Discontinued — last reported Q3 '24
Upstream — Income (loss) from operations
Diamondback Energy Upstream — Income (loss) from operations decreased by 37.8% to $709.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 47.1%, from $1.34B to $709.00M. Over 2 years (FY 2021 to FY 2023), Upstream — Income (loss) from operations shows an upward trend with a 7.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals improved operational efficiency or higher margins, whereas a decrease suggests rising production costs or declining commodity prices.
Detailed definition
Measures the profitability of the upstream segment by subtracting operating expenses, including production costs and DD&...
Peer comparison
Commonly reported as 'Segment Operating Income' by E&P peers; essential for evaluating core business health.
fang_segment_upstream_income_loss_from_operationsHistorical 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 | $927.00M | $1.13B | $1.27B | $1.64B | $1.96B | $1.60B | $1.24B | $1.00B | $979.00M | $1.34B | $1.20B | $1.09B | $1.14B | $709.00M |
| QoQ Change | — | +21.5% | +13.1% | +28.5% | +19.9% | -18.6% | -22.7% | -18.9% | -2.3% | +36.8% | -10.5% | -9.1% | +4.5% | -37.8% |
| YoY Change | — | — | — | — | +111.7% | +41.9% | -3.1% | -38.8% | -50.1% | -16.2% | -2.9% | +8.8% | +16.3% | -47.1% |
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Frequently Asked Questions
- What is Diamondback Energy's upstream — income (loss) from operations?
- Diamondback Energy (FANG) reported upstream — income (loss) from operations of $709.00M in Q3 2024.
- How has Diamondback Energy's upstream — income (loss) from operations changed year-over-year?
- Diamondback Energy's upstream — income (loss) from operations decreased by 47.1% year-over-year, from $1.34B to $709.00M.
- What is the long-term trend for Diamondback Energy's upstream — income (loss) from operations?
- Over 2 years (2021 to 2023), Diamondback Energy's upstream — income (loss) from operations has grown at a 7.9% compound annual growth rate (CAGR), from $3.88B to $4.52B.
- What does upstream — income (loss) from operations mean?
- Operating profit generated specifically from the company's oil and gas extraction business.