Diamondback Energy, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
FANG$178.08-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (In millions) | |||
| Cash flows from operating activities: | |||
| Net income (loss) | $1,547 | $3,701 | $3,336 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Provision for (benefit from) deferred income taxes | (519) | 15 | 378 |
| Depreciation, depletion, amortization and accretion | 5,038 | 2,850 | 1,746 |
| Impairment of oil and natural gas properties | 3,652 | — | — |
| (Gain) loss on extinguishment of debt | (56) | (2) | 4 |
| (Gain) loss on derivative instruments, net | (341) | (137) | 259 |
| Cash received (paid) on settlement of derivative instruments | 181 | (51) | (110) |
| Other | (430) | 133 | 11 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 386 | (42) | (71) |
| Accounts payable and accrued liabilities | (343) | (376) | 57 |
| Income taxes payable | (399) | 87 | (5) |
| Revenues and royalties payable | 15 | 168 | 123 |
| Other | 27 | 67 | 192 |
| Net cash provided by (used in) operating activities | 8,758 | 6,413 | 5,920 |
| Cash flows from investing activities: | |||
| Additions to oil and natural gas properties | (3,523) | (2,867) | (2,701) |
| Property acquisitions | (5,938) | (8,920) | (2,013) |
| Proceeds from sale of assets | 1,670 | 467 | 1,407 |
| Other | (18) | 99 | (16) |
| Net cash provided by (used in) investing activities | (7,809) | (11,221) | (3,323) |
| Cash flows from financing activities: | |||
| Proceeds from debt | 15,042 | 9,875 | 5,179 |
| Repayment of debt | (13,467) | (3,502) | (4,802) |
| Repurchased shares under repurchase program | (1,705) | (959) | (840) |
| Repurchased shares - related party | (305) | — | — |
| Proceeds from partial sale of investment in Viper | — | 451 | — |
| Net proceeds from Viper’s issuance of common stock | 1,232 | 476 | — |
| Dividends paid to stockholders | (1,156) | (1,578) | (1,444) |
| Dividends/distributions to non-controlling interest | (382) | (227) | (129) |
| Other | (266) | (149) | (140) |
| Net cash provided by (used in) financing activities | (1,007) | 4,387 | (2,176) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (58) | (421) | 421 |
| Cash, cash equivalents and restricted cash at beginning of period | 164 | 585 | 164 |
| Cash, cash equivalents and restricted cash at end of period | $106 | $164 | $585 |
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