Diamondback Energy (FANG) Invested Capital (2011 - 2026)
Diamondback Energy's (FANG) quarterly Invested Capital came in at $56.6 billion in Q2 2026, down 2.31% on a YoY basis from $58.0 billion in Q2 2025, and little changed quarter-over-quarter from $56.6 billion in Q1 2026.
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Analysis
Diamondback Energy (FANG) Invested Capital (2011 - 2026) Analysis & Trends
Diamondback Energy (FANG) has reported Invested Capital for 16 consecutive years, with $56.6 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital fell 2.31% year-over-year to $56.6 billion; the trailing twelve-month figure through Jun 2026 stood at $56.6 billion (down 2.31% YoY), and the FY2025 full-year result was $57.5 billion, up 8.68% from the prior year.
- Invested Capital held at $56.6 billion in Q2 2026 per FANG's latest filing, from $56.6 billion in the prior quarter.
- Across five years, Invested Capital topped out at $61.9 billion in Q3 2025 and bottomed at $20.0 billion in Q3 2022.
- Historically, Invested Capital has averaged $37.9 billion across 5 years, with a median of $27.7 billion in 2024.
- The sharpest annual moves came in 2025 and 2026: Invested Capital soared 125.16% in 2025, then decreased 2.31% in 2026.
- Over 5 years, Invested Capital stood at $22.0 billion in 2022, then rose by 9.88% to $24.2 billion in 2023, then jumped by 118.9% to $52.9 billion in 2024, then gained by 8.68% to $57.5 billion in 2025, then slipped by 1.45% to $56.6 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $56.6 billion, $56.6 billion, and $57.5 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 153.22 Bn | 145.53 Bn | 12.81 Bn | 88.64 Bn |
| 2 | Canadian Natural Resources | 100.56 Bn | 98.67 Bn | 8.84 Bn | 20.96 Bn |
| 3 | Eog Resources | 74.16 Bn | 69.25 Bn | - | 39.79 Bn |
| 4 | Diamondback Energy | 53.10 Bn | 58.73 Bn | 5.55 Bn | 56.64 Bn |
| 5 | Devon Energy | 52.37 Bn | 51.36 Bn | 6.02 Bn | 56.13 Bn |
| 6 | Expand Energy | 20.29 Bn | 19.03 Bn | 2.33 Bn | 23.10 Bn |
| 7 | Permian Resources | 18.41 Bn | 18.15 Bn | - | 15.00 Bn |
| 8 | Ovintiv | 16.64 Bn | 15.76 Bn | 2.83 Bn | 15.23 Bn |
| 9 | Apa | 15.35 Bn | 15.83 Bn | 2.28 Bn | 11.69 Bn |
| 10 | Antero Resources | 10.48 Bn | 9.91 Bn | 1.56 Bn | 10.93 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 56.64 Bn |
| Mar 31, 2026 | 56.60 Bn |
| Dec 31, 2025 | 57.47 Bn |
| Sep 30, 2025 | 61.89 Bn |
| Jun 30, 2025 | 57.97 Bn |
| Mar 31, 2025 | 55.73 Bn |
| Dec 31, 2024 | 52.88 Bn |
| Sep 30, 2024 | 51.78 Bn |
| Jun 30, 2024 | 30.58 Bn |
| Mar 31, 2024 | 24.75 Bn |
| Dec 31, 2023 | 24.16 Bn |
| Sep 30, 2023 | 23.35 Bn |
| Jun 30, 2023 | 22.87 Bn |
| Mar 31, 2023 | 23.14 Bn |
| Dec 31, 2022 | 21.99 Bn |
| Sep 30, 2022 | 20.01 Bn |
| Jun 30, 2022 | 20.01 Bn |
| Mar 31, 2022 | 20.04 Bn |
| Dec 31, 2021 | 20.11 Bn |
| Sep 30, 2021 | 19.98 Bn |
API Access
Diamondback Energy Invested Capital 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=invested-capital&ticker=FANG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=FANG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();