18 Apr 2024agm notice● Neutral
Diamondback completed a public offering of $4.5 billion of senior notes due 2027 to 2064. Most of the notes would be redeemed at 101% if the pending Endeavor acquisition failed to close.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Apr 2024agm notice● Neutral
Diamondback voluntarily supplemented its proxy statement for the Endeavor merger after three shareholder lawsuits and several demand letters challenged its disclosures. It said the claims were without merit and gave added detail on its financial advisor's analyses.
18 Apr 2024debt financing● Neutral
Diamondback completed its $5.5 billion, five-tranche bond offering to fund the pending Endeavor Energy Resources merger.
12 Apr 2024material agreement● NeutralMajor
Diamondback raised $5.5 billion across five bond tranches, one of its largest-ever debt raises, to fund the cash portion of its pending Endeavor Energy Resources merger and repay Endeavor's existing debt.
12 Apr 2024agm notice● Neutral
Diamondback priced a five-part senior notes offering totalling $5.5 billion, with net proceeds of about $5.4 billion. Proceeds were to help pay the cash portion of the pending Endeavor acquisition, with closing expected April 18, 2024.
11 Apr 2024securities registration● Neutral
Diamondback Energy, Inc. filed the final prospectus for a registered offering.
10 Apr 2024securities registration● Neutral
Diamondback Energy, Inc. filed a free-writing prospectus - marketing material for an offering in progress.
10 Apr 2024quarterly activities report● Neutral
Diamondback gave preliminary first-quarter 2024 figures: unhedged realized prices of $75.06 per barrel of oil, $0.99 per Mcf of gas and $21.26 per barrel of NGLs, and a net derivative loss of $48 million.
8 Apr 2024securities registration● Neutral
Diamondback Energy, Inc. filed a prospectus supplement for an offering off its existing shelf.
4 Apr 2024director interest notice● Neutral
Diamondback Energy, Inc. Chief Executive Officer Travis D. Stice sold 30,000 shares at $200.00.
1 Apr 2024agm notice● Neutral
Diamondback's CEO told employees the HSR waiting period was re-set to expire April 29, 2024, and a special stockholder meeting on the Endeavor merger was set for April 26. Closing was expected shortly after both conditions were met.
29 Mar 2024business combination● NeutralMajor
Diamondback filed its final proxy for the Endeavor merger (the March 19 draft is now definitive). A special shareholder meeting is set for April 26, 2024 in Midland (record date March 22, 2024) to vote on issuing 117,267,069 shares, and on raising authorized shares from 400 million to 800 million. The deal is $8.0 billion cash plus those shares, leaving current holders with about 60.5% of the combined company. The board unanimously recommends voting for all proposals, and the proxy says not voting counts as a vote against the share increase.
25 Mar 2024director interest notice● Neutral
Diamondback Energy, Inc. EVP, Chief Legal and Admin Off Matt Zmigrosky sold 5,000 shares at $193.94.
25 Mar 2024director interest notice● Neutral
Diamondback Energy, Inc. CAO, Exec. VP, Assist. Sec. Teresa L. Dick sold 2,000 shares at $193.92.
21 Mar 2024director interest notice● Neutral
Diamondback Energy, Inc. President & CFO Hof Matthew Kaes Van't sold 12,000 shares at $190.82.
21 Mar 2024director interest notice● Neutral
Diamondback Energy, Inc. CAO, Exec. VP, Assist. Sec. Teresa L. Dick sold 2,000 shares at $192.00.
21 Mar 2024director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP & COO Daniel N Wesson sold 6,000 shares at $192.17.
21 Mar 2024director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP and Chief Engineer Albert Barkmann sold 1,066 shares at $190.75.
21 Mar 2024director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP - Strategy & Corp Dev Jere W Thompson III sold 2,675 shares at $192.35.
19 Mar 2024business combination● NeutralMajor
Diamondback filed a preliminary proxy asking shareholders to vote on its Feb 11, 2024 merger with Endeavor: $8.0 billion cash plus 117,267,069 new shares, after which current shareholders would own about 60.5% of the combined company (Endeavor holders about 39.5%). Shareholders vote on the share issuance and on raising authorized shares from 400 million to 800 million; the board unanimously recommends voting for all proposals. The meeting date is still blank, and this is a draft subject to completion.
18 Mar 2024business combination● Neutral
Diamondback amended the terms of its pending Endeavor Energy Resources merger agreement.
18 Mar 2024agm notice● Neutral
Diamondback and Endeavor amended the merger agreement's form of stockholders agreement. It removed limits on transfers to activist stockholders and changed Endeavor holders' director votes (while they hold at least 20%) to match other stockholders' proportions.
8 Mar 2024director interest notice● Neutral
Diamondback Energy, Inc. insider Diamondback Energy, INC. acquired 196,107,892 shares and disposed of 112,825,000 in a set of related equity transactions.
8 Mar 2024substantial holder notice● Neutral
Diamondback and Diamondback E&P reported owning 85,431,453 Viper Energy shares (48.3% of the class) after the March 8, 2024 close of a secondary offering that sold shares at $34.125 each.
7 Mar 2024substantial holder notice● Neutral
Diamondback and Diamondback E&P filed an amended Schedule 13D showing they beneficially owned 98,656,453 shares of Viper Energy, or 55.8% of the class.
6 Mar 2024agm notice● Neutral
Diamondback filed soliciting material repeating its Endeavor acquisition financing. It covered a $1.5 billion unsecured term loan with Citibank as agent and a revolver increase from $1.6 billion to $2.5 billion.
6 Mar 2024debt financing● Neutral
Diamondback lined up new term-loan financing with Citibank and amended its existing credit facility to help fund the pending Endeavor Energy Resources merger.
5 Mar 2024director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP & COO Daniel N Wesson acquired 36,991 shares and disposed of 14,575 in a set of related equity transactions.
5 Mar 2024director interest notice● Neutral
Diamondback Energy, Inc. President & CFO Hof Matthew Kaes Van't acquired 76,930 shares and disposed of 31,028 in a set of related equity transactions.
5 Mar 2024director interest notice● Neutral
Diamondback Energy, Inc. EVP, Chief Legal and Admin Off Matt Zmigrosky acquired 36,681 shares and disposed of 14,716 in a set of related equity transactions.