Highest-materiality recent filing
Diamondback amends credit facility: maturity extended to 2031, commitments raised to $3.0B
Maturity extended from June 12, 2030 to June 12, 2031 under seventeenth amendment.
Diamondback Energy Q1 oil production 521 MBO/d, raises dividend 10%, increases production guidance
Average Q1 oil production 521.0 MBO/d (979.4 MBOE/d); net cash ops $1.8B; operating cash flow before WC changes $2.6B; FCF $1.7B.
Diamondback secondary offering of 12.65M shares by SGF FANG Holdings raises ~$1.9B
Selling stockholder SGF FANG Holdings, LP sold 12.65M shares (11M base + 1.65M over-allotment) in a secondary offering.
Diamondback Energy Q4 FCF $1.0B, annual dividend raised 5% to $4.20, net debt down 8% QoQ
Average oil production 512.8 MBO/d; net cash from ops $2.3B; cash capex $943M.
Diamondback agrees to repurchase up to 3M shares quarterly from SGF; buys 2M at $152.59
Letter agreement lets SGF sell up to 3M shares per quarter to Diamondback through Dec 31, 2026 at the latest NASDAQ closing price.
Diamondback Energy Q3 2025: FCF $1.8B; dividend $1.00/share; $603M buyback.
Average oil production 503.8 MBO/d (942.9 MBOE/d); net cash from ops $2.4B.
Diamondback Q2 EPS $2.38, FCF $1.2B; raises buyback cap to $8B, narrows oil guidance
Q2 net income $699M ($2.38 diluted EPS); adjusted net income $785M ($2.67). Cash from ops $1.7B; FCF $1.2B.
Diamondback extends credit facility maturity to 2030, reduces borrowing margin
Maturity date extended from June 2, 2028 to June 12, 2030; all lenders consented.
Diamondback subsidiary Viper to acquire Sitio Royalties in $4.1B all-equity deal
Deal value ~$4.1B including ~$1.1B net debt of Sitio as of March 31, 2025.
Diamondback Energy CEO transition: Stice becomes Executive Chairman, Van't Hof new CEO
Travis Stice stepped down as CEO effective May 21, 2025; became Executive Chairman.
Diamondback Q1 EPS $4.83; cuts FY25 capex to $3.4-3.8B, lowers oil output guidance
Net income $1.4B ($4.83/diluted EPS); adjusted EPS $4.54. Net cash from ops $2.4B.
Diamondback Q1 ops: avg prod 475.9 MBO/d, warns of activity cuts if low prices persist
Q1 2025 average production 475.9 MBO/d (850.7 MBOE/d); unhedged oil price $70.95/bbl.
Diamondback pro forma combined net income $3.055B; diluted EPS $10.32 for FY2024
Combined FY2024 revenue $15.5B; net income attributable to Diamondback $3.055B; diluted EPS $10.32.
Diamondback Energy enters $1.5B term loan to fund pending Double Eagle acquisition
$1.5B unsecured term loan facility entered on March 21, 2025 to fund part of Double Eagle acquisition cash consideration.
Issued $1.2B aggregate principal of 5.550% senior notes maturing April 1, 2035 at 99.937% of par.
Diamondback Energy Q4 net income $1.1B, raises annual base dividend 11% to $4.00
Q4 2024 diluted EPS $3.67 ($3.64 adjusted); FY 2024 diluted EPS $15.53 ($16.57 adjusted).
Travis Stice steps down as CEO at 2025 annual meeting; becomes Executive Chairman through 2026 annual meeting.
Diamondback Energy to acquire Double Eagle assets for $3B cash + 6.9M shares
Consideration: $3B cash and ~6.9M common shares valued at ~5.2x 2025 EBITDA.
Q3 net income $659M ($3.19 diluted EPS); adjusted net income $698M ($3.38 diluted EPS).
Diamondback reports Q3 2024 realized oil price $73.13/bbl; natural gas negative ($0.26)/Mcf
Unhedged realized prices: oil $73.13/Bbl, natural gas ($0.26)/Mcf, NGLs $17.70/Bbl.
Diamondback revises Q3 guidance to 319-321 MBO/d oil, $675-700M capex post-Endeavor merger
Q3 2024 oil production guidance: 319-321 MBO/d (565-569 MBOE/d total).
Diamondback Energy (FANG) completed a secondary offering of 14,385,500 shares by Legacy Endeavor Stockholders, generating ~$2.2 billion in gross proceeds.
Endeavor posts H1 2024 net loss of $119M on $2.05B tax charge; Diamondback deal closed Sept 10
Net loss of $119M vs net income of $1.799B in H1 2023; revenue rose 12% to $3.213B.
Diamondback Energy boosts buyback authorization to $6B from $4B
Board increased share repurchase authorization by $2B to $6B total.
Diamondback closes Endeavor merger; $7.1B cash + 117.3M shares, board expanded to 12
Acquisition closed Sept 10; Diamondback paid ~$7.1B cash and ~117.3M common shares to acquire 100% of Endeavor.
Diamondback Q2 net income $837M, EPS $4.66; raises FY2024 oil production, lowers capex
Q2 net income $837M ($4.66 diluted EPS); adjusted net income $813M ($4.52 adj. EPS).
Diamondback Energy Q1 net income $768M, EPS $4.28; declares $0.90 base + $1.07 variable dividend
Q1 net income $768M ($4.28 diluted EPS); adjusted net income $809M ($4.50 diluted EPS).
Diamondback stockholders approve share issuance for Endeavor merger; FTC issues Second Request
Stockholders approved issuance of 117,267,069 shares for Endeavor merger (148,982,468 for, 197,120 against).
Issued $850M 5.200% notes due 2027, $850M 5.150% notes due 2030, $1.3B 5.400% notes due 2034, $1.5B 5.750% notes due 2054, $1.0B 5.900% notes due 2064.
Diamondback Energy prices $5.5B senior notes offering to fund Endeavor acquisition
Priced $850M each of 2027 (5.200%) and 2030 (5.150%) notes; $1.3B 2034 (5.400%), $1.5B 2054 (5.750%), $1.0B 2064 (5.900%) notes.
Diamondback Q1 2024 avg oil $75.06/bbl, natural gas $0.99/Mcf, derivative loss $48M
Average unhedged realized price for oil $75.06/Bbl, natural gas $0.99/Mcf, NGLs $21.26/Bbl.
Diamondback Energy arranges $1.5B term loan and upsizes revolver to $2.5B for Endeavor deal
Term Loan: $1B Tranche A + $500M Tranche B, unsecured, to fund cash portion of Endeavor acquisition.
Diamondback Q4 net income $960M, raises base dividend 7%, guides robust 2024 production
Q4 net income $960M ($5.34 diluted EPS); adjusted net income $854M ($4.74).
Diamondback Energy to acquire Endeavor for $8B cash plus ~117.3M shares
Acquires Endeavor for $8.0B cash and ~117.3M shares of Diamondback common stock.
Travis D. Stice stepped down as Executive Chairman of the Board of Directors of the Company (the “Board”) and became non-executive Chairman of the Board, in each case effective as of May 20, 2026, the date of the Company’s 2026 Annual Meeting of Stockholders (the “2026 Annual Meeting”).
Travis D. Stice stepped down as Chief Executive Officer of the Company and became Executive Chairman of the Board of Directors of the Company, in each case effective as of May 21, 2025
At the 2025 Annual Meeting, Mr. Van’t Hof was also elected to serve as a director of the Company until the 2026 Annual Meeting of Stockholders
Effective as of the date of the 2025 Annual Meeting, Kaes Van’t Hof, former President of the Company, succeeded Mr. Stice as Chief Executive Officer.
David L. Houston, who served as a director of the Company since the Company’s initial public offering, did not stand for re-election at the 2025 Annual Meeting and retired as a director and member of the Company’s Audit Committee and Safety, Sustainability and Corporate Responsibility Committee, effective as of the date of the 2025 Annual Meeting.
Kaes Van’t Hof, current President and Chief Financial Officer of the Company, will succeed Mr. Stice as Chief Executive Officer and will be nominated for election to the Board at the Company’s 2025 Annual Meeting of Stockholders.
David L. Houston, who has been a member of the Board since the Company’s initial public offering and who currently serves on the Company’s Audit Committee and Safety, Sustainability and Corporate Responsibility Committee, informed the Company of his decision to retire as a director when his existing term concludes immediately after the 2025 Annual Meeting of Stockholders.
Travis D. Stice intends to step down as Chief Executive Officer effective as of the Company’s 2025 Annual Meeting of Stockholders. At that time, Mr. Stice will transition from Chief Executive Officer to Executive Chairman of the Board of Directors of the Company (the “Board”)
Effective as of February 20, 2025, Jere W. Thompson III, current Executive Vice President of Strategy and Corporate Development of the Company, will assume the role of Executive Vice President and Chief Financial Officer.
the Board of Directors of the Company (the “ Board ”) increased the size of the Board by one director and appointed Darin G. Holderness to the resulting vacancy (the “ Appointment ”).
Pursuant to the Merger Agreement and Stockholders Agreement, the Company and the former members of Endeavor who received Company Common Stock in the Acquisition mutually agreed to cause each of Lance Robertson, Charles Meloy and Robert K. Reeves to be appointed to the board of directors of the Company (the “ Board ”).
Pursuant to the Merger Agreement and Stockholders Agreement, the Company and the former members of Endeavor who received Company Common Stock in the Acquisition mutually agreed to cause each of Lance Robertson, Charles Meloy and Robert K. Reeves to be appointed to the board of directors of the Company (the “ Board ”).
Max materiality 0.90 · Median 0.68 · Most common event earnings