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 [...]
Diamondback Energy Inc. today provided an operational update for the first quarter of 2021 and announced revised full year 2021 guidance. FIRST QUARTER 2021 UPDATE Q1 2021 average production of 184.2 MBO/d Q1 2021 average unhedged realized prices of $56.94 per barrel of oil, $22.94 per barrel of natural gas liquids and $3.05 per Mcf of natural gas, resulting in a total equivalent price of $42.36 per BOE Q1 2021 average [...]
Diamondback Energy Inc. announced today the final results of Diamondback's previously announced cash tender offer to purchase any and all of Diamondback's outstanding 5.375% Senior Notes due 2025 pursuant to the Offer to Purchase for Cash and Consent Solicitation Statement, dated March 4, 2021 and cash tender offers to purchase any and all of QEP Resources Inc.'s outstanding 5.375% Senior Notes due 2022 , 5.250% Senior [...]
Diamondback Energy Inc. , today announced that it plans to release first quarter 2021 financial results on May 3, 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 first quarter of 2021 on Tuesday, May 4, 2021 at 8:00 a.m. CT. Participants should call 440-7573 or 237-1144 and use the [...]
Diamondback Energy Inc. announced today that it has priced an offering of $650,000,000 in aggregate principal amount of 0.900% senior notes that will mature on March 24, 2023 , $900,000,000 in aggregate principal amount of 3.125% senior notes that will mature on March 24, 2031 and $650,000,000 in aggregate principal amount of 4.400% senior notes that will mature on March 24, 2051 . The prices to the public for the 2023 [...]
Diamondback Energy Inc. announced today the early results of Diamondback's previously announced cash tender offer to purchase any and all of Diamondback's outstanding 5.375% Senior Notes due 2025 pursuant to the Offer to Purchase for Cash and Consent Solicitation Statement, dated March 4, 2021 and cash tender offers to purchase any and all of QEP Resources Inc.'s outstanding 5.375% Senior Notes due 2022 , 5.250% Senior [...]
Diamondback Energy Inc. today announced that it has completed its previously announced acquisition of QEP Resources Inc. in an all-stock merger following approval of the merger and related proposals by the QEP stockholders at their special meeting held on March 16, 2021. QEP reported the results of its stockholder vote at the special meeting on its Form 8-K with the Securities and Exchange Commission on March 16, 2021. As [...]
Diamondback Energy Inc. today announced that, in connection with the pending all-stock acquisition of QEP Resources Inc., it has commenced a cash tender offer to purchase any and all of Diamondback's outstanding 5.375% Senior Notes due 2025 and cash tender offers to purchase any and all of QEP's outstanding 5.375% Senior Notes due 2022, 5.250% Senior Notes due 2023 and 5.625% Senior Notes due 2026 from holders of each [...]
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