Diamondback Energy Inc.

Diamondback Energy Inc. today announced that it has completed its previously announced acquisition of certain subsidiaries of Double Eagle IV Midco, LLC . About Diamondback Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas [...]

Diamondback Energy Inc. , today announced that it plans to release first quarter 2025 financial results on May 5, 2025 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the first quarter of 2025 on Tuesday, May 6, 2025 at 8:00 a.m. CT. Access to the live webcast, and replay which will be available [...]

Diamondback Energy Inc. announced today that it has priced an offering of $1,200,000,000 in aggregate principal amount of 5.550% senior notes that will mature on April 1, 2035 . The price to the public is 99.937% of the principal amount of the Notes. Diamondback intends to use the net proceeds from the Notes Offering for general corporate purposes, including, without limitation, paying a portion of the cash consideration [...]

Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. 2024: Year in Review 2024 was arguably the most [...]

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Travis D. Stice to step down as Chief Executive Officer, effective as of the Company's 2025 Annual Meeting of Stockholders; will remain as Executive Chairman through the Company's 2026 Annual Meeting of Stockholders Kaes Van't Hof, current President, will assume Chief Executive Officer role and will join the Board of Directors effective as of the Company's 2025 Annual Meeting of Stockholders Jere W. Thompson III, current [...]

Double Eagle IV Midco, LLC today announced that it has entered into a definitive purchase agreement to divest its equity interest in certain subsidiaries to Diamondback Energy Inc. in exchange for $3 billion of cash and approximately 6.9 million shares of Diamondback common stock. Cody Campbell and John Sellers, Co-Chief Executive Officers of Double Eagle, commented "We are excited to announce our agreement with [...]

Diamondback Energy Inc. today announced that it has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle IV Midco, LLC in exchange for approximately 6.9 million shares of Diamondback common stock and $3 billion of cash, subject to customary adjustments . The cash portion of this transaction is expected to be funded through a combination of cash on hand, borrowings under the [...]

Travis Stice, Chief Executive Officer and Chairman of the Board of Directors of Diamondback Energy Inc. , is pleased to announce that effective February 3, 2025, the Company added Darin G. Holderness to the Board of Directors. Mr. Holderness has over 30 years of experience in various roles of increasing responsibility in the energy sector, including, among others, founder and Chief Financial Officer of P&A Exchange LLC [...]

Diamondback Energy Inc. today announced that it has entered into a definitive purchase agreement with Viper Energy, Inc. , a subsidiary of Diamondback, to sell certain mineral and royalty interests from subsidiaries of Diamondback for $1 billion in cash and approximately 69.6 million units of Viper's operating subsidiary in a drop down transaction . The tax advantaged OpCo units, which will be issued together with an [...]