Diamondback Energy Inc.

Diamondback Energy Inc. , today announced that it plans to release first quarter 2021 financial results on May 3, 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 first quarter of 2021 on Tuesday, May 4, 2021 at 8:00 a.m. CT. Participants should call 440-7573 or 237-1144 and use the [...]

Diamondback Energy Inc. announced today that it has priced an offering of $650,000,000 in aggregate principal amount of 0.900% senior notes that will mature on March 24, 2023 , $900,000,000 in aggregate principal amount of 3.125% senior notes that will mature on March 24, 2031 and $650,000,000 in aggregate principal amount of 4.400% senior notes that will mature on March 24, 2051 . The prices to the public for the 2023 [...]

Diamondback Energy Inc. announced today the early results of Diamondback's previously announced cash tender offer to purchase any and all of Diamondback's outstanding 5.375% Senior Notes due 2025 pursuant to the Offer to Purchase for Cash and Consent Solicitation Statement, dated March 4, 2021 and cash tender offers to purchase any and all of QEP Resources Inc.'s outstanding 5.375% Senior Notes due 2022 , 5.250% Senior [...]

Diamondback Energy Inc. today announced that it has completed its previously announced acquisition of QEP Resources Inc. in an all-stock merger following approval of the merger and related proposals by the QEP stockholders at their special meeting held on March 16, 2021. QEP reported the results of its stockholder vote at the special meeting on its Form 8-K with the Securities and Exchange Commission on March 16, 2021. As [...]

Diamondback Energy Inc. today announced that, in connection with the pending all-stock acquisition of QEP Resources Inc., it has commenced a cash tender offer to purchase any and all of Diamondback's outstanding 5.375% Senior Notes due 2025 and cash tender offers to purchase any and all of QEP's outstanding 5.375% Senior Notes due 2022, 5.250% Senior Notes due 2023 and 5.625% Senior Notes due 2026 from holders of each [...]

Diamondback Energy Inc. today announced that it has completed its previously announced acquisition of leasehold interests and related oil and gas assets from Guidon Operating LLC, a portfolio company of Blackstone Energy Partners. Aggregate consideration consisted of $375 million in cash and 10.68 million shares of the Company's common stock after accounting for post-effective date adjustments. As a result of the [...]

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 [...]