Diamondback Energy Inc.

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 [...]

Diamondback Energy Inc. today provided an operational update for the second quarter of 2020 and announced revised full year 2020 guidance. SECOND QUARTER 2020 UPDATE Q2 2020 average production of 176.3 MBO/d . After voluntarily curtailing 9.0 MBO/d of total Q2 2020 production, primarily in May, Diamondback elected to return this curtailed production in June, with nearly all curtailed production back online today Q2 2020 [...]

Diamondback Energy Inc. today announced that it plans to release second quarter 2020 financial results on August 3, 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 second quarter of 2020 on Tuesday, August 4, 2020 at 8:00 a.m. CT. Participants should call 440-7573 or 237-1144 and use the [...]

Diamondback Energy Inc. today announced that the previously announced cash tender offer by its wholly-owned subsidiary, Energen Corp. , to purchase any and all of Energen’s 4.625% Senior Notes due 2021 expired at 5:00 p.m., New York City time, on May 22, 2020 . As of the Expiration Time, $208,687,000 aggregate principal amount of the Notes were validly tendered, which excludes $385,000 aggregate principal amount of the [...]

Diamondback Energy Inc. announced today that it has priced an offering of $500 million of 4.75% senior notes that will mature on May 31, 2025 . The price to the public for the Notes is 100% of the principal amount. Diamondback intends to use the net proceeds from the offering to make an equity contribution to Energen Corporation, Diamondback’s wholly-owned subsidiary , which Energen plans to use to purchase its 4.625 [...]

Diamondback Energy Inc. today announced that its wholly-owned subsidiary, Energen Corp. , has commenced a cash tender offer to purchase any and all of Energen’s 4.625% Senior Notes due 2021. As of May 15, 2020, Energen had $400 million aggregate principal amount of the notes outstanding. The tender offer is being made pursuant to an offer to purchase and a related letter of transmittal, each dated as of May 18, 2020, and [...]

Diamondback Energy Inc. today announced financial and operating results for the first quarter ended March 31, 2020. FIRST QUARTER 2020 HIGHLIGHTS Q1 2020 average production of 201.4 MBO/d , with average oil production up 3% over Q4 2019 and up 12% over Q1 2019 Q1 2020 net loss of $272 million; adjusted net income of $230 million, or $1.45 per diluted share Q1 2020 Consolidated Adjusted EBITDA of $713 million; adjusted [...]