Diamondback Energy (FANG) 10-K Summaries & Annual Filing History
Review Diamondback Energy, Inc. (FANG) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Diamondback Energy, Inc. filed its annual report for the latest fiscal year. The company reported strong revenue and operating cash flow, and plans capital expenditures focused on free cash flow and debt reduction.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$15B
Revenue reported for the fiscal year.
Operating income
$1.3B
Income from operations reported for the year.
Net income
$1.7B
Net income reported for the year.
Operating cash flow
$8.8B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $9.6B | +41.9% |
| Dec 31, 2023 | $8.4B | -12.8% |
| Dec 31, 2024 | $11.1B | +31.6% |
| Dec 31, 2025 | $15B | +35.8% |
Business overview
Diamondback Energy is an independent oil and natural gas company engaged in the acquisition, development, and exploration of properties. Its revenue is generated from the sale of oil, natural gas, and natural gas liquids, primarily from operations in the Permian Basin.
Financial performance
Revenue showed an increase compared to the prior year. Operating income and net income were positive, and operating cash flow was strong.
Material risks
The company faces risks from volatile commodity prices, which are beyond its control. Future cash flows depend on production levels and market conditions. Additionally, significant capital expenditures are needed for property development.
Liquidity and capital
Liquidity is supported by cash and a credit facility, with capital spending planned for the upcoming year to prioritize free cash flow and debt reduction.
What to watch
Monitor the management of upcoming debt maturities in the next twelve months.