Diamondback Energy Inc

1FANG

Company Profile

  • Business description

    Diamondback is a crude oil and natural gas exploration and production firm whose operations represent a pure-play in the US Permian Basin. The company went public in 2012 and has established itself as a top-tier independent producer through disciplined acquisition and operational excellence. The company's most transformational transaction occurred in September 2024 with the completion of its $26 billion merger with Endeavor Energy Resources, which added around 470,000 net acres and doubled Diamondback's total acreage position. Diamondback boasts an enviable position in the Midland sub-basin, with some of the lowest unit costs among its Permian peers.

  • Contact

    500 West Texas Avenue
    Suite 100
    MidlandTX79701
    USA

    T: +1 432 221-7400

    E: [email protected]

    https://www.diamondbackenergy.com

  • Sector

    Energy

    Stock type

    Sensitive

  • Industry

    Oil & Gas E&P

    Fiscal Year End

    31 December 2026

    Employees

    1,762

Stocks News & Analysis

stocks

ASX REIT downgraded following underwhelming exit

Discounted exit raises investor concerns.
stocks

Ahead of an IPO, the maths behind Databrick’s $190 billion valuation doesn’t add up

The data and AI company is one of the world’s strongest private companies, but a PitchBook report says it’s unattractive at the current price.
stocks

Takeover proposal agreed for ASX share, other offers permitted

Morningstar analysts’ take on the takeover for this undervalued industrial player.

Morningstar Investment Ideas

Markets

Index
Last price
Change
% Change
All Ordinaries8,919.103.60-0.04%
CAC 408,143.4978.470.97%
DAX 4025,605.62301.561.19%
Dow JONES (US)52,006.48323.840.63%
FTSE 10010,766.29107.161.01%
HKSE25,042.71291.931.18%
NASDAQ26,522.54104.250.39%
Nikkei 22565,018.95882.701.38%
NZX 50 Index13,821.2082.060.60%
S&P 5007,696.1845.680.60%
S&P/ASX 2008,731.900.700.01%
SSE Composite Index3,949.9138.040.97%

Market Movers