---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-014457"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T16:07:52.872583+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Diamondback Energy to acquire Double Eagle assets for $3B cash + 6.9M shares

## Summary
- Consideration: $3B cash and ~6.9M common shares valued at ~5.2x 2025 EBITDA.
- Acquisition includes ~40,000 net acres in core Midland Basin; run-rate ~27 MBo/d (69% oil).
- Commitment to sell at least $1.5B of non-core assets; pro forma net debt target of $10B.
- Expected close on April 1, 2025, subject to customary conditions and regulatory approval.

## SEC filing metadata
- accession: 0001104659-25-014457
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000110465925014457/0001104659-25-014457-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000110465925014457/tm256842d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-014457
- JSON: https://secwatch.observer/filing/0001104659-25-014457.json
- Plain text: https://secwatch.observer/filing/0001104659-25-014457.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.