| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||
Oil sales - related party | |||||||||
- | - | - | - | - | - | - | - | 38,873 | 21,403 |
Natural gas sales - related party | |||||||||
- | - | - | - | - | - | 2,534 | 1,010 | 586 | 0 |
Lease bonus | |||||||||
4,000 | 3,000 | 12,000 | 0 | 0 | - | - | - | - | - |
Other operating income | |||||||||
9,000 | 9,000 | 0 | 0 | - | - | - | - | - | - |
Revenues | |||||||||
3,964,000 | 2,176,000 | 1,205,000 | 527,107 | 446,733 | 495,718 | 208,002 | 74,962 | 49,366 | 27,253 |
Natural gas liquid sales - related party | |||||||||
- | - | - | - | - | - | 4,696 | 3,040 | 1,604 | 0 |
Oil and natural gas services - related party | |||||||||
- | - | - | - | - | - | - | - | 1,491 | 811 |
Costs and expenses: | |||||||||
Lease operating expenses | |||||||||
490,000 | 205,000 | 127,000 | 82,428 | 82,625 | 55,384 | 19,991 | 14,231 | 7,804 | 3,040 |
Production and ad valorem taxes | |||||||||
248,000 | 133,000 | 74,000 | 34,456 | 32,990 | 32,638 | 12,399 | 4,950 | 1,240 | 354 |
Lease operating expenses - related party | |||||||||
- | - | - | - | - | - | 1,166 | 1,016 | 2,127 | 1,549 |
Production and ad valorem taxes - related party | |||||||||
- | - | - | - | - | - | 500 | 287 | 1,792 | 993 |
Gathering and transportation - related party | |||||||||
- | - | - | - | - | - | 681 | 300 | 149 | 0 |
Oil and natural gas services | |||||||||
- | - | - | - | - | - | - | - | 1,207 | 228 |
Oil and natural gas services - related party | |||||||||
- | - | - | - | - | - | - | - | 526 | 583 |
Depreciation, depletion and amortization | |||||||||
1,447,000 | 623,000 | 327,000 | 178,015 | 217,697 | 170,005 | 66,597 | 26,273 | 15,601 | 8,145 |
Impairment of oil and natural gas properties | |||||||||
790,000 | 0 | 0 | 245,536 | 814,798 | 0 | 0 | - | - | - |
General and administrative expenses | |||||||||
104,000 | 65,000 | 48,000 | 42,619 | 31,968 | 21,266 | 9,870 | 9,178 | 495 | 380 |
General and administrative expenses - related party | |||||||||
- | - | - | - | - | - | 1,166 | 1,198 | 3,160 | 2,656 |
Asset Retirement Obligation, Accretion Expense | |||||||||
7,000 | 2,000 | 1,000 | 1,064 | 833 | 467 | 201 | 98 | 65 | 38 |
Merger and integration expense | |||||||||
0 | 36,000 | 0 | 0 | - | - | - | - | - | - |
Other operating expense | |||||||||
4,000 | 3,000 | 0 | 0 | - | - | - | - | - | - |
Total costs and expenses | |||||||||
3,269,000 | 1,165,000 | 600,000 | 595,724 | 1,187,002 | 283,048 | 112,808 | 57,655 | 34,219 | 18,072 |
Operating Income (Loss) | |||||||||
695,000 | 1,011,000 | 605,000 | -68,617 | -740,269 | 212,670 | 95,194 | 17,307 | 15,147 | 9,181 |
Other income (expense): | |||||||||
Interest expense, net | |||||||||
-172,000 | -87,000 | -41,000 | -40,684 | -41,510 | -34,514 | -8,058 | 3 | 11 | 34 |
Other (expense) income, net | |||||||||
-2,000 | 89,000 | 11,000 | 3,064 | 728 | 677 | 0 | 0 | - | - |
Interest income (expense) | |||||||||
- | - | - | - | - | - | - | 3,610 | 2,528 | 836 |
Other income - related party | |||||||||
- | - | - | - | - | - | 1,077 | 2,132 | 0 | 0 |
Other expense | |||||||||
- | - | - | - | - | 1,416 | 0 | 0 | - | - |
Gain (loss) on derivative instruments, net | |||||||||
-108,000 | 101,000 | -78,000 | -25,345 | 31,951 | 127,539 | -1,872 | 2,617 | -13,009 | -148 |
(Loss) gain on revaluation of investment | |||||||||
5,000 | -1,000 | 0 | 0 | - | - | - | - | - | - |
Gain (Loss) on Extinguishment of Debt | |||||||||
-56,000 | 0 | 0 | -33,134 | 0 | 0 | - | - | - | - |
Loss from equity investment | |||||||||
- | - | - | - | - | - | - | -67 | -7 | 0 |
Nonoperating Income (Expense) | |||||||||
-333,000 | 102,000 | -108,000 | -96,099 | -8,831 | 92,286 | -8,853 | 1,075 | -15,533 | -950 |
Income (loss) before income taxes | |||||||||
362,000 | 1,113,000 | 497,000 | -164,716 | -749,100 | 304,956 | 86,341 | 18,382 | -386 | 8,231 |
Income Tax Expense (Benefit) | |||||||||
47,000 | 168,000 | -20,000 | 192 | -201,310 | 108,985 | 31,754 | 54,903 | 0 | 0 |
Current | |||||||||
- | - | - | - | - | - | - | 0 | 0 | - |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
315,000 | 945,000 | 517,000 | -164,908 | -547,790 | 195,971 | 54,587 | -36,521 | - | - |
Net (loss) income attributable to non-controlling interest | |||||||||
75,000 | 99,000 | 35,000 | 126 | 2,838 | 2,216 | 0 | 0 | - | - |
Net (loss) income attributable to Diamondback Energy, Inc. | |||||||||
240,000 | 846,000 | 482,000 | -165,034 | -550,628 | 193,755 | 54,587 | -36,521 | -386 | 8,231 |
Earnings per common share: | |||||||||
Basic (in USD per share) | |||||||||
1.47 | 8.09 | 4.95 | -2.20 | -8.74 | 3.67 | 1.30 | - | - | - |
Diluted (in USD per share) | |||||||||
1.47 | 8.06 | 4.94 | -2.20 | -8.74 | 3.64 | 1.29 | - | - | - |
Weighted average common shares outstanding: | |||||||||
Basic (in shares) | |||||||||
163,493 | 104,622 | 97,458 | 75,077 | 63,019 | 52,826 | 42,015 | - | - | - |
Diluted (in shares) | |||||||||
163,843 | 104,929 | 97,688 | 75,077 | 63,019 | 53,297 | 42,255 | - | - | - |
Dividends declared per share (in USD per share) | |||||||||
0.93 | 0.50 | 0.00 | - | - | - | - | - | - | - |
Pro forma information (unaudited) | |||||||||
Income before income taxes, as reported | |||||||||
- | - | - | - | - | - | - | 18,382 | -386 | 8,231 |
Net income before income taxes, as reported | |||||||||
315,000 | 945,000 | 517,000 | -164,908 | -547,790 | - | - | - | - | - |
Pro forma provision for income taxes | |||||||||
- | - | - | - | - | - | - | 6,553 | - | - |
Pro forma net income | |||||||||
- | - | - | - | - | - | - | 11,829 | - | - |
Basic (in dollars per share) | |||||||||
- | - | - | - | - | - | - | 0.60 | - | - |
Diluted (in dollars per share) | |||||||||
- | - | - | - | - | - | - | 0.60 | - | - |
Basic (in shares) | |||||||||
- | - | - | - | - | - | - | 19,721 | - | - |
Diluted (in shares) | |||||||||
- | - | - | - | - | - | - | 19,724 | - | - |
Oil sales | |||||||||
Revenue | |||||||||
3,554,000 | 1,879,000 | 1,044,000 | 470,528 | 405,715 | 449,244 | 188,753 | 65,704 | 2,582 | 75 |
Natural gas sales | |||||||||
Revenue | |||||||||
66,000 | 61,000 | 52,000 | 22,506 | 19,592 | 18,028 | 3,715 | 1,369 | 1,061 | 1,400 |
Natural gas liquid sales | |||||||||
Revenue | |||||||||
267,000 | 190,000 | 90,000 | 34,073 | 21,426 | 28,446 | 8,304 | 3,839 | 3,169 | 3,564 |
Midstream services | |||||||||
Revenue | |||||||||
64,000 | 34,000 | 7,000 | 0 | 0 | - | - | - | - | - |
Cost of goods and services sold | |||||||||
91,000 | 72,000 | 10,000 | 0 | 0 | - | - | - | - | - |
Gathering and transportation | |||||||||
Cost of goods and services sold | |||||||||
88,000 | 26,000 | 13,000 | 11,606 | 6,091 | 3,288 | 237 | 124 | 53 | 106 |