Diamondback Energy (Diamondback Energy) COGS-to-Revenue : 0.44 (As of Dec. 2023)

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What is Diamondback Energy COGS-to-Revenue?

Diamondback Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $970 Mil. Its Revenue for the three months ended in Dec. 2023 was $2,217 Mil.

Diamondback Energy's COGS to Revenue for the three months ended in Dec. 2023 was 0.44.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Diamondback Energy's Gross Margin % for the three months ended in Dec. 2023 was 56.25%.

Diamondback Energy COGS-to-Revenue Historical Data

The historical data trend for Diamondback Energy's COGS-to-Revenue 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 COGS-to-Revenue Chart

Diamondback Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.60

0.78

0.37

0.30

0.42

Diamondback Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.36	0.43	0.44	0.39	0.44

Diamondback Energy COGS-to-Revenue Calculation

Diamondback Energy's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3541	/	8339
	=	0.42

Diamondback Energy's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	970	/	2217
	=	0.44

Diamondback Energy (NAS:FANG) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Diamondback Energy's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	970 / 2217
	=	56.25 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Diamondback Energy COGS-to-Revenue 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 » COGS-to-Revenue

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