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Diamondback Energy Inc (FANG.OQ)

FANG.OQ on NASDAQ Stock Exchange Global Select Market

104.11USD
24 May 2019
Change (% chg)

$0.27 (+0.26%)
Prev Close
$103.84
Open
$104.92
Day's High
$105.63
Day's Low
$101.66
Volume
445,298
Avg. Vol
602,690
52-wk High
$140.77
52-wk Low
$85.21

Latest Key Developments (Source: Significant Developments)

Diamondback Energy Reports Q1 Adjusted Non-GAAP Earnings Per Share $1.39
Wednesday, 8 May 2019 

May 7 (Reuters) - Diamondback Energy Inc ::DIAMONDBACK ENERGY, INC. ANNOUNCES FIRST QUARTER 2019 FINANCIAL AND OPERATING RESULTS; INCREASING CAPITAL RETURN PROGRAM.Q1 EARNINGS PER SHARE $0.06.Q1 EARNINGS PER SHARE ESTIMATE $1.38 -- REFINITIV IBES DATA.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.39.APPROVED AN UP TO $2.0 BILLION CAPITAL RETURN PROGRAM.CAPITAL RETURN PROGRAM IS THROUGH DECEMBER 31, 2020 & TO BEGIN IN Q2 2019 THROUGH A STOCK REPURCHASE PROGRAM.EXPECTS UNHEDGED OIL PRICE REALIZATIONS BETWEEN 90-95% OF WTI FOR REMAINDER OF 2019.Q1 2019 PRODUCTION WAS 262.6 MBOE/D (68% OIL), UP 156% YEAR OVER YEAR FROM 102.6 MBOE/D IN Q1 2018.DIAMONDBACK ENERGY - Q1 AVERAGE REALIZED PRICES WERE $46.12 PER BARREL OF OIL, $1.32 PER MCF OF NATURAL GAS, $18.00 PER BARREL OF NATURAL GAS LIQUIDS.SETS QUARTERLY CASH DIVIDEND OF $0.1875PER SHARE.EXPECTS FULL YEAR PRODUCTION TO BE BETWEEN 272.0 AND 287.0 MBOE/D.LOWERING FULL YEAR 2019 GUIDANCE FOR LOE TO $4.25 - $4.75 PER BOE.INCREASING AVERAGE LATERAL LENGTH COMPLETED FOR YEAR BY 100 FEET TO 9,500 FEET.SIGNED DEFINITIVE AGREEMENTS TO DIVEST CONVENTIONAL AND NON-CORE PERMIAN ASSETS ACQUIRED FROM ENERGEN FOR $322 MILLION.DIAMONDBACK ENERGY - QTRLY TOTAL REVENUES $864 MILLION VERSUS $479 MILLION.Q1 REVENUE VIEW $913.6 MILLION -- REFINITIV IBES DATA.  Full Article

Diamondback Energy Reports Q4 Earnings Per Share $2.50
Wednesday, 20 Feb 2019 

Feb 19 (Reuters) - Diamondback Energy Inc ::DIAMONDBACK ENERGY, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 FINANCIAL AND OPERATING RESULTS.Q4 EARNINGS PER SHARE $2.50.Q4 EARNINGS PER SHARE ESTIMATE $1.62 -- REFINITIV IBES DATA.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.21.Q4 2018 PRODUCTION OF 182.8 MBOE/D (71% OIL), UP 49% OVER Q3 2018 AND 97% YEAR OVER YEAR.FULL YEAR 2019 PRODUCTION GUIDANCE OF 275 - 290 MBOE/D.LOWERED FULL YEAR 2019 CAPITAL BUDGET FOR DRILLING, COMPLETION, MIDSTREAM AND INFRASTRUCTURE TO $2.7 - $3.0 BILLION.PLAN TO OPERATE BETWEEN 18 AND 22 DRILLING RIGS THROUGHOUT 2019.EXPECT TO COMPLETE BETWEEN 290 TO 320 GROSS HORIZONTAL WELLS IN 2019.QTRLY TOTAL REVENUES $633.1 MILLION VERSUS $399.2 MILLION.  Full Article

Diamondback Energy Files For Offerings Of Common Stock Of Up To 2.6 Mln Shares By Selling Stockholders
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Diamondback Energy Inc ::DIAMONDBACK ENERGY INC FILES FOR OFFERINGS OF UP TO 2.6 MILLION SHARES OF CO'S COMMON STOCK BY SELLING STOCKHOLDERS - SEC FILING.DIAMONDBACK ENERGY INC - BY THIS PROSPECTUS, CO MAY OFFER AND SELL, FROM TIME TO TIME IN ONE OR MORE OFFERINGS, CO'S COMMON STOCK.  Full Article

Diamondback Energy, Units Entered Eighth Amendment
Friday, 2 Nov 2018 

Nov 1 (Reuters) - Diamondback Energy Inc ::DIAMONDBACK ENERGY INC - ON OCT 26, CO AND UNITS ENTERED EIGHTH AMENDMENT TO SECOND AMENDED & RESTATED CREDIT AGREEMENT, DATED NOV 1, 2013.DIAMONDBACK ENERGY SAYS IN EIGHTH AMENDMENT, CO & UNITS ELECTED COMMITMENT OF $2.0 BILLION, AND BORROWING BASE WAS INCREASED TO $2.5 BILLION - SEC FILING.  Full Article

Diamondback Energy Prices Upsized $750 Million Tack-On Offering Of Senior Notes
Wednesday, 19 Sep 2018 

Diamondback Energy Inc ::DIAMONDBACK ENERGY PRICES UPSIZED $750 MILLION TACK-ON OFFERING OF SENIOR NOTES.DIAMONDBACK ENERGY INC - PRICED AN OFFERING OF $750.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 4.750% SENIOR NOTES DUE 2024.  Full Article

Carlyle Group And Diamondback Energy Form Joint Venture
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Carlyle Group LP ::THE CARLYLE GROUP’S ENERGY MEZZANINE TEAM AND DIAMONDBACK ENERGY FORM JOINT VENTURE.CARLYLE GROUP LP - AFTER CERTAIN PERFORMANCE HURDLES ARE ACHIEVED IN THE PROGRAM, CARLYLE’S WORKING INTERESTS WILL LARGELY REVERT TO DIAMONDBACK.CARLYLE GROUP LP - AS PART OF JV, CARLYLE ENERGY MEZZANINE OPPORTUNITIES FUND II L.P. TO FUND UP TO 85% FOR DEVELOPMENT PROGRAM OVER FIVE YEARS.CARLYLE GROUP - AGREEMENT TO FUND DEVELOPMENT OF DIAMONDBACK’S OIL AND GAS ASSETS IN TEXAS.CARLYLE - CARLYLE FUND AND DIAMONDBACK WILL PROVIDE $620 MILLION TO DEVELOP OIL & GAS ASSETS IN TEXAS.  Full Article

Corvex Management Says After Energen-Diamondback Energy Deal, Corvex, Carl Icahn Will Cease Filing Joint Schedule 13D Statements Related To Energen
Thursday, 16 Aug 2018 

Aug 16 (Reuters) - Energen Corp ::CORVEX MANAGEMENT SAYS AFTER ENERGEN-DIAMONDBACK ENERGY DEAL, CORVEX, CARL ICAHN WILL CEASE FILING JOINT SCHEDULE 13D STATEMENTS RELATED TO ENERGEN.CORVEX MANAGEMENT LP SAYS CARL ICAHN REPORTS 9.9 PERCENT STAKE IN ENERGEN AS OF AUGUST 15 - SEC FILING.CORVEX MANAGEMENT SAYS CARL ICAHN PREVIOUSLY REPORTED 8.9 PERCENT STAKE IN ENERGEN AS OF AUG 10, 2018.  Full Article

Diamondback Energy Q4 Earnings Per Share $1.16
Wednesday, 14 Feb 2018 

Feb 13 (Reuters) - Diamondback Energy Inc ::DIAMONDBACK ENERGY, INC. ANNOUNCES FOURTH QUARTER 2017 FINANCIAL AND OPERATING RESULTS; INITIATING DIVIDEND.Q4 EARNINGS PER SHARE $1.16.Q4 REVENUE $399 MILLION.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.56.FULL YEAR 2018 PRODUCTION GUIDANCE OF 108.0 - 116.0 MBOE/D.SEES FULL YEAR 2018 CAPEX GUIDANCE OF $1,300 - $1,500 MILLION.INITIATING ANNUAL CASH DIVIDEND OF $0.50 PER COMMON SHARE TO BE PAYABLE QUARTERLY BEGINNING WITH Q1 2018.Q4 2017 PRODUCTION OF 92.9 MBOE/D (74% OIL), UP 9% OVER Q3 2017.  Full Article

Diamondback Energy Prices Upsized $300 Million Tack-On Offering Of Senior Notes
Thursday, 25 Jan 2018 

Jan 24 (Reuters) - Diamondback Energy Inc ::DIAMONDBACK ENERGY PRICES UPSIZED $300 MILLION TACK-ON OFFERING OF SENIOR NOTES.DIAMONDBACK ENERGY INC - PRICED AN OFFERING OF $300.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 5.375% SENIOR NOTES DUE 2025.  Full Article

Diamondback Energy Launches $250 Mln Tack-On Offering Of Senior Notes
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Diamondback Energy Inc ::DIAMONDBACK ENERGY LAUNCHES $250 MILLION TACK-ON OFFERING OF SENIOR NOTES.DIAMONDBACK ENERGY - PROPOSES TO OFFER $250 MILLION OF ITS 5.375% SENIOR NOTES DUE 2025.DIAMONDBACK - ‍INTENDS TO USE PROCEEDS FROM OFFERING TO REPAY PORTION OF OUTSTANDING BORROWINGS UNDER REVOLVING CREDIT FACILITY​.  Full Article

UPDATE 1-Corvex's Meister likes Diamondback Energy after it bought Energen

NEW YORK, April 16 Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund's top investment picks after the energy company bought a rival last year.