Short answer
Diamondback Energy (FANG) filed its fiscal 2024 10-K annual report with the SEC on Feb 26, 2025. It reported revenue of $11.1B (+31.6% year over year) and net income of $3.3B.
- Top risk flagged: Regulatory risk: inability to secure insurance or bonding required by new governmental regulations, potentially restricting operations and impairing financial position
FY2024 key financial metrics · XBRL
- Revenue
- $11.1B
- +31.6% YoY
- Net income
- $3.3B
- +6.2% YoY
- Operating margin
- 39.7%
- −14.6 pp YoY
- EPS (diluted)
- $15.53
- −10.4% YoY
- ROE
- 8.8%
- −10.1 pp YoY
- Operating cash flow
- $6.4B
- +8.3% YoY
Source: XBRL data from the Diamondback Energy (FANG) FY2024 10-K on SEC EDGAR. USD.
Diamondback Energy FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Management Discussion & Analysis
- Revenue $10.1B in 2024, up 23% YoY from $8.2B, driven by 34% volume growth partially offset by $596M lower prices
- Operating profitability details not explicitly provided in text extract
- Best segment: Oil sales $9.1B in 2024 vs $7.3B in 2023, largest revenue contributor at 56%-59% production mix
- Worst segment: Natural gas sales declined to $89M in 2024 from $262M in 2023, price per Mcf down from $1.32 to $0.32
Risk Factors
- Regulatory risk: inability to secure insurance or bonding required by new governmental regulations, potentially restricting operations and impairing financial position
- Operational risk: employee OSHA recordable cases increased from 3 in 2023 to 11 in 2024, TRIR rose to 0.88 from 0.30, signaling heightened workplace incidents
- Human capital risk: reliance on recruiting experienced hires amid a 15% attrition rate in 2024, with no unionized workforce to mitigate labor disruptions
- Market risk: exposure to labor market competition for top talent potentially impacting operational effectiveness and corporate culture preservation
- Facility concentration risk: corporate headquarters plus leased offices all located in limited geographic areas of Texas and Oklahoma
Generated from the filing text; verify against the original. How to read a 10-K
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