Diamondback secondary offering of 12.65M shares by SGF FANG Holdings raises ~$1.9B

Diamondback Energy, Inc.

Selling stockholder SGF FANG Holdings, LP sold 12.65M shares (11M base + 1.65M over-allotment) in a secondary offering.
Gross proceeds to selling stockholder approx. $1.9 billion; Diamondback receives no proceeds.
Offering priced March 10, 2026, closed March 12; joint book-runners: Evercore, Citigroup, J.P. Morgan.
Offered under existing shelf registration (Form S-3, filed Sep 2024). Company not issuing any shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Diamondback Energy, Inc. entered into Underwriting Agreement with SGF FANG Holdings, LP and Evercore Group L.L.C., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters (effective 2026-03-10).

Action: entry
Agreement: underwriting
Counterparty: SGF FANG Holdings, LP and Evercore Group L.L.C., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters
Effective: 2026-03-10

Exact text from the filing

On March 10, 2026, Diamondback Energy, Inc. (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with SGF FANG Holdings, LP (the “ Selling Stockholder ”) and Evercore Group L.L.C., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein

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Diamondback Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-027075

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