Financials Diamondback Energy, Inc.

Equities

FANG

US25278X1090

Oil & Gas Exploration and Production

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-24 pm EDT			5-day change	1st Jan Change
193.5 ^USD	+0.78%		-2.13%	+24.75%

May. 23	Seaport Global Adjusts Price Target on Diamondback Energy to $205 From $170	MT
May. 20	Diamondback Energy Insider Sold Shares Worth $4,892,312, According to a Recent SEC Filing	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	14,899	7,646	19,540	24,073	27,757	34,502	-	-
Enterprise Value (EV) ¹	20,147	13,357	25,642	30,335	33,965	39,388	42,630	40,874
P/E ratio	63.2 x	-1.69 x	8.77 x	5.56 x	8.94 x	10.6 x	8.78 x	9.12 x
Yield	1.01%	3.15%	1.81%	8.27%	4.66%	4.67%	4.43%	4.52%
Capitalization / Revenue	3.76 x	2.72 x	2.87 x	2.5 x	3.3 x	3.88 x	2.19 x	2.31 x
EV / Revenue	5.08 x	4.75 x	3.77 x	3.15 x	4.04 x	4.43 x	2.7 x	2.74 x
EV / EBITDA	6.83 x	6.54 x	6.26 x	4.33 x	5.55 x	5.97 x	3.58 x	3.63 x
EV / FCF	-1,007 x	82.5 x	10.6 x	6.42 x	11.4 x	12.3 x	7.42 x	7.32 x
FCF Yield	-0.1%	1.21%	9.44%	15.6%	8.79%	8.15%	13.5%	13.7%
Price to Book	1.15 x	0.87 x	1.59 x	1.62 x	1.67 x	1.86 x	1.63 x	1.3 x
Nbr of stocks (in thousands)	160,445	157,974	181,175	175,999	178,985	178,344	-	-
Reference price ²	92.86	48.40	107.8	136.8	155.1	193.5	193.5	193.5
Announcement Date	2/18/20	2/22/21	2/22/22	2/21/23	2/20/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,964	2,813	6,797	9,643	8,412	8,890	15,777	14,933
EBITDA ¹	2,949	2,042	4,093	7,006	6,115	6,601	11,918	11,268
EBIT ¹	1,485	545	4,079	6,508	4,570	4,674	8,568	7,923
Operating Margin	37.46%	19.37%	60.01%	67.49%	54.33%	52.57%	54.31%	53.06%
Earnings before Tax (EBT) ¹	362	-5,776	2,907	5,736	4,248	4,430	8,267	7,653
Net income ¹	240	-4,517	2,182	4,386	3,143	3,248	6,090	5,617
Net margin	6.05%	-160.58%	32.1%	45.48%	37.36%	36.53%	38.6%	37.61%
EPS ²	1.470	-28.59	12.30	24.61	17.34	18.26	22.03	21.21
Free Cash Flow ¹	-20	162	2,421	4,724	2,987	3,211	5,746	5,585
FCF margin	-0.5%	5.76%	35.62%	48.99%	35.51%	36.11%	36.42%	37.4%
FCF Conversion (EBITDA)	-	7.93%	59.15%	67.43%	48.85%	48.64%	48.22%	49.56%
FCF Conversion (Net income)	-	-	110.95%	107.71%	95.04%	98.85%	94.36%	99.43%
Dividend per Share ²	0.9375	1.525	1.950	11.31	7.220	9.033	8.562	8.738
Announcement Date	2/18/20	2/22/21	2/22/22	2/21/23	2/20/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 S1
Net sales ¹	2,022	2,408	2,768	2,437	2,030	1,925	1,919	2,340	2,228	2,227	2,246	2,257	2,278	3,920	3,894	-
EBITDA ¹	1,192	1,551	1,992	1,857	1,606	1,420	1,353	1,746	1,596	1,550	1,689	1,690	1,684	2,946	2,921	-
EBIT ¹	1,312	1,660	1,978	1,614	1,256	1,081	1,000	1,340	1,205	1,173	1,207	1,199	1,183	2,076	2,045	-
Operating Margin	64.89%	68.94%	71.46%	66.23%	61.87%	56.16%	52.11%	57.26%	54.08%	52.67%	53.77%	53.14%	51.95%	52.97%	52.51%	-
Earnings before Tax (EBT) ¹	1,330	1,024	1,863	1,560	1,289	953	751	1,269	1,275	1,032	1,159	1,153	1,116	2,040	1,997	-
Net income ¹	1,002	779	1,416	1,184	1,007	712	556	915	960	768	840.1	829.1	803.3	1,507	1,472	-
Net margin	49.55%	32.35%	51.16%	48.58%	49.61%	36.99%	28.97%	39.1%	43.09%	34.49%	37.41%	36.73%	35.26%	38.44%	37.81%	-
EPS ²	5.540	4.360	7.930	6.720	5.620	3.880	3.050	5.070	5.340	4.280	4.661	4.624	4.485	5.310	5.024	-
Dividend per Share ²	0.6000	0.7000	3.050	2.260	2.950	0.8300	0.8400	3.370	2.180	-	1.973	2.066	2.120	2.617	2.233	-
Announcement Date	2/22/22	5/2/22	8/1/22	11/7/22	2/21/23	5/1/23	7/31/23	11/6/23	2/20/24	4/30/24	-	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	5,248	5,711	6,102	6,262	6,208	4,886	8,128	6,372
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.78 x	2.797 x	1.491 x	0.8938 x	1.015 x	0.7402 x	0.682 x	0.5655 x
Free Cash Flow ¹	-20	162	2,421	4,724	2,987	3,211	5,746	5,585
ROE (net income / shareholders' equity)	8.42%	4.36%	19.2%	31.6%	20.6%	16.2%	18.8%	12.6%
ROA (Net income/ Total Assets)	5.03%	2.34%	9.92%	17.4%	11.4%	9.45%	8.8%	5.9%
Assets ¹	4,771	-193,216	22,003	25,144	27,605	34,359	69,202	95,196
Book Value Per Share ²	81.00	55.60	67.90	84.50	93.00	104.0	119.0	149.0
Cash Flow per Share ²	17.70	12.80	22.00	37.00	31.20	31.80	34.90	33.50
Capex ¹	2,921	1,859	1,487	1,938	2,701	2,425	4,256	4,183
Capex / Sales	73.69%	66.09%	21.88%	20.1%	32.11%	27.28%	26.98%	28.01%
Announcement Date	2/18/20	2/22/21	2/22/22	2/21/23	2/20/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Diamondback Energy, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

193.5 USD

Average target price

222 USD

Spread / Average Target

+14.77%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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