Discontinued — last reported Q2 '24
Midstream and marketing services — Other Operating Income
Diamondback Energy Midstream and marketing services — Other Operating Income decreased by 12.5% to $7.00M in Q2 2024 compared to the prior quarter. Year-over-year, this metric declined by 68.2%, from $22.00M to $7.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests higher utilization of midstream assets or expanded service offerings to third parties, potentially indicating improved infrastructure efficiency or market demand. A decrease may signal lower third-party throughput or reduced service fee activity.
Detailed definition
This metric represents the ancillary revenue generated by midstream and marketing operations, excluding core commodity s...
Peer comparison
Peers in the Permian Basin often report similar income under 'Midstream' or 'Marketing' segments, though accounting treatment varies based on whether assets are owned directly or through joint ventures.
fang_segment_midstream_and_marketing_services_other_operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $11.25M | $11.25M | $11.25M | $18.00M | $20.00M | $21.00M | $22.00M | $13.00M | $6.00M | $8.00M | $7.00M |
| QoQ Change | — | +0.0% | +0.0% | +60.0% | +11.1% | +5.0% | +4.8% | -40.9% | -53.8% | +33.3% | -12.5% |
| YoY Change | — | — | — | +60.0% | +77.8% | — | — | -27.8% | -70.0% | -61.9% | -68.2% |
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Frequently Asked Questions
- What is Diamondback Energy's midstream and marketing services — other operating income?
- Diamondback Energy (FANG) reported midstream and marketing services — other operating income of $7.00M in Q2 2024.
- How has Diamondback Energy's midstream and marketing services — other operating income changed year-over-year?
- Diamondback Energy's midstream and marketing services — other operating income decreased by 68.2% year-over-year, from $22.00M to $7.00M.
- What does midstream and marketing services — other operating income mean?
- Revenue earned from providing midstream infrastructure and marketing services to third parties or internal operations.