Discontinued — last reported Q3 '24
Upstream — Net income (loss) attributable to the Company
Diamondback Energy Upstream — Net income (loss) attributable to the Company decreased by 30.4% to $563.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 36.5%, from $887.00M to $563.00M. Over 2 years (FY 2021 to FY 2023), Upstream — Net income (loss) attributable to the Company shows an upward trend with a 19.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher values indicate strong segment profitability and value creation for the company.
Detailed definition
The final net profit or loss generated by the upstream segment that is attributable to the company's shareholders. This...
Peer comparison
The primary 'Segment Net Income' metric used by analysts to compare segment performance across the industry.
fang_segment_upstream_net_income_loss_attributable_to_the_companyHistorical 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 | $281.00M | $627.00M | $981.00M | $771.00M | $1.40B | $1.18B | $987.00M | $626.00M | $530.00M | $887.00M | $950.00M | $744.00M | $809.00M | $563.00M |
| QoQ Change | — | +123.1% | +56.5% | -21.4% | +81.7% | -16.1% | -16.0% | -36.6% | -15.3% | +67.4% | +7.1% | -21.7% | +8.7% | -30.4% |
| YoY Change | — | — | — | — | +398.6% | +87.4% | +0.6% | -18.8% | -62.2% | -24.5% | -3.7% | +18.8% | +52.6% | -36.5% |
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Frequently Asked Questions
- What is Diamondback Energy's upstream — net income (loss) attributable to the company?
- Diamondback Energy (FANG) reported upstream — net income (loss) attributable to the company of $563.00M in Q3 2024.
- How has Diamondback Energy's upstream — net income (loss) attributable to the company changed year-over-year?
- Diamondback Energy's upstream — net income (loss) attributable to the company decreased by 36.5% year-over-year, from $887.00M to $563.00M.
- What is the long-term trend for Diamondback Energy's upstream — net income (loss) attributable to the company?
- Over 2 years (2021 to 2023), Diamondback Energy's upstream — net income (loss) attributable to the company has grown at a 19.1% compound annual growth rate (CAGR), from $2.11B to $2.99B.
- What does upstream — net income (loss) attributable to the company mean?
- The net profit generated by the upstream segment for the company's shareholders.