MIDLAND, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. Endeavor Closing: Diamondback closed the Endeavor transaction on September 10th, which bega ...

MIDLAND, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the third quarter ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS As previously announced, closed merger with Endeavor Energy Resources, L.P. ("Endeavor") on September 10, 2024Average production of 321.1 MBO/d (571.1 MBOE/d)Net cash provided by operating activities of $1.2 billion; Operating Cash Flow Before Working Capital Cha ...

Diamondback Energy, Inc. (FANG) is set to release third-quarter results on Nov. 4, 2024, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.48 per share and that for revenues is pinned at $11.29 billion.Let us delve into the factors that are likely to have influenced the oil and gas exploration and production service provider’s performance in the to-be-reported quarter. But first, it is worth taking a look at Diamondback’s performance in the last reported quarter.Stay up-to-date w ...

In the latest market close, Diamondback Energy (FANG) reached $183.99, with a +0.02% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq added 0.63%. Shares of the energy exploration and production company witnessed a gain of 1.28% over the previous month, beating the performance of the Oils-Energy sector with its loss of 7.82% and underperforming the S&P 500's gain of 3.76%. Analysts and inves ...

The most recent trading session ended with Diamondback Energy (FANG) standing at $194.96, reflecting a +0.46% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.61% gain on the day. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 0.33%. Heading into today, shares of the energy exploration and production company had gained 13.58% over the past month, outpacing the Oils-Energy sector's loss of 2.26% and the S&P 500's gain of 5.36% in that time. The inves ...

Diamondback Energy Inc (FANG, Financial) has recently captured the attention of investors and financial analysts alike, thanks to its strong financial performance and promising growth prospects. With its shares currently priced at $198.05 and experiencing a daily gain of 1.77%, despite a slight three-month dip of -2.08%, the company stands out in the competitive energy sector. A detailed analysis, supported by the GF Score, indicates that Diamondback Energy Inc is poised for significant future growth. Diamo ...

Viper Energy Inc. (VNOM) and its operating subsidiary, Viper Energy Partners LLC (also referred to as OpCo), have completed the acquisition of certain subsidiaries of Tumbleweed Royalty IV LLC owning mineral and royalty interests. The acquisition was previously announced in a purchase agreement dated Sept. 11, 2024. The acquisition was financed through a combination of cash and OpCo units. The transaction involved approximately $459 million in cash and nearly 10.1 million OpCo units issued to Tumbleweed Roy ...

Diamondback Energy Inc FANG shares were climbing in early trading on Friday, during a rise in energy stocks with growing Middle East tensions. Following the Endeavor acquisition, Diamondback and ExxonMobil Corp XOM are now the dominant players in the Midland Basin, according to BMO Capital Markets. Analyst Phillip Jungwirth upgraded the rating for Diamondback Energy from Market Perform to Outperform, while raising the price target from $205 to $215. The Diamondback Energy Thesis: Synergies from the Endeavor ...

Diamondback Energy Inc (FANG, Financial) has recently captured the attention of investors and financial analysts alike, thanks to its strong financial performance and promising growth prospects. With its shares currently trading at $191.13 and experiencing a daily gain of 1.5%, despite a three-month dip of -6.6%, the company stands out in the competitive energy sector. A detailed analysis, supported by the GF Score, indicates that Diamondback Energy Inc is poised for significant future growth. Diamondback E ...

October 4, 2024 - Diamondback Energy (FANG, Financial), a leading company that primarily focuses on finding and producing oil and natural gas in the Permian Basin, West Texas, that is known for its rich energy resources, is experiencing a surge in investor interest. Here's a breakdown of the key drivers: The possibility of a joint US-Israeli military action against Iran's oil infrastructure in the Persian Gulf has sparked fears of a massive oil price surge. Should this attack materialize, it could severely ...