Diamondback Energy, Inc.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Matthew Kaes Van't Hof
- Full Time Employees
- 1,762
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- Fasken Center Midland TX United States 79701
- IPO Date
- Oct 11, 2012
- CIK
- 0001539838
- Website
- diamondbackenergy.com
- Similar Companies
- Business
- Diamondback Energy, Inc. Diamondback Energy, Inc. is an independent oil and natural gas company focused on the acquisition, successful development, exploration, and production of unconventional onshore reserves primarily in the Permian Basin across West Texas and New Mexico. Founded in 2007 and headquartered in Midland, Texas, the company operates principally in the Midland Basin targeting the Spraberry and Wolfcamp formations and in the Delaware Basin targeting the Wolfcamp and Bone Spring formations; its core products include crude oil, natural gas, and natural gas liquids, with proven reserves of approximately 3,557 million barrels of oil equivalent as of year-end 2024, comprising 49% petroleum, 24% natural gas, and 27% natural gas liquids. The company conducts upstream activities through horizontal drilling and hydraulic fracturing techniques to optimize resource recovery and maintains midstream services in the Midland and Delaware Basins to support its operations. In recent strategic developments, Diamondback Energy, Inc. completed its transformative merger with Endeavor Energy Resources in September 2024, significantly expanding its Permian Basin footprint and production capacity; it followed with the acquisition of TRP assets for $238 million in late 2024 to further strengthen its Midland Basin presence, the $4 billion purchase of Double Eagle IV Midco subsidiaries in April 2025 adding approximately 40,000 net acres and enhancing operational synergies, and a drop-down transaction with subsidiary Viper Energy, Inc. in early 2025 aligning mineral interests with its development plans; additionally, the company divested non-core Permian assets including a 27.5% stake in EPIC Crude and its Environmental Disposal Systems business in 2025 for $1.25 billion to reallocate capital toward high-margin Permian upstream projects and debt reduction.
Company News
Diamondback Energy: Undervalued Permian Excellence Built For Any Oil Environment
FANG Q3 Earnings Call Highlights Capital Discipline and Permian Growth
Diamondback Q3 Earnings Beat on Higher Oil Prices and Production
Diamondback Energy, Inc. (FANG) Q3 2026 Earnings Call Transcript
What Diamondback Energy (FANG) Said on Its Q3 Earnings Call
Diamondback Energy Raises Its Dividend 7.3%. Here's the Coverage Math
Diamondback Energy (FANG) Beats Q3 Earnings and Revenue Estimates
Diamondback Energy Lifts Production Targets Again as Revenue Grows
Diamondback Energy beats third-quarter profit estimates
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Diamondback Energy, Inc. Announces Third Quarter 2026 Financial and Operating Results; Increases Base Dividend
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Factors You Need to Know Ahead of Diamondback's Q3 Earnings Release
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Diamondback Energy: Good At $60 Oil, Great At $100
Diamondback Energy (FANG) Reports Next Week: Wall Street Expects Earnings Growth
Oil Stocks Rally as Oil Price Tops $103: Devon Energy and Diamondback Energy Gain 5%, Occidental Petroleum Rises 3%
Integrated Advisors Network LLC Acquires 3,322 Shares of Diamondback Energy, Inc. $FANG
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