Discontinued — last reported Q3 '24
Upstream — Depreciation, depletion, amortization and accretion
Diamondback Energy Upstream — Depreciation, depletion, amortization and accretion increased by 53.8% to $735.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 69.0%, from $435.00M to $735.00M. Over 2 years (FY 2021 to FY 2023), Upstream — Depreciation, depletion, amortization and accretion shows an upward trend with a 18.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Higher values relative to production suggest higher capital intensity or faster reserve depletion, while lower values may indicate more efficient capital utilization or lower-cost reserve bases.
Detailed definition
The non-cash expense allocated to the cost of oil and gas properties, reflecting the exhaustion of natural resource rese...
Peer comparison
Standard industry metric for E&P companies; highly comparable across peers based on reserve life and capital expenditure history.
fang_segment_upstream_depreciation_depletion_amortization_and_accretionHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $325.00M | $324.00M | $308.00M | $292.00M | $314.00M | $323.00M | $350.00M | $388.00M | $421.00M | $435.00M | $463.00M | $463.00M | $478.00M | $735.00M |
| QoQ Change | — | -0.3% | -4.9% | -5.2% | +7.5% | +2.9% | +8.4% | +10.9% | +8.5% | +3.3% | +6.4% | +0.0% | +3.2% | +53.8% |
| YoY Change | — | — | — | — | -3.4% | -0.3% | +13.6% | +32.9% | +34.1% | +34.7% | +32.3% | +19.3% | +13.5% | +69.0% |
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Frequently Asked Questions
- What is Diamondback Energy's upstream — depreciation, depletion, amortization and accretion?
- Diamondback Energy (FANG) reported upstream — depreciation, depletion, amortization and accretion of $735.00M in Q3 2024.
- How has Diamondback Energy's upstream — depreciation, depletion, amortization and accretion changed year-over-year?
- Diamondback Energy's upstream — depreciation, depletion, amortization and accretion increased by 69.0% year-over-year, from $435.00M to $735.00M.
- What is the long-term trend for Diamondback Energy's upstream — depreciation, depletion, amortization and accretion?
- Over 2 years (2021 to 2023), Diamondback Energy's upstream — depreciation, depletion, amortization and accretion has grown at a 18.3% compound annual growth rate (CAGR), from $1.22B to $1.71B.
- What does upstream — depreciation, depletion, amortization and accretion mean?
- The non-cash cost representing the consumption of oil and gas reserves and related capital assets.