Is it safe?
Can FANG take a bad year?
Diamondback Energy carries $12.2B of net debt at 1.92× EBITDA: a load its earnings can carry.
$12.2B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.92×
Net debt / EBITDA · 1.62× a year ago · the load is going up
- Altman Z-score
- 1.43
Altman Z-score · distress zone, below 1.8
- Debt / equity
- 0.33×
Debt / equity
Details›
- Total debtQ2 2026
- $12.6B
- Cash and short-term investments
- $462M
- Net debt
- $12.2B
- EBITDA, trailing twelve months
- $6.32B
- Operating profit, trailing twelve months
- $1.08B
- Debt / equity
- 0.33×
- Total debt / EBITDA
- 2.00×
- Annualised volatilitytwo years of daily moves
- 36%
- Worst drawdown on file
- −89%
- Below its 52-week high
- −5.9%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.