Diamondback Lifts Dividend After $5.9B Free Cash Flow in 2025

Diamondback Energy posted $5.9 billion in adjusted free cash flow in 2025, raised its base dividend by 5%, and outlined a flat production plan for 2026 as it prioritizes capital discipline, buybacks, and balance sheet repair. Midland-based Diamondback Energy reported fourth-quarter 2025 oil production of 512,800 barrels per day, capping a year in which the Permian pure-play averaged 497,200 bpd of oil and 921,000 boe/d overall. For the full year, the company generated $8.8 billion in operating cash flo ...