Diamondback Energy (Diamondback Energy) Cash And Cash Equivalents : $582 Mil (As of Dec. 2023)

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What is Diamondback Energy Cash And Cash Equivalents?

Diamondback Energy's quarterly cash and cash equivalents increased from Jun. 2023 ($18.00 Mil) to Sep. 2023 ($827.00 Mil) but then stayed the same from Sep. 2023 ($827.00 Mil) to Dec. 2023 ($582.00 Mil).

Diamondback Energy's annual cash and cash equivalents declined from Dec. 2021 ($654.00 Mil) to Dec. 2022 ($157.00 Mil) but then increased from Dec. 2022 ($157.00 Mil) to Dec. 2023 ($582.00 Mil).

Diamondback Energy Cash And Cash Equivalents Historical Data

The historical data trend for Diamondback Energy's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Diamondback Energy Cash And Cash Equivalents Chart

Diamondback Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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123.00

104.00

654.00

157.00

582.00

Diamondback Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															157.00	46.00	18.00	827.00	582.00

Diamondback Energy Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Diamondback Energy (NAS:FANG) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Diamondback Energy Cash And Cash Equivalents Related Terms

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Diamondback Energy (Diamondback Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamondback Energy Inc (NAS:FANG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

FANG:Mexico 7DB:Germany 7DB:Germany 7DB:Germany

Address

500 West Texas Avenue, Suite 1200, Midland, TX, USA, 79701

Website

https://www.diamondbackenergy.com

Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2022, the company reported net proven reserves of 2 billion barrels of oil equivalent. Net production averaged about 386,000 barrels per day in 2022, at a ratio of 58% oil, 21% natural gas liquids, and 21% natural gas.

Executives

Van't Hof Matthew Kaes	officer: Sr. VP - Strategy & Corp Dev	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
David L Houston	director	14313 NORTH MAY AVENUE, OKLAHOMA CITY OK 73134
Matt Zmigrosky	officer: Exec. VP and General Counsel	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Steven E West	director	411 WEST PUTNAM AVE., SUITE 125, GREENWICH CT 06830
Daniel N Wesson	officer: Exec. VP - Operations	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Travis D. Stice	director, officer: Chief Executive Officer	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Frank D. Tsuru	director	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Rebecca A Klein	director	1411 E MISSION AVE, SPOKANE WA 99202
Teresa L. Dick	officer: CFO, Exec. VP, Assist. Sec.	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Jennifer Soliman	officer: Sr. VP and Chief HR Officer	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Russell Pantermuehl	officer: Exec. VP Reservoir Engineering	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Michael P Cross	director	515 CENTRAL PARK, OKLAHOMA CITY OK 73101
Thomas F. Hawkins	officer: Sr. VP - Land	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Stephanie K. Mains	director	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Vincent K Brooks	director	900 POLO CLUB DRIVE, AUSTIN TX 78737