FANG Filings — Diamondback Energy, Inc. - FilingSpy
FANG
Diamondback Energy, Inc.
An oil and natural gas producer whose operations are concentrated in the Permian Basin of West Texas, drilling horizontal wells across the region. Founded in 2007 and headquartered in Midland, Texas, the company took its name from the diamondback rattlesnake common to the area — hence its stock ticker, FANG. In 2024 it merged with Endeavor Energy, a neighbor headquartered literally across the street, to become one of the largest pure-play producers in the basin.
Diamondback Energy reports Q2 2026 results with record production and increased guidance.
Q2 2026 net income attributable to Diamondback was $1,882 million, with diluted EPS of $6.65.
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Average production was 1,018 MBOE/d, including 525 MBO/d of oil, surpassing the 1.0 million BOE/d milestone.
Free Cash Flow was $2.3 billion, with cash capital expenditures of $996 million.
Declared a base cash dividend of $1.10 per share, payable August 20, 2026.
Raised full-year 2026 oil production guidance to 522+ MBO/d and total production to 1,000+ MBOE/d, with capital expenditures unchanged at ~$3.9 billion.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Diamondback Energy amends credit agreement, extending maturity to 2031 and increasing commitments to $3.0B
On June 12, 2026, Diamondback Energy, Inc. and Diamondback E&P LLC entered into a seventeenth amendment to their Second Amended and Restated Credit Agreement.
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The amendment extends the credit agreement's maturity date from June 12, 2030 to June 12, 2031.
Total commitments under the credit agreement were increased from $2.5 billion to $3.0 billion.
The amendment also decreased the interest rate applicable to loans and certain fees payable under the credit agreement.
Wells Fargo Bank, National Association serves as administrative agent under the amended credit agreement.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Travis D. Stice steps down as Executive Chairman, becomes non-executive Chairman of Diamondback Energy
The transition was part of a leadership plan previously announced in a February 20, 2025 Form 8-K.
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Travis D. Stice transitioned from Executive Chairman to non-executive Chairman of the Board effective May 20, 2026.
As non-executive Chairman, Stice will be compensated under the Company's non-employee director compensation program.
Through December 31, 2026, the Company will reimburse COBRA health coverage premiums for Stice.
Stockholders elected 13 directors and approved executive compensation, annual say-on-pay frequency, and Grant Thornton LLP as auditor.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders
Diamondback Energy announces final results of tender offers for senior notes due 2051 and 2052.
The offers expired at 5:00 p.m. New York City time on April 10, 2026.
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Diamondback Energy, Inc. announced on April 13, 2026, the final tender results of its cash tender offers for any and all of its outstanding 4.400% Senior Notes due 2051 and 4.250% Senior Notes due 2052.
Holders validly tendered $776,763,000 aggregate principal amount of Notes by the expiration date, excluding $35,919,000 in guaranteed delivery notices.
Consideration per $1,000 principal amount is $825.60 for the 2051 Notes and $802.42 for the 2052 Notes, plus accrued interest.
The company expects to pay for accepted Notes on April 13, 2026, and for guaranteed delivery tenders on April 15, 2026.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Diamondback Energy launches tender offers for any and all of its 4.400% 2051 and 4.250% 2052 senior notes.
The aggregate principal amounts outstanding are $386,412,000 for the 2051 Notes and $605,258,000 for the 2052 Notes.
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On April 6, 2026, Diamondback Energy, Inc. commenced tender offers to purchase for cash any and all of its outstanding 4.400% Senior Notes due 2051 and 4.250% Senior Notes due 2052.
The consideration per $1,000 principal amount will be based on a fixed spread of 80 basis points plus the yield of the 4.625% U.S. Treasury due November 15, 2055, as determined at 2:00 p.m. New York City time on April 10, 2026.
The tender offers expire at 5:00 p.m. New York City time on April 10, 2026, with settlement expected on April 13, 2026 (or April 15, 2026 for guaranteed delivery).
TD Securities, BofA Securities, Citigroup, and Wells Fargo Securities are the dealer managers; D.F. King & Co., Inc. is the tender and information agent.
8.01 Other Events · 9.01 Financial Statements and Exhibits