Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it has closed its merger with Endeavor Energy Resources, L.P. (“Endeavor”).
Diamondback Energy, Inc. Closes Merger with Endeavor Energy Resources, L.P.
Diamondback Energy Q3 2024 EPS Estimate Raised Amid Strong Financial Performance
In a recent research note, Zacks Research has revised its earnings per share (EPS) estimate for Diamondback Energy, Inc. (NASDAQ: FANG) for Q3 2024, raising it from $4.10 to $4.14. This adjustment comes as the company continues to demonstrate strong financial performance, with solid returns and increased revenue growth, reinforcing investor confidence in its future prospects.
Diamondback Energy subsidiary to consider developing Innovative Gas-to-Gasoline Plant Set to Transform Natural Gas Utilization in Texas
iamondback is exploring opportunities to create local markets, such as the Verde gas-to-gasoline plant, to avoid selling gas at low or negative prices.
Diamondback Energy Q2 2024: Increased Production Guidance while reducing rig count
In the first half of 2024, Diamondback Energy increased its production guidance and lowered its annual capex due to improved operational efficiencies. The merger with Endeavor Energy Resources is progressing, with expected closure in Q3 or Q4. Q2 highlights include drilling 80 wells, exceeding production guidance with 276.1 MBO/d, and generating $841 million in Adjusted Free Cash Flow. The company declared dividends totaling $2.34 per share and repurchased 19.3 million shares, with a strong focus on cost control and capital discipline.
Diamondback Energy (FANG): Approaching Buy Point Amid Oil Price Recovery and Strong Q1 Earnings
Diamondback Energy (FANG) has been highlighted as the IBD Stock of the Day, nearing a buy point amidst a recovery in oil prices and rising demand heading into the July Fourth holiday.
Diamondback (FANG) JV Acquires New Water Infrastructure Assets
Diamondback Energy’s FANG joint venture (JV) with Five Point Energy LLC, Deep Blue Midland Basin, has acquired the water infrastructure assets from Lagoon Operating Midland. The acquisition underscores the JV’s commitment to sustainable water management practices at the heart of the Midland Basin. The financial details of the transaction have not been disclosed.
Diamondback Energy, Inc. Announces Sale of WTG Midstream
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP
Diamondback Energy’s first quarter of 2024 delivers performance hedging natural gas price
Diamondback Energy’s natural gas operations, noting a decrease in natural gas realizations quarter over quarter due to lower pricing, particularly in the context of declining WAHA basis pricing. Despite this, the company has the majority of its basis exposure hedged to protect its cash flow stream.
Diamondback Energy’s first quarter of 2024 delivers performance using simulfrac & e-fleets for completions
Diamondback Energy’s completion activities, emphasizing efficiency and cost-effectiveness. It mentions the use of four simulfrac crews, including both diesel-powered and e-fleets
Diamondback to boost oil production while cutting Permian drilling rigs following Endeavor megadeal
Diamondback Energy Inc. will borrow a page from the shale-consolidation playbook by cutting drilling rigs after its acquisition of competitor Endeavor Energy Resources LP, a move that will help satisfy investors.
