Diamondback Energy (FANG) FY2024 10-K Annual Report
Diamondback Energy (FANG) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 26, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Diamondback Energy FY2024 10-K Analysis
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
- • No cash flow, capital allocation, or forward-looking guidance disclosed in provided section
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
Diamondback Energy FY2024 Key Financial MetricsXBRL
Revenue
$11.1B
▲ +31.6% YoY
Net Income
$3.3B
▲ +6.2% YoY
Operating Margin
39.7%
▼ -1460bp YoY
Net Margin
30.2%
▼ -720bp YoY
ROE
8.8%
▼ -1006bp YoY
Total Assets
$67.3B
▲ +132.0% YoY
EPS (Diluted)
$15.53
▼ -10.4% YoY
Operating Cash Flow
$6.4B
▲ +8.3% YoY
Source: XBRL data from Diamondback Energy FY2024 10-K filing on SEC EDGAR. All figures in USD.
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