Diamondback Energy Inc. today announced financial and operating results for the first quarter March 31, 2022. FIRST QUARTER 2022 HIGHLIGHTS Average production of 222.8 MBO/d Cash flow from operating activities of $1,252 million; Operating Cash Flow Before Working Capital Changes of $1,411 million Cash capital expenditures of $437 million; Q1 2022 activity-based capital expenditures incurred of approximately $444 million [...]
Diamondback Energy Inc. , today announced that it plans to release first quarter 2022 financial results on May 2, 2022 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 2022 on Tuesday, May 3, 2022 at 8:00 a.m. CT. Participants should call 440-7573 or 237-1144 and use the [...]
Diamondback Energy Inc. today announced a $10 million commitment to support various non-profit entities that have risen to meet the humanitarian needs of the people of Ukraine displaced by the Russian invasion of their country. "These donations are being made to help the millions of men, women, and children who have had to leave their homes as a result of this unjust war and will go to organizations that are giving direct [...]
Diamondback Energy Inc. announced today that it has priced an offering of $750,000,000 in aggregate principal amount of 4.250% senior notes that will mature on March 15, 2052 . The price to the public for the Notes is 99.714% of the principal amount. Diamondback intends to use the net proceeds from the Notes Offering to fund the redemption of all of Diamondback's outstanding 4.750% Senior Notes due 2025 at the applicable [...]
Diamondback Energy Inc. today announced financial and operating results for the fourth quarter and full year ended December 31, 2021. FOURTH QUARTER 2021 HIGHLIGHTS Average production of 226.3 MBO/d Permian Basin production of 224.4 MBO/d Cash flow from operating activities of $1,167 million; Operating Cash Flow Before Working Capital Changes of $1,206 million Cash capital expenditures of $434 million; Q4 2021 [...]
Diamondback Energy Inc. today announced a series of leadership appointments and promotions, effective immediately. Travis Stice will assume the role of Chairman of the Board of Directors of Diamondback and will remain in his current role as Chief Executive Officer. Steven West, current Chairman, will remain on the Board as a Director. Steve's leadership and contribution to the Company's success as Chairman have been [...]
Diamondback Energy Inc. , today announced that it plans to release fourth quarter 2021 financial results on February 22, 2022 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 2021 on Wednesday, February 23, 2022 at 8:00 a.m. CT. Participants should call 440-7573 or 237-1144 and [...]
Diamondback Energy Inc. announced today a series of leadership changes. Russell Pantermuehl, currently Executive Vice President and Chief Engineer, will retire from his current role at the end of 2021 after having worked at Diamondback since August 2011, prior to the Company's initial public offering. Russell and the Company have agreed that following his retirement he will serve as an advisor to Diamondback through [...]
Diamondback Energy Inc. today announced financial and operating results for the third quarter ended September 30, 2021. THIRD QUARTER 2021 HIGHLIGHTS Q3 2021 average production of 239.8 MBO/d Q3 2021 Permian Basin production of 223.0 MBO/d Q3 2021 cash flow from operating activities of $1,199 million; Operating Cash Flow Before Working Capital Changes of $1,131 million Q3 2021 cash capital expenditures of $391 million; Q3 [...]
Diamondback Energy Inc. today announced that it has completed its previously announced divestiture of its oil and gas assets in the Williston Basin to Oasis Petroleum Inc. The Company also issued a notice of redemption today providing for the redemption of $650 million aggregate principal amount of the Company's 0.900% Senior Notes due 2023 , representing all of the outstanding 2023 Notes, at a redemption price equal to [...]
Diamondback Energy Inc. , today announced that it plans to release third quarter 2021 financial results on November 1, 2021 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 2021 on Tuesday, November 2, 2021 at 8:00 a.m. CT. Participants should call 440-7573 or 237-1144 and use the [...]
Diamondback Energy Inc. today released its 2021 Corporate Sustainability 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 highlights Diamondback's performance in these categories through December 31, 2020, discusses Diamondback's sustainability targets and [...]