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FANG| Name | Value |
|---|---|
| Revenues | 2,030.0M |
| Cost of Revenue | 709.0M |
| Gross Profit | 1,321.0M |
| Operating Expense | 62.0M |
| Operating I/L | 1,256.0M |
| Other Income/Expense | 33.0M |
| Interest Income | 0.0M |
| Pretax | 1,289.0M |
| Income Tax Expense | 261.0M |
| Net Income/Loss | 1,007.0M |
Diamondback Energy, Inc. is an independent oil and natural gas company with a focus on the acquisition, development, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. The company's primary revenue streams come from the development of the Spraberry and Wolfcamp formations of the Midland basin, as well as the Wolfcamp and Bone Spring formations of the Delaware basin. Diamondback Energy, Inc. also owns and operates midstream infrastructure assets, including crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin.
