Discontinued — last reported Q3 '24
Business Segments · Provision for (benefit from) income taxes
Upstream — Provision for (benefit from) income taxes
Diamondback Energy Upstream — Provision for (benefit from) income taxes decreased by 19.3% to $201.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 23.0%, from $261.00M to $201.00M. Over 2 years (FY 2021 to FY 2023), Upstream — Provision for (benefit from) income taxes shows an upward trend with a 19.7% CAGR.
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityModerate
First reportedQ1 2017
Last reportedQ3 2024
Rolls up toIncome Tax
How to read this metric
Changes reflect fluctuations in segment profitability and the effective tax rate applied to those earnings.
Detailed definition
The estimated income tax expense or benefit attributable specifically to the upstream segment's operations. This reflect...
Peer comparison
Standard tax allocation in segment reporting; comparable across peers with similar tax jurisdictions.
Metric ID:
fang_segment_upstream_provision_for_benefit_from_income_taxesHistorical Data
14 periods
| 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 | $91.00M | $190.00M | $276.00M | $219.00M | $398.00M | $287.00M | $261.00M | $203.00M | $162.00M | $261.00M | $262.00M | $221.00M | $249.00M | $201.00M |
| QoQ Change | — | +108.8% | +45.3% | -20.7% | +81.7% | -27.9% | -9.1% | -22.2% | -20.2% | +61.1% | +0.4% | -15.6% | +12.7% | -19.3% |
| YoY Change | — | — | — | — | +337.4% | +51.1% | -5.4% | -7.3% | -59.3% | -9.1% | +0.4% | +8.9% | +53.7% | -23.0% |
Range$91.00M – $398.00M
CAGR+27.6%
Avg YoY Growth+34.7%
Median YoY Growth-2.5%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Diamondback Energy's upstream — provision for (benefit from) income taxes?
- Diamondback Energy (FANG) reported upstream — provision for (benefit from) income taxes of $201.00M in Q3 2024.
- How has Diamondback Energy's upstream — provision for (benefit from) income taxes changed year-over-year?
- Diamondback Energy's upstream — provision for (benefit from) income taxes decreased by 23.0% year-over-year, from $261.00M to $201.00M.
- What is the long-term trend for Diamondback Energy's upstream — provision for (benefit from) income taxes?
- Over 2 years (2021 to 2023), Diamondback Energy's upstream — provision for (benefit from) income taxes has grown at a 19.7% compound annual growth rate (CAGR), from $620.00M to $888.00M.
- What does upstream — provision for (benefit from) income taxes mean?
- The tax expense or benefit allocated to the upstream business segment.