---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-041671"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2024-09-23T23:59:59+00:00"
generated_at: "2026-05-31T02:25:23.715658+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Diamondback Energy completes secondary offering of 14.4M shares and repurchases 2M shares from underwriters

## Summary
- Diamondback Energy (FANG) completed a secondary offering of 14,385,500 shares by Legacy Endeavor Stockholders, generating ~$2.2 billion in gross proceeds.
- The company repurchased 2,000,000 shares from underwriters at the offering price using existing cash, part of its share repurchase program.
- Evercore ISI, Citigroup, and J.P. Morgan acted as joint book-running managers for the offering.
- Diamondback received no proceeds from the secondary sale; selling stockholders received all proceeds.
- The offering was upsized from 11,270,000 shares to 12,770,000 shares, with full exercise of underwriters' option for 1,615,500 shares.

## SEC filing metadata
- accession: 0001140361-24-041671
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2024-09-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000114036124041671/0001140361-24-041671-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000114036124041671/ef20036148_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-041671
- JSON: https://secwatch.observer/filing/0001140361-24-041671.json
- Plain text: https://secwatch.observer/filing/0001140361-24-041671.txt

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