Diamondback Energy Management

Management criteria checks 3/4

Diamondback Energy's CEO is Travis Stice, appointed in Jan 2012, has a tenure of 12.83 years. total yearly compensation is $17.58M, comprised of 7.7% salary and 92.3% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth MX$1.62B. The average tenure of the management team and the board of directors is 5.7 years and 4.6 years respectively.

Key information

Travis Stice

Chief executive officer

US$17.6m

Total compensation

CEO salary percentage	7.7%
CEO tenure	12.8yrs
CEO ownership	0.2%
Management average tenure	5.7yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Travis Stice's remuneration changed compared to Diamondback Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$3b
Jun 30 2024	n/a	n/a	US$3b
Mar 31 2024	n/a	n/a	US$3b
Dec 31 2023	US$18m	US$1m	US$3b
Sep 30 2023	n/a	n/a	US$3b
Jun 30 2023	n/a	n/a	US$3b
Mar 31 2023	n/a	n/a	US$4b
Dec 31 2022	US$17m	US$1m	US$4b
Sep 30 2022	n/a	n/a	US$4b
Jun 30 2022	n/a	n/a	US$4b
Mar 31 2022	n/a	n/a	US$3b
Dec 31 2021	US$14m	US$1m	US$2b
Sep 30 2021	n/a	n/a	US$430m
Jun 30 2021	n/a	n/a	-US$1b
Mar 31 2021	n/a	n/a	-US$4b
Dec 31 2020	US$10m	US$1m	-US$5b
Sep 30 2020	n/a	n/a	-US$4b
Jun 30 2020	n/a	n/a	-US$3b
Mar 31 2020	n/a	n/a	-US$42m
Dec 31 2019	US$16m	US$1m	US$240m
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$823m
Mar 31 2019	n/a	n/a	US$693m
Dec 31 2018	US$12m	US$978k	US$846m
Sep 30 2018	n/a	n/a	US$654m
Jun 30 2018	n/a	n/a	US$570m
Mar 31 2018	n/a	n/a	US$509m
Dec 31 2017	US$10m	US$848k	US$482m

Compensation vs Market: Travis's total compensation ($USD17.58M) is above average for companies of similar size in the MX market ($USD5.76M).

Compensation vs Earnings: Travis's compensation has been consistent with company performance over the past year.

CEO

Travis Stice (62 yo)

12.8yrs

Tenure

US$17,583,386

Compensation

Mr. Travis D. Stice is Chief Executive Officer and Director at QEP Resources, Inc. since March 17, 2021. He has been the Chief Executive Officer and Director of Energen Corporation since November 29, 2018....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Travis Stice	CEO & Chairman of the Board	12.8yrs	US$17.58m	0.15% MX$ 1.6b
Matthew Van't Hof	President & CFO	5.7yrs	US$7.85m	0.031% MX$ 329.5m
Daniel Wesson	Executive VP & COO	5.2yrs	US$5.93m	0.017% MX$ 184.9m
Teresa Dick	Chief Accounting Officer	15yrs	US$4.24m	0.029% MX$ 304.7m
P. Zmigrosky	Executive VP	5.8yrs	US$4.95m	0.011% MX$ 116.7m
David Cannon	Senior Vice President of Geoscience & Technology	5.7yrs	no data	no data
Greg Dolezal	VP & Chief Information Officer	less than a year	no data	no data
Adam Lawlis	Vice President of Investor Relations	no data	no data	no data
Jere Thompson	Executive Vice President of Strategy & Corporate Development	3.7yrs	no data	0.0014% MX$ 14.9m
Johnny Dossey	Vice President of Marketing	2.8yrs	no data	no data
David Meek	Vice President of Human Resources	1.3yrs	no data	no data
W. Dingler	Senior Vice President of Government & Regulatory Affairs	5.7yrs	no data	no data

5.7yrs

Average Tenure

45yo

Average Age

Experienced Management: FANG *'s management team is seasoned and experienced (5.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Travis Stice	CEO & Chairman of the Board	12yrs	US$17.58m	0.15% MX$ 1.6b
Robert Reeves	Director	less than a year	no data	0.00098% MX$ 10.4m
David Houston	Independent Director	12.1yrs	US$316.11k	0.0040% MX$ 42.0m
Steven West	Independent Director	12.9yrs	US$403.61k	0.0018% MX$ 18.6m
Mark Plaumann	Independent Director	12.1yrs	US$326.11k	0.00082% MX$ 8.7m
Charles Meloy	Director	less than a year	no data	0.37% MX$ 3.9b
Rebecca Klein	Independent Director	2.3yrs	US$296.11k	0.00092% MX$ 9.8m
Melanie Trent	Independent Lead Director	6.6yrs	US$344.86k	0.0040% MX$ 42.1m
Frank Tsuru	Independent Director	2.3yrs	US$296.11k	0.00092% MX$ 9.8m
Lance Robertson	Director	less than a year	no data	0.0023% MX$ 24.6m
Stephanie Mains	Independent Director	4.6yrs	US$316.11k	0.0028% MX$ 29.8m
Vincent Brooks	Independent Director	4.6yrs	US$321.11k	0.0028% MX$ 29.8m

4.6yrs

Average Tenure

64yo

Average Age

Experienced Board: FANG *'s board of directors are considered experienced (4.6 years average tenure).

Diamondback Energy Management

Management criteria checks 3/4

Key information

Recent management updates

Director recently bought Mex$10m worth of stock

High number of new directors

President & CFO recently sold Mex$189m worth of stock

Executive VP & COO recently sold Mex$14m worth of stock

Executive VP & COO recently sold Mex$20m worth of stock

Diamondback Energy, Inc., Annual General Meeting, Jun 06, 2024

Recent updates

Director recently bought Mex$10m worth of stock

Third quarter dividend of US$0.90 announced

New major risk - Earnings quality

Third quarter 2024 earnings released: EPS: US$3.19 (vs US$5.07 in 3Q 2023)

Diamondback Energy, Inc. Declares Cash Dividend for the Third Quarter of 2024, Payable on November 21, 2024

High number of new directors

Investor sentiment improves as stock rises 16%

Diamondback Energy, Inc. Revises Production Guidance for the Third Quarter of 2024

Diamondback Energy, Inc. to Report Q3, 2024 Results on Nov 04, 2024

Diamondback Energy, Inc. (NasdaqGS:FANG) and Kinetik Holdings Inc. (NYSE:KNTK) acquired 30% stake in Epic Crude Holdings, LP.

Diamondback Energy, Inc. has filed a Follow-on Equity Offering.

New major risk - Shareholder dilution

Diamondback Energy, Inc. completed the acquisition of Endeavor Energy Resources, LP from Endeavor Manager, LLC, The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Wellington Management Company LLP, State Street Corporation (NYSE:STT) and others.

Diamondback Energy, Inc. completed the acquisition of Endeavor Energy Resources, LP from Endeavor Manager, LLC, The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Wellington Management Company LLP, State Street Corporation (NYSE:STT) and others.

President & CFO recently sold Mex$189m worth of stock

Diamondback Energy, Inc. announces Quarterly dividend, payable on August 22, 2024

Diamondback Energy, Inc. Provides Production Guidance for the Third Quarter and Raises Production Guidance for the Full Year of 2024

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.

Diamondback Energy, Inc. to Report Q2, 2024 Results on Aug 05, 2024

Executive VP & COO recently sold Mex$14m worth of stock

Executive VP & COO recently sold Mex$20m worth of stock

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 $3.2 billion.

Diamondback Energy, Inc. Declares Cash Dividend for the First Quarter of 2024, Payable on May 22, 2024

Diamondback Energy, Inc. Provides Production Guidance for the Second Quarter and Full Year of 2024

Diamondback Energy, Inc., Annual General Meeting, Jun 06, 2024

Diamondback Energy, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Fourth quarter dividend of US$3.08 announced

Full year 2023 earnings released: EPS: US$17.46 (vs US$24.61 in FY 2022)

Diamondback Energy, Inc. Provides Production Guidance for the First Quarter and Full Year of 2024

Diamondback Energy, Inc. (NasdaqGS:FANG) entered into a definitive merger agreement to acquire Endeavor Energy Resources, LP from Endeavor Manager, LLC and others for $25.8 billion.

Diamondback Energy, Inc. (NasdaqGS:FANG) entered into a definitive merger agreement to acquire Endeavor Energy Resources, LP for $25.8 Billion.

New major risk - Revenue and earnings growth

Diamondback Energy, Inc. to Report Q4, 2023 Results on Feb 20, 2024

Diamondback Energy, Inc. to Report Q3, 2023 Results on Nov 06, 2023

Independent Director recently sold Mex$20m worth of stock

President & CFO recently sold Mex$23m worth of stock

Second quarter 2023 earnings released: EPS: US$3.08 (vs US$7.92 in 2Q 2022)

Diamondback Energy, Inc. Revises Production Guidance for the Third Quarter and Full Year of 2023

An unknown buyer acquired 43% interest in OMOG JV LLC from Diamondback Energy, Inc. (NasdaqGS:FANG) for approximately $230 million.

Diamondback Energy, Inc.(NasdaqGS:FANG) dropped from Russell 1000 Growth Index

Diamondback Energy, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Full year 2022 earnings released: EPS: US$24.84 (vs US$12.35 in FY 2021)

Diamondback Energy, Inc. (NasdaqGS:FANG) completed the acquisition of related assets of Lario Permian, LLC.

Diamondback Energy, Inc. to Report Q4, 2022 Results on Feb 21, 2023

Executive VP recently sold Mex$5.4m worth of stock

Diamondback Energy, Inc. (NasdaqGS:FANG) entered into a definitive purchase agreement to acquire related assets of Lario Permian, LLC for $1.5 billion.

Diamondback Energy, Inc. (NasdaqGS:FANG) entered into a definitive purchase agreement to acquire related assets of Lario Permian, LLC.

Third quarter 2022 earnings released: EPS: US$6.79 (vs US$3.59 in 3Q 2021)

Diamondback Declares Base Cash Dividend for the Third Quarter of 2022, Payable November 25, 2022

Diamondback Energy, Inc. (NasdaqGS:FANG) entered into a definitive agreement to acquire All leasehold interest and related Assets of FireBird Energy LLC from Firebird Energy LLC for approximately $1.59 billion.

Investor sentiment improved over the past week

Diamondback Energy, Inc. to Report Q3, 2022 Results on Nov 07, 2022

Investor sentiment deteriorated over the past week

Diamondback Energy, Inc. (NasdaqGS:FANG) completed the acquisition of remaining 26.13% stake in Rattler Midstream LP (NasdaqGS:RTLR) from Cardinal Capital Management, L.L.C., ClearBridge Investments, LLC, Capital World Investors and Macquarie Group Limited (ASX:MQG).

Second quarter 2022 earnings released: EPS: US$8.02 (vs US$1.72 in 2Q 2021)

Diamondback Energy, Inc. Declares Variable Cash Dividend for the Second Quarter of 2022, Payable on August 23, 2022

Diamondback Energy, Inc. Announces Appointments to the Board of Directors

Diamondback Energy, Inc. to Report Q2, 2022 Results on Aug 01, 2022

Now 18% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Chief Accounting Officer recently sold Mex$7.4m worth of stock

Now 21% undervalued after recent price drop

Diamondback Energy, Inc. (NasdaqGS:FANG) entered into a definitive agreement to acquire remaining 26.13% stake in Rattler Midstream LP (NasdaqGS:RTLR) for approximately $580 million.

Diamondback Energy, Inc. (NasdaqGS:FANG) entered into a definitive agreement to acquire remaining 26.13% stake in Rattler Midstream LP (NasdaqGS:RTLR) for approximately $600 million.

Diamondback Energy, Inc. (NasdaqGS:FANG) acquired Approximately 6,200 Net Acres in Ward County, Texas for approximately $230 million.

First quarter 2022 earnings released: EPS: US$4.39 (vs US$1.34 in 1Q 2021)

Diamondback Energy, Inc. to Report Q1, 2022 Results on May 02, 2022

Executive VP recently sold Mex$8.6m worth of stock

Now 22% undervalued