to Viper) | $161 | $582 |
| Restricted cash | 3 | 3 |
| Accounts receivable: | ||
| Joint interest and other, net | 198 | 192 |
| Oil and natural gas sales, net ($149 million and $109 million related to Viper) | 1,387 | 654 |
| Inventories | 116 | 63 |
| Derivative instruments | 168 | 17 |
| Prepaid expenses and other current assets | 77 | 110 |
| Total current assets | 2,110 | 1,621 |
| Property and equipment: | ||
| Oil and natural gas properties, full cost method of accounting ($22,666 million and $8,659 million excluded from amortization at December 31, 2024 and December 31, 2023, respectively) ($5,713 million and $4,629 million related to Viper and $2,180 million and $1,769 million excluded from amortization related to Viper) | 82,240 | 42,430 |
| Other property, equipment and land | 1,440 | 673 |
| Accumulated depletion, depreciation, amortization and impairment ($1,081 million and $866 million related to Viper) | (19,208) | (16,429) |
| Property and equipment, net | 64,472 | 26,674 |
| Funds held in escrow | 1 | — |
| Equity method investments | 375 | 529 |
| Derivative instruments | 2 | 1 |
| Deferred income taxes, net ($185 million and $57 million related to Viper) | 173 | 45 |
| Other assets | 159 | 131 |
| Total assets | $67,292 | $29,001 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable - trade | $253 | $261 |
| Accrued capital expenditures | 690 | 493 |
| Current maturities of debt | 900 | — |
| Other accrued liabilities | 1,020 | 475 |
| Revenues and royalties payable | 1,491 | 764 |
| Derivative instruments | 43 | 86 |
| Income taxes payable | 414 | 29 |
| Total current liabilities | 4,811 | 2,108 |
| Long-term debt ($1,083 million and $1,083 million related to Viper) | 12,075 | 6,641 |
| Derivative instruments | 106 | 122 |
| Asset retirement obligations | 573 | 239 |
| Deferred income taxes | 9,826 | 2,449 |
| Other long-term liabilities | 39 | 12 |
| Total liabilities | 27,430 | 11,571 |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 800,000,000 shares authorized; 290,984,373 and 178,723,871 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 3 | 2 |
| Additional paid-in capital | 33,501 | 14,142 |
| Retained earnings (accumulated deficit) | 4,238 | 2,489 |
| Accumulated other comprehensive income (loss) | (6) | (8) |
| Total Diamondback Energy, Inc. stockholders’ equity | 37,736 | 16,625 |
| Non-controlling interest | 2,126 | 805 |
| Total equity | 39,862 | 17,430 |
| Total liabilities and stockholders' equity | $67,292 | $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.