Diamondback Energy Inc
FANG—
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Diamondback Energy Inc AI Insights
Informational only. Not investment advice.Snapshot
- Capex of 9.9B TTM (64% of revenue) drove negative FCF (-1.1B) despite 8.8B operating cash flow - aggressive growth mode[Capital Expenditure TTM]
- Operating margin 36.5% TTM vs industry median 18% - 2x cost advantage from Permian Basin scale[Operating Margin TTM]
- 5Y EPS CAGR 38.6% vs revenue CAGR 40.3% - earnings tracking production growth, no margin expansion[EPS Growth 5yr]
Watch Triggers
- Capital Expenditure TTM: Drops below 6B annually — Signals capex cycle peak passed, FCF inflection imminent
- Free Cash Flow TTM: Turns positive for 2 consecutive quarters — Validates thesis that growth spend is temporary, not structural
- Operating Margin TTM: Falls below 30% — Would indicate cost inflation or pricing pressure eroding Permian advantage
Bull Case
EBITDA of 10.8B TTM at 70% margin provides massive cushion - covers interest 30x and supports 3.90/share dividend even in downturn
EBITDA TTMInterest Expense TTMDividends Paid Per Share TTM
P/B of 1.16 vs P/E 11.3 on 39B tangible book - paying near asset value for top-tier Permian acreage
PB RatioPE RatioTangible Book Value
Bear Case
Negative working capital (-1.6B) with only 159M cash creates liquidity risk if oil prices drop sharply during heavy capex cycle
Working CapitalCash and EquivalentsCapital Expenditure TTM
16.2B total debt (0.42 D/E) elevated vs 159M cash - refinancing risk if rates stay high and oil weakens
Total DebtDebt to EquityCash and Equivalents
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Capex cycle peak in 2024 should normalize FCF positive by 2025-2026
1-3ymed
- 9.9B capex TTM is 4.5x industry median pace
- Doublepoint/Endeavor integrations completing
- Permian inventory supports 15+ years at current pace
FCF was -1.1B TTM vs 8.8B operating CFDebt/equity 0.42 provides balance sheet cushionEBITDA 10.8B covers 353M interest 30x
Valuation Context
Caveats
FANG Fundamentals
Mining, Quarrying, and Oil and Gas Extraction → Oil and Gas Extraction
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$55.18B | — | ||
$68.9B | — | ||
200 | — | ||
$15.11B | +17.7% | — | |
$0.98 | -30.4% | — | |
31.5% | -9.6% | — | |
1.88% | -29.1% | — | |
$-785.0M | — | ||
0.76% | -13.6% | — | |
Beta 5Y (Monthly) | unknown | — |
FANG Dividend History
34 dividends
2026
$2.150005/14/26$1.1000
03/05/26$1.0500
2025
$4.000011/13/25$1.0000
08/14/25$1.0000
05/15/25$1.0000
03/06/25$1.0000
2024
$8.290011/14/24$0.9000
08/15/24$2.3400
05/14/24$1.9700
03/04/24$3.0800
2023
$7.990011/15/23$3.3700
08/09/23$0.8400
05/10/23$0.8300
03/02/23$2.9500
2022
$8.960011/16/22$2.2600
08/15/22$3.0500
05/11/22$3.0500
03/03/22$0.6000
2021
$2.250011/10/21$0.5000
11/09/21$0.5000
08/11/21$0.4500
05/12/21$0.4000
03/03/21$0.4000
2020
$1.500011/10/20$0.3750
08/12/20$0.3750
05/13/20$0.3750
03/02/20$0.3750
2019
$0.687511/14/19$0.1875
08/15/19$0.1875
05/24/19$0.1875
02/20/19$0.1250
2018
$0.375011/16/18$0.1250
08/17/18$0.1250
05/18/18$0.1250
FANG Stock Splits
No stock splits
FANG SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/06/26 | 03/31/26 | 10-Q | |
02/25/26 | 12/31/25 | 10-K | |
11/05/25 | 09/30/25 | 10-Q | |
08/06/25 | 06/30/25 | 10-Q | |
05/07/25 | 03/31/25 | 10-Q | |
02/26/25 | 12/31/24 | Unknown | |
11/07/24 | 09/30/24 | 10-Q | |
08/07/24 | 06/30/24 | 10-Q | |
05/02/24 | 03/31/24 | 10-Q | |
02/22/24 | 12/31/23 | 10-K | |
11/08/23 | 09/30/23 | 10-Q | |
08/03/23 | 06/30/23 | 10-Q | |
05/03/23 | 03/31/23 | 10-Q | |
02/23/23 | 12/31/22 | 10-K | |
11/08/22 | 09/30/22 | 10-Q | |
08/03/22 | 06/30/22 | 10-Q | |
05/05/22 | 03/31/22 | 10-Q | |
02/24/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/05/21 | 06/30/21 | 10-Q | |
05/07/21 | 03/31/21 | 10-Q | |
02/25/21 | 12/31/20 | 10-K | |
11/05/20 | 09/30/20 | 10-Q | |
08/10/20 | 06/30/20 | 10-Q | |
05/08/20 | 03/31/20 | 10-Q | |
02/27/20 | 12/31/19 | 10-K | |
11/06/19 | 09/30/19 | 10-Q | |
08/09/19 | 06/30/19 | 10-Q | |
05/10/19 | 03/31/19 | 10-Q | |
02/25/19 | 12/31/18 | 10-K | |
11/07/18 | 09/30/18 | 10-Q | |
08/09/18 | 06/30/18 | 10-Q | |
05/10/18 | 03/31/18 | 10-Q | |
02/15/18 | 12/31/17 | 10-K | |
11/07/17 | 09/30/17 | 10-Q | |
08/02/17 | 06/30/17 | 10-Q | |
05/04/17 | 03/31/17 | 10-Q | |
02/15/17 | 12/31/16 | 10-K | |
11/08/16 | 09/30/16 | 10-Q | |
08/09/16 | 06/30/16 | 10-Q | |
05/05/16 | 03/31/16 | 10-Q | |
02/19/16 | 12/31/15 | 10-K | |
11/06/15 | 09/30/15 | 10-Q | |
08/10/15 | 06/30/15 | 10-Q | |
05/07/15 | 03/31/15 | 10-Q | |
02/20/15 | 12/31/14 | 10-K | |
11/06/14 | 09/30/14 | 10-Q | |
08/07/14 | 06/30/14 | 10-Q | |
05/09/14 | 03/31/14 | 10-Q | |
02/19/14 | 12/31/13 | 10-K | |
11/05/13 | 09/30/13 | 10-Q | |
08/08/13 | 06/30/13 | 10-Q | |
05/09/13 | 03/31/13 | 10-Q | |
03/01/13 | 12/31/12 | 10-K | |
11/16/12 | 09/30/12 | 10-Q | |
10/15/12 | 06/30/12 | 424B4 | |
06/11/12 | 03/31/12 | S-1/A | |
10/15/12 | 12/31/11 | 424B4 | |
02/14/12 | 09/30/11 | S-1 | |
06/30/11 | 06/30/11 | Unknown | -- |
06/11/12 | 03/31/11 | S-1/A | |
02/14/12 | 12/31/10 | S-1 |