Diamondback Energy Inc.

Diamondback Energy Inc. , today announced that it plans to release first quarter 2020 financial results on May 4, 2020 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 2020 on Tuesday, May 5, 2020 at 8:00 a.m. CT. Participants should call 440-7573 or 237-1144 and use the [...]

Steven West, Chairman of the Board of Directors of Diamondback Energy Inc. , is pleased to announce that effective April 3, 2020, the Company increased the size of Diamondback’s Board of Directors to eight members, adding Stephanie K. Mains and Vincent K. Brooks as independent directors. Stephanie Mains has over 30 years of experience across diverse industrial segments, including aviation, energy and transportation. Most [...]

Diamondback Energy Inc. today provided revised full year 2020 guidance and updated hedge positions. REVISED 2020 GUIDANCE HIGHLIGHTS Full year revised 2020 production guidance of 295.0 - 310.0 MBOE/d Full year revised 2020 oil production guidance of 183.0 - 193.0 MBO/d Q4 2020 exit rate production guidance of 170.0 – 180.0 MBO/d Full year 2020 CAPEX guidance of $1.5 - $1.9 billion, including drill, complete and equip [...]

Diamondback Energy Inc. today provided an update to the operational press release it issued on March 9, 2020, as well as an update to the Company’s 2020 and 2021 oil hedge positions. Following last week's release, Diamondback has reduced activity further, including a minimum one-month break for all completion crews operating for the Company. After that break, the Company expects to judiciously reactivate crews and [...]

Diamondback Energy Inc. today provided an operational update given recent commodity price volatility. Diamondback is reducing activity immediately from nine completion crews to six and expects to drop two drilling rigs in April 2020 and a third later in the second quarter of 2020. The Company has already dropped one completion crew as part of its original 2020 plan, but is now releasing two more completion crews as a [...]

The new entity, Amarillo Rattler, will focus on owning and operating natural gas gathering and processing assets in the Midland Basin of the Permian ArcLight Capital Partners and Rattler Midstream, a subsidiary of Diamondback Energy, announced today that Amarillo Midstream, an ArcLight Fund V portfolio company, and an affiliate of Rattler have entered into a 50/50 joint venture to own, operate and expand a natural gas [...]

Diamondback Energy Inc. today announced financial and operating results for the fourth quarter and full year ended December 31, 2019. FOURTH QUARTER 2019 HIGHLIGHTS Q4 2019 average production of 195.0 MBO/d , with average oil production up 5% over Q3 2019 and 50% over Q4 2018 Q4 2019 net loss of $ million, which includes a $790 million impairment due to lower SEC commodity pricing; adjusted net income of $308 million, or [...]

Diamondback Energy Inc. today announced that its average daily production for the fourth quarter of 2019 was 301.3 MBOE/d , an increase of 5% from Q3 2019 average daily production of 287.1 MBOE/d and up 65% from Q4 2018 average daily production of 182.8 MBOE/d. Average daily production for the full year 2019 was 283.0 MBOE/d , an increase of 27% from combined 2018 average daily volumes of 222.1 MBOE/d, with oil volumes [...]

Diamondback Energy Inc. announced today that it has priced an offering of $1.0 billion of 2.875% senior notes that will mature on December 1, 2024 , $800 million of 3.250% senior notes that will mature on December 1, 2026 and $1.2 billion of 3.500% senior notes that will mature on December 1, 2029 . The prices to the public for the 2024 notes, the 2026 notes and the 2029 notes are 99.959%, 99.858% and 99.741% of the [...]

Diamondback Energy Inc. today announced financial and operating results for the third quarter ended September 30, 2019 and announced 2020 capital and production guidance. THIRD QUARTER 2019 HIGHLIGHTS Q3 2019 net income of $368 million, or $2.26 per diluted share; adjusted net income of $239 million, or $1.47 per diluted share Q3 2019 Consolidated Adjusted EBITDA of $732 million; adjusted EBITDA net of non-controlling [...]