Capital Expenditures for Diamondback Energy (FANG)
According to Diamondback Energy's latest reported financial statements, the company's current capital expenditures (TTM) is $7.40B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$7.40B
YoY change
-70.1%
5Y CAGR
+11.5%
Peak year (2024)
$11.79B
Cumulative capital expenditures
$43.26B
CapEx history chart for Diamondback Energy (FANG) from 2009 to 2025
CapEx history table for Diamondback Energy (FANG) from 2009 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.52B | -70.1% | ||
| 2024 | $11.79B | +150.0% | ||
| 2023 | $4.71B | +30.5% | ||
| 2022 | $3.61B | +58.9% | ||
| 2021 | $2.27B | +11.3% | ||
| 2020 | $2.04B | -44.7% | ||
| 2019 | $3.70B | +6.4% | ||
| 2018 | $3.48B | +5.3% | ||
| 2017 | $3.30B | +177.2% | ||
| 2016 | $1.19B | +32.0% | ||
| 2015 | $902.09M | -37.7% | ||
| 2014 | $1.45B | +54.0% | ||
| 2013 | $939.92M | +432.6% | ||
| 2012 | $176.49M | +102.3% | ||
| 2011 | $87.24M | +54.9% | ||
| 2010 | $56.31M | +111.5% | ||
| 2009 | $26.63M | — |
CapEx values are taken from Diamondback Energy's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Diamondback Energy (FANG) reported capital expenditures of $3.52B – plunged 70.1% year-over-year.
Diamondback Energy capital expenditures compound annual growth for the 2020–2025 (5 years) window is +11.5%, with the latest reading among the more recent periods of the dataset.
Diamondback Energy capital expenditures plunged from $11.79B in 2024 to $3.52B in 2025, a 70.1% drawdown.
$11.79B stands as the all-time-high annual capital expenditures, posted in 2024, against a low of $26.63M during 2009.
Diamondback Energy (FANG) sits 6th of 8 Energy peers we track on this metric, against a peer median of $5.50B.
Diamondback Energy Capital Expenditures by Year
Diamondback Energy Capital Expenditures 2025: $3.52B
Diamondback Energy capital expenditures in 2025 was $3.52B, plunged 70.1% below 2024.
Diamondback Energy Capital Expenditures 2024: $11.79B
Diamondback Energy capital expenditures in 2024 was $11.79B, surged 150.0% from 2023. This figure represents the highest annual value in the available history.
Diamondback Energy Capital Expenditures 2023: $4.71B
Diamondback Energy capital expenditures in 2023 was $4.71B, surged 30.5% from 2022.
Diamondback Energy Capital Expenditures 2022: $3.61B
Diamondback Energy capital expenditures in 2022 was $3.61B, surged 58.9% from 2021.
Diamondback Energy Capital Expenditures 2021: $2.27B
Diamondback Energy capital expenditures in 2021 was $2.27B.
See more financial history for Diamondback Energy (FANG).
Sector peers — CapEx
Companies in the same sector as Diamondback Energy, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.36B | Energy |
| Chevron Corporation (CVX) | $17.35B | Energy |
| Enbridge Inc. (ENB) | $8.97B | Energy |
| EOG Resources, Inc. (EOG) | $6.12B | Energy |
| The Williams Companies, Inc. (WMB) | $4.89B | Energy |
| ConocoPhillips (COP) | $3.02B | Energy |
| SLB N.V. (SLB) | $1.69B | Energy |
| Valero Energy Corporation (VLO) | $796.00M | Energy |
Frequently asked questions
What is Diamondback Energy's capital expenditures?
- Latest reported capital expenditures for Diamondback Energy (FANG) is $7.40B (period ending December 31, 2025).
How has Diamondback Energy capital expenditures changed year-over-year?
- Diamondback Energy (FANG) capital expenditures changed -70.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Diamondback Energy capital expenditures?
- Diamondback Energy (FANG) capital expenditures compound annual growth rate is +11.5% over the most recent 5 years available.
When did Diamondback Energy capital expenditures hit its highest annual value?
- Diamondback Energy capital expenditures reached its highest annual value of $11.79B in 2024.
What was Diamondback Energy capital expenditures in 2024?
- Diamondback Energy (FANG) capital expenditures in 2024 was $11.79B.
What was Diamondback Energy capital expenditures in 2025?
- Diamondback Energy (FANG) capital expenditures in 2025 was $3.52B.
Metrics overview
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