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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data
The Company’s unaudited quarterly financial data for 2015 and 2014 is summarized below.
 
2015
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenues
$
101,401

 
$
119,063

 
$
111,946

 
$
114,323

Income (loss) from operations
1,437

 
(299,120
)
 
(254,773
)
 
(187,813
)
Income tax expense (benefit)
3,370

 
(116,732
)
 
(81,461
)
 
(6,487
)
Net income (loss)
6,439

 
(211,352
)
 
(156,042
)
 
(186,835
)
Less: Net income attributable to noncontrolling interest
590

 
935

 
739

 
574

Net income (loss) attributable to Diamondback Energy, Inc.
$
5,849

 
$
(212,287
)
 
$
(156,781
)
 
$
(187,409
)
Earnings per common share
 
 
 
 
 
 
 
Basic
$
0.10

 
$
(3.45
)
 
$
(2.40
)
 
$
(2.80
)
Diluted
$
0.10

 
$
(3.45
)
 
$
(2.40
)
 
$
(2.80
)
 
 
 
 
 
 
 
 
 
2014
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenues
$
98,004

 
$
127,004

 
$
139,127

 
$
131,583

Income from operations
48,063

 
63,192

 
63,516

 
37,899

Income tax expense (benefit)
13,601

 
15,163

 
23,978

 
56,243

Net income
23,589

 
27,824

 
44,641

 
99,917

Less: Net income attributable to noncontrolling interest
—

 
71

 
902

 
1,243

Net income attributable to Diamondback Energy, Inc.
$
23,589

 
$
27,753

 
$
43,739

 
$
98,674

Earnings per common share
 
 
 
 
 
 
 
Basic
$
0.49

 
$
0.55

 
$
0.79

 
$
1.74

Diluted
$
0.48

 
$
0.54

 
$
0.79

 
$
1.73