Diamondback Energy, Inc.

Diamondback Energy, Inc. and its subsidiary Diamondback E&P LLC executed a seventeenth amendment to their Second Amended and Restated Credit Agreement. This amendment extends the credit agreement's maturity date by one year, from June 12, 2030, to June 12, 2031. Additionally, the total commitments under the agreement were increased from $2.5 billion to $3.0 billion, and the interest rate and certain fees were decreased. Sumitomo Mitsui Banking Corporation also joined as a new lender.

Diamondback Energy, Inc. announced a leadership transition where Travis D. Stice stepped down as Executive Chairman and became non-executive Chairman of the Board, effective May 20, 2026. This change was part of a previously announced plan. Concurrently, at its 2026 Annual Meeting of Stockholders, all 13 director nominees were elected, and stockholders approved the advisory vote on named executive officer compensation. The Board also determined to hold future advisory votes on executive compensation annually, aligning with stockholder preference, and ratified Grant Thornton LLP as the independent auditor for 2026.

Diamondback Energy, Inc. reported a significant decline in net income for Q1 2026, falling to $25 million from $1,405 million in Q1 2025, primarily due to a $1.4 billion impairment charge on oil and natural gas properties. Despite an increase in total revenues to $4.24 billion, natural gas and NGL sales decreased. The company also completed the divestiture of Viper's non-Permian assets for $610 million and sold Viper Class A common stock for $589 million, using proceeds for debt reduction and general corporate purposes.

Diamondback Energy, Inc. announced strong first-quarter 2026 financial and operating results, including average oil production of 521.0 MBO/d, exceeding guidance. The company generated $1.8 billion in net cash from operating activities and $1.7 billion in Free Cash Flow. Diamondback increased its base cash dividend by 5% to $1.10 per share and raised its 2026 annual oil production guidance to 520+ MBO/d. Despite reporting a net income of $25 million due to a $1.4 billion non-cash impairment, the company highlighted significant debt reduction of $3.7 billion since Q3 2025 and repurchased $548 million in shares.

Diamondback Energy announced strong first quarter 2026 financial and operating results, including average oil production of 521.0 MBO/d and $1.7 billion in Free Cash Flow. The company increased its base cash dividend by 5% to $1.10 per share and repurchased 3.3 million shares for $548 million. Furthermore, Diamondback raised its full-year 2026 oil production guidance to 520+ MBO/d, reflecting anticipated organic growth, and updated its cash capital expenditures guidance.

Diamondback Energy reported strong first-quarter 2026 operational and financial results, with oil production averaging 521 MBO/d, exceeding guidance. The company announced a strategic shift in its capital allocation, removing the formulaic return commitment to stockholders to allow for greater flexibility. As part of this, Diamondback increased its base dividend by 5% to $4.40 per share annually and will continue share repurchases, while pausing variable dividends. The company also plans to increase production immediately by working down drilled but uncompleted wells and adding rigs, responding to a significant global oil supply deficit.

Diamondback Energy, Inc. reported its first quarter 2026 financial conditions, including realized prices and derivative activity. The company achieved an average unhedged oil price of $73.47 per barrel and a hedged oil price of $72.53 per barrel. For Q1 2026, Diamondback anticipates a net gain of $133 million on cash settlements for derivative instruments, alongside a $16 million net non-cash loss on derivatives.

Diamondback Energy, Inc. announced the final results of its previously disclosed 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 offers expired on April 10, 2026, at 5:00 p.m. New York City time. The company issued press releases on April 10, 2026, for pricing and on April 13, 2026, for the results.

Diamondback Energy announced the expiration and results of its tender offers for its 4.400% Senior Notes due 2051 and 4.250% Senior Notes due 2052. By the April 10, 2026 expiration date, $776,763,000.00 aggregate principal amount of Notes were validly tendered. The company intends to accept and pay for these notes, with the settlement date for most notes expected on April 13, 2026, and for guaranteed delivery notes on April 15, 2026.

Diamondback Energy, Inc. announced the pricing of its cash tender offers for its outstanding 4.400% Senior Notes due 2051 and 4.250% Senior Notes due 2052. The consideration for the 2051 Notes is $825.60 per $1,000 principal amount, and for the 2052 Notes is $802.42 per $1,000 principal amount. The offers expire today, April 10, 2026, with the settlement date expected on April 13, 2026, including accrued interest.