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Diamondback Energy, Inc. - $FANG STOCK NEWS

Welcome to our dedicated page for Diamondback Energy news (Ticker: $FANG), a resource for investors and traders seeking the latest updates and insights on Diamondback Energy stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Diamondback Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Diamondback Energy's position in the market.

Rhea-AI Summary
Verde Clean Fuels, Inc. (NASDAQ: VGAS) and Cottonmouth Ventures LLC, a subsidiary of Diamondback Energy (NASDAQ: FANG), have signed a Joint Development Agreement to produce commodity-grade gasoline using natural gas feedstock from Diamondback's operations in the Permian Basin. The project aims to produce 3,000 barrels per day of gasoline, reducing natural gas flaring and creating a high-value product.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
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Rhea-AI Summary
Diamondback Energy, Inc. (NASDAQ: FANG) and Endeavor Energy Resources, L.P. announced a definitive merger agreement valued at $26 billion, creating a premier Permian independent operator. The transaction involves stock and cash consideration, with Diamondback stockholders owning 60.5% of the combined company. The merger is expected to bring significant synergies and financial accretion, enhancing the companies' operational and financial strength.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.38%
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Rhea-AI Summary
Diamondback Energy, Inc. (NASDAQ: FANG) plans to release its fourth quarter 2023 financial results on February 20, 2024, followed by a conference call and webcast on February 21, 2024, to discuss the results with investors and analysts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
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Rhea-AI Summary
Diamondback Stockholders receive a supplemental letter to the earnings release, furnished to the SEC, containing important information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
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Rhea-AI Summary
Diamondback Energy, Inc. (NASDAQ: FANG) announced its financial and operating results for Q3 2023. Highlights include average production of 266.1 MBO/d, net cash provided by operating activities of $1.4 billion, and cash capital expenditures of $684 million. The company also declared a Q3 2023 base cash dividend of $0.84 per share and a variable cash dividend of $2.53 per share. Diamondback repurchased 406,700 shares of common stock in Q3 2023 for $56 million and completed a joint venture transaction with Five Point Energy LLC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
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Rhea-AI Summary
Diamondback Energy releases its 2023 Corporate Sustainability Report, highlighting achievements such as a 20% reduction in greenhouse gas intensity and utilization of 41% recycled water in operations. The company joined the Oil and Gas Methane Partnership 2.0 and disclosed its 2022 Equal Employment Opportunity Form. Diamondback is committed to sustainability and being a leader in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
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none
Rhea-AI Summary
Diamondback Energy plans to release its Q3 2023 financial results on November 6, 2023, and will host a conference call on November 7, 2023, to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
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Rhea-AI Summary
Diamondback Energy and Five Point Energy form joint venture entity, Deep Blue Midland Basin, creating largest independent water infrastructure platform in Midland Basin
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.22%
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Rhea-AI Summary
Diamondback Energy, Inc. (FANG) Supplemental Letter to Stockholders Regarding Earnings Release
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
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none
Rhea-AI Summary
Diamondback Energy, Inc. announced its financial and operating results for Q2 2023. Highlights include average production of 263.1 MBO/d, net cash provided by operating activities of $1.51 billion, and cash capital expenditures of $711 million. The company also repurchased shares, increased its annual base dividend by 5%, and completed divestitures of non-core assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
dividends earnings
Diamondback Energy, Inc.

Nasdaq:FANG

FANG Rankings

FANG Stock Data

35.32B
177.39M
0.59%
93.66%
2.89%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
MIDLAND

About FANG

diamondback energy is an independent oil and natural gas company headquartered in midland, tx. diamondback’s growth strategy is focused on the acquisition, development, exploration and exploitation of unconventional, long-life, onshore oil and natural gas reserves in the major oil producing permian basin in west texas. the company’s operations are directed primarily at the large acreage areas of the clearfork, spraberry, wolfcamp, cline, strawn and atoka formations, collectively known as the wolfberry trend.