Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2020, the company's total acreage position was approximately 449,642 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,316,441 thousand barrels of crude oil equivalent. It also held working interests in 4,326 gross producing wells, as well as royalty interests in 4,553 additional wells. In addition, the company owns mineral interests approximately 787,264 gross acres and 24,350 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 927 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
IPO Year: 2012
Exchange: NASDAQ
Website: diamondbackenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/25/2025 | Outperform | William Blair | |
| 8/20/2025 | $213.00 | Buy | Melius |
| 5/6/2025 | $165.00 | Outperform | Evercore ISI |
| 5/2/2025 | $180.00 | Outperform | RBC Capital Mkts |
| 4/29/2025 | $170.00 | Neutral → Buy | BofA Securities |
| 4/7/2025 | $180.00 | Neutral → Buy | Citigroup |
| 1/3/2025 | $190.00 | Peer Perform → Outperform | Wolfe Research |
| 12/2/2024 | $227.00 | Buy | Goldman |
| 10/14/2024 | $195.00 | Neutral | Citigroup |
| 10/4/2024 | $205.00 → $215.00 | Market Perform → Outperform | BMO Capital Markets |
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William Blair initiated coverage of Diamondback Energy with a rating of Outperform
Melius initiated coverage of Diamondback Energy with a rating of Buy and set a new price target of $213.00
Evercore ISI resumed coverage of Diamondback Energy with a rating of Outperform and set a new price target of $165.00
RBC Capital Mkts resumed coverage of Diamondback Energy with a rating of Outperform and set a new price target of $180.00
BofA Securities upgraded Diamondback Energy from Neutral to Buy and set a new price target of $170.00
Citigroup upgraded Diamondback Energy from Neutral to Buy and set a new price target of $180.00
Wolfe Research upgraded Diamondback Energy from Peer Perform to Outperform and set a new price target of $190.00
Goldman resumed coverage of Diamondback Energy with a rating of Buy and set a new price target of $227.00
Citigroup resumed coverage of Diamondback Energy with a rating of Neutral and set a new price target of $195.00
BMO Capital Markets upgraded Diamondback Energy from Market Perform to Outperform and set a new price target of $215.00 from $205.00 previously
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4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
3 - Diamondback Energy, Inc. (0001539838) (Reporting)
3 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
10-Q - Diamondback Energy, Inc. (0001539838) (Filer)
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8-K - Diamondback Energy, Inc. (0001539838) (Filer)
SD - Diamondback Energy, Inc. (0001539838) (Filer)
10-Q - Diamondback Energy, Inc. (0001539838) (Filer)
8-K - Diamondback Energy, Inc. (0001539838) (Filer)
8-K - Diamondback Energy, Inc. (0001539838) (Filer)
144 - Diamondback Energy, Inc. (0001539838) (Subject)
8-K - Diamondback Energy, Inc. (0001539838) (Filer)
8-K - Diamondback Energy, Inc. (0001539838) (Filer)
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With Sale of EPIC Crude, Y-Grade and Olefins Businesses in Last 10 Months, EPIC Has Now Driven Gross Transaction Value of Approximately $5.25 Billion EPIC Midstream Holdings ("EPIC") announced that it has completed the sale of its 45% operated interest in EPIC Crude Holdings, LP ("EPIC Crude") to Plains All American Pipeline (NASDAQ:PAA)("Plains"). Plains had already completed the purchase of 55% of EPIC Crude's non-operated interest from Diamondback Energy (NASDAQ:FANG) and Kinetik Holdings, Inc (NYSE:KNTK). EPIC Crude owns long haul crude oil pipelines and associated oil terminal/logistics facilities that serve both the Permian and Eagle Ford basins. The completion of the sale of EPIC C
MIDLAND, Texas, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback," "we," "our" or the "Company") today announced financial and operating results for the third quarter ended September 30, 2025. THIRD QUARTER 2025 HIGHLIGHTS Average oil production of 503.8 MBO/d (942.9 MBOE/d)Net cash provided by operating activities of $2.4 billion; Operating Cash Flow Before Working Capital Changes1 of $2.5 billionCash capital expenditures of $774 millionFree Cash Flow1 of $1.8 billion; Adjusted Free Cash Flow1 of $1.8 billionDeclared Q3 2025 base cash dividend of $1.00 per share payable on November 20, 2025; implies a 2.8% annualized yield based on October 31, 2025
MIDLAND, Texas, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) ("Viper," "we," "our" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the third quarter ended September 30, 2025. THIRD QUARTER HIGHLIGHTS Q3 2025 average production of 56,087 bo/d (108,859 boe/d)Q3 2025 consolidated net loss (including non-controlling interest) of $197 million; net loss attributable to Viper of $77 million, or $0.52 per Class A common share; consolidated adjusted net income of $156 million, or $1.04 per Class A common shareQ3 2025 pro forma cash available for distribution to Viper's Class A comm
MIDLAND, Texas, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"). Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. Macro UpdateA couple of quarters ago, we began to tie the macro environment and our corresponding activity levels to the colors of a stoplight, where "green" means we accelerate activity for organic growth, "yellow" me
MIDLAND, Texas, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Deep Blue Midland Basin LLC ("Deep Blue"), the Midland Basin's largest independent water infrastructure platform, today announced the closing of its previously announced acquisition of Environmental Disposal Systems, LLC ("EDS") from Diamondback Energy, Inc. ("Diamondback"). Deep Blue was formed in 2023 as a joint venture between Diamondback and Five Point Infrastructure. Diamondback maintained a 30% equity interest in Deep Blue and received approximately $695 million in upfront cash proceeds. Diamondback will also have the potential to receive up to $200 million of additional cash proceeds through performance-based earnouts until the end
MIDLAND, Texas, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release third quarter 2025 financial results on November 3, 2025 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the third quarter of 2025 on Tuesday, November 4, 2025 at 8:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Diamondback's website at www.diamondbackenergy.com under the "Investor
MIDLAND, Texas, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) ("Viper"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release third quarter 2025 financial results on November 3, 2025 after the market closes. In connection with the earnings release, Viper will host a conference call and webcast for investors and analysts to discuss its results for the third quarter of 2025 on Tuesday, November 4, 2025 at 11:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Viper's website
FORT WORTH, Texas, Sept. 16, 2025 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or the "Company") (NASDAQ:HPK) today announced that the Board of Directors (the "Board") and Mr. Jack Hightower, current Chief Executive Officer and Chairman of the Board, have agreed that Mr. Hightower will retire from his positions with the Company, including as Chief Executive Officer, a director and Chairman of the Board. The Company also announced that Michael L. Hollis, current President of the Company and a member of the Board, has been appointed Interim Chief Executive Officer of the Company, effective immediately. Mr. Hollis has served as President of HighPeak and a member of the Board since
Diamondback and Five Point solidify Deep Blue's leadership as the Midland Basin's largest independent water infrastructure platform Acquisition doubles Deep Blue's scale, unlocks compelling operational and commercial synergies across integrated platform MIDLAND, Texas, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Deep Blue Midland Basin LLC ("Deep Blue"), Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback") and Five Point Infrastructure LLC ("Five Point") today announced an agreement for Deep Blue to acquire Environmental Disposal Systems, LLC ("EDS") from Diamondback, nearly doubling Deep Blue's scale and advancing its leadership in sustainable produced water management. The EDS acquisition is
MIDLAND, Texas, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback") today announced that its wholly owned subsidiaries have entered into a definitive agreement to sell their 27.5% equity interest in EPIC Crude Holdings, LP ("EPIC Crude"), an affiliate of EPIC Midstream Holdings LP, to a wholly owned subsidiary of Plains All American Pipeline, L.P. and Plains GP Holdings (collectively "Plains") for approximately $500 million in net upfront cash and an additional $96 million contingent cash payment due should a capacity expansion of EPIC Crude be formally sanctioned before year-end 2027 ("Contingent Consideration"). The transaction terms imply an upfront
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FORT WORTH, Texas, Sept. 16, 2025 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or the "Company") (NASDAQ:HPK) today announced that the Board of Directors (the "Board") and Mr. Jack Hightower, current Chief Executive Officer and Chairman of the Board, have agreed that Mr. Hightower will retire from his positions with the Company, including as Chief Executive Officer, a director and Chairman of the Board. The Company also announced that Michael L. Hollis, current President of the Company and a member of the Board, has been appointed Interim Chief Executive Officer of the Company, effective immediately. Mr. Hollis has served as President of HighPeak and a member of the Board since
MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. 2024: Year in Review 2024 was arguably the most transformational year in the Company's history. In February, we announced the $26 billion merger with Endeavor Energy, creating the must own Permian Pure Play. The merger not only made Diamondback bigger, with a combined ~722
MIDLAND, Texas, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Viper Energy Partners LP (NASDAQ:VNOM) ("Viper" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that Rosalind Redfern Grover, who has served as a member of the Board of Directors of Viper's General Partner since 2014, has elected to retire from the Board, effective at the end of the year. "On behalf of the entire Board and management team, I would like to thank Rosalind for her over eight years of service as a member of the Board. Her leadership and experience in the oil and gas industry was instrumental in helping Viper pave the way as a public company in the minerals and royaltie
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MIDLAND, Texas, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback," "we," "our" or the "Company") today announced financial and operating results for the third quarter ended September 30, 2025. THIRD QUARTER 2025 HIGHLIGHTS Average oil production of 503.8 MBO/d (942.9 MBOE/d)Net cash provided by operating activities of $2.4 billion; Operating Cash Flow Before Working Capital Changes1 of $2.5 billionCash capital expenditures of $774 millionFree Cash Flow1 of $1.8 billion; Adjusted Free Cash Flow1 of $1.8 billionDeclared Q3 2025 base cash dividend of $1.00 per share payable on November 20, 2025; implies a 2.8% annualized yield based on October 31, 2025
MIDLAND, Texas, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"). Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. Macro UpdateA couple of quarters ago, we began to tie the macro environment and our corresponding activity levels to the colors of a stoplight, where "green" means we accelerate activity for organic growth, "yellow" me
MIDLAND, Texas, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release third quarter 2025 financial results on November 3, 2025 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the third quarter of 2025 on Tuesday, November 4, 2025 at 8:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Diamondback's website at www.diamondbackenergy.com under the "Investor
MIDLAND, Texas, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) ("Viper"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release third quarter 2025 financial results on November 3, 2025 after the market closes. In connection with the earnings release, Viper will host a conference call and webcast for investors and analysts to discuss its results for the third quarter of 2025 on Tuesday, November 4, 2025 at 11:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Viper's website
Diamondback and Five Point solidify Deep Blue's leadership as the Midland Basin's largest independent water infrastructure platform Acquisition doubles Deep Blue's scale, unlocks compelling operational and commercial synergies across integrated platform MIDLAND, Texas, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Deep Blue Midland Basin LLC ("Deep Blue"), Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback") and Five Point Infrastructure LLC ("Five Point") today announced an agreement for Deep Blue to acquire Environmental Disposal Systems, LLC ("EDS") from Diamondback, nearly doubling Deep Blue's scale and advancing its leadership in sustainable produced water management. The EDS acquisition is
MIDLAND, Texas, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback") today announced that its wholly owned subsidiaries have entered into a definitive agreement to sell their 27.5% equity interest in EPIC Crude Holdings, LP ("EPIC Crude"), an affiliate of EPIC Midstream Holdings LP, to a wholly owned subsidiary of Plains All American Pipeline, L.P. and Plains GP Holdings (collectively "Plains") for approximately $500 million in net upfront cash and an additional $96 million contingent cash payment due should a capacity expansion of EPIC Crude be formally sanctioned before year-end 2027 ("Contingent Consideration"). The transaction terms imply an upfront
MIDLAND, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. Before we begin, we are deeply saddened by the tragic Texas flooding last month and grieve with the impacted families and communities. While there are many global tragedies we have chosen not to speak about as a company, this unimaginable event hit close to home as many fr
MIDLAND, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback" or the "Company") today announced financial and operating results for the second quarter ended June 30, 2025. SECOND QUARTER 2025 AND RECENT HIGHLIGHTS Average oil production of 495.7 MBO/d (919.9 MBOE/d)Net cash provided by operating activities of $1.7 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $2.1 billionCash capital expenditures of $864 millionFree Cash Flow (as defined and reconciled below) of $1.2 billion; Adjusted Free Cash Flow (as defined and reconciled below) of $1.3 billionDeclared Q2 2025 base cash dividend of $1.00
MIDLAND, Texas, June 26, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) ("Viper"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release second quarter 2025 financial results on August 4, 2025 after the market closes. In connection with the earnings release, Viper will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2025 on Tuesday, August 5, 2025 at 10:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Viper's website at
MIDLAND, Texas, June 26, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release second quarter 2025 financial results on August 4, 2025 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2025 on Tuesday, August 5, 2025 at 8:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Diamondback's website at www.diamondbackenergy.com under the "Investor Re
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