Diamondback Energy (FANG) Cost of Revenue (2017 - 2025)
Diamondback Energy (FANG) reported Cost of Revenue of $493 million for Q1 2025, up 154.1% from $194 million a year earlier and up 54.1% from the prior quarter.
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Analysis
Diamondback Energy (FANG) Cost of Revenue (2017 - 2025) Analysis & Trends
Over the twelve months ended Mar 31, 2025, Diamondback Energy's Cost of Revenue came in at $1.58 billion, up 200.8% year-over-year; for FY2024, it was $1.28 billion, up 220.9% from FY2023.
- Cost of Revenue has increased for three consecutive years, with a five-year compound annual growth rate of 48.1% (FY2019 to FY2024).
- By year, Cost of Revenue came in at $398 million in FY2023 (+54.3%), $258 million in FY2022 (+21.7%), $212 million in FY2021 (-13.5%) and $245 million in FY2020 (+36.9%).
- The Q1 2025 figure ranks as the highest quarterly Cost of Revenue in data going back to Q2 2017.
- Year over year, Cost of Revenue has now increased in each of the last eight quarters, with growth averaging 165.8% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was Q2 2024 (growth of 460.3%); the low point was Q2 2022 (a decline of 22.8%).
- Per Business Quant data, the three quarters before Q1 2025 came in at $320 million (Q4 2024), $382 million (Q3 2024) and $381 million (Q2 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 746.02 Bn | 702.50 Bn | - | - |
| 2 | Chevron | 443.29 Bn | 415.40 Bn | 33.45 Bn | 36.61 Bn |
| 3 | Shell | 310.39 Bn | 240.13 Bn | 30.13 Bn | 64.53 Bn |
| 4 | TotalEnergies SE | 197.93 Bn | 78.51 Bn | 61.77 Bn | 38,308.00 |
| 5 | Conocophillips | 176.73 Bn | 149.44 Bn | 12.81 Bn | 6.71 Bn |
| 6 | Equinor Asa | 119.74 Bn | 34.20 Bn | - | - |
| 7 | Phillips 66 | 116.22 Bn | 104.01 Bn | 8.38 Bn | 43.66 Bn |
| 8 | Canadian Natural Resources | 113.52 Bn | 110.52 Bn | 8.84 Bn | 1.81 Bn |
| 9 | Suncor Energy | 95.61 Bn | 81.35 Bn | - | - |
| 10 | Diamondback Energy | 57.07 Bn | 56.17 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2025 | 493.00 Mn |
| Dec 31, 2024 | 320.00 Mn |
| Sep 30, 2024 | 382.00 Mn |
| Jun 30, 2024 | 381.00 Mn |
| Mar 31, 2024 | 194.00 Mn |
| Dec 31, 2023 | 130.00 Mn |
| Sep 30, 2023 | 132.00 Mn |
| Jun 30, 2023 | 68.00 Mn |
| Mar 31, 2023 | 68.00 Mn |
| Dec 31, 2022 | 67.00 Mn |
| Sep 30, 2022 | 71.00 Mn |
| Jun 30, 2022 | 61.00 Mn |
| Mar 31, 2022 | 81.00 Mn |
| Dec 31, 2021 | 58.00 Mn |
| Sep 30, 2021 | 67.00 Mn |
| Jun 30, 2021 | 79.00 Mn |
| Mar 31, 2021 | 59.00 Mn |
| Dec 31, 2020 | 59.00 Mn |
| Sep 30, 2020 | 59.00 Mn |
| Jun 30, 2020 | 68.00 Mn |
API Access
Diamondback Energy Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=FANG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "FANG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=FANG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();