Diamondback Energy Inc.

Diamondback Energy Inc. today announced that it has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle IV Midco, LLC in exchange for approximately 6.9 million shares of Diamondback common stock and $3 billion of cash, subject to customary adjustments . The cash portion of this transaction is expected to be funded through a combination of cash on hand, borrowings under the [...]

Travis Stice, Chief Executive Officer and Chairman of the Board of Directors of Diamondback Energy Inc. , is pleased to announce that effective February 3, 2025, the Company added Darin G. Holderness to the Board of Directors. Mr. Holderness has over 30 years of experience in various roles of increasing responsibility in the energy sector, including, among others, founder and Chief Financial Officer of P&A Exchange LLC [...]

Diamondback Energy Inc. today announced that it has entered into a definitive purchase agreement with Viper Energy, Inc. , a subsidiary of Diamondback, to sell certain mineral and royalty interests from subsidiaries of Diamondback for $1 billion in cash and approximately 69.6 million units of Viper's operating subsidiary in a drop down transaction . The tax advantaged OpCo units, which will be issued together with an [...]

Verde Clean Fuels, Inc. announced today the closing of the previously announced $50 million equity investment by Cottonmouth Ventures, LLC , a wholly-owned subsidiary of Diamondback Energy Inc. . The investment consists of the purchase of 12.5 million shares of Verde's Class A common stock by Cottonmouth at a purchase price of $4.00 per share. The investment represents the second investment by Cottonmouth in Verde over [...]

Diamondback Energy Inc. , today announced that it plans to release fourth quarter 2024 financial results on February 24, 2025 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 2024 on Tuesday, February 25, 2025 at 8:00 a.m. CT. Access to the webcast, and replay which will be [...]

Verde Clean Fuels, Inc. announced today the entry into a stock purchase agreement with Cottonmouth Ventures, LLC , a wholly-owned subsidiary of Diamondback Energy, Inc. , for a $50 million equity investment by Cottonmouth into Verde. The investment consists of the purchase of 12.5 million shares of Verde's Class A common stock at a purchase price of $4.00 per share. Closing of the investment is anticipated to occur during [...]

Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. Endeavor Closing: Diamondback closed the Endeavor [...]

Diamondback Energy Inc. today announced financial and operating results for the third quarter ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS As previously announced, closed merger with Endeavor Energy Resources, L.P. on September 10, 2024 Average production of 321.1 MBO/d Net cash provided by operating activities of $1.2 billion; Operating Cash Flow Before Working Capital Changes of $1.4 billion Cash capital [...]

Diamondback Energy Inc. today announced revised Q3 2024 production and capital guidance. This guidance has been updated to give effect to the Endeavor Energy Resources, L.P. merger, which was completed on September 10, 2024. REVISED THIRD QUARTER 2024 GUIDANCE Q3 2024 oil production guidance of 319 - 321 MBO/d Q3 2024 cash CAPEX guidance of $675 - $700 million About Diamondback Energy, Inc. Diamondback is an independent [...]

Diamondback Energy Inc. , today announced that it plans to release third quarter 2024 financial results on November 4, 2024 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 2024 on Tuesday, November 5, 2024 at 8:00 a.m. CT. Access to the webcast, and replay which will be available [...]