How did Diamondback Energy's revenue and expenses shift in Q4 2024 compared to previous quarters?

Diamondback Energy's revenue and expenses in Q4 2024 showed a significant increase compared to the previous quarter, Q3 2024:

1. Revenue Shift: The total revenue for Q4 2024 was $11.07 billion, which is a substantial increase from the $7.36 billion reported in Q3 2024. This indicates a strong revenue recovery or growth period for the company.
2. Expense Shift: Similarly, the total expenses for Q4 2024 were $2.23 billion, up from $1.71 billion in Q3 2024. This suggests that while expenses were increasing, they were not growing at a faster rate than revenue, which is a positive sign for profitability.
3. Comparison with Q2 and Q3: When compared to Q2 2024, which had total revenues of $4.71 billion and total expenses of $2.16 billion, Q4 2024 showed a significant improvement in both revenue and expenses. This implies that the period from Q2 to Q4 was a strong performance for the company.
4. Growth Trend: The trend of increasing revenue and expenses suggests that Diamondback Energy may be expanding its operations or increasing production, which could be a strategic move to capitalize on market opportunities or recover from any downturns.