Diamondback Energy

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 Ratings3.4

Latest Updates

Employees (est.) (Dec 2019)712
Job Openings27
Revenue (FY, 2021)$6.8 B(+142%)
Share Price (Aug 2022)$116.5(-4%)
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

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
Show more

Diamondback Energy Office Locations

Diamondback Energy has an office in Midland
Midland, TX, US (HQ)
500 W Texas Ave #1200
Show all (1)

Diamondback Energy Financials and Metrics

Diamondback Energy Revenue

Diamondback Energy's revenue was reported to be $6.8 b in FY, 2021
USD

Revenue (Q1, 2022)

2.4b

Net income (Q1, 2022)

803.0m

EBIT (Q1, 2022)

1.7b

Market capitalization (4-Aug-2022)

21.5b

Closing stock price (4-Aug-2022)

116.5

Cash (31-Mar-2022)

149.0m
Diamondback Energy's current market capitalization is $21.5 b.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

97.5m208.0m495.7m446.7m527.1m1.2b2.2b4.0b2.8b6.8b

Revenue growth, %

138%(10%)18%

General and administrative expense

9.2m9.9m19.9m29.6m42.6m48.7m64.6m104.0m88.0m146.0m

Operating expense total

9.2m9.9m19.9m29.6m42.6m48.7m67.8m108.0m92.0m
Quarterly
USDQ3, 2012

Financial Leverage

1 x
Show all financial metrics

Diamondback Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
EnergenAugust 15, 2018$8.2 b

Diamondback Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

98/100

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

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Schedules Second Quarter 2022 Conference Call for August 2, 2022

MIDLAND, Texas, July 01, 2022 (GLOBE NEWSWIRE) -- Viper Energy Partners LP (NASDAQ: VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release second quarter 2022 financial results on August 1, 2022 after the market closes.

Should You Pick Diamondback Energy Stock For Near Term Gains?

The shares of Diamondback Energy have reached pre-Covid levels assisted by a strong recovery in benchmark oil prices and rising transportation demand. However, the recent dip earlier this month was triggered by fears of another infectious wave by the Omicron variant...

Earnings Preview: What To Expect From Diamondback Energy Today

Earnings Preview: What To Expect From Diamondback Energy Today. Here's what to expect.

Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Announces Drop Down Transaction

MIDLAND, Texas, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ: RTLR) (“Rattler”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that Rattler Midstream Operating LLC entered into a definitive purchase agreement to acquire certain water mid…

Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Announces Strategic Midland Basin Gas Gathering & Processing Joint Venture

MIDLAND, Texas, Oct. 12, 2021 (GLOBE NEWSWIRE) -- On October 5, 2021 Rattler Midstream LP (NASDAQ: RTLR) (“Rattler”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), and a private affiliate of an investment fund, completed an acquisition of a majority interest in a Midland…

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces Closing of Acquisition From Swallowtail Royalties LLC and Swallowtail Royalties II LLC

MIDLAND, Texas, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Viper Energy Partners LP (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced it has completed its previously announced acquisition of certain mineral and royalty interest…
Show more

Diamondback Energy Blogs

Diamondback Energy, Inc. Announces Agreement to Acquire Publicly Held Units of Rattler Midstream LP

Diamondback Energy, Inc. Announces Agreement to Acquire Publicly Held Units of Rattler Midstream LP Content Import Mon, 05/16/2022 - 06:00 Diamondback Energy, Inc. Announces Agreement to Acquire Publicly Held Units of Rattler Midstream LP May 16, 2022 General…

Diamondback Energy, Inc. Schedules First Quarter 2022 Conference Call for May 3, 2022

MIDLAND, Texas , April 05, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release first quarter 2022 financial results on May 2, 2022 after the market closes. In connection with the earnings release, Diamondback will host a

Diamondback Energy, Inc. Responds to Humanitarian Crisis in Eastern Europe and Ukraine

MIDLAND, Texas , March 17, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (“Diamondback”) (Nasdaq: FANG) today announced a $10 million commitment to support various non-profit entities that have risen to meet the humanitarian needs of the people of Ukraine displaced by the Russian invasion of

Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2021 Financial and Operating Results; Increases Dividend

MIDLAND, Texas , Feb. 22, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and full year ended December 31, 2021 . FOURTH QUARTER 2021 HIGHLIGHTS Average production of 226.3 MBO/d

Diamondback Energy, Inc. Announces Third Quarter 2021 Financial and Operating Results; Increases Dividend

MIDLAND, Texas , Nov. 01, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the third quarter ended September 30, 2021 . THIRD QUARTER 2021 HIGHLIGHTS Q3 2021 average production of 239.8 MBO/d (404.3

Diamondback Energy, Inc. Completes Divestiture of Williston Basin Assets and Announces Notice of Redemption of $650 million of 0.900% Senior Notes due 2023

MIDLAND, Texas , Oct. 21, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that it has completed its previously announced divestiture of its oil and gas assets in the Williston Basin to Oasis Petroleum Inc.
Show more

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 $6.8 b.

  • What is Diamondback Energy revenue per employee?

    Latest Diamondback Energy revenue per employee is $9.5 m.

  • Who are Diamondback Energy competitors?

    Competitors of Diamondback Energy include Pemex, Sino Oil and Gas Holdings and Laredo Petroleum.

  • 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.