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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, Inc. (NASDAQ: FANG) has announced a $750 million offering of 4.250% senior notes maturing on March 15, 2052. The notes will be priced at 99.714% of the principal amount. Proceeds will fund the redemption of the 4.750% Senior Notes due 2025 and the 2.875% Senior Notes due 2024, each at the applicable redemption price, including make-whole premiums and interest. The offering is expected to close on March 17, 2022, subject to customary conditions.
Diamondback Energy (NASDAQ: FANG) has announced significant leadership changes aimed at enhancing its operational efficiency. Travis Stice continues as CEO and will now serve as Chairman of the Board, succeeding Steven West, who remains a Director. Kaes Van’t Hof is promoted to President while maintaining his CFO role. Daniel Wesson steps up as COO. Additionally, four new Vice Presidents were appointed, indicating a strong internal talent pool. These changes are expected to strengthen the company’s strategic direction and operational execution.
Diamondback Energy (NASDAQ: FANG) reported strong Q4 2021 results, achieving $1,167 million in cash flow from operations and $772 million in Free Cash Flow. The company increased its annual dividend by 20% to $2.40 per share, with a cash dividend of $0.60 declared for Q4 2021, payable on March 11, 2022. Full year 2021 production averaged 223.3 MBO/d, while total debt decreased 20% to $6,756 million. The company expects $4.0 billion in Free Cash Flow for 2022, returning at least 50% to shareholders.
WhiteWater Midstream, MPLX, and West Texas Gas have added Rattler Midstream as a fourth partner in their BANGL joint venture. Concurrently, Diamondback Energy entered into a long-term natural gas liquids product dedication with BANGL. The venture commenced full commercial service in Q4 2021, facilitating NGL takeaway capacity from MPLX and WTG plants in the Permian Basin to Sweeny, Texas. BANGL aims to expand its capacity up to 300,000 barrels per day, enhancing the efficiency of gas processing and fractionation in the region.
Diamondback Energy, ticker FANG, is set to announce its fourth quarter 2021 financial results on February 22, 2022, after market close. A conference call for investors and analysts will follow on February 23, 2022, at 8:00 a.m. CT. Interested participants can join via phone or online. The replay of the call will be available for a week afterward. Diamondback focuses on the acquisition and development of oil and natural gas reserves in the Permian Basin, Texas.
Diamondback Energy, Inc. (NASDAQ: FANG) announced key leadership changes effective immediately as part of its ongoing strategic adjustments. Russell Pantermuehl will retire at the end of 2021 after a decade with the company, transitioning to an advisory role until December 2022. Al Barkmann is promoted to Senior Vice President of Reservoir Engineering, taking over many of Russell’s responsibilities, while Yong Cho becomes Senior Vice President of Drilling. CEO Travis Stice praised Pantermuehl's contributions to the company and the oil and gas sector.
Diamondback Energy (NASDAQ: FANG) reported strong Q3 2021 results with average production of 239.8 MBO/d and a net income of $649 million ($3.56/share). The company generated $740 million in Free Cash Flow, enabling a commitment to return 50% of this to stockholders starting Q4 2021 and initiating a $2 billion share repurchase program. The quarterly cash dividend was increased by 11.1% to $0.50/share, payable on November 18, 2021. Full-year oil production guidance is raised to 222-223 MBO/d.
Diamondback Energy (NASDAQ: FANG) has completed the sale of its Williston Basin oil and gas assets to Oasis Petroleum. Concurrently, the company announced the redemption of all outstanding 2023 Senior Notes, totaling $650 million, with a scheduled redemption date of October 31, 2021. The payment for the redeemed notes will occur on November 1, 2021. This strategic divestiture and debt redemption reflects Diamondback's commitment to streamline its operations and improve financial health.
Diamondback Energy (NASDAQ: FANG) has announced its plans to release third quarter 2021 financial results on November 1, 2021, after market close. A conference call will follow on November 2, 2021, at 8:00 a.m. CT, allowing analysts and investors to discuss the results. Interested participants can join by calling specified phone numbers or via a live webcast on Diamondback's Investor Relations website. A replay will be available soon after the call.
Diamondback, based in Midland, Texas, focuses on the Permian Basin for oil and gas reserves.
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