FANG · 10-Q · 2026Q2 · Full report
Operating Cash Flow Trends
Diamondback Energy, Inc. · 2026-08-05 · Importance 64 · Surprise 56 · No source text
Six-month 2026 net cash provided by operating activities increased to $5.417 billion from $4.032 billion in the first six months of 2025. The $1.385 billion improvement occurred despite six-month net income declining to $2.199 billion from $2.230 billion, supported by $2.565 billion of depreciation, depletion, amortization and accretion and the $1.4 billion impairment charge. Cash generated from operations funded $1.929 billion of additions to oil and natural gas properties and $2.053 billion of total investing outflows. Financing activities used $3.006 billion of cash during the period after $8.047 billion of debt repayments and share repurchases.
Key facts
- Net cash provided by operating activities for the six months ended June 30, 2026: $5,417 million (compared to $4,032 million for the six months ended June 30, 2025). source
- Increase in operating cash flows for the six months ended June 30, 2026 compared to 2025 primarily resulted from $1.7 billion in additional revenues (excluding sales of purchased oil), $198 million increase in cash received on settlements of derivatives, and $98 million decrease in cash paid for taxes, partially offset by $295 million changes in working capital and $241 million higher cash operating expenses. source
- Net cash used in financing activities for the six months ended June 30, 2026: $(3,006) million (compared to $1,657 million provided in 2025). source
- Net cash provided by operating activities, six months ended June 30, 2026: $5,417 million source
- Net cash used in investing activities for the six months ended June 30, 2026: $(2,053) million (compared to $(5,632) million in 2025). source
- The Company recorded accrued capital expenditures included in accounts payable and accrued expenses of $1,022 million for the six months ended June 30, 2026. source
- Net increase (decrease) in cash for the six months ended June 30, 2026 is not fully shown in truncated table but net cash provided/(used) lines are presented: Net cash provided by operating $5,417, investing $(2,053), financing $(3,006). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +30.6% | Increase in operating cash flows for the six months ended June 30, 2026 compared to 2025 primarily resulted from $1.7 billion in… |
| cash | positive | realized | +7.7% | Net increase (decrease) in cash for the six months ended June 30, 2026 is not fully shown in truncated table but net cash provided/(used)… |
| cash | negative | realized | -6.6% | Net cash used in financing activities for the six months ended June 30, 2026: $(3,006) million (compared to $1,657 million provided in… |
| cash | positive | realized | +5.1% | Net cash used in investing activities for the six months ended June 30, 2026: $(2,053) million (compared to $(5,632) million in 2025). |
| cash | negative | realized | -2.9% | Net increase (decrease) in cash for the six months ended June 30, 2026 is not fully shown in truncated table but net cash provided/(used)… |
| liability | negative | realized | -1.5% | The Company recorded accrued capital expenditures included in accounts payable and accrued expenses of $1,022 million for the six months… |
| cash | negative | realized | -0.4% | Increase in operating cash flows for the six months ended June 30, 2026 compared to 2025 primarily resulted from $1.7 billion in… |
| cash | negative | realized | -0.3% | Increase in operating cash flows for the six months ended June 30, 2026 compared to 2025 primarily resulted from $1.7 billion in… |
| cash | positive | realized | +0.3% | Increase in operating cash flows for the six months ended June 30, 2026 compared to 2025 primarily resulted from $1.7 billion in… |
| cash | positive | realized | +0.1% | Increase in operating cash flows for the six months ended June 30, 2026 compared to 2025 primarily resulted from $1.7 billion in… |