Diamondback Energy (FANG) Capital Expenditures (2011 - 2026)
Diamondback Energy's Capital Expenditures was $996 million in Q2 2026, down 66.0% from $2.93 billion a year earlier but up 6.8% from the prior quarter.
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Analysis
Diamondback Energy (FANG) Capital Expenditures (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Diamondback Energy's Capital Expenditures was $3.99 billion through Jun 30, 2026, down 65.4% year-over-year; for FY2025, it was $5.94 billion, down 33.4% from FY2024.
- Capital Expenditures shows a five-year compound annual growth rate of 28.1% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $8.92 billion in FY2024 (+230.2%), $2.7 billion in FY2023 (+39.4%), $1.94 billion in FY2022 (+33.0%) and $1.46 billion in FY2021 (-15.2%).
- Quarterly Capital Expenditures has moved between $385 million (Q3 2021) and $6.75 billion (Q3 2024) over five years.
- Compared with a year earlier, Capital Expenditures has declined for four straight quarters, with growth averaging 133.9% over the last eight quarters.
- The best year-over-year quarter for Capital Expenditures over five years was Q3 2024 (growth of 800.9%); the worst was Q3 2025 (a decline of 77.2%).
- Per Business Quant data, FANG's Capital Expenditures in the three quarters before Q2 2026 was $933 million (Q1 2026), $527 million (Q4 2025) and $1.54 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 744.85 Bn | 701.33 Bn | - | 6.53 Bn |
| 2 | Chevron | 442.63 Bn | 414.75 Bn | 33.45 Bn | 4.54 Bn |
| 3 | Shell | 309.21 Bn | 238.95 Bn | 30.13 Bn | 80.60 Bn |
| 4 | TotalEnergies SE | 197.75 Bn | 78.34 Bn | 61.77 Bn | 4.23 Bn |
| 5 | Conocophillips | 176.36 Bn | 149.07 Bn | 12.81 Bn | 3.02 Bn |
| 6 | Equinor Asa | 119.82 Bn | 34.28 Bn | - | 2.87 Bn |
| 7 | Phillips 66 | 116.79 Bn | 104.58 Bn | 8.38 Bn | 726.00 Mn |
| 8 | Canadian Natural Resources | 113.45 Bn | 110.46 Bn | 8.84 Bn | -1.72 Bn |
| 9 | Suncor Energy | 95.66 Bn | 81.41 Bn | - | -1.35 Bn |
| 10 | Diamondback Energy | 57.03 Bn | 56.13 Bn | - | 1.43 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.43 Bn |
| Mar 31, 2026 | 1.25 Bn |
| Dec 31, 2025 | 1.47 Bn |
| Sep 30, 2025 | 2.31 Bn |
| Jun 30, 2025 | 3.99 Bn |
| Mar 31, 2025 | 1.69 Bn |
| Dec 31, 2024 | 1.86 Bn |
| Sep 30, 2024 | 8.48 Bn |
| Jun 30, 2024 | 687.00 Mn |
| Mar 31, 2024 | 762.00 Mn |
| Dec 31, 2023 | 1.47 Bn |
| Sep 30, 2023 | 852.00 Mn |
| Jun 30, 2023 | 856.00 Mn |
| Mar 31, 2023 | 1.54 Bn |
| Dec 31, 2022 | 1.59 Bn |
| Sep 30, 2022 | 745.00 Mn |
| Jun 30, 2022 | 553.00 Mn |
| Mar 31, 2022 | 721.00 Mn |
| Dec 31, 2021 | 767.00 Mn |
| Sep 30, 2021 | 424.00 Mn |
API Access
Diamondback Energy Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=FANG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "FANG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=FANG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();