Discontinued — last reported Q3 '24
Upstream — Net income (loss) attributable to non-controlling interest
Diamondback Energy Upstream — Net income (loss) attributable to non-controlling interest decreased by 14.0% to $49.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 37.2%, from $78.00M to $49.00M. Over 2 years (FY 2021 to FY 2023), Upstream — Net income (loss) attributable to non-controlling interest shows an upward trend with a 84.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests higher profitability for minority partners, while a decrease indicates a higher concentration of earnings for the parent company.
Detailed definition
The portion of the upstream segment's net income that is attributable to minority shareholders or joint venture partners...
Peer comparison
Standard accounting adjustment for companies with consolidated subsidiaries or joint ventures.
fang_segment_upstream_net_income_loss_attributable_to_non_controlling_interestHistorical 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 | $5.00M | $16.00M | $39.00M | $16.00M | $33.00M | $76.00M | $25.00M | $34.00M | $30.00M | $78.00M | $51.00M | $41.00M | $57.00M | $49.00M |
| QoQ Change | — | +220.0% | +143.8% | -59.0% | +106.3% | +130.3% | -67.1% | +36.0% | -11.8% | +160.0% | -34.6% | -19.6% | +39.0% | -14.0% |
| YoY Change | — | — | — | — | +560.0% | +375.0% | -35.9% | +112.5% | -9.1% | +2.6% | +104.0% | +20.6% | +90.0% | -37.2% |
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Frequently Asked Questions
- What is Diamondback Energy's upstream — net income (loss) attributable to non-controlling interest?
- Diamondback Energy (FANG) reported upstream — net income (loss) attributable to non-controlling interest of $49.00M in Q3 2024.
- How has Diamondback Energy's upstream — net income (loss) attributable to non-controlling interest changed year-over-year?
- Diamondback Energy's upstream — net income (loss) attributable to non-controlling interest decreased by 37.2% year-over-year, from $78.00M to $49.00M.
- What is the long-term trend for Diamondback Energy's upstream — net income (loss) attributable to non-controlling interest?
- Over 2 years (2021 to 2023), Diamondback Energy's upstream — net income (loss) attributable to non-controlling interest has grown at a 84.0% compound annual growth rate (CAGR), from $57.00M to $193.00M.
- What does upstream — net income (loss) attributable to non-controlling interest mean?
- The share of upstream profits belonging to minority partners rather than the company.