Diamondback Energy Inc.

Diamondback Energy Inc. announced today the launch of an underwritten public offering of 11,270,000 shares of its common stock by certain Legacy Endeavor Stockholders , subject to market and other conditions . Diamondback will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional [...]

Diamondback Energy Inc. , today announced that it has closed its merger with Endeavor Energy Resources, L.P. . "We are pleased to announce the closing of this transformative merger, creating a 'must own' North American independent oil company," said Travis Stice, Chairman and Chief Executive Officer of Diamondback. "Today, Diamondback is not only bigger, but better. Our high-quality inventory located in the heart of the [...]

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. Diamondback built significant momentum in the first half of [...]

Diamondback Energy Inc. today announced financial and operating results for the second quarter ended June 30, 2024. SECOND QUARTER 2024 HIGHLIGHTS Average production of 276.1 MBO/d Net cash provided by operating activities of $1.5 billion; Operating Cash Flow Before Working Capital Changes of $1.5 billion Cash capital expenditures of $637 million Free Cash Flow of $816 million; Adjusted Free Cash Flow of $841 million [...]

WhiteWater today announced that WhiteWater, MPLX LP , and Enbridge Inc. , through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources Corp. to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation agreements with predominantly investment grade shippers [...]

Diamondback Energy Inc. , today announced that it plans to release second quarter 2024 financial results on August 5, 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 second quarter of 2024 on Tuesday, August 6, 2024 at 8:00 a.m. CT. Access to the webcast, and replay which will be available [...]

Strategic Acquisition Expands Deep Blue's Footprint in the Midland Basin Deep Blue Midland Basin LLC , a joint venture between Diamondback Energy and Five Point Energy LLC , announced today it has acquired Lagoon Operating - Midland, LLC . This strategic acquisition further solidifies Deep Blue's position as a key player in sustainable water management in the core of the Midland Basin. The Lagoon assets are located [...]

Diamondback Energy Inc. today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP resulting in total pre-tax consideration net to Diamondback of approximately $375 million, subject to customary closing conditions and adjustments. Consideration for the transaction will consist of a mix of cash and ET common units. The transaction is expected to close in the third quarter of 2024. Diamondback, through its [...]

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. The first quarter of 2024 was a great start of the year for [...]

Diamondback Energy Inc. today announced financial and operating results for the first quarter ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS Average production of 273.3 MBO/d Net cash provided by operating activities of $1.3 billion; Operating Cash Flow Before Working Capital Changes of $1.4 billion Cash capital expenditures of $609 million Free Cash Flow of $791 million Declared Q1 2024 base cash dividend of $0.90 [...]