Diamondback Energy Inc. announced today that it has priced an offering of $850,000,000 in aggregate principal amount of 5.200% senior notes that will mature on April 18, 2027 , $850,000,000 in aggregate principal amount of 5.150% senior notes that will mature on January 30, 2030 , $1,300,000,000 in aggregate principal amount of 5.400% senior notes that will mature on April 18, 2034 , $1,500,000,000 in aggregate principal [...]
Diamondback Energy Inc. , today announced that it plans to release first quarter 2024 financial results on April 30, 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 first quarter of 2024 on Wednesday, May 1, 2024 at 8:00 a.m. CT. Access to the webcast, and replay which will be available [...]
Diamondback Energy Inc. today announced a series of leadership appointments and promotions, effective immediately. Al Barkmann, currently Senior Vice President of Reservoir Engineering, has been promoted to Executive Vice President and Chief Engineer. Mr. Barkmann's additional responsibilities will be to oversee all of the technical aspects of the business, including reservoir engineering, geology, and corporate planning [...]
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 fourth quarter of 2023 rounded out a great year for [...]
Diamondback Energy Inc. today announced financial and operating results for the fourth quarter and full year ended December 31, 2023. FOURTH QUARTER 2023 HIGHLIGHTS Average production of 273.1 MBO/d Net cash provided by operating activities of $1.6 billion; Operating Cash Flow Before Working Capital Changes of $1.6 billion Cash capital expenditures of $649 million Free Cash Flow of $910 million Increased annual base [...]
Verde Clean Fuels, Inc. and Cottonmouth Ventures LLC, a subsidiary of Diamondback Energy , today announced that the parties have executed a Joint Development Agreement for the proposed development, construction, and operation of a facility to produce commodity-grade gasoline utilizing associated natural gas feedstock supplied from Diamondback's operations in the Permian Basin. This press release features multimedia. View [...]
Diamondback Energy Inc. and Endeavor Energy Resources, L.P. , today announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at approximately $26 billion, inclusive of Endeavor's net debt. The combination will create a premier Permian independent operator. The transaction consideration will consist of approximately 117.3 million shares of [...]
Diamondback Energy Inc. , today announced that it plans to release fourth quarter 2023 financial results on February 20, 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 fourth quarter of 2023 on Wednesday, February 21, 2024 at 8:00 a.m. CT. Access to the webcast, and replay which will be [...]
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 third quarter of 2023 can be summarized as a [...]
Diamondback Energy Inc. today announced financial and operating results for the third quarter ended September 30, 2023. THIRD QUARTER 2023 HIGHLIGHTS Average production of 266.1 MBO/d Net cash provided by operating activities of $1.4 billion; Operating Cash Flow Before Working Capital Changes of $1.5 billion Cash capital expenditures of $684 million Free Cash Flow of $820 million; Adjusted Free Cash Flow of $884 million [...]
Diamondback Energy Inc. today released its 2023 Corporate Sustainability Report. The online report outlines Diamondback's approach to sustainability, commitment to environmental responsibility, managing and reducing risks, governance and business ethics, and our commitment to our people and communities. The report highlights Diamondback's performance in these categories through December 31, 2022, discusses Diamondback's [...]
Diamondback Energy Inc. , today announced that it plans to release third quarter 2023 financial results on November 6, 2023 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 2023 on Tuesday, November 7, 2023 at 8:00 a.m. CT. Access to the webcast, and replay which will be available [...]
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