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 Ratings3.2

Latest Updates

Employees (est.) (Dec 2019)712
Job Openings13
Revenue (FY, 2020)$2.8 B(-29%)
Share Price (Jun 2021)$85.8
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 $2.81 b in FY, 2020
USD

Revenue (Q1, 2021)

1.2b

Net income (Q1, 2021)

223.0m

EBIT (Q1, 2021)

571.0m

Market capitalization (4-Jun-2021)

15.5b

Closing stock price (4-Jun-2021)

85.8

Cash (31-Mar-2021)

121.0m

EV

23.1b
Diamondback Energy's current market capitalization is $15.5 b.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

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

Revenue growth, %

138%(10%)18%

General and administrative expense

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

Operating expense total

9.2m9.9m19.9m29.6m42.6m48.7m67.8m108.0m92.0m
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$8.2 b

Diamondback Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Diamondback Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

CSRHub logo

Diamondback Energy Online and Social Media Presence

Embed Graph

Diamondback Energy News and Updates

Diamondback Energy, Inc. Announces Final Results of Debt Tender Offers and Consent Solicitations

MIDLAND, Texas, April 01, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) announced today the final results of Diamondback’s previously announced (i) cash tender offer (the “Diamondback Tender Offer”) to purchase any and all of Diamondback’s outstan…

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Schedules First Quarter 2021 Conference Call for May 4, 2021

MIDLAND, Texas, March 30, 2021 (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 first quarter 2021 financial results on May 3, 2021 after the market closes.

Diamondback Energy, Inc. Announces Early Results of Debt Tender Offers and Consent Solicitations

MIDLAND, Texas, March 17, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) announced today the early results of Diamondback’s previously announced (i) cash tender offer (the “Diamondback Tender Offer”) to purchase any and all of Diamondback’s outstan…

Diamondback Energy, Inc. Completes Acquisition of QEP Resources, Inc.

MIDLAND, Texas, March 17, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that it has completed its previously announced acquisition of QEP Resources, Inc. (NYSE: QEP) (“QEP”) in an all-stock merger following approval of the merger …

Glass Lewis Joins ISS in Reaffirming Support for Pending Acquisition of QEP Resources by Diamondback Energy

DENVER, March 12, 2021 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today issued the following statement in response to Glass Lewis & Co.’s (Glass Lewis) decision to reaffirm its previous recommendation of support for the pending acquisition of QEP by Diamondback En…

Diamondback Energy, Inc. Announces Conditional Tender Offers and Consent Solicitations for Its 5.375% Senior Notes due 2025 and QEP Resources, Inc.’s 5.375% Senior Notes due 2022, 5.250% Senior Notes due 2023 and 5.625% Senior Notes due 2026

MIDLAND, Texas, March 04, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) today announced that, in connection with the pending all-stock acquisition of QEP Resources, Inc. (“QEP”), it has commenced (i) a cash tender offer (the “Diamondback Tender Of…
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Diamondback Energy Blogs

Jere W. Thompson III

Jere W. Thompson III ali.mathis@west.com Wed, 05/05/2021 - 10:18 Jere W. Thompson III Vice President of Strategy and Corporate Development Mr. Thompson has served as Vice President of Strategy and Corporate Development since March 2021. Pr…

Diamondback Energy, Inc. Provides First Quarter Update and Announces Revised 2021 Guidance

Diamondback Energy, Inc. Provides First Quarter Update and Announces Revised 2021 Guidance Content Import Mon, 04/12/2021 - 16:02 Diamondback Energy, Inc. Provides First Quarter Update and Announces Revised 2021 Guidance Apr 12, 2021 This release is a backfil…

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
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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 $2.8 b.

  • What is Diamondback Energy revenue per employee?

    Latest Diamondback Energy revenue per employee is $4 m.

  • Who are Diamondback Energy competitors?

    Competitors of Diamondback Energy include Pemex, Sino Oil and Gas Holdings and Trek Resources.

  • 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.