Guarantor Subsidiaries was Diamondback Energy’s largest revenue line in fiscal 2018, bringing in $1.89B of $2.18B (87%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|
| Guarantor Subsidiaries | $371.87M | $448.27M | $1.03B | $1.89B |
| Viper Energy Partners Lp | $74.86M | $79.15M | $172.03M | $288.82M |
| Total | $446.73M | $527.42M | $1.21B | $2.18B |
Diamondback Energy brought in $2.18B from its two revenue lines in fiscal 2018, the year ended December 31, 2018. That was up 80.8% from $1.21B in fiscal 2017. Guarantor Subsidiaries was the largest at $1.89B (86.7%), ahead of Viper Energy Partners Lp at $288.82M (13.3%).
Compared with fiscal 2017, Guarantor Subsidiaries grew 83.0% to $1.89B and Viper Energy Partners Lp grew 67.9% to $288.82M. From fiscal 2015 to 2018, combined revenue from these revenue lines grew from $446.73M to $2.18B, a compound annual growth rate of 69.6%. Guarantor Subsidiaries' share of the total rose from 83.2% to 86.7%.
Guarantor Subsidiaries was Diamondback Energy’s largest revenue line in fiscal 2014, bringing in $417.50M of $495.26M (84%).
| Legal Entity | FY 2012 | FY 2013 | FY 2014 |
|---|---|---|---|
| Guarantor Subsidiaries | $74.96M | $193.02M | $417.50M |
| Viper Energy Partners Lp | — | — | $77.77M |
| Non-Guarantor Subsidiaries | — | $14.99M | — |
| Total | $74.96M | $208.00M | $495.26M |
Diamondback Energy brought in $495.26M from its two revenue lines in fiscal 2014, the year ended December 31, 2014. Diamondback Energy regrouped these revenue lines after fiscal 2013, so the total does not compare directly with that year's $208.00M. Guarantor Subsidiaries was the largest at $417.50M (84.3%), ahead of Viper Energy Partners Lp at $77.77M (15.7%).
Diamondback Energy began breaking out Viper Energy Partners Lp in fiscal 2014, when it brought in $77.77M. Diamondback Energy stopped reporting Non-Guarantor Subsidiaries as a separate revenue line after fiscal 2013, when it brought in $14.99M.
Upstream was Diamondback Energy’s largest segment in fiscal 2021, bringing in $6.75B of $6.80B (99%).
| Segment | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|
| Upstream | $2.13B | $3.89B | $2.76B | $6.75B | |
| All Other | — | — | $57.00M | $50.00M | |
| Midstream Operations | $44.00M | $73.00M | — | — | |
| Midstream Services | — | — | — | — | |
| Total | $2.18B | $3.96B | $2.81B | $6.80B |
Diamondback Energy brought in $6.80B from its two segments in fiscal 2021, the year ended December 31, 2021. That was up 141.6% from $2.81B in fiscal 2020. Upstream was the largest at $6.75B (99.3%), ahead of All Other at $50.00M (0.7%).
Diamondback Energy began breaking out All Other in fiscal 2020, when it brought in $57.00M. Diamondback Energy stopped reporting Midstream Operations as a separate segment after fiscal 2019, when it brought in $73.00M.
Diamondback Energy (FANG) reports its revenue by consolidated entities, by legal entity and by segment. In fiscal 2018, Guarantor Subsidiaries was its largest revenue line, bringing in $1.89B (86.7% of the total), followed by Viper Energy Partners Lp at $288.82M (13.3%).
Guarantor Subsidiaries was Diamondback Energy's largest revenue line in fiscal 2018, bringing in $1.89B, or 86.7% of the $2.18B total across its two revenue lines.
Upstream was Diamondback Energy's largest segment in fiscal 2021, bringing in $6.75B, or 99.3% of the $6.80B total across its two segments.
Guarantor Subsidiaries grew faster than Viper Energy Partners Lp in fiscal 2018, up 83.0% from $1.03B to $1.89B. Viper Energy Partners Lp grew 67.9% to $288.82M.
Every figure comes from Diamondback Energy's annual financial filings, as reported. Each line keeps the name Diamondback Energy gives it, and years follow its fiscal calendar.
Diamondback Energy's revenue by consolidated entities goes back to fiscal 2015, with figures through fiscal 2018. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.