# Diamondback Energy: Oil Price Strategy

> Diamondback Energy thrives at $60 oil but shines at $100.
- Title: Diamondback Energy: Oil Price Strategy · Seekingalpha
- Summary: Diamondback Energy thrives at $60 oil but shines at $100. Diamondback Energy generates $2.33B free cash flow at $96.82/bbl oil prices with a focus on debt…
- Keywords: diamondback energy, fang, oil prices, free cash flow, debt reduction, securities, money, business, Diamondback, Energy, Oil, Price
- Source: Seekingalpha — https://seekingalpha.com/article/4957541-diamondback-energy-good-at-60-oil-great-at-100
- Author: Brent Hecht
- Published: 2026-10-26T16:57:07+00:00
- Read time: 1 min
- Topics: diamondback energy, fang, oil prices, free cash flow, debt reduction, securities, money, business
## Diamondback Energy
Diamondback Energy is rated a Buy with resilient free cash flow at low oil prices and disciplined capital allocation.
## Q2 Performance
FANG generated $2.33B free cash flow at $96.82/bbl oil, prioritized debt reduction over buybacks, and led peers in cash per barrel.
## Debt Strategy
Leverage remains a key risk with $12.3B net debt and upcoming maturities, but management aims for a cleaner balance sheet by 2027.
## Key takeaway

Diamondback Energy generates $2.33B free cash flow at $96.82/bbl oil prices with a focus on debt reduction.