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Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas.
It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin.
Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
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MIDLAND, Texas, April 10, 2026 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (the “Company” or “Diamondback”) today announced the pricing of its tender offers to purchase for cash (the “Offers”) any and all of its outstanding 4.400% Senior Notes due 2051 (the “2051 Notes”) and 4.250% Senior Notes due 2052 (the “2052 Notes” and, together with the 2051 Notes, the “Notes”). The table below shows the applicable Reference Yield and Consideration (as defined below) for the Notes, calculated as of 2:00 p.m., New York City time, today, April 10, 2026, in accordance with the Offer to Purchase, dated April 6, 2026 (as may be amended or supplemented from time to time, the “Offer to Purchase”), and its accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery”).
While the two-week ceasefire came as a relief to many, especially after President Trump had ramped up the rhetoric, the reality is that while boats can move through the Strait of Hormuz, Bank of America reported that a stunning 11 million barrels per day of production remains shut in.
The latest trading day saw Diamondback Energy (FANG) settling at $186.47, representing a -4.62% change from its previous close.
Energy executives sold stock worth $1.4 billion in the first quarter on the back of a historic shock to the world's crude supplies.
Pre-Market Stock Futures: The futures are exploding higher, as, fortunately, President Trump chose not to "end civilization in Iran" and agreed to a two-week pause on attacks on Iran. In contrast, Iran agreed to let ships pass through the Strait of Hormuz. The major indices were mixed after starting Tuesday deep in the red, then rallying in... Here Are Wednesday's Top Wall Street Analyst Research Calls: Coinbase Global, Diamondback Energy, Deere, Doximity, Dutch Bros., Johnson and Johnson, Robinhood Markets, Verizon and More
FANG's low-cost drilling, strong cash flow and high-recovery assets boost its edge, but rising costs, debt load and reserve cuts pose risks.
Q1 2026 was an exceptional quarter for energy stocks thanks to war in the Middle East, but Q2 2026 is not guaranteed to step in its footsteps. Energy prices can go higher and push the sector higher, but they do not have to if the U.S. can neutralize Iran's ability to project force. While energy stocks are benefiting from the fighting in the short term, it may actually come back to hurt them in the long run.
MIDLAND, Texas, April 06, 2026 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (the “Company” or “Diamondback”) today announced the commencement of tender offers to purchase for cash any and all of the Senior Notes issued by the Company listed in the table below (collectively, the “Notes”). The tender offers (the “Offers”) are being made pursuant to the Offer to Purchase, dated April 6, 2026 (as may be amended or supplemented from time to time, the “Offer to Purchase”), and its accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery”).
KeyBanc is raising its price target on Diamondback Energy (NASDAQ:FANG) to $225 from $196, maintaining an Overweight rating after resetting its oil price deck for Q1.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Diamondback is widely seen as a leader in U.S. shale and has kept tight control of production levels, Mizuho analyst Nitin Kumar says.
Diamondback Energy and Devon Energy are U.S.-focused energy producers. Chevron is a globally diversified integrated energy giant.
MIDLAND, Texas, April 01, 2026 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release first quarter 2026 financial results on May 4, 2026 after the market closes.
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Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise buying shares of FANG, PR, CHRD and MGY.
