Diamondback Energy (FANG) is set to release fourth-quarter results on Feb 20. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $4.60 per share on revenues of $2.2 billion. Let’s delve into the factors that might have influenced the Permian-focused oil and gas producer’s performance in the December quarter. But it’s worth taking a look at FANG’s previous-quarter performance first. Highlights of Q3 Earnings & Surprise History In the last reported quarter, this Midland, TX-bas ...

能源行业整合 - 能源行业正在经历一波整合浪潮，主要集中在得克萨斯州和新墨西哥州的Permian盆地[1] - Diamondback Energy宣布以260亿美元的现金和股票交易收购Endeavor Energy Partners，但交易仍需通过监管审批[4] - Exxon Mobil宣布以600亿美元收购Pioneer Natural Resources，这是过去十年来石油行业最大的交易，但交易可能需要数年才能实现收益[11] 石油价格下跌 - 石油价格持续下跌，大型能源公司面临生产下降、利润减少和向清洁能源转型的挑战[1] - Occidental Petroleum宣布以120亿美元收购CrownRock，但交易受到华尔街的负面评价，股价处于52周低位[9]

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 bett ...

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 Agreement Per the terms of the agreement, Diamondback and Endeavor will come together in a transaction structured to include a combination of stock and cash. This transa ...

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 Images Midland-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 t ...

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 m ...

Key Takeaways Diamondback 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. This image depic ...