16 May 2022business combination▲ GoodMajor
Diamondback agreed to buy out the public unitholders of its majority-owned Rattler Midstream LP for stock, at roughly a 17% premium, bringing the midstream business fully in-house.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 May 2022merger communication● Neutral
A duplicate SEC filing of the same-day announcement that Diamondback will buy out Rattler Midstream's public unitholders.
5 May 2022quarterly activities report● Neutral
Diamondback filed its 10-Q for the quarter ended March 31, 2022, reporting net income of $779 million and covering the January Ward County acquisition and the refinancing of its 2024 and 2025 notes.
2 May 2022quarterly activities report● Neutral
Diamondback reported first quarter 2022 net income of $779 million and free cash flow of $974 million, and raised its annual base dividend 17% to $2.80 per share plus a $2.35 variable dividend.
28 Apr 2022agm notice● Neutral
Diamondback filed its proxy statement for the June 9, 2022 annual meeting in Oklahoma City, asking stockholders to elect eight directors, approve executive pay on an advisory basis, and ratify Grant Thornton as auditor.
28 Apr 2022agm notice● Neutral
Diamondback Energy, Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
7 Apr 2022quarterly activities report● Neutral
Diamondback said it paid $420 million in net cash settlements on its commodity derivatives in the first quarter of 2022, including $135 million to terminate some positions early, and updated its hedge positions as of April 5, 2022.
6 Apr 2022director interest notice● Neutral
Diamondback Energy, Inc. President & CFO Van't Hof Matthew Kaes sold 6,000 shares at $140.02.
24 Mar 2022material agreement termination● Neutral
Diamondback redeemed its remaining 2024 and 2025 notes (about $1.56 billion combined), completing the refinancing into its new 2052 bonds.
23 Mar 2022director interest notice● Neutral
Diamondback Energy, Inc. CAO, Exec. VP, Assist. Sec. Dick Teresa L. sold 2,500 shares at $140.03.
17 Mar 2022debt financing● Neutral
Diamondback closed its $750 million offering of 4.250% notes due 2052 on March 17, two weeks after pricing it. The notes were issued under a fifth supplemental indenture and guaranteed by Diamondback E&P LLC.
11 Mar 2022substantial holder notice● Neutral
BlackRock, Inc reported a Diamondback Energy, Inc. shareholding of 13,938,631 shares (7.70% of votes) in a periodic institutional filing.
9 Mar 2022material agreement● Neutral
Diamondback priced $750 million of 4.250% senior notes due 2052 at 99.714% of par. It planned to use the proceeds, plus cash on hand, to redeem all of its 4.750% 2025 notes and 2.875% 2024 notes.
9 Mar 2022director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP and Chief HR Officer Soliman Jennifer sold 2,100 shares at $140.00.
8 Mar 2022director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP, Gen Counsel and Sec Zmigrosky Matt sold 3,000 shares at $136.77.
7 Mar 2022securities registration● Neutral
Diamondback Energy, Inc. filed the final prospectus for a registered offering.
3 Mar 2022director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP - Special Projects Thomas F. Hawkins acquired 12,168 shares and disposed of 13,264 in a set of related equity transactions.
3 Mar 2022director interest notice● Neutral
Diamondback Energy, Inc. Chief Executive Officer Travis D. Stice acquired 77,119 shares and disposed of 33,445 in a set of related equity transactions.
3 Mar 2022securities registration● Neutral
Diamondback Energy, Inc. amended its automatic shelf registration statement.
3 Mar 2022director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP & COO Daniel N Wesson acquired 12,853 shares and disposed of 8,954 in a set of related equity transactions.
3 Mar 2022director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP and Chief HR Officer Jennifer Soliman acquired 5,713 shares and disposed of 2,566 in a set of related equity transactions.
3 Mar 2022director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP, Gen Counsel and Sec Matt Zmigrosky acquired 16,698 shares and disposed of 7,313 in a set of related equity transactions.
3 Mar 2022securities registration● Neutral
Diamondback Energy, Inc. filed a prospectus supplement for an offering off its existing shelf.
3 Mar 2022securities registration● Neutral
Diamondback Energy, Inc. filed a free-writing prospectus - marketing material for an offering in progress.
3 Mar 2022director interest notice● Neutral
Diamondback Energy, Inc. CAO, Exec. VP, Assist. Sec. Teresa L. Dick acquired 19,335 shares and disposed of 10,012 in a set of related equity transactions.
3 Mar 2022director interest notice● Neutral
Diamondback Energy, Inc. President & CFO Hof Matthew Kaes Van't acquired 34,605 shares and disposed of 15,714 in a set of related equity transactions.
3 Mar 2022director interest notice● Neutral
Diamondback Energy, Inc. director Cross Michael P sold 4,000 shares at $139.00.
22 Feb 2022quarterly activities report● Neutral
Diamondback reported fourth quarter 2021 net income of $1,002 million ($5.54 per diluted share) and Free Cash Flow of $772 million. It raised its annual dividend 20% to $2.40 per share and guided 2022 cash capex of $1.75-$1.90 billion.
14 Feb 2022director interest notice● Neutral
Diamondback Energy, Inc. Chief Executive Officer Stice Travis D. gifted 3,000 shares.
11 Feb 2022substantial holder notice● Neutral
Guidon Operating LLC, BCP GEMS Holdings LLC and other Guidon and Blackstone entities filed an amended 13G for Diamondback Energy, Inc. Blackstone-side entities reported 10,590,033 shares (5.8%), while individual Guidon entities reported smaller stakes, such as 783,353 shares (0.4%).