5 Aug 2024quarterly activities report● Neutral
Diamondback reported Q2 2024 net income of $837 million, or $4.66 per diluted share, with production of 474.7 MBOE/d. It declared a $0.90 base and $1.44 variable dividend per share.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 July 2024quarterly activities report● Neutral
Diamondback said its Q2 2024 unhedged realized prices were $79.51 per barrel of oil, $0.10 per Mcf of gas and $17.97 per barrel of NGLs. It expected a $28 million net cash derivative settlement loss and 178.4 million weighted average shares.
12 June 2024director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP and Chief Engineer Albert Barkmann sold 1,000 shares at $194.75.
12 June 2024agm notice● Neutral
Diamondback Energy, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
12 June 2024director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP & COO Daniel N Wesson sold 4,000 shares at $194.69.
10 June 2024director interest notice● Neutral
Diamondback Energy, Inc. director Melanie Montague Trent received 1,035 shares as part of the equity award.
10 June 2024director interest notice● Neutral
Diamondback Energy, Inc. director Vincent K Brooks received 1,035 shares as part of the equity award.
10 June 2024director interest notice● Neutral
Diamondback Energy, Inc. director Mark Lawrence Plaumann received 1,035 shares as part of the equity award.
10 June 2024director interest notice● Neutral
Diamondback Energy, Inc. director Frank D. Tsuru received 1,035 shares as part of the equity award.
10 June 2024director interest notice● Neutral
Diamondback Energy, Inc. director Steven E West received 1,035 shares as part of the equity award.
10 June 2024director interest notice● Neutral
Diamondback Energy, Inc. director Rebecca A Klein received 1,035 shares as part of the equity award.
10 June 2024director interest notice● Neutral
Diamondback Energy, Inc. director David L Houston received 1,035 shares as part of the equity award.
10 June 2024director interest notice● Neutral
Diamondback Energy, Inc. director Stephanie K. Mains received 1,035 shares as part of the equity award.
4 June 2024director interest notice● Neutral
Diamondback Energy, Inc. Chief Executive Officer Travis D. Stice gifted 32,670 shares.
29 May 2024director interest notice● Neutral
Diamondback Energy, Inc. EVP, Chief Legal and Admin Off Matt Zmigrosky had 204 shares withheld for taxes on vesting stock.
29 May 2024director interest notice● Neutral
Diamondback Energy, Inc. CAO, Exec. VP, Assist. Sec. Teresa L. Dick had 570 shares withheld for taxes on vesting stock.
29 May 2024director interest notice● Neutral
Diamondback Energy, Inc. Chief Executive Officer Travis D. Stice had 1,017 shares withheld for taxes on vesting stock.
29 May 2024director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP & COO Daniel N Wesson disposed of 8,541 shares via option/appreciation-right settlement.
29 May 2024director interest notice● Neutral
Diamondback Energy, Inc. President & CFO Hof Matthew Kaes Van't had 10,164 shares withheld for taxes on vesting stock.
29 May 2024director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP and Chief Engineer Albert Barkmann had 153 shares withheld for taxes on vesting stock.
20 May 2024director interest notice● Neutral
Diamondback Energy, Inc. EVP, Chief Legal and Admin Off Matt Zmigrosky sold 6,000 shares at $198.15.
20 May 2024director interest notice● Neutral
Diamondback Energy, Inc. Chief Executive Officer Travis D. Stice gifted 10,000 shares.
20 May 2024director interest notice● Neutral
Diamondback Energy, Inc. President & CFO Hof Matthew Kaes Van't sold 25,000 shares.
7 May 2024director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP - Strategy & Corp Dev Jere W Thompson III sold 900 shares at $199.90.
2 May 2024quarterly activities report● Neutral
Diamondback filed its quarterly report for the three months ended March 31, 2024. It covered the Viper and Endeavor-related financing, including a new term loan agreement and a bridge facility.
30 Apr 2024quarterly activities report● Neutral
Diamondback Energy, Inc. reported quarterly revenue of $2227.0 million and net income of $768.0 million for the period ended 2024-03-31.
29 Apr 2024business combination▲ GoodMajor
Diamondback shareholders approved the share issuance for the Endeavor merger on April 26, 2024. The FTC then issued a Second Request on April 29, extending the antitrust waiting period, and Diamondback expected closing in the fourth quarter of 2024.
25 Apr 2024agm notice● Neutral
Diamondback issued its proxy statement for the annual meeting set for June 6, 2024. Stockholders were asked to elect nine directors, hold an advisory pay vote and ratify Grant Thornton as auditor.
25 Apr 2024agm notice● Neutral
Diamondback filed additional definitive proxy materials (a DEFA14A) in connection with its 2024 annual meeting; the visible text is only the cover page.
18 Apr 2024business combination● Neutral
Stockholders filed three lawsuits and sent demand letters challenging disclosures in the Endeavor merger proxy, and the suits sought to block the vote. Diamondback called them meritless but voluntarily supplemented the proxy, including details of Jefferies' valuation analyses.