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 |
|---|---|---|---|
| 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 |
| 10/2/2024 | $216.00 → $210.00 | Equal Weight → Overweight | Barclays |
| 10/2/2024 | $167.00 → $182.00 | Overweight | JP Morgan |
| 9/16/2024 | $185.00 | Hold | Jefferies |
| 7/18/2024 | Peer Perform | Wolfe Research | |
| 6/6/2024 | $243.00 | Outperform | Bernstein |
| 4/10/2024 | $214.00 | Equal Weight | Barclays |
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MIDLAND, Texas, Jan. 09, 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 fourth quarter 2024 financial results on February 24, 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 fourth quarter of 2024 on Tuesday, February 25, 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 webs
MIDLAND, Texas, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release fourth quarter 2024 financial results on February 24, 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 fourth quarter of 2024 on Tuesday, February 25, 2025 at 8:00 a.m. CT. Access to the 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 R
Cottonmouth and Verde have entered into an agreement for a $50 million equity investment through the purchase of 12.5 million shares of Verde Class A common stock by Cottonmouth at a purchase price of $4.00 per share Closing of the investment is anticipated to occur during Q1 2025, subject to satisfaction of customary closing conditions Proceeds from the investment are expected to be used to further the development and construction of potential natural gas-to-gasoline production plants in the Permian Basin and for other general corporate purposes The investment would increase Cottonmouth's total investment in Verde to $70 million and Cottonmouth would become the second largest sha
HOUSTON, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy (NYSE:FANG), Halliburton Energy Services (NYSE:HAL), and VoltaGrid LLC have entered into a landmark agreement to deploy four advanced electric simul-frac fleets across the Permian Basin. This collaboration represents a significant investment in clean and efficient energy solutions, with VoltaGrid delivering approximately 200 megawatts (MW) of electric power to support Diamondback Energy's field operations. This marks a continuation of a longstanding partnership focused on sustainability and operational excellence. The electric simul-frac fleets will integrate Halliburton's ZEUS™ 6,000-horsepower (HHP) all-electric fracturing te
MIDLAND, Texas, Nov. 04, 2024 (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. Endeavor Closing: Diamondback closed the Endeavor transaction on September 10th, which began the next chapter of the Company's short history. In just under two months, the Diamondback and Endeavor teams have worked quickly towards a seamless integration. We onboarded more
MIDLAND, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback" or the "Company") today announced financial and operating results for the third quarter ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS As previously announced, closed merger with Endeavor Energy Resources, L.P. ("Endeavor") on September 10, 2024Average production of 321.1 MBO/d (571.1 MBOE/d)Net cash provided by operating activities of $1.2 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $1.4 billionCash capital expenditures of $688 millionFree Cash Flow (as defined and reconciled below) of $708 million; Adjusted Free Cash Flow
MIDLAND, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc., (NASDAQ:VNOM) ("Viper" 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, 2024. THIRD QUARTER HIGHLIGHTS Q3 2024 average production of 26,978 bo/d (49,370 boe/d), an increase of 2.4% from Q2 2024Q3 2024 consolidated net income (including non-controlling interest) of $109.0 million; net income attributable to Viper Energy, Inc. of $48.9 million, or $0.52 per common shareQ3 2024 cash available for distribution to Viper's common shares (as defined and reconciled below) of $75.4 million, or $0.7
EPIC Crude Holdings, LP ("EPIC Crude" or "the Company") today announced that it has completed the issuance of a new $1,200 million senior secured Term Loan B due 2031. The Company used the net proceeds from the Term Loan to repay its existing $1,125 million Term Loan B and Term Loan C due 2026 and repay its existing $40 million senior secured revolver due 2026. As part of the transaction, the Company entered into a new agreement for a super-priority revolving credit facility of $125 million due 2029, undrawn at close. This refinancing is a key component of the overall transformation of the EPIC Crude business and is reflected in the Company's Ba3 and BB- credit ratings from Moody's and S&P,
Acquisition of High-Quality Acreage in Core Regions of the Permian to Generate Accretive Growth Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of an acquisition of Permian oil and gas mineral and royalty interests for $286 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241002719080/en/Asset Map (Graphic: Business Wire) The interests span across approximately 7,490 net royalty acres ("NRA") located primarily in the Midland Basin in Martin (~2,220 NRA), Midland (~2,080 NRA), and other counties, with over 80% of the acquired interests adjacent to or overlapping existi
MIDLAND, Texas, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback" or the "Company") today announced revised Q3 2024 production and capital guidance. This guidance has been updated to give effect to the Endeavor Energy Resources, L.P. ("Endeavor") merger, which was completed on September 10, 2024. REVISED THIRD QUARTER 2024 GUIDANCE Q3 2024 oil production guidance of 319 – 321 MBO/d (565 – 569 MBOE/d)Q3 2024 cash CAPEX guidance of $675 – $700 million About Diamondback Energy, Inc. Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconve
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8-K - Diamondback Energy, Inc. (0001539838) (Filer)
8-K - Diamondback Energy, Inc. (0001539838) (Filer)
8-K - Diamondback Energy, Inc. (0001539838) (Filer)
8-K - Diamondback Energy, Inc. (0001539838) (Filer)
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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
Barclays upgraded Diamondback Energy from Equal Weight to Overweight and set a new price target of $210.00 from $216.00 previously
JP Morgan resumed coverage of Diamondback Energy with a rating of Overweight and set a new price target of $182.00 from $167.00 previously
Jefferies resumed coverage of Diamondback Energy with a rating of Hold and set a new price target of $185.00
Wolfe Research initiated coverage of Diamondback Energy with a rating of Peer Perform
Bernstein initiated coverage of Diamondback Energy with a rating of Outperform and set a new price target of $243.00
Barclays initiated coverage of Diamondback Energy with a rating of Equal Weight and set a new price target of $214.00
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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
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)
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4 - Diamondback Energy, Inc. (0001539838) (Issuer)
MIDLAND, Texas, Jan. 09, 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 fourth quarter 2024 financial results on February 24, 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 fourth quarter of 2024 on Tuesday, February 25, 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 webs
MIDLAND, Texas, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release fourth quarter 2024 financial results on February 24, 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 fourth quarter of 2024 on Tuesday, February 25, 2025 at 8:00 a.m. CT. Access to the 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 R
MIDLAND, Texas, Nov. 04, 2024 (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. Endeavor Closing: Diamondback closed the Endeavor transaction on September 10th, which began the next chapter of the Company's short history. In just under two months, the Diamondback and Endeavor teams have worked quickly towards a seamless integration. We onboarded more
MIDLAND, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback" or the "Company") today announced financial and operating results for the third quarter ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS As previously announced, closed merger with Endeavor Energy Resources, L.P. ("Endeavor") on September 10, 2024Average production of 321.1 MBO/d (571.1 MBOE/d)Net cash provided by operating activities of $1.2 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $1.4 billionCash capital expenditures of $688 millionFree Cash Flow (as defined and reconciled below) of $708 million; Adjusted Free Cash Flow
Acquisition of High-Quality Acreage in Core Regions of the Permian to Generate Accretive Growth Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of an acquisition of Permian oil and gas mineral and royalty interests for $286 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241002719080/en/Asset Map (Graphic: Business Wire) The interests span across approximately 7,490 net royalty acres ("NRA") located primarily in the Midland Basin in Martin (~2,220 NRA), Midland (~2,080 NRA), and other counties, with over 80% of the acquired interests adjacent to or overlapping existi
MIDLAND, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release third quarter 2024 financial results on November 4, 2024 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 2024 on Tuesday, November 5, 2024 at 8:00 a.m. CT. Access to the 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 Rela
MIDLAND, Texas, Sept. 25, 2024 (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 2024 financial results on November 4, 2024 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 2024 on Tuesday, November 5, 2024 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
MIDLAND, Texas, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) ("Viper" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced it and its operating subsidiary Viper Energy Partners LLC ("OpCo") have entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interest- owning subsidiaries of Tumbleweed Royalty IV, LLC in exchange for $461.0 million of cash and approximately 10.1 million OpCo units, subject to customary adjustments. The cash portion of this transaction is expected to be funded through a combination of cash on hand, borrowings under the Company's credit facility, and proc
MIDLAND, Texas, Aug. 05, 2024 (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. Diamondback built significant momentum in the first half of the year. As a result of our first and second quarter performance, we are increasing our full year production guidance and lowering our annual capex guidance. Our operations team has done an incredible job of focu
MIDLAND, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc., (NASDAQ:VNOM) ("Viper" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the second quarter ended June 30, 2024. SECOND QUARTER HIGHLIGHTS Q2 2024 average production of 26,352 bo/d (47,473 boe/d), an increase of 3.7% from Q1 2024Q2 2024 consolidated net income (including non-controlling interest) of $122.2 million; net income attributable to Viper Energy, Inc. of $56.9 million, or $0.62 per common shareQ2 2024 cash available for distribution to Viper's common shares (as defined and reconciled below) of $78.4 million, or $0.86 p