Welcome to our dedicated page for Diamondback Ener news (Ticker: FANG), a resource for investors and traders seeking the latest updates and insights on Diamondback Ener stock.
Diamondback Energy, Inc. (FANG) is an independent oil and gas producer focused exclusively on developing unconventional resources within the Permian Basin. This page provides authorized news updates and verified developments directly from the company and trusted industry sources.
Access real-time announcements including quarterly earnings disclosures, operational milestones, and strategic initiatives like acreage acquisitions. Investors will find essential updates on production efficiencies, resource development progress, and financial performance metrics.
All content undergoes strict verification to ensure compliance with financial reporting standards. Bookmark this page for immediate access to merger announcements, leadership updates, and technical innovations driving Diamondback's low-cost production model.
Diamondback Energy (NASDAQ: FANG) has released its Q1 2025 operational update, highlighting average production of 475.9 MBO/d (850.7 MBOE/d). The company reported average unhedged realized prices of $70.95 per barrel of oil, $23.94 per barrel of natural gas liquids, and $2.11 per Mcf of natural gas.
Key financial highlights include a total gain on derivatives of $226 million, comprising an $85 million realized hedge gain and a $141 million unrealized hedge gain. Cash capital expenditures reached $942 million. The company actively pursued share repurchases, buying back 3.66 million shares in Q1 for $575 million at an average price of $157.15 per share, followed by an additional 1.56 million shares in Q2 for $200 million at $128.19 per share.
In response to market volatility, Diamondback is reviewing its 2025 operating plan and maintains flexibility to reduce activity to maximize free cash flow generation if low commodity prices persist.
Diamondback Energy (NASDAQ: FANG) has successfully completed its previously announced acquisition of certain subsidiaries of Double Eagle IV Midco, . The transaction, announced on April 1, 2025, marks a significant corporate development for the Midland, Texas-based energy company.
Diamondback Energy (NASDAQ: FANG) has announced its schedule for the first quarter 2025 financial results release and conference call. The company will release its Q1 2025 financial results on May 5, 2025 after market close, followed by an investor and analyst conference call on May 6, 2025 at 8:00 a.m. CT.
The earnings conference call will be accessible via webcast through Diamondback's website under the 'Investor Relations' section. Diamondback Energy is an independent oil and natural gas company based in Midland, Texas, specializing in unconventional, onshore oil and natural gas reserves development in the Permian Basin region of West Texas.
Diamondback Energy (NASDAQ: FANG) has successfully priced a $1.2 billion senior notes offering with a 5.550% interest rate, maturing on April 1, 2035. The notes are priced at 99.937% of the principal amount.
The company plans to use the proceeds for general corporate purposes, including financing part of the pending acquisition of certain Double Eagle IV Midco subsidiaries and related fees. The offering is expected to close on March 20, 2025, subject to customary conditions.
The notes will be sold through a registered offering with joint book-running managers including BofA Securities, Barclays Capital, PNC Capital Markets, and TD Securities. The offering is being conducted under an effective shelf registration statement previously filed with the SEC.
Diamondback Energy (FANG) reports on its transformational 2024, highlighting the $26 billion merger with Endeavor Energy that created a leading Permian Basin operator with ~722,000 net acres. The company achieved daily production of 598 MBOE/d (56% oil) with $2.9 billion in capital expenditures, generating $6.4 billion in operating cash flow and $4.0 billion in Adjusted Free Cash Flow.
Key developments include a $4.1 billion acquisition from Double Eagle IV, operational efficiency improvements reducing well costs by 7% year-over-year, and a $4.45 billion mineral drop-down to Viper Energy. The company announced an 11% increase in base dividend to $1.00 per share quarterly. For 2025, FANG projects production of 485-498 MBO/d with $3.8-$4.2 billion capital budget, representing a 10% improvement in capital efficiency.
The company also announced a leadership transition, with CEO Travis Stice moving to Executive Chairman and Kaes Van't Hof assuming the CEO role at the 2025 Annual Meeting.
Diamondback Energy (NASDAQ: FANG) reported strong Q4 and full-year 2024 financial results. Q4 highlights include average production of 475.9 MBO/d, net cash from operations of $2.3 billion, and Free Cash Flow of $1.3 billion. The company increased its annual base dividend by 11% to $4.00 per share.
For full-year 2024, FANG achieved average production of 337.0 MBO/d, generated $6.4 billion in operating cash flow, and reported Free Cash Flow of $3.6 billion. The company completed significant acquisitions including Endeavor Energy Resources and TRP Energy.
Looking ahead to 2025, Diamondback projects oil production of 485-498 MBO/d with capital expenditures of $3.8-$4.2 billion. The guidance includes the pending Double Eagle acquisition expected to close April 1, 2025. The company's proved reserves increased 63% year-over-year to 3,557 MMBOE as of December 31, 2024.
Diamondback Energy (NASDAQ: FANG) announced a major leadership transition plan. Travis D. Stice will step down as CEO at the 2025 Annual Meeting of Stockholders and transition to Executive Chairman through 2026. Kaes Van't Hof, current President, will become CEO and join the Board of Directors in 2025.
Additionally, Jere W. Thompson III has been promoted to Executive Vice President and Chief Financial Officer, effective immediately. David L. Houston will retire from the Board of Directors at the 2025 Annual Meeting.
Under Stice's 14-year leadership, Diamondback transformed from a small-cap oil producer in 2012 into one of North America's largest oil and gas companies. Van't Hof indicated that the company will continue its successful strategy of acquire and exploit, focusing on best-in-class execution, low-cost operations, and transparency.
Double Eagle IV Midco has entered into a definitive purchase agreement to sell its equity interest in certain subsidiaries to Diamondback Energy (NASDAQ: FANG) for $3 billion in cash and approximately 6.9 million shares of Diamondback common stock. The transaction involves assets in the Midland Basin and is expected to close on April 1, 2025.
Double Eagle's leadership expressed confidence in Diamondback as a high-quality Midland operator that shares their core values and understanding of community impact in West Texas. EnCap's partner highlighted the natural fit of the asset base with Diamondback's operations and expressed enthusiasm about becoming a significant shareholder.
Diamondback Energy (NASDAQ: FANG) has announced a definitive agreement to acquire subsidiaries of Double Eagle IV Midco for approximately 6.9 million shares of common stock and $3 billion in cash. The acquisition includes approximately 40,000 net acres in the Midland Basin with estimated production of 27 MBo/d.
The transaction, valued at 5.2x 2025 EBITDA, includes 407 gross horizontal locations with average lateral length exceeding 11,000 feet. Diamondback commits to selling at least $1.5 billion of non-core assets to reduce debt, targeting net debt reduction to $10 billion. The company expects to close the deal by April 1, 2025.
The acquisition is expected to enhance 2026 Free Cash Flow per share by over 5% and be immediately accretive to key financial metrics. The deal will be funded through cash on hand, credit facility borrowings, and potential term loans and senior notes offerings.
Diamondback Energy (NASDAQ: FANG) has appointed Darin G. Holderness to its Board of Directors, effective February 3, 2025. Holderness brings over 30 years of energy sector experience, having served in key roles including founder and CFO of P&A Exchange , CFO of ProPetro Holding Corp., and Senior VP, CFO and Treasurer of Concho Resources.
The appointment marks Holderness as the fourth Board member from the Endeavor merger completed in late 2024. His background includes over nine years with KPMG LLP focusing on the energy sector, and board positions at JMR Services , Ranger Oil (where he served as chairman), and Rock Solid Lifestyles, Inc.
CEO Travis Stice highlighted Holderness's deep knowledge of the Permian Basin and the Diamondback story, noting his anticipated contribution to the audit committee.
