Diamondback Energy, Inc.

Diamondback Energy, Inc.verified

FANG

Price:

$203.53

Market Cap:

$36.30B

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also h...[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2012-10-12

Stock Exchange

NASDAQ

Ticker

FANG

The ROE as of July 2024 (TTM) for Diamondback Energy, Inc. (FANG) is 19.56%

According to Diamondback Energy, Inc.’s latest financial reports and current stock price. The company's current ROE is 19.56%. This represents a change of 301.28% compared to the average of 4.88% of the last 4 quarters.

Diamondback Energy, Inc. (FANG) Historical ROE (quarterly & annually)

How has FANG ROE performed in the past?

The mean historical ROE of Diamondback Energy, Inc. over the last ten years is 0.75%. The current 19.56% ROE has changed 2.52% with respect to the historical average. Over the past ten years (40 quarters), FANG's ROE was at its highest in in the June 2022 quarter at 10.51%. The ROE was at its lowest in in the June 2020 quarter at -22.34%.

Quarterly (TTM)
Annual

Average

0.75%

Median

7.68%

Minimum

-53.13%

Maximum

29.22%

Diamondback Energy, Inc. (FANG) ROE by Quarter and Year

Discovering the peaks and valleys of Diamondback Energy, Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 71.40%

Maximum Annual ROE = 29.22%

Minimum Annual Increase = -3032.84%

Minimum Annual ROE = -53.13%

Quarterly (TTM)
Annual
YearROEChange
202318.91%-35.31%
202229.22%61.89%
202118.05%-133.98%
2020-53.13%-3032.84%
20191.81%-70.66%
20186.17%-32.74%
20179.18%-305.61%
2016-4.46%-84.79%
2015-29.35%-365.26%
201411.07%71.40%

Diamondback Energy, Inc. (FANG) Average ROE

How has FANG ROE performed in the past?

The current ROE of Diamondback Energy, Inc. (FANG) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

22.06%

5-year avg

2.97%

10-year avg

0.75%

Diamondback Energy, Inc. (FANG) ROE vs. Peers

How is FANG’s ROE compared to its peers?

Diamondback Energy, Inc.’s ROE is less than Devon Energy Corporation (28.56%), less than Coterra Energy Inc. (10.08%), less than EOG Resources, Inc. (26.58%), less than ConocoPhillips (21.84%), less than Antero Resources Corporation (0.95%), less than Callon Petroleum Company (10.67%), less than Earthstone Energy, Inc. (26.29%), less than Vital Energy, Inc. (22.99%), less than Pioneer Natural Resources Company (20.80%), less than Occidental Petroleum Corporation (14.47%), less than APA Corporation (155.77%), less than Hess Corporation (22.46%), less than EQT Corporation (4.42%),

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