Discontinued — last reported Q3 '24
Upstream — Revenue
Diamondback Energy Upstream — Revenue increased by 6.5% to $2.64B in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 13.3%, from $2.33B to $2.64B. Over 2 years (FY 2021 to FY 2023), Upstream — Revenue shows an upward trend with a 11.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates higher production volumes or favorable commodity price realizations, while a decrease suggests lower output or weaker market pricing.
Detailed definition
Represents the total gross revenue generated from the exploration, development, and production of crude oil, natural gas...
Peer comparison
Standard across all independent E&P companies; comparable to 'Oil and Gas Sales' or 'Upstream Revenue' at peers.
fang_segment_upstream_revenuesHistorical 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 | $1.67B | $1.90B | $2.01B | $2.39B | $2.75B | $2.42B | $2.01B | $1.90B | $1.90B | $2.33B | $2.22B | $2.22B | $2.47B | $2.64B |
| QoQ Change | — | +13.6% | +6.0% | +19.0% | +15.1% | -12.1% | -16.9% | -5.2% | -0.5% | +22.8% | -4.7% | +0.0% | +11.5% | +6.5% |
| YoY Change | — | — | — | — | +64.9% | +27.6% | -0.0% | -20.4% | -31.2% | -3.8% | +10.4% | +16.5% | +30.6% | +13.3% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Diamondback Energy's upstream — revenue?
- Diamondback Energy (FANG) reported upstream — revenue of $2.64B in Q3 2024.
- How has Diamondback Energy's upstream — revenue changed year-over-year?
- Diamondback Energy's upstream — revenue increased by 13.3% year-over-year, from $2.33B to $2.64B.
- What is the long-term trend for Diamondback Energy's upstream — revenue?
- Over 2 years (2021 to 2023), Diamondback Energy's upstream — revenue has grown at a 11.2% compound annual growth rate (CAGR), from $6.75B to $8.34B.
- What does upstream — revenue mean?
- Total sales generated from the company's oil and gas production activities.