Wall Street expects a year-over-year decline in earnings on higher revenues when Diamondback Energy (FANG) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 20, 2024, might help the stock move higher if these key numbers are bette ...

Diamondback Energy, Inc. (FANG) and Endeavor Energy Resources, L.P. have announced a definitive merger agreement, set to create a Permian Basin powerhouse. This deal, valued at $26 billion, will combine the strengths of two major players in the U.S. shale oil industry.Let's delve into the details of this agreement.Understanding the Merger AgreementPer the terms of the agreement, Diamondback and Endeavor will come together in a transaction structured to include a combination of stock and cash. This transacti ...

Verde Clean Fuels, Inc.与Diamondback Energy签署联合开发协议 - Verde Clean Fuels, Inc.与Diamondback Energy签署了联合开发协议(JDA)，计划在Permian盆地利用天然气生产商品级汽油[1] - 该项目预计每天生产约3,000桶经过完全精炼的汽油，通过Verde的专利STG+®工艺利用管道受限的Permian盆地天然气作为原料[3] - 该协议符合Diamondback的战略，旨在减少天然气燃烧，生产更少碳排放的汽油，同时确保投资回报[4]

The consolidation wave in the oil patch has washed over another producer. Diamondback Energy (FANG 9.38%) has struck a deal to acquire privately held rival Endeavor Energy Resources for $26 billion. The acquisition will create a premier producer focused on the resource-rich Permian Basin. The merger of Diamondback and Endeavor follows in the footsteps of recent deals by ExxonMobil (XOM 1.38%) and Occidental Petroleum (OXY 0.97%), which are bulking up their positions in the Permian Basin. Like those deals, t ...

Diamondback Energy Inc (NASDAQ:FANG) stock is shooting higher today, after reports that the oil and gas name is acquiring Endeavor Energy for $26 billion. The cash-and-stock deal will include debt, and "represents one of the more attractive" deals in the past several years according to a note from Truist Securities. At last glance, FANG was up 9.9% at $166.77, pushing back toward its Oct. 18 record high of $171.39 and on track for its best day since April 2021. The equity's recent pullbacks have seen suppor ...

BRAZIL - 2023/02/15: In this photo illustration, the Diamondback Energy logo is seen displayed on a ... [+] smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesMidland-based Diamondback Energy FANG was already a big upstream company in the prolific Permian Basin which straddles the border between West Texas and Southeast New Mexico. But the company led by CEO Travis Stice is now poised to become one of the region’s giants in the ...

Diamondback Energy (NASDAQ:FANG) stock rose after the oil producer said it would pay $26 billion for privately held Endeavor Energy.The cash and stock deal, with Diamondback holding a majority stake, continues a trend of consolidation in the oil business around the heavily-fracked Permian Basin of west Texas and New Mexico.Last fall Exxon Mobil (NYSE:XOM) said it will buy Pioneer Natural (NYSE:PXD) for $64.5 billion. Then Chevron (NYSE:CVX) bought Hess (NYSE:HES), for $53 billion. FANG stock opened this mor ...

Key TakeawaysDiamondback Energy shares rose in pre-market trading Monday after announcing a $26 billion merger deal with Endeavor Energy Resources.Deal activity has increased in the energy sector over the past six months as producers seek prime acreage to ramp up production amid higher oil prices.The Diamondback Energy share price has traded within an ascending triangle since June 2022, a chart pattern that indicates a continuation of the current long-term trend. Diamondback Energy, Inc. Source: TradingV ...

ToplineTexas oil and natural gas firm Diamondback Energy announced Monday it will buy its privately held competitor Endeavor Energy in an agreement valuing the latter at roughly $26 billion, the latest massive energy deal amid an otherwise quiet time for dealmaking. Diamondback and Endeavor, two leaders in the oil-rich Permian Basin, will combine to form a more ... [+] than $50 billion entity.AFP via Getty Images Key FactsDiamondback’s offer of roughly $17.8 billion worth of its publicly traded stock at Fr ...

公司收购 - Diamondback Energy宣布以约260亿美元的现金和股票交易收购Permian盆地最大的私人石油和天然气生产商Endeavor Energy Partners[1] - Diamondback预计该交易将在第四季度完成，其股东预计将拥有合并实体的60.5%，而Endeavor将拥有其余部分[11] 行业整合 - 合并后的公司将成为该地区第三大石油和天然气生产商，仅次于埃克森和雪佛龙[2] - 这笔交易是在Permian盆地的一波整合浪潮中进行的，以增加产量，2023年最大的交易是埃克森以约600亿美元收购Pioneer Natural Resources[3]