Discontinued — last reported Q3 '24
Upstream — Net Interest Expense
Diamondback Energy Upstream — Net Interest Expense increased by 56.8% to -$19.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 54.8%, from -$42.00M to -$19.00M. Over 2 years (FY 2021 to FY 2023), Upstream — Net Interest Expense shows relatively stable performance with a 2.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests higher debt levels or rising interest rates, which may pressure segment margins, while a decrease indicates deleveraging or improved debt terms.
Detailed definition
The net cost of debt financing allocated to the upstream segment, representing interest paid on borrowings minus interes...
Peer comparison
Comparable to 'Segment Interest Expense' at other capital-intensive energy firms.
fang_segment_upstream_interest_expense_netHistorical 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 | -$48.00M | -$50.00M | -$20.00M | -$31.00M | -$30.00M | -$33.00M | -$36.00M | -$46.00M | -$51.00M | -$42.00M | -$37.00M | -$46.00M | -$44.00M | -$19.00M |
| QoQ Change | — | -4.2% | +60.0% | -55.0% | +3.2% | -10.0% | -9.1% | -27.8% | -10.9% | +17.6% | +11.9% | -24.3% | +4.3% | +56.8% |
| YoY Change | — | — | — | — | +37.5% | +34.0% | -80.0% | -48.4% | -70.0% | -27.3% | -2.8% | +0.0% | +13.7% | +54.8% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Diamondback Energy's upstream — net interest expense?
- Diamondback Energy (FANG) reported upstream — net interest expense of -$19.00M in Q3 2024.
- How has Diamondback Energy's upstream — net interest expense changed year-over-year?
- Diamondback Energy's upstream — net interest expense increased by 54.8% year-over-year, from -$42.00M to -$19.00M.
- What is the long-term trend for Diamondback Energy's upstream — net interest expense?
- Over 2 years (2021 to 2023), Diamondback Energy's upstream — net interest expense has grown at a 2.7% compound annual growth rate (CAGR), from -$167.00M to -$176.00M.
- What does upstream — net interest expense mean?
- The net cost of interest payments associated with the debt used to fund upstream operations.