GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamondback Energy Inc (MEX:FANG) » Definitions » Tax Rate %

Diamondback Energy (MEX:FANG) Tax Rate % : 22.88% (As of Sep. 2024)


View and export this data going back to 2019. Start your Free Trial

What is Diamondback Energy Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Diamondback Energy's Tax Expense for the three months ended in Sep. 2024 was MXN4,135 Mil. Diamondback Energy's Pre-Tax Income for the three months ended in Sep. 2024 was MXN18,076 Mil. Therefore, Diamondback Energy's Tax Rate % for the quarter that ended in Sep. 2024 was 22.88%.

Diamondback Energy Tax Rate % Historical Data

The historical data trend for Diamondback Energy's Tax Rate % 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 Tax Rate % Chart

Diamondback Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.98 19.11 21.71 20.47 21.47

Diamondback Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.75 20.71 21.61 21.99 22.88

Diamondback Energy Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Diamondback Energy's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=15480.514/72106.605
=21.47 %

Diamondback Energy's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=4134.963/18075.695
=22.88 %

* 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.

Diamondback Energy Tax Rate % Related Terms

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

Diamondback Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamondback Energy Inc (MEX:FANG) » Definitions » Tax Rate %
Comparable Companies
OXY HES EQT TPL EOG EXE DVN CTRA AR OVV COP HKSE:00883 TSX:CNQ ASX:WDS MIC:NVTK TSX:TOU TSE:1605 BKK:PTTEP ASX:STO OSL:AKRBP
Traded in Other Exchanges
FANG:USA 7DB:Germany F1AN34:Brazil FANG:Austria
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 2023, the company reported net proven reserves of 2.2 billion barrels of oil equivalent. Net production averaged about 448,000 barrels per day in 2023, at a ratio of 59% oil, 21% natural gas liquids, and 20% natural gas.