Diamondback Energy, Inc.

Diamondback Energy, Inc. is an independent oil and natural gas company headquartered in Midland, Texas. The company's core business is focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves primarily within the Permian Basin in West Texas. Diamondback operates with a disciplined commitment to a culture of excellence, efficiency, and a low-cost structure, guided by its core values of integrity, leadership, excellence, people, and teamwork.

Diamondback Energy's key products include petroleum, natural gas, and natural gas liquids. Its operational activities are primarily directed at the horizontal development of multiple intervals within formations such as the Wolfcamp, Spraberry, Bone Spring, Clearfork, Cline, Strawn, and Atoka in the Permian Basin. The company also has a publicly traded subsidiary, Viper Energy, Inc. (NASDAQ: VNOM), which focuses on owning and acquiring mineral and royalty interests in oil and natural gas properties, predominantly in the Permian Basin.

In recent news, Diamondback Energy completed a significant $26 billion merger with Endeavor Energy Resources in September 2024, which substantially expanded its operational footprint by adding approximately 470,000 net acres and doubling its total acreage position, solidifying its position as one of the largest independent oil and gas producers in the Permian Basin. Kaes Van't Hof assumed the role of Chief Executive Officer in May 2025, succeeding Travis D. Stice, who transitioned to Executive Chairman. The company reported strong financial and operating results for the fourth quarter and full year 2025, demonstrating robust cash generation, shareholder returns, and reserve growth, alongside an increase in its base dividend. Diamondback Energy is scheduled to release its first-quarter 2026 earnings on May 4, 2026.