10-Q Filing

DIAMONDBACK ENERGY, INC. CIK: 1539838 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001539838-18-000093`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	fang-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 104 Cash Flow Statement 114 Stockholders Equity 30

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Oil and natural gas properties, amortization excluded	`CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative`	$4.29B	USD	Point-in-time
Oil and natural gas properties, amortization excluded	`CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative`	$4.11B	USD	Point-in-time
Common Stock, Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.67B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$113.93M	USD	Point-in-time
Shares Issued	`CommonStockSharesIssued`	98.62M	shares	Point-in-time
Shares Issued	`CommonStockSharesIssued`	98.17M	shares	Point-in-time
Joint interest and other	`OilAndGasJointInterestBillingReceivablesCurrent`	$91.04M	USD	Point-in-time
Joint interest and other	`OilAndGasJointInterestBillingReceivablesCurrent`	$73.04M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	98.17M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	98.62M	shares	Point-in-time
Oil and natural gas sales	`AccountsReceivableNetCurrent`	$158.57M	USD	Point-in-time
Oil and natural gas sales	`AccountsReceivableNetCurrent`	$167.85M	USD	Point-in-time
Inventories	`InventoryNet`	$9.11M	USD	Point-in-time
Inventories	`InventoryNet`	$13.26M	USD	Point-in-time
Derivative instruments	`DerivativeAssetsCurrent`	$531.00K	USD	Point-in-time
Derivative instruments	`DerivativeAssetsCurrent`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$4.90M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$7.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$358.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$393.35M	USD	Point-in-time
Oil and natural gas properties, full cost method of accounting ($4,286,320 and $4,105,865 excluded from amortization at June 30, 2018 and December 31, 2017, respectively)	`OilAndGasPropertyFullCostMethodGross`	$9.23B	USD	Point-in-time
Oil and natural gas properties, full cost method of accounting ($4,286,320 and $4,105,865 excluded from amortization at June 30, 2018 and December 31, 2017, respectively)	`OilAndGasPropertyFullCostMethodGross`	$10.32B	USD	Point-in-time
Midstream assets	`PipelineandGasGatheringAssets`	$191.52M	USD	Point-in-time
Midstream assets	`PipelineandGasGatheringAssets`	$343.39M	USD	Point-in-time
Other property, equipment and land	`PropertyPlantAndEquipmentOther`	$80.78M	USD	Point-in-time
Other property, equipment and land	`PropertyPlantAndEquipmentOther`	$85.47M	USD	Point-in-time
Accumulated depletion, depreciation, amortization and impairment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.40B	USD	Point-in-time
Accumulated depletion, depreciation, amortization and impairment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.16B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$7.34B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$8.34B	USD	Point-in-time
Funds held in escrow	`DepositsAssetsNoncurrent`	$6.30M	USD	Point-in-time
Funds held in escrow	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$72.05M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Investment in real estate, net	`RealEstateInvestments`	$108.56M	USD	Point-in-time
Investment in real estate, net	`RealEstateInvestments`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$62.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$37.39M	USD	Point-in-time
Total assets	`Assets`	$7.77B	USD	Point-in-time
Total assets	`Assets`	$8.95B	USD	Point-in-time
Accounts payable-trade	`AccountsPayableTradeCurrent`	$73.97M	USD	Point-in-time
Accounts payable-trade	`AccountsPayableTradeCurrent`	$94.59M	USD	Point-in-time
Accrued capital expenditures	`AccruedCapitalExpenditures`	$221.26M	USD	Point-in-time
Accrued capital expenditures	`AccruedCapitalExpenditures`	$369.96M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$94.27M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$92.51M	USD	Point-in-time
Revenues and royalties payable	`DeferredRevenueCurrent`	$77.55M	USD	Point-in-time
Revenues and royalties payable	`DeferredRevenueCurrent`	$68.70M	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesCurrent`	$111.33M	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesCurrent`	$100.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$577.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$727.08M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.48B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.97B	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesNoncurrent`	$6.30M	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesNoncurrent`	$8.51M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$19.54M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$21.78M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$20.12M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$217.48M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$108.05M	USD	Point-in-time
Other long term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$7.00K	USD	Point-in-time
Other long term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$2.94B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.19B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 200,000,000 shares authorized, 98,619,628 issued and outstanding at June 30, 2018; 98,167,289 issued and outstanding at December 31, 2017	`CommonStockValueOutstanding`	$982.00K	USD	Point-in-time
Common stock, $0.01 par value, 200,000,000 shares authorized, 98,619,628 issued and outstanding at June 30, 2018; 98,167,289 issued and outstanding at December 31, 2017	`CommonStockValueOutstanding`	$986.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.31B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.29B	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-37.13M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$323.11M	USD	Point-in-time
Total Diamondback Energy, Inc. stockholders equity	`StockholdersEquity`	$5.25B	USD	Point-in-time
Total Diamondback Energy, Inc. stockholders equity	`StockholdersEquity`	$5.63B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$381.02M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$326.88M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.01B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.58B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.02B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$8.95B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$7.77B	USD	Point-in-time

Income Statement 104 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$504.66M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.01B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$526.27M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$269.43M	USD	1 Quarter
Lease bonus	`Leasebonus`	$928.00K	USD	2 Qtrs
Lease bonus	`Leasebonus`	$928.00K	USD	1 Quarter
Lease bonus	`Leasebonus`	$2.19M	USD	2 Qtrs
Lease bonus	`Leasebonus`	$583.00K	USD	1 Quarter
Other operating income	`OtherOperatingIncome`	-	USD	2 Qtrs
Other operating income	`OtherOperatingIncome`	-	USD	1 Quarter
Other operating income	`OtherOperatingIncome`	$4.47M	USD	2 Qtrs
Other operating income	`OtherOperatingIncome`	$2.42M	USD	1 Quarter
Lease operating expenses	`OperatingLeaseExpense`	$55.62M	USD	2 Qtrs
Lease operating expenses	`OperatingLeaseExpense`	$42.65M	USD	1 Quarter
Lease operating expenses	`OperatingLeaseExpense`	$79.99M	USD	2 Qtrs
Lease operating expenses	`OperatingLeaseExpense`	$28.99M	USD	1 Quarter
Production and ad valorem taxes	`ProductionTaxExpense`	$15.88M	USD	1 Quarter
Production and ad valorem taxes	`ProductionTaxExpense`	$31.60M	USD	2 Qtrs
Production and ad valorem taxes	`ProductionTaxExpense`	$32.20M	USD	1 Quarter
Production and ad valorem taxes	`ProductionTaxExpense`	$59.51M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$245.08M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$75.17M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$129.87M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$134.10M	USD	2 Qtrs
General and administrative expenses (including non-cash equity-based compensation, net of capitalized amounts, of $5,650 and $6,168 for the three months ended June 30, 2018 and 2017, respectively, and $13,101 and $13,231 for the six months ended June 30, 2018 and 2017, respectively)	`SellingGeneralAndAdministrativeExpense`	$11.89M	USD	1 Quarter
General and administrative expenses (including non-cash equity-based compensation, net of capitalized amounts, of $5,650 and $6,168 for the three months ended June 30, 2018 and 2017, respectively, and $13,101 and $13,231 for the six months ended June 30, 2018 and 2017, respectively)	`SellingGeneralAndAdministrativeExpense`	$30.85M	USD	2 Qtrs
General and administrative expenses (including non-cash equity-based compensation, net of capitalized amounts, of $5,650 and $6,168 for the three months ended June 30, 2018 and 2017, respectively, and $13,101 and $13,231 for the six months ended June 30, 2018 and 2017, respectively)	`SellingGeneralAndAdministrativeExpense`	$14.53M	USD	1 Quarter
General and administrative expenses (including non-cash equity-based compensation, net of capitalized amounts, of $5,650 and $6,168 for the three months ended June 30, 2018 and 2017, respectively, and $13,101 and $13,231 for the six months ended June 30, 2018 and 2017, respectively)	`SellingGeneralAndAdministrativeExpense`	$25.64M	USD	2 Qtrs
Asset retirement obligation accretion	`AssetRetirementObligationAccretionExpense`	$720.00K	USD	2 Qtrs
Asset retirement obligation accretion	`AssetRetirementObligationAccretionExpense`	$365.00K	USD	1 Quarter
Asset retirement obligation accretion	`AssetRetirementObligationAccretionExpense`	$673.00K	USD	2 Qtrs
Asset retirement obligation accretion	`AssetRetirementObligationAccretionExpense`	$350.00K	USD	1 Quarter
Other operating expense	`OtherCostAndExpenseOperating`	-	USD	2 Qtrs
Other operating expense	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Other operating expense	`OtherCostAndExpenseOperating`	$1.48M	USD	2 Qtrs
Other operating expense	`OtherCostAndExpenseOperating`	$946.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$255.95M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$244.97M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$137.13M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$457.52M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$248.72M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$132.31M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$548.95M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$281.30M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-17.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-8.24M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-30.80M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-20.47M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncome`	$87.21M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncome`	$8.32M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$84.47M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$9.47M	USD	2 Qtrs
Gain (loss) on derivative instruments, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-58.59M	USD	1 Quarter
Gain (loss) on derivative instruments, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$71.02M	USD	2 Qtrs
Gain (loss) on derivative instruments, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-90.93M	USD	2 Qtrs
Gain (loss) on derivative instruments, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$33.32M	USD	1 Quarter
Gain on revaluation of investment	`GainLossOnInvestments`	$4.46M	USD	1 Quarter
Gain on revaluation of investment	`GainLossOnInvestments`	$5.36M	USD	2 Qtrs
Gain on revaluation of investment	`GainLossOnInvestments`	-	USD	1 Quarter
Gain on revaluation of investment	`GainLossOnInvestments`	-	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$33.40M	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$60.02M	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-29.16M	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$13.25M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$308.74M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$519.79M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$165.71M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$294.56M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-6.61M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$1.58M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$3.54M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$40.47M	USD	2 Qtrs
Net income	`ProfitLoss`	$164.13M	USD	1 Quarter
Net income	`ProfitLoss`	$305.20M	USD	2 Qtrs
Net income	`ProfitLoss`	$479.32M	USD	2 Qtrs
Net income	`ProfitLoss`	$301.16M	USD	1 Quarter
Net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$10.52M	USD	2 Qtrs
Net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.72M	USD	1 Quarter
Net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$97.36M	USD	2 Qtrs
Net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$82.02M	USD	1 Quarter
Net income attributable to Diamondback Energy, Inc.	`NetIncomeLoss`	$158.41M	USD	1 Quarter
Net income attributable to Diamondback Energy, Inc.	`NetIncomeLoss`	$219.15M	USD	1 Quarter
Net income attributable to Diamondback Energy, Inc.	`NetIncomeLoss`	$294.68M	USD	2 Qtrs
Net income attributable to Diamondback Energy, Inc.	`NetIncomeLoss`	$381.96M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.61	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.87	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.22	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.08	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.22	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.87	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.07	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.61	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	98.58M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	98.14M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	98.61M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	95.67M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.92M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.35M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.82M	shares	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	-	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.25	USD	2 Qtrs

Cash Flow Statement 114 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$164.13M	USD	1 Quarter
Net income	`ProfitLoss`	$305.20M	USD	2 Qtrs
Net income	`ProfitLoss`	$479.32M	USD	2 Qtrs
Net income	`ProfitLoss`	$301.16M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$39.97M	USD	2 Qtrs
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.33M	USD	2 Qtrs
Asset retirement obligation accretion	`AssetRetirementObligationAccretionExpense`	$720.00K	USD	2 Qtrs
Asset retirement obligation accretion	`AssetRetirementObligationAccretionExpense`	$365.00K	USD	1 Quarter
Asset retirement obligation accretion	`AssetRetirementObligationAccretionExpense`	$673.00K	USD	2 Qtrs
Asset retirement obligation accretion	`AssetRetirementObligationAccretionExpense`	$350.00K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionandAmortizationExcludingAmortizationofFinancingCosts`	$245.08M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionandAmortizationExcludingAmortizationofFinancingCosts`	$134.10M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.43M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.81M	USD	2 Qtrs
Change in fair value of derivative instruments	`DerivativeGainLossOnDerivativeNet`	$-13.71M	USD	2 Qtrs
Change in fair value of derivative instruments	`DerivativeGainLossOnDerivativeNet`	$68.01M	USD	2 Qtrs
Change in fair value of derivative instruments	`DerivativeGainLossOnDerivativeNet`	$28.64M	USD	1 Quarter
Change in fair value of derivative instruments	`DerivativeGainLossOnDerivativeNet`	$-13.67M	USD	1 Quarter
Income from equity investment	`IncomeLossFromEquityMethodInvestments`	$156.00K	USD	2 Qtrs
Income from equity investment	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Gain on revaluation of investment	`GainLossonRevaluationofInvestments`	$-5.36M	USD	2 Qtrs
Gain on revaluation of investment	`GainLossonRevaluationofInvestments`	-	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$13.23M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$13.10M	USD	2 Qtrs
Loss (gain) on sale of assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.12M	USD	2 Qtrs
Loss (gain) on sale of assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$67.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.07M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$36.14M	USD	2 Qtrs
Accounts receivable-related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-289.00K	USD	2 Qtrs
Accounts receivable-related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	-	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-500.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.06M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$17.98M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.97M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.93M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$26.78M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.30M	USD	2 Qtrs
Accounts payable and accrued liabilities-related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-2.00K	USD	2 Qtrs
Accounts payable and accrued liabilities-related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-11.95M	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-7.76M	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-358.00K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.02M	USD	2 Qtrs
Revenues and royalties payable	`IncreaseDecreaseInDeferredRevenue`	$8.85M	USD	2 Qtrs
Revenues and royalties payable	`IncreaseDecreaseInDeferredRevenue`	$28.64M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$764.35M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$394.43M	USD	2 Qtrs
Additions to oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$291.77M	USD	2 Qtrs
Additions to oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$650.06M	USD	2 Qtrs
Additions to midstream assets	`PaymentsToAcquireOilAndGasEquipment`	$94.50M	USD	2 Qtrs
Additions to midstream assets	`PaymentsToAcquireOilAndGasEquipment`	$4.44M	USD	2 Qtrs
Purchase of other property, equipment and land	`PaymentsToAcquireOtherProductiveAssets`	$13.82M	USD	2 Qtrs
Purchase of other property, equipment and land	`PaymentsToAcquireOtherProductiveAssets`	$3.98M	USD	2 Qtrs
Acquisition of leasehold interests	`PaymentsToAcquireOilAndGasProperty`	$1.86B	USD	2 Qtrs
Acquisition of leasehold interests	`PaymentsToAcquireOilAndGasProperty`	$101.22M	USD	2 Qtrs
Acquisition of mineral interests	`PaymentsToAcquireMineralRights`	$122.68M	USD	2 Qtrs
Acquisition of mineral interests	`PaymentsToAcquireMineralRights`	$253.10M	USD	2 Qtrs
Acquisition of midstream assets	`PaymentstoAcquireMidstreamAssets`	$50.28M	USD	2 Qtrs
Acquisition of midstream assets	`PaymentstoAcquireMidstreamAssets`	-	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.29M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.88M	USD	2 Qtrs
Investment in real estate	`PaymentsToAcquireRealEstateAndRealEstateJointVentures`	-	USD	2 Qtrs
Investment in real estate	`PaymentsToAcquireRealEstateAndRealEstateJointVentures`	$110.48M	USD	2 Qtrs
Investment in real estate	`PaymentsToAcquireRealEstateAndRealEstateJointVentures`	$109.70M	USD	1 Quarter
Funds held in escrow	`IncreaseDecreaseInDepositOtherAssets`	$-10.99M	USD	2 Qtrs
Funds held in escrow	`IncreaseDecreaseInDepositOtherAssets`	$-121.39M	USD	2 Qtrs
Equity investments	`PaymentsToAcquireEquityMethodInvestments`	$188.00K	USD	2 Qtrs
Equity investments	`PaymentsToAcquireEquityMethodInvestments`	$125.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.22B	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.20B	USD	2 Qtrs
Proceeds from borrowings under credit facility	`ProceedsFromLinesOfCredit`	$569.00M	USD	2 Qtrs
Proceeds from borrowings under credit facility	`ProceedsFromLinesOfCredit`	$266.00M	USD	2 Qtrs
Repayment under credit facility	`RepaymentsOfLinesOfCredit`	$388.00M	USD	2 Qtrs
Repayment under credit facility	`RepaymentsOfLinesOfCredit`	$221.00M	USD	2 Qtrs
Proceeds from senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	2 Qtrs
Proceeds from senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$312.00M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$4.38M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.60M	USD	2 Qtrs
Public offering costs	`PaymentsOfStockIssuanceCosts`	$2.29M	USD	2 Qtrs
Public offering costs	`PaymentsOfStockIssuanceCosts`	$296.00K	USD	2 Qtrs
Proceeds from public offerings	`ProceedsFromIssuanceOfCommonStock`	$147.72M	USD	2 Qtrs
Proceeds from public offerings	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$358.00K	USD	2 Qtrs
Dividends to stockholders	`PaymentsOfDividendsCommonStock`	-	USD	2 Qtrs
Dividends to stockholders	`PaymentsOfDividendsCommonStock`	$12.33M	USD	2 Qtrs
Distributions to non-controlling interest	`PaymentsToMinorityShareholders`	$38.29M	USD	2 Qtrs
Distributions to non-controlling interest	`PaymentsToMinorityShareholders`	$14.12M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$435.72M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$177.06M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.65B	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.65B	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.48M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$112.45M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.67B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.59M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$113.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$112.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.67B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.59M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$113.93M	USD	Point-in-time
Interest paid, net of capitalized interest	`InterestPaidNet`	$26.50M	USD	2 Qtrs
Interest paid, net of capitalized interest	`InterestPaidNet`	$44.20M	USD	2 Qtrs
Change in accrued capital expenditures	`IncreaseDecreaseinAccruedCapitalExpenditures`	$148.70M	USD	2 Qtrs
Change in accrued capital expenditures	`IncreaseDecreaseinAccruedCapitalExpenditures`	$93.42M	USD	2 Qtrs
Capitalized stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$4.99M	USD	2 Qtrs
Capitalized stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$4.24M	USD	2 Qtrs
Capitalized stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$1.90M	USD	1 Quarter
Capitalized stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$2.35M	USD	1 Quarter
Common stock issued for oil and natural gas properties	`NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1`	0.00	shares	2 Qtrs
Common stock issued for oil and natural gas properties	`NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1`	809.17M	shares	2 Qtrs
Asset retirement obligations acquired	`AssetRetirementObligationLiabilitiesAcquired`	$39.00K	USD	2 Qtrs
Asset retirement obligations acquired	`AssetRetirementObligationLiabilitiesAcquired`	$2.18M	USD	2 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.01B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.58B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.02B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Balance at beginning of period, shares	`CommonStockSharesOutstanding`	98.17M	shares	Point-in-time
Balance at beginning of period, shares	`CommonStockSharesOutstanding`	98.62M	shares	Point-in-time
Net proceeds from issuance of common units - Viper Energy Partners LP	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$147.49M	USD	2 Qtrs
Impact of adoption of ASU 2016-01, net of tax	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-16.06M	USD	Point-in-time
Unit-based compensation	`NoncontrollingInterestIncreasefromUnitbasedCompensation`	$1.74M	USD	2 Qtrs
Unit-based compensation	`NoncontrollingInterestIncreasefromUnitbasedCompensation`	$1.54M	USD	2 Qtrs
Common units issued for acquisition	`NoncontrollingInterestUnitsIssuedDuringthePeriodPursuanttoAcquisitions`	$3.05M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.94M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.35M	USD	2 Qtrs
Distribution to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$38.29M	USD	2 Qtrs
Distribution to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$14.12M	USD	2 Qtrs
Common shares issued in public offering, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$14.00K	USD	2 Qtrs
Common shares issued for acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$809.17M	USD	2 Qtrs
Dividend paid	`DividendsCommonStockCash`	$12.33M	USD	2 Qtrs
Exercise of stock options and vesting of restricted stock units	`StockIssuedDuringPeriodValueShareBasedCompensation`	$358.00K	USD	2 Qtrs
Exercise of stock options and vesting of restricted stock units	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	2 Qtrs
Net income	`ProfitLoss`	$164.13M	USD	1 Quarter
Net income	`ProfitLoss`	$305.20M	USD	2 Qtrs
Net income	`ProfitLoss`	$479.32M	USD	2 Qtrs
Net income	`ProfitLoss`	$301.16M	USD	1 Quarter
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.01B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.58B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.02B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Balance at end of period, shares	`CommonStockSharesOutstanding`	98.17M	shares	Point-in-time
Balance at end of period, shares	`CommonStockSharesOutstanding`	98.62M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.