Diamondback Energy
-1.78 %
-20.2 %
Yet to be announced
Company Overview
Diamondback Energy, Inc. focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations in the Delaware basin. As of December 31, 2021, the company's acreage position was approximately 524,700 gross acres in the Permian Basin. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells.
Revenue Sources
PassBased on the company's financial statements and SEC filings, Diamondback Energy generates its revenue primarily from oil and natural gas production and sales. These are halal business activities as they involve the extraction and sale of natural resources. The company does not derive income from prohibited sources such as alcohol, gambling, or interest-based financial services.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| June 30, 2025 | $3.68b | $2.48b | - | $-55,000,000.0 | 0.00% | 2.21% |
| March 31, 2025 | $4.05b | $2.38b | - | - | 0.00% | 0.00% |
| Dec. 31, 2024 | $3.71b | $2.72b | - | $5.0m | 0.00% | 0.18% |
| Sept. 30, 2024 | $2.65b | $1.94b | - | - | 0.00% | 0.00% |
Analyzing the last four quarters of financial data, the company's interest expense relative to total expenses is minimal. The interest expense ratios for the past four quarters are well below the 5% threshold that would indicate material reliance on interest-bearing debt.
Operational Ethics
PassBased on review of company disclosures and public information, Diamondback Energy operates primarily in the Permian Basin in Texas. There is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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