Diamondback Energy

For 2025, Diamondback produced about 8.76 billion dollars of operating cash flow against 3.52 billion dollars of cash capex, yielding roughly 5.24 billion dollars of owner free cash flow.

Liquidity was 2.6 billion dollars at 2025 year‑end with 2.5 billion dollars undrawn on the revolver; the company also increased its buyback authorization to 8.0 billion dollars and aims to reduce net debt to around 10 billion dollars over time.

Consolidated total net debt was ~14.6 billion dollars at December 31, 2025, a level serviceable against current cash generation but still meaningful for a cyclical business. Upcoming maturities (763 million dollars in next 12 months) appear manageable.