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, US
Websitediamondbackenergy.com
Employee Ratings2.2

Latest Updates

Employees (est.) (Dec 2019)712
Job Openings7
Revenue (FY, 2019)$4 B(+83%)
Share Price (Oct 2020)$29
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, 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 (Q2, 2020)

352.0m

Market capitalization (23-Oct-2020)

4.6b

Closing stock price (23-Oct-2020)

29.0

Cash (30-Jun-2020)

51.0m

EV

10.5b
Diamondback Energy's current market capitalization is $4.6 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

87/100

SecurityScorecard logo

Diamondback Energy Online and Social Media Presence

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Diamondback Energy News and Updates

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.

Diamondback Energy quarterly production rises 65%

U.S. oil and gas producer Diamondback Energy Inc said on Tuesday its average daily production in the fourth quarter rose 65%.

Diamondback Energy, Inc. Provides Fourth Quarter 2019 Production Update and Schedules Fourth Quarter 2019 Conference Call for February 19, 2020

MIDLAND, Texas, Jan. 07, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today announced that its average daily production for the fourth quarter of 2019 was 301.3 MBOE/d (195.0 MBO/d), an increase of 5% from Q3 2019 average daily production of 287…

Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Schedules Fourth Quarter 2019 Conference Call for February 19, 2020

MIDLAND, Texas, Jan. 07, 2020 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ: RTLR) (“Rattler”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release fourth quarter 2019 financial results on February 18, 2020 after the market closes.
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Diamondback Energy Blogs

Diamondback Energy, Inc. Announces Commencement of Tender Offer by Energen Corporation for Any and All of Energen Corporation’s 4.625% Senior Notes Due 2021

Diamondback Energy, Inc. Announces Commencement of Tender Offer by Energen Corporation for Any and All of Energen Corporation’s 4.625% Senior Notes Due 2021 Content Import Mon, 05/18/2020 - 09:22 Diamondback Energy, Inc. Announces Commencement of Tender Offer by Energen Corporation for Any…

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

Diamondback Energy, Inc. Announces First Quarter 2020 Financial and Operating Results Content Import Mon, 05/04/2020 - 16:02 Diamondback Energy, Inc. Announces First Quarter 2020 Financial and Operating Results May 4, 2020 This release is a backfill from a Ne…

DIAMONDBACK ENERGY, INC. PROVIDES REVISED 2020 GUIDANCE AND UPDATED HEDGE POSITIONS

MIDLAND, Texas , March 31, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today provided revised full year 2020 guidance and updated hedge positions. REVISED 2020 GUIDANCE HIGHLIGHTS Full year revised 2020 production guidance of 295.0 - 310.0

Diamondback Provides Supplemental Operational Update

MIDLAND, Texas , March 19, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today provided an update to the operational press release it issued on March 9, 2020 , as well as an update to the Company’s 2020 and 2021 oil hedge positions.

Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2019 Financial and Operating Results; Doubles Dividend

MIDLAND, Texas , Feb. 18, 2020 (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, 2019. FOURTH QUARTER 2019 HIGHLIGHTS Q4 2019 average production of

Diamondback Energy, Inc. Announces Third Quarter 2019 Financial and Operating Results and 2020 Capital and Production Guidance

MIDLAND, Texas , Nov. 05, 2019 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the third quarter ended September 30, 2019 and announced 2020 capital and production guidance.
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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 Earthstone Energy, Samson Oil & Gas and Spindletop Oil & Gas Co..

  • 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.