FANG

#295
Diamondback Energy, Inc. - Common Stock
200.5 2 USD
0.00%
Market Price
Sector: Energy
Base: USD
Profit Currency: USD
Daily Range
200.52
200.52
Year Range
134.30
216.90
Daily Change
+0.34%
Monthly Change
+1.17%
6 month change
+10.67%
Year Change
+35.02%
Previous Close
199.8 4
Open
200.5 2
Low
200.5 2
High
200.5 2
Volume
250
Open full chart

Financials

Overview Statement Statistics Dividends Documents

2026

Current report, Q3 FY2026
Diamondback Energy, Inc. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
Diamondback Energy, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Diamondback Energy, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Diamondback Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Diamondback Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Diamondback Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Diamondback Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Diamondback Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Diamondback Energy, Inc. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Diamondback Energy, Inc. quarterly report, Q1 FY2026
10-Q

Diamondback Energy, Inc. current report, Q1 FY2025

Full document

Diamondback Energy, Inc. - Form 8-K Summary

Business Context and Reporting Period

This Current Report on Form 8-K was filed by Diamondback Energy, Inc. on March 10, 2025, reporting events occurring on March 6, 2025. The filing details the entry into a material definitive agreement for a new debt offering.

Key Financial Metrics

  • Debt Issuance: $1.2 billion aggregate principal amount of 5.550% Senior Notes due 2035.
  • Public Price: 99.937% of the principal amount.
  • Net Proceeds: Approximately $1.19 billion after underwriting discounts and estimated offering expenses.
  • Debt Structure: Senior unsecured obligations ranking equally with existing senior indebtedness, including the revolving credit facility with Wells Fargo and the term loan facility with Citibank.

Material Changes and Use of Proceeds

The primary material change is the execution of an Underwriting Agreement to raise capital. The net proceeds are designated for general corporate purposes, specifically to fund a portion of the cash consideration for the pending acquisition of certain subsidiaries of Double Eagle IV Midco, LLC (the "Double Eagle acquisition"), as well as related fees and expenses. The closing of the sale is expected on March 20, 2025.

Outlook, Risks, and Contingencies

The filing contains forward-looking statements regarding the expected closing date of the Notes. Management notes that actual results may differ materially due to risks and uncertainties detailed in the Company's other SEC filings (Forms 10-K, 10-Q, and the preliminary prospectus supplement). The Company undertakes no obligation to update these forward-looking statements.

Investor Verification Checklist

  • Verify the final closing date of the $1.2 billion Notes offering (expected March 20, 2025).
  • Confirm the status and terms of the pending Double Eagle acquisition.
  • Review the full Underwriting Agreement (Exhibit 1.1) for specific covenants and indemnification terms.
  • Assess the impact of the new 5.550% interest rate on the Company's overall cost of capital and leverage ratios.

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