OverviewSuggest Edit

Diamondback Energy is an independent oil and natural gas company. The Company's growth strategy is focused on the acquisition, development, exploration and exploitation of unconventional, long-life, onshore oil and natural gas reserves in the major oil producing Permian Basin in West Texas.

TypePublic
Founded2007
HQMidland, TX, US
Websitediamondbackenergy.com
Employee Ratings2.5

Latest Updates

Employees (est.) (Dec 2019)712
Revenue (FY, 2019)$4 B(+83%)
Share Price (Feb 2021)$64.4 (-1%)
Cybersecurity ratingBMore

Key People/Management at Diamondback Energy

Travis D. Stice

Travis D. Stice

Chief Executive Officer and Director
Michael L. Hollis

Michael L. Hollis

President, Chief Operating Officer and Director
Teresa L. Dick

Teresa L. Dick

Executive Vice President and Chief Financial Officer
Randall J. Holder

Randall J. Holder

Executive Vice President, General Counsel and Secretary
Paul S. Molnar

Paul S. Molnar

Executive Vice President - Exploration and Business Development
Russell D. Pantermuehl

Russell D. Pantermuehl

Executive Vice President - Reservoir Engineering
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Diamondback Energy Office Locations

Diamondback Energy has an office in Midland
Midland, TX, US (HQ)
500 W Texas Ave #1200
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Diamondback Energy Financials and Metrics

Diamondback Energy Revenue

Diamondback Energy's revenue was reported to be $3.96 b in FY, 2019
USD

Revenue (Q3, 2020)

606.0m

Market capitalization (5-Feb-2021)

10.2b

Closing stock price (5-Feb-2021)

64.4

Cash (30-Sept-2020)

92.0m

EV

15.9b
Diamondback Energy's current market capitalization is $10.2 b.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

97.5m208.0m495.7m446.7m527.1m1.2b2.2b4.0b

Revenue growth, %

138%(10%)18%

General and administrative expense

9.2m9.9m19.9m29.6m42.6m48.7m64.6m104.0m

Operating expense total

9.2m9.9m19.9m29.6m42.6m48.7m67.8m108.0m
Quarterly
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

26.4m15.6m30.2m20.1m1.7b112.4m214.5m123.0m

Accounts Receivable

102.1m158.6m296.5m429.0m

Prepaid Expenses

1.1m1.2m4.6m2.9m4.9m50.3m43.0m

Inventories

6.2m5.6m2.8m1.7m2.0m9.1m37.6m37.0m
USDQ3, 2012

Financial Leverage

1 x
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Diamondback Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
EnergenAugust 15, 2018$8.20 b

Diamondback Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Diamondback Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Diamondback Energy Online and Social Media Presence

Embed Graph

Diamondback Energy News and Updates

Diamondback Energy, Inc. Schedules Fourth Quarter 2020 Conference Call for February 23, 2021

MIDLAND, Texas, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release fourth quarter 2020 financial results on February 22, 2021 after the market closes.

Diamondback Energy, Inc. to Acquire QEP Resources in All-Stock Transaction

MIDLAND, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and QEP Resources (NYSE: QEP) (“QEP”) today announced that they have entered into a definitive agreement under which Diamondback will acquire QEP in an all-stock transaction v…

Diamondback Energy, Inc. Announces Midland Basin Acquisition

MIDLAND, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced it has entered into a definitive purchase agreement to acquire all leasehold interests and related assets of Guidon Operating LLC ( “Guidon” or the “Seller”) i…

Diamondback Energy cuts 2020 production forecast

Oil and gas producer Diamondback Energy Inc on Tuesday cut its full-year 2020 production forecast by about 5% as it curtailed drilling activity and curbed spending to cope with a slump in oil prices.

Diamondback Energy cuts drilling activity on weaker oil prices

Oil and gas producer Diamondback Energy Inc said on Monday it was reducing drilling activity immediately and expects to drop two rigs in April 2020 and a third later in the second quarter of 2020 as a result of weak oil prices.

Diamondback Energy, Inc. Provides Operational Update

MIDLAND, Texas, March 09, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today provided an operational update given recent commodity price volatility.
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Diamondback Energy Blogs

Diamondback Energy, Inc. Provides Third Quarter Update

Diamondback Energy, Inc. Provides Third Quarter Update Content Import Tue, 10/13/2020 - 16:02 Diamondback Energy, Inc. Provides Third Quarter Update Oct 13, 2020 This release is a backfill from a News Wire General MIDLAND, Texas, Oct…

Diamondback Energy, Inc. Schedules Third Quarter 2020 Conference Call for November 3, 2020

MIDLAND, Tx. , Sept. 25, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release third quarter 2020 financial results on November 2, 2020 after the market closes. In connection with the earnings release, Diamondback will host a

Diamondback Energy, Inc. Announces Second Quarter 2020 Financial and Operating Results

MIDLAND, Texas , Aug. 03, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the second quarter ended June 30, 2020 . SECOND QUARTER 2020 HIGHLIGHTS Generated second quarter cash flow from operating

Diamondback Energy, Inc. Provides Second Quarter Update and Announces Revised 2020 Guidance

MIDLAND, Texas , July 14, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today provided an operational update for the second quarter of 2020 and announced revised full year 2020 guidance. SECOND QUARTER 2020 UPDATE Q2 2020 average production of

Diamondback Energy, Inc. Schedules Second Quarter 2020 Conference Call for August 4, 2020

MIDLAND, Texas , June 30, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced that it plans to release second quarter 2020 financial results on August 3, 2020 after the market closes. In connection with the earnings release, Diamondback will host a

Diamondback Energy Announces the Expiration of the Tender Offer by Energen Corporation for Any and All of Energen Corporation’s 4.625% Senior Notes Due 2021

Diamondback Energy Announces the Expiration of the Tender Offer by Energen Corporation for Any and All of Energen Corporation’s 4.625% Senior Notes Due 2021 Content Import Tue, 05/26/2020 - 06:00 Diamondback Energy Announces the Expiration of the Tender Offer by Energen Corporation for Any…
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Diamondback Energy Frequently Asked Questions

  • When was Diamondback Energy founded?

    Diamondback Energy was founded in 2007.

  • Who are Diamondback Energy key executives?

    Diamondback Energy's key executives are Travis D. Stice, Michael L. Hollis and Teresa L. Dick.

  • How many employees does Diamondback Energy have?

    Diamondback Energy has 712 employees.

  • What is Diamondback Energy revenue?

    Latest Diamondback Energy annual revenue is $4 b.

  • What is Diamondback Energy revenue per employee?

    Latest Diamondback Energy revenue per employee is $5.6 m.

  • Who are Diamondback Energy competitors?

    Competitors of Diamondback Energy include Tethys Oil, Pacific Canbriam Energy and Arete Industries.

  • Where is Diamondback Energy headquarters?

    Diamondback Energy headquarters is located at 500 W Texas Ave #1200, Midland.

  • Where are Diamondback Energy offices?

    Diamondback Energy has an office in Midland.

  • How many offices does Diamondback Energy have?

    Diamondback Energy has 1 office.