• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Diamondback Energy Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation

    6/12/25 4:38:07 PM ET
    $FANG
    Oil & Gas Production
    Energy
    Get the next $FANG alert in real time by email
    8-K
    false 0001539838 0001539838 2025-06-12 2025-06-12
     
     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    FORM 8-K

     

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d)

    of the Securities Exchange Act of 1934

    June 12, 2025

    Date of Report (Date of Earliest Event Reported)

     

     

    DIAMONDBACK ENERGY, INC.

    (Exact name of registrant as specified in its charter)

     

     

     

    Delaware   001-35700   45-4502447

    (State or other jurisdiction

    of incorporation)

     

    (Commission

    File Number)

     

    (IRS Employer

    Identification No.)

    500 West Texas Ave.

    Suite 100

    Midland, Texas 79701

    (Address of principal executive offices) (Zip Code)

    Registrant’s telephone number, including area code: (432) 221-7400

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class

     

    Trading
    Symbol(s)

     

    Name of each exchange

    on which registered

    Common stock, par value $0.01 per share   FANG   The Nasdaq Stock Market LLC
    (NASDAQ Global Select Market)

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

     

    ☐

    Emerging growth company

     

    ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

     

     
     


    Item 1.01

    Entry into a Material Definitive Agreement.

    On June 12, 2025, Diamondback Energy, Inc., as guarantor (the “Company”) and Diamondback E&P LLC (the “Borrower”) entered into a sixteenth amendment (the “Amendment”) to the Second Amended and Restated Credit Agreement, dated as of November 1, 2013, with Wells Fargo Bank, National Association, as administrative agent (the “Administrative Agent”), and the lenders party thereto (as amended, supplemented or otherwise modified to the date thereof and as further amended by the Amendment, the “Credit Agreement”).

    The Amendment extends the maturity date under the Credit Agreement from June 2, 2028 to June 12, 2030 and decreases the interest rate applicable to loans and certain fees payable under the Credit Agreement. After giving effect to the Amendment, outstanding borrowings under the Credit Agreement bear interest at a per annum rate elected by the Borrower that is equal to term SOFR or an alternate base rate (which is equal to the greatest of the prime rate, the federal funds effective rate plus 0.50%, and 1-month term SOFR plus 1.0%, subject to a 1.0% floor), in each case plus the applicable margin. The applicable margin ranges from 0.000% to 0.750% per annum in the case of alternate base rate loans and from 1.000% to 1.750% per annum in the case of term SOFR loans, in each case based on the pricing level. Further, the commitment fee ranges from 0.100% to 0.250% per annum on the average daily unused portion of the commitment, again based on the pricing level. The pricing level depends on certain rating agencies’ rating of the Company’s long-term senior unsecured debt. The other terms of the Credit Agreement remain unchanged following the Amendment.

    The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment attached hereto as Exhibit 10.1 and incorporated herein by reference.

    Many of the lenders under the Credit Agreement and/or their affiliates have in the past performed, and may in the future from time to time perform, investment banking, financial advisory, lending and/or commercial banking services, or other services for the Company and its subsidiaries (including in connection with the transactions described in this Form 8-K), for which they have received, and may in the future receive, customary compensation and expense reimbursement.

     

    Item 2.03

    Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

    The information included in Item 1.01 above is hereby incorporated by reference in its entirety into this Item 2.03.


    Item 9.01

    Financial Statements and Exhibits.

    (d) Exhibits

     

    Exhibit
     No. 

      

    Description

    10.1    Sixteenth Amendment to Second Amended and Restated Credit Agreement, dated as of June 12, 2025, by and among the Company, the Borrower, the lenders and other parties party thereto, and Wells Fargo Bank, National Association, as Administrative Agent.
    104    Cover Page Interactive Data File—the cover page XBRL tags are embedded within the Inline XBRL document


    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

    Diamondback Energy, Inc.
    By:  

    /s/ Jere Thompson

    Name:   Jere Thompson
    Title:   Executive Vice President and Chief Financial Officer

    Dated: June 12, 2025

    Get the next $FANG alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $FANG

    DatePrice TargetRatingAnalyst
    5/6/2025$165.00Outperform
    Evercore ISI
    5/2/2025$180.00Outperform
    RBC Capital Mkts
    4/29/2025$170.00Neutral → Buy
    BofA Securities
    4/7/2025$180.00Neutral → Buy
    Citigroup
    1/3/2025$190.00Peer Perform → Outperform
    Wolfe Research
    12/2/2024$227.00Buy
    Goldman
    10/14/2024$195.00Neutral
    Citigroup
    10/4/2024$205.00 → $215.00Market Perform → Outperform
    BMO Capital Markets
    More analyst ratings

    $FANG
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Plaumann Mark Lawrence acquired 2,965 shares, increasing direct ownership by 129% to 5,267 units (SEC Form 4)

      4 - Diamondback Energy, Inc. (0001539838) (Issuer)

      6/23/25 5:08:42 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Director Meloy Charles Alvin sold $955,499 worth of shares (6,153 units at $155.29) (SEC Form 4)

      4 - Diamondback Energy, Inc. (0001539838) (Issuer)

      6/20/25 4:01:49 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • CFO, Executive VP Thompson Jere W Iii sold $212,275 worth of shares (1,500 units at $141.52), decreasing direct ownership by 10% to 13,788 units (SEC Form 4)

      4 - Diamondback Energy, Inc. (0001539838) (Issuer)

      6/11/25 4:02:54 PM ET
      $FANG
      Oil & Gas Production
      Energy

    $FANG
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Second Quarter 2025 Conference Call for August 5, 2025

      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

      6/26/25 4:01:49 PM ET
      $FANG
      $VNOM
      Oil & Gas Production
      Energy
    • Diamondback Energy, Inc. Schedules Second Quarter 2025 Conference Call for August 5, 2025

      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

      6/26/25 4:01:38 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • EPIC Crude's Strategic Position in the Premium Corpus Christi Market Continues to Advance

      Port of Corpus Christi completes Milestone Ship Channel Improvement Project EPIC Crude Holdings, LP ("EPIC Crude" or "the Company") is excited that the Port of Corpus Christi has finalized their significant four-phase Channel Improvement Project ("CIP Project") that began in 2017. The CIP Project deepened the channel from 47 to 54 feet and widened the channel to 530 feet from 400 feet, all centered on accommodating the growing demand for larger vessels. The CIP Project was focused on expanding the waterways for larger vessels and two-way traffic while reducing overall transportation costs. This will allow the Port of Corpus Christi to enable more efficient transport of crude oil, liquefie

      6/24/25 7:00:00 AM ET
      $ARES
      $FANG
      $KNTK
      Investment Managers
      Finance
      Oil & Gas Production
      Energy

    $FANG
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Evercore ISI resumed coverage on Diamondback Energy with a new price target

      Evercore ISI resumed coverage of Diamondback Energy with a rating of Outperform and set a new price target of $165.00

      5/6/25 8:05:47 AM ET
      $FANG
      Oil & Gas Production
      Energy
    • RBC Capital Mkts resumed coverage on Diamondback Energy with a new price target

      RBC Capital Mkts resumed coverage of Diamondback Energy with a rating of Outperform and set a new price target of $180.00

      5/2/25 8:14:21 AM ET
      $FANG
      Oil & Gas Production
      Energy
    • Diamondback Energy upgraded by BofA Securities with a new price target

      BofA Securities upgraded Diamondback Energy from Neutral to Buy and set a new price target of $170.00

      4/29/25 8:04:03 AM ET
      $FANG
      Oil & Gas Production
      Energy

    $FANG
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Tsuru Frank D. bought $313,020 worth of shares (2,000 units at $156.51), increasing direct ownership by 54% to 5,730 units (SEC Form 4)

      4 - Diamondback Energy, Inc. (0001539838) (Issuer)

      3/4/25 8:58:43 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Director West Steven E bought $975,960 worth of shares (6,000 units at $162.66), increasing direct ownership by 98% to 12,135 units (SEC Form 4)

      4 - Diamondback Energy, Inc. (0001539838) (Issuer)

      12/17/24 4:35:02 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Director Reeves Robert K bought $509,760 worth of shares (2,832 units at $180.00), increasing direct ownership by 339% to 3,667 units (SEC Form 4)

      4 - Diamondback Energy, Inc. (0001539838) (Issuer)

      11/12/24 4:07:14 PM ET
      $FANG
      Oil & Gas Production
      Energy

    $FANG
    SEC Filings

    See more
    • SEC Form 144 filed by Diamondback Energy Inc.

      144 - Diamondback Energy, Inc. (0001539838) (Subject)

      6/17/25 4:45:31 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Diamondback Energy Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation

      8-K - Diamondback Energy, Inc. (0001539838) (Filer)

      6/12/25 4:38:07 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • SEC Form 8-K filed by Diamondback Energy Inc.

      8-K - Diamondback Energy, Inc. (0001539838) (Filer)

      6/4/25 4:42:44 PM ET
      $FANG
      Oil & Gas Production
      Energy

    $FANG
    Financials

    Live finance-specific insights

    See more
    • Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Second Quarter 2025 Conference Call for August 5, 2025

      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

      6/26/25 4:01:49 PM ET
      $FANG
      $VNOM
      Oil & Gas Production
      Energy
    • Diamondback Energy, Inc. Schedules Second Quarter 2025 Conference Call for August 5, 2025

      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

      6/26/25 4:01:38 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

      MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) ("Viper" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), and Sitio Royalties Corp. (NYSE:STR) ("Sitio") today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion, including Sitio's net debt of approximately $1.1 billion as of March 31, 2025. The consideration will consist of 0.4855 shares of Class A common stock of a new holding company ("pro forma Viper") for each share of Sitio Class A common stock, and 0.4855 units of Viper's operating subsidiary, Viper

      6/3/25 6:30:53 AM ET
      $FANG
      $STR
      $VNOM
      Oil & Gas Production
      Energy

    $FANG
    Leadership Updates

    Live Leadership Updates

    See more
    • Letter to Stockholders Issued by Diamondback Energy, Inc.

      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

      2/24/25 4:02:12 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Viper Energy Partners LP Announces Retirement of Board Member

      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

      12/15/22 4:01:03 PM ET
      $FANG
      $VNOM
      Oil & Gas Production
      Energy

    $FANG
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Diamondback Energy Inc.

      SC 13G/A - Diamondback Energy, Inc. (0001539838) (Subject)

      11/12/24 4:25:27 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Amendment: SEC Form SC 13G/A filed by Diamondback Energy Inc.

      SC 13G/A - Diamondback Energy, Inc. (0001539838) (Subject)

      11/8/24 10:34:33 AM ET
      $FANG
      Oil & Gas Production
      Energy
    • Amendment: SEC Form SC 13G/A filed by Diamondback Energy Inc.

      SC 13G/A - Diamondback Energy, Inc. (0001539838) (Subject)

      11/4/24 11:30:07 AM ET
      $FANG
      Oil & Gas Production
      Energy