---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-006881"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:17:49.654412+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Diamondback Energy to acquire Endeavor for $8B cash plus ~117.3M shares

## Summary
- Acquires Endeavor for $8.0B cash and ~117.3M shares of Diamondback common stock.
- Endeavor equityholders to hold ~39.5% of combined company post-close.
- Board expands to 13 members; four Endeavor designees to be added.
- Termination fee of $1.4B payable by Diamondback under certain conditions.
- Commitment letter for $8.0B bridge facility from Citigroup Global Markets.

## SEC filing metadata
- accession: 0001140361-24-006881
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.02, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000114036124006881/0001140361-24-006881-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000114036124006881/ny20021341x1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-006881
- JSON: https://secwatch.observer/filing/0001140361-24-006881.json
- Plain text: https://secwatch.observer/filing/0001140361-24-006881.txt

## Key facts
- Earnings Releases
  Diamondback Energy, Inc. reported preliminary financial results for the fourth quarter ended December 31, 2023.
  - Period: the fourth quarter ended December 31, 2023
  - Result: preliminary results
  source text: On February 12, 2024, the Company issued a press release, that includes certain preliminary operating results of the Company for the fourth quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539838/000114036124006881/0001140361-24-006881-index.htm
- Material Agreements
  Diamondback Energy, Inc. entered into Agreement and Plan of Merger with Endeavor Parent, LLC (effective 2024-02-11).
  - Action: entry
  - Agreement: merger
  - Counterparty: Endeavor Parent, LLC
  - Effective: 2024-02-11
  source text: On February 11, 2024, Diamondback Energy, Inc., a Delaware corporation (the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), by and among the Company, Eclipse Merger Sub I, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company (“ Merger Sub I ”), Eclipse Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company (“ Merger Sub II ”), Endeavor Manager, LLC, a Texas limited liability company (the “ Company Representative ”) (solely for purposes of certain sections set forth therein), and Endeavor Parent, LLC, a Texas limited liability company (“ Endeavor ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539838/000114036124006881/0001140361-24-006881-index.htm

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