Recent Insider Transactions • Jun 03
Chief Accounting Officer recently sold US$1.4m worth of stock On the 2nd of June, Teresa Dick sold around 7k shares on-market at roughly US$201 per share. This transaction amounted to 8.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$177m. Insiders have been net sellers, collectively disposing of US$863m more than they bought in the last 12 months. Recent Insider Transactions • May 26
Chief Accounting Officer recently sold US$1.0m worth of stock On the 19th of May, Teresa Dick sold around 5k shares on-market at roughly US$207 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$177m. Insiders have been net sellers, collectively disposing of US$861m more than they bought in the last 12 months. Recent Insider Transactions • May 19
Executive VP recently sold US$1.0m worth of stock On the 13th of May, P. Zmigrosky sold around 5k shares on-market at roughly US$200 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$177m. Insiders have been net sellers, collectively disposing of US$859m more than they bought in the last 12 months. Recent Insider Transactions • May 14
Director recently sold US$3.0m worth of stock On the 8th of May, Charles Meloy sold around 16k shares on-market at roughly US$189 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$177m. Insiders have been net sellers, collectively disposing of US$857m more than they bought in the last 12 months. Declared Dividend • May 11
First quarter dividend of US$1.10 announced Shareholders will receive a dividend of US$1.10. Ex-date: 14th May 2026 Payment date: 21st May 2026 Dividend yield will be 2.1%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is not covered by earnings (427% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 31% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 375% to bring the payout ratio under control. EPS is expected to grow by 102% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: US$0.078 (vs US$4.83 in 1Q 2025) First quarter 2026 results: EPS: US$0.078 (down from US$4.83 in 1Q 2025). Revenue: US$4.21b (up 9.1% from 1Q 2025). Net income: US$22.0m (down 98% from 1Q 2025). Profit margin: 0.5% (down from 36% in 1Q 2025). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Oil and Gas industry in the United Kingdom. Announcement • May 05
Diamondback Energy, Inc. Reports Impairment Charges for the First Quarter Ended March 31, 2026 Diamondback Energy, Inc. reported impairment charges for the first quarter ended March 31, 2026. For the period, the company reported impairment of oil and natural gas properties was $1,400 million. Announcement • Apr 11
Diamondback Energy, Inc., Annual General Meeting, May 20, 2026 Diamondback Energy, Inc., Annual General Meeting, May 20, 2026. Location: at the fasken center, 500 west avenue, texas 79701, midland United States Announcement • Apr 02
Diamondback Energy, Inc. to Report Q1, 2026 Results on May 04, 2026 Diamondback Energy, Inc. announced that they will report Q1, 2026 results After-Market on May 04, 2026 Announcement • Jan 08
Diamondback Energy, Inc. to Report Q4, 2025 Results on Feb 23, 2026 Diamondback Energy, Inc. announced that they will report Q4, 2025 results After-Market on Feb 23, 2026 Announcement • Oct 01
Diamondback Energy, Inc. to Report Q3, 2025 Results on Nov 03, 2025 Diamondback Energy, Inc. announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Announcement • Sep 03
Plains All American Pipeline, L.P. (NasdaqGS:PAA) and Plains GP Holdings, L.P. (NasdaqGS:PAGP) entered into agreement to acquire 55% stake in Epic Crude Holdings, LP from Diamondback Energy, Inc. (NasdaqGS:FANG) and Kinetik Holdings Inc. (NYSE:KNTK) for $1.2 billion. Plains All American Pipeline, L.P. (NasdaqGS:PAA) and Plains GP Holdings, L.P. (NasdaqGS:PAGP) entered into agreement to acquire 55% stake in Epic Crude Holdings, LP from Diamondback Energy, Inc. (NasdaqGS:FANG) and Kinetik Holdings Inc. (NYSE:KNTK) for $1.2 billion on August 30, 2025. Diamondback Energy and Kinetik Holdings each will receive approximately $500 million in net upfront cash and an additional $96 million contingent cash payment. Diamondback Energy and Kinetik Holdings each will sell 27.5% stake respectively. The transaction valued at approximately $1.57 billion, inclusive of approximately $600 million of debt. The transaction terms imply an upfront valuation for 100% of EPIC Crude at $2.85 billion and $350 million for the Contingent Consideration.
The transaction is subject to approval by regulatory board / committee and subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction is expected to complete by early 2026.
The transaction is expected to be immediately accretive to distributable cash flow with synergistic opportunities expected to result in mid-teens unlevered returns.
Akin Gump Strauss Hauer & Feld LLP acted as legal advisor for Diamondback Energy, Inc. Vinson & Elkins LLP acted as legal advisor for Kinetik Holdings Inc. Announcement • Aug 20
Diamondback Energy, Inc. Revises Production Guidance for the Third Quarter of 2025 Diamondback Energy, Inc. revised production guidance for the third quarter of 2025. For the quarter, the company now expects Oil production - of 494 MBO/d - 504 MBO/d (from 485 MBO/d - 495 MBO/d) and Net production of 908 MBOE/d- 938 MBOE/d (from 890 MBOE/d - 920MBOE/d). Announcement • Jun 27
Diamondback Energy, Inc. to Report Q2, 2025 Results on Aug 04, 2025 Diamondback Energy, Inc. announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Aug 04, 2025 Announcement • May 22
Diamondback Energy, Inc. Announces Retirement of David L. Houston as Member of the Company's Audit Committee and Safety, Sustainability and Corporate Responsibility Committee Diamondback Energy, Inc. announced David L. Houston, who served as a director of the company since the company's initial public offering, did not stand for re-election at the 2025 Annual Meeting and retired as a director and member of the company's Audit Committee and Safety, Sustainability and corporate responsibility committee, effective as of the date of the 2025 Annual Meeting. Mr. Houston's decision to retire and not stand for re-election at the 2025 Annual Meeting. Announcement • Apr 11
Diamondback Energy, Inc., Annual General Meeting, May 21, 2025 Diamondback Energy, Inc., Annual General Meeting, May 21, 2025. Location: petroleum club of midland, 501 west wall street, tx 79701, midland United States Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$123, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 3x in the Oil and Gas industry in the United Kingdom. Announcement • Mar 20
Diamondback Energy, Inc. to Report Q1, 2025 Results on May 05, 2025 Diamondback Energy, Inc. announced that they will report Q1, 2025 results After-Market on May 05, 2025 Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: US$15.53 (vs US$17.34 in FY 2023) Full year 2024 results: EPS: US$15.53. Revenue: US$11.0b (up 39% from FY 2023). Net income: US$3.32b (up 6.3% from FY 2023). Profit margin: 30% (down from 39% in FY 2023). The decrease in margin was driven by higher expenses. Oil reserves Proven reserves: 1761.049 MMbbls Gas reserves Proven reserves: 5024.915 Bcf LNG reserves Proven reserves: 958.881 MMbbls Combined production Oil equivalent production: 218.972 MMboe (163.413 MMboe in FY 2023) Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Oil and Gas industry in the United Kingdom. Announcement • Feb 24
Diamondback Energy, Inc. Announces CEO Changes Diamondback Energy, Inc. announced its leadership transition plan, representing the culmination of a thorough succession planning process that will position the Company for continued long term outperformance. Travis D. Stice, who has led Diamondback as Chief Executive Officer since January 2012 and joined the Board of Directors in November 2012 following the Companys initial public offering, intends to step down as Chief Executive Officer effective as of the Companys 2025 Annual Meeting of Stockholders. At that time, Mr. Stice will transition from Chief Executive Officer to Executive Chairman of the Board, and Kaes Vant Hof, current President of the Company, will succeed Mr. Stice as Chief Executive Officer and will join the Board of Directors. Announcement • Feb 22
Diamondback Energy, Inc. Announces to Promote Jere Thompson as Chief Financial Officer Diamondback Energy, Inc. announced its leadership transition plan, representing the culmination of a thorough succession planning process that will position the Company for continued long term outperformance. Effective February 20, 2025, Jere Thompson, current Executive Vice President of Strategy and Corporate Development, will assume the role of Executive Vice President and Chief Financial Officer. Announcement • Feb 21
Diamondback Energy, Inc. Announces Management Changes Diamondback Energy, Inc. announced its leadership transition plan, representing the culmination of a thorough succession planning process that will position the Company for continued long term outperformance. Travis D. Stice, who has led Diamondback as Chief Executive Officer since January 2012 and joined the Board of Directors in November 2012 following the Company's initial public offering, intends to step down as Chief Executive Officer effective as of the Company'ss 2025 Annual Meeting of Stockholders. At that time, Mr. Stice will transition from Chief Executive Officer to Executive Chairman of the Board, and Kaes Vant Hof, current President of the Company, will succeed Mr. Stice as Chief Executive Officer and will join the Board of Directors. Effective February 20, 2025, Jere Thompson, current Executive Vice President of Strategy and Corporate Development, will assume the role of Executive Vice President and Chief Financial Officer. Diamondback also announced that David L. Houston, who has been a member of the Board of Directors since the Company’s initial public offering and who currently serves on the Company’s Audit Committee and Safety, Sustainability and Corporate Responsibility Committee, informed the Company of his decision to retire as a director when his existing term concludes immediately after the 2025 Annual Meeting of Stockholders. Announcement • Jul 16
Energy Transfer LP (NYSE:ET) completed the acquisition of WTG Midstream, LLC from Stonepeak Partners LP, Davis Estate and Diamondback Energy, Inc. (NasdaqGS:FANG) for approximately $3 billion. Energy Transfer LP (NYSE:ET) entered into an agreement to acquire WTG Midstream, LLC from Stonepeak Partners LP, Davis Estate and Diamondback Energy, Inc. (NasdaqGS:FANG) for approximately $3 billion on May 28, 2024. Consideration for the transaction will be comprised of $2.45 billion in cash and approximately 50.8 million newly issued Energy Transfer common units. As of June 17, 2024, Energy Transfer announced that the 20% interest in the BANGL pipeline, which was subject to a right of first offer, will not be included in the transaction. As a result, the purchase price for WTG has been revised to approximately $3.075 billion. The transaction is subject to regulatory approval and customary closing conditions. The transaction is expected to close in the third quarter of 2024.
RBC Capital Markets acted as financial advisor to Energy Transfer, and Lande Spottswood, Matt Dobbins, Corinne Snow, David D’Alessandro, Melissa Spohn, Jackson O’Maley, Sarah Mitchell, Gary Huffman, Ryan Carney, Rajesh Patel, Sean Becker, Darren Tucker, Ryan Will, Bill Scherman, Jason Fleischer, Mike Malenfant, Caitlin Turner and Courtney Hammond of Vinson & Elkins LLP acted as Energy Transfer’s legal counsel on the transaction. Jefferies LLC acted as financial advisor to WTG, and Sidley Austin LLP acted as WTG’s legal counsel.
Energy Transfer LP (NYSE:ET) completed the acquisition of WTG Midstream, LLC from Stonepeak Partners LP, Davis Estate and Diamondback Energy, Inc. (NasdaqGS:FANG) on July 15, 2024. 
