other_material
confidence high
sentiment positive
materiality 0.65
Diamondback agrees to repurchase up to 3M shares quarterly from SGF; buys 2M at $152.59
Diamondback Energy, Inc.
- Letter agreement lets SGF sell up to 3M shares per quarter to Diamondback through Dec 31, 2026 at the latest NASDAQ closing price.
- On Nov 28, 2025, Diamondback repurchased 2M shares from SGF at $152.59 per share.
- Since Sept 30, 2025, total repurchases: 2,886,280 shares for $432M, leaving ~$2.7B under the $8B authorization.
- SGF retains ability to dispose of shares through registered offerings or open market sales under existing stockholder agreement.
item 8.01