Diamondback Energy, Inc.
FANG Energy Oil & Gas E&P
Diamondback Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.0 billion, up 35.8% from fiscal 2024. In the quarter to June 2026, revenue grew 51.2%, EPS grew 179.4%, free cash flow grew 219.2% and total debt fell 16.6%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100.
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Diamondback Energy, Inc. (FANG) Free cash flow
Diamondback Energy, Inc.'s free cash flow for fiscal 2025 was $6.9B, up 72.1% from $4.0B in fiscal 2024. Over the twelve months to 30 June 2026 it was $8.8B. Over the past ten years it has ranged from −$37.4M (fiscal 2016) to $6.9B (fiscal 2025) — the current reading is the highest in ten years. Diamondback Energy, Inc. ranks 2nd of 67 Oil & Gas E&P companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $6.9B | 72.07% |
| FY2024 | $4.0B | (13.25%) |
| FY2023 | $4.6B | (1.87%) |
| FY2022 | $4.7B | 43.85% |
| FY2021 | $3.3B | 77.81% |
| FY2020 | $1.8B | (34.06%) |
| FY2019 | $2.8B | — |
| FY2018 | −$20.0M | — |
| FY2017 | $21.0M | — |
| FY2016 | −$37.4M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $2.6B | 76.52% |
| Mar 2026 | $1.5B | (45.61%) |
| Dec 2025 | $2.8B | 47.70% |
| Sep 2025 | $1.9B | 125.09% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| FANG Diamondback Energy, Inc. | $8.8B |
| EOG EOG Resources, Inc. compare | $6.8B |
| OXY Occidental Petroleum Corporation compare | $5.7B |
| EQT EQT Corporation compare | $3.8B |
| EXE Expand Energy Corporation compare | $2.6B |
| DVN Devon Energy Corporation compare | $1.6B |
| PR Permian Resources Corporation compare | $1.1B |
| TPL Texas Pacific Land Corporation compare | $385.1M |
| WDS Woodside Energy Group Ltd compare | −$1.7B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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