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 [...]
Diamondback Energy Inc. and Five Point Energy LLC announced today the formation of a new joint venture entity, Deep Blue Midland Basin LLC . This strategic joint venture creates the largest independent water infrastructure platform in the Midland Basin with substantial excess capacity in place to pursue third-party growth. Deep Blue Highlights: Integrated midstream water infrastructure network with over 800 miles of [...]
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 second quarter of 2023 was characterized by volume [...]
Diamondback Energy Inc. today announced financial and operating results for the second quarter ended June 30, 2023. SECOND QUARTER 2023 HIGHLIGHTS Average production of 263.1 MBO/d Net cash provided by operating activities of $1.51 billion; Operating Cash Flow Before Working Capital Changes of $1.26 billion Cash capital expenditures of $711 million Free Cash Flow of $547 million Increasing annual base dividend by 5% to [...]
Diamondback Energy Inc. , today announced that it plans to release second quarter 2023 financial results on July 31, 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 second quarter of 2023 on Tuesday, August 1, 2023 at 8:00 a.m. CT. Access to the webcast, and replay which will be available [...]
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. The intent of this new form of communication is to increase transparency with our stockholders and add additional color as to how management is thinking about the business outside of the numbers [...]
Diamondback Energy Inc. today announced financial and operating results for the first quarter ended March 31, 2023. FIRST QUARTER 2023 HIGHLIGHTS Average production of 251.4 MBO/d Net cash provided by operating activities of $1.43 billion; Operating Cash Flow Before Working Capital Changes of $1.30 billion Cash capital expenditures of $657 million Free Cash Flow of $646 million Declared Q1 2023 base cash dividend of $0.80 [...]
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