Diamondback Energy (Diamondback Energy) Interest Expense : $-175 Mil (TTM As of Dec. 2023)

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What is Diamondback Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Diamondback Energy's interest expense for the three months ended in Dec. 2023 was $ -37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-175 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Diamondback Energy's Operating Income for the three months ended in Dec. 2023 was $ 1,205 Mil. Diamondback Energy's Interest Expense for the three months ended in Dec. 2023 was $ -37 Mil. Diamondback Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 32.57. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Diamondback Energy Interest Expense Historical Data

The historical data trend for Diamondback Energy's Interest Expense 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.

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Diamondback Energy Interest Expense Chart

Diamondback Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-169.00

-195.00

-189.00

-148.00

-175.00

Diamondback Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-26.00	-46.00	-51.00	-41.00	-37.00

Diamondback Energy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-175 Mil.

Diamondback Energy (NAS:FANG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Diamondback Energy's Interest Expense for the three months ended in Dec. 2023 was $-37 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,205 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $6,641 Mil.

Diamondback Energy's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1205	/	-37
	=	32.57

The higher the ratio, the stronger the company's financial strength is.

Diamondback Energy (Diamondback Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamondback Energy Inc (NAS:FANG) » Definitions » Interest Expense

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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