Diamondback Energy Inc.

Diamondback Energy Inc. today announced financial and operating results for the fourth quarter and full year ended December 31, 2020. FOURTH QUARTER 2020 HIGHLIGHTS Q4 2020 average production of 175.8 MBO/d , with average daily oil production up 3% over Q3 2020 Generated Q4 2020 cash flow from operating activities of $403 million. Operating Cash Flow Before Working Capital Changes of $468 million Q4 2020 cash capital [...]

Diamondback Energy Inc. , today announced that it plans to release fourth quarter 2020 financial results on February 22, 2021 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 fourth quarter of 2020 on Tuesday, February 23, 2021 at 8:00 a.m. CT. Participants should call 440-7573 or 237-1144 and use [...]

Diamondback Energy Inc. and QEP Resources today announced that they have entered into a definitive agreement under which Diamondback will acquire QEP in an all-stock transaction valued at approximately $2.2 billion, including QEP’s net debt of $1.6 billion as of September 30, 2020. The consideration will consist of 0.05 shares of Diamondback common stock for each share of QEP common stock, representing an implied value to [...]

Diamondback Energy Inc. today announced it has entered into a definitive purchase agreement to acquire all leasehold interests and related assets of Guidon Operating LLC in exchange for 10.63 million shares of Diamondback common stock and $375 million of cash. The cash portion of this transaction is expected to be funded through a combination of cash on hand and borrowings under the Company’s credit facility. ACQUISITION [...]

Diamondback Energy Inc. today announced financial and operating results for the third quarter ended September 30, 2020. THIRD QUARTER 2020 HIGHLIGHTS Generated third quarter cash flow from operating activities of $542 million. Operating Cash Flow Before Working Capital Changes was $434 million Generated third quarter Free Cash Flow of $153 million Q3 2020 cash operating costs of $7.61 per BOE; including cash general and [...]

Diamondback Energy Inc. today provided an operational update for the third quarter of 2020. HIGHLIGHTS Q3 2020 average production of 170.0 MBO/d Q3 2020 average realized hedged prices of $38.17 per barrel of oil, $12.09 per barrel of natural gas liquids and $0.95 per Mcf of natural gas, resulting in a total equivalent price of $26.22 per BOE; hedged pricing excludes $5.8 million of realized gains from the early [...]

Diamondback Energy Inc. , today announced that it plans to release third quarter 2020 financial results on November 2, 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 third quarter of 2020 on Tuesday, November 3, 2020 at 8:00 a.m. CT. Participants should call 440-7573 or 237-1144 and use the [...]

Diamondback Energy Inc. today released its 2020 Corporate Responsibility Report. The online report outlines Diamondback’s commitment to environmental responsibility, managing and reducing risks, governance and business ethics, and our commitment to our people and communities. The report is available at www.diamondbackenergy.com/about/sustainability. “At Diamondback, we are committed to developing our natural resources in [...]

Diamondback Energy Inc. today announced financial and operating results for the second quarter ended June 30, 2020. SECOND QUARTER 2020 HIGHLIGHTS Generated second quarter cash flow from operating activities of $324 million. Operating Cash Flow Before Working Capital Changes was $390 million Q2 2020 cash operating costs of $6.44 per BOE; including cash general and administrative expenses of $0.41 per BOE and lease [...]

Diamondback Energy Inc. announced today that it received notice, dated July 13, 2020, of an unsolicited “mini-tender” offer made by TRC Capital Investment Corporation, a private Canadian investment company , to purchase up to 2,500,000 shares of Diamondback common stock at a price of $37.00 per share in cash . The TRS Capital Offer is approximately 4.96% below the closing price per share of Diamondback common stock of [...]