Diamondback Energy (BSP:F1AN34) 3-Year Revenue Growth Rate : 37.70% (As of Mar. 2024)

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What is Diamondback Energy 3-Year Revenue Growth Rate?

Diamondback Energy's Revenue per Share for the three months ended in Mar. 2024 was R$30.94.

During the past 12 months, Diamondback Energy's average Revenue per Share Growth Rate was -5.60% per year. During the past 3 years, the average Revenue per Share Growth Rate was 37.70% per year. During the past 5 years, the average Revenue per Share Growth Rate was 23.00% per year. During the past 10 years, the average Revenue per Share Growth Rate was 26.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Revenue per Share growth rate.

During the past 13 years, the highest 3-Year average Revenue per Share Growth Rate of Diamondback Energy was 62.10% per year. The lowest was 9.90% per year. And the median was 40.25% per year.

Competitive Comparison of Diamondback Energy's 3-Year Revenue Growth Rate

For the Oil & Gas E&P subindustry, Diamondback Energy's 3-Year Revenue Growth Rate, along with its competitors' market caps and 3-Year Revenue Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Diamondback Energy's 3-Year Revenue Growth Rate Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Diamondback Energy's 3-Year Revenue Growth Rate distribution charts can be found below:

* The bar in red indicates where Diamondback Energy's 3-Year Revenue Growth Rate falls into.

Diamondback Energy 3-Year Revenue Growth Rate Calculation

This is the 3-year average growth rate of Revenue per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Revenue per Share growth rate.

Diamondback Energy (BSP:F1AN34) 3-Year Revenue Growth Rate Explanation

Revenue per Share is the amount of Revenue per outstanding share of the company's stock.

Revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top. Revenue per share growth rate is used in calculating Predictability Rank, companies with more consistent revenue and earnings growth are ranked high with predictability.

Diamondback Energy 3-Year Revenue Growth Rate Related Terms

Thank you for viewing the detailed overview of Diamondback Energy's 3-Year Revenue Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

Diamondback Energy (BSP:F1AN34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamondback Energy Inc (BSP:F1AN34) » Definitions » 3-Year Revenue Growth Rate

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Traded in Other Exchanges

FANG:USA FANG:Mexico

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.

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