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 [...]
Diamondback Energy Inc. , today announced that it plans to release third quarter 2019 financial results on November 5, 2019 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 2019 on Wednesday, November 6, 2019 at 9:00 a.m. CT. Participants should call 440-7573 or 237-1144 and use [...]
Diamondback Energy Inc. , today released its 2019 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 recognize that responsible practices [...]
Midland, TX - Diamondback Energy Inc. today announced financial and operating results for the second quarter ended June 30, 2019. HIGHLIGHTS Q2 2019 net income of $349 million, or $2.11 per diluted share; adjusted net income of $280 million, or $1.70 per diluted share Q2 2019 Consolidated Adjusted EBITDA of $789 million; adjusted EBITDA net of non-controlling interest of $772 million Q2 2019 production of 280.4 Mboe/d [...]
Diamondback Energy Inc. , today announced that it plans to release second quarter 2019 financial results on August 6, 2019 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 2019 on Wednesday, August 7, 2019 at 9:00 a.m. CT. Participants should call 440-7573 or 237-1144 and use the [...]
Rattler Midstream LP , a subsidiary of Diamondback Energy Inc. , and Diamondback today announced that underwriters of its underwritten initial public offering of 38,000,000 common units representing limited partnership interests in Rattler, which closed on May 28, 2019, have exercised in full their option to purchase an additional 5,700,000 common units at a price to the public of $17.50 per common unit pursuant to their [...]
Rattler Midstream LP , a subsidiary of Diamondback Energy Inc. , and Diamondback today announced the closing of Rattler’s previously announced initial public offering of 38,000,000 common units representing limited partner interests at a price to the public of $17.50 per common unit. In addition, Rattler has granted the underwriters a 30-day option to purchase up to an additional 5,700,000 common units at the [...]
Rattler Midstream LP , a subsidiary of Diamondback Energy Inc. , and Diamondback today announced the pricing of Rattler’s initial public offering of 38,000,000 common units representing limited partner interests at $17.50 per common unit. The 38,000,000 offering of common units represents a 4,666,667 unit upsize to the originally proposed 33,333,333 offering of common units. In addition, Rattler has granted the [...]
Rattler Midstream LP , a subsidiary of Diamondback Energy Inc. , and Diamondback today announced the launch of Rattler’s initial public offering of 33,333,333 common units representing limited partner interests at an anticipated initial offering price between $16.00 and $19.00 per common unit, pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission . Rattler expects to [...]