Diamondback Energy Inc.

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 [...]

Diamondback Energy Inc. today announced that it has accelerated its plans to return 50% of Free Cash Flow to stockholders to the fourth quarter of 2021, and the Board of Directors has approved an up to $2.0 billion share repurchase program to complement this return commitment. "Diamondback is accelerating its previously announced capital return program due to continued strong operational performance and improved capital [...]

Diamondback Energy Inc. today announced financial and operating results for the second quarter ended June 30, 2021. SECOND QUARTER 2021 HIGHLIGHTS Q2 2021 average production of 242.5 MBO/d Generated Q2 2021 cash flow from operating activities of $954 million; Operating Cash Flow Before Working Capital Changes of $944 million, or $5.19 per diluted share Q2 2021 cash capital expenditures of $366 million; Q2 2021 [...]

Diamondback Energy Inc. , today announced that it plans to release second quarter 2021 financial results on August 2, 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 second quarter of 2021 on Tuesday, August 3, 2021 at 8:00 a.m. CT. Participants should call 440-7573 or 237-1144 and use the [...]

Diamondback Energy Inc. announced today that the Company fully redeemed the $191 million aggregate principal amount of outstanding legacy 4.625% Senior Notes Due 2021 of Energen Corp., a subsidiary of the Company. The repayment of these notes will reduce cash interest expense by approximately $9 million annually. "By using internally generated cash flow as well as proceeds from our previously announced Permian non-core [...]

Diamondback Energy Inc. today announced financial and operating results for the first quarter ended March 31, 2021. FIRST QUARTER 2021 HIGHLIGHTS Previously announced Q1 2021 average production of 184.2 MBO/d Generated Q1 2021 cash flow from operating activities of $624 million. Operating Cash Flow Before Working Capital Changes of $627 million Q1 2021 cash capital expenditures of $296 million; Q1 2021 activity-based [...]