Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (Unaudited)

The Company’s unaudited quarterly financial data for 2018 and 2017 is summarized below.

	2018
	First Quarter		Second Quarter			Third Quarter		Fourth Quarter
Revenues	$	480,195	$	526,273		$	538,029	$	631,759
Income from operations	267,646		281,303			266,851		194,988
Income tax expense (benefit)	47,081		(6,607		)	42,276		85,612
Net income	178,154		301,164			159,417		306,160
Net income (loss) attributable to non-controlling interest	15,342		82,018			2,363		(500		)
Net income attributable to Diamondback Energy, Inc.	$	162,812	$	219,146		$	157,054	$	306,660
Earnings per common share
Basic	$	1.65	$	2.22		$	1.59	$	2.50
Diluted	$	1.65	$	2.22		$	1.59	$	2.50
	2017
	First Quarter		Second Quarter			Third Quarter		Fourth Quarter
Revenues	$	235,230	$	269,434		$	301,253	$	399,194
Income from operations	116,410		132,308			142,639		213,663
Income tax expense (benefit)	1,957		1,579			857		(23,961		)
Net income	141,074		164,128			81,948		129,607
Net income attributable to non-controlling interest	4,801		5,723			8,924		15,048
Net income attributable to Diamondback Energy, Inc.	$	136,273	$	158,405		$	73,024	$	114,559
Earnings per common share
Basic	$	1.46	$	1.61		$	0.74	$	1.17
Diluted	$	1.46	$	1.61		$	0.74	$	1.16