Diamondback Energy(FANG)
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$26 Billion Oil Mega-Merger: Diamondback Energy Acquiring Rival Endeavor
Forbes· 2024-02-12 22:31
Topline Texas 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 Facts Diamondback’s offer of roughly $17.8 billion worth of its publicly traded stock at ...
Diamondback in $26B deal to buy Endeavor Energy in growing Permian push
Fox Business· 2024-02-12 21:51
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]
Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to Merge to Create a Premier Permian Independent Oil and Gas Company
Newsfilter· 2024-02-12 19:00
MIDLAND, Texas, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback" or the "Company") and Endeavor Energy Resources, L.P. ("Endeavor"), today announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at approximately $26 billion, inclusive of Endeavor's net debt. The combination will create a premier Permian independent operator. The transaction consideration will consist of approximately 11 ...
Diamondback in talks to buy shale rival Endeavor for around $25 billion: report
Market Watch· 2024-02-12 17:17
交易谈判 - Diamondback Energy Inc. 和 Endeavor Energy Resources 正在进行交易谈判[1] - 两家石油巨头的交易可能在周一达成[2]
Why Diamondback Energy (FANG) Dipped More Than Broader Market Today
Zacks Investment Research· 2024-02-06 08:01
The latest trading session saw Diamondback Energy (FANG) ending at $149.62, denoting a -0.4% adjustment from its last day's close. The stock's change was less than the S&P 500's daily loss of 0.32%. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.2%. Heading into today, shares of the energy exploration and production company had lost 3.67% over the past month, lagging the Oils-Energy sector's loss of 2.12% and the S&P 500's gain of 4.59% in that time. Analysts and i ...
Diamondback Energy (FANG) Increases Despite Market Slip: Here's What You Need to Know
Zacks Investment Research· 2024-01-31 08:01
The most recent trading session ended with Diamondback Energy (FANG) standing at $156.93, reflecting a +1.34% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%. Shares of the energy exploration and production company witnessed a loss of 0.14% over the previous month, beating the performance of the Oils-Energy sector with its loss of 1.02% and underperforming the S&P 500's ...
Are You Missing Out on This Energy Stock's Monster Dividend Raise?
The Motley Fool· 2024-01-07 19:45
Diamondback Energy (FANG 0.08%) has flown under the radar of many dividend investors. That's causing them to miss out on its high-octane dividend. The oil company pays a rapidly rising base dividend. On top of that, it routinely pays a variable dividend, which can be quite sizable. It gave investors a monster raise last quarter, paying a total of $3.37 per share (more than 300% above the second quarter's level). While its payout will fluctuate in the future, investors seeking big-time income potential shoul ...
Diamondback Energy(FANG) - 2023 Q3 - Earnings Call Transcript
2023-11-08 02:45
财务数据和关键指标变化 - 公司未提供具体的财务数据和关键指标变化 [9][10] 各条业务线数据和关键指标变化 - 公司未提供各条业务线的具体数据和关键指标变化 [9][10] 各个市场数据和关键指标变化 - 公司未提供各个市场的具体数据和关键指标变化 [9][10] 公司战略和发展方向及行业竞争 - 公司专注于高质量的资产组合和最低成本的运营,通过收购和开发来增加资产规模 [37][48][49] - 公司认为自身在成本和执行能力方面具有优势,在行业内处于领先地位 [62][63][64] - 公司将继续保持谨慎的资本配置策略,在适当时机进行收购,但不会盲目追求增长 [37][38][39][40] 管理层对经营环境和未来前景的评论 - 管理层认为当前宏观环境存在诸多不确定性,可能会对市场产生正面或负面影响 [15] - 管理层表示将继续专注于执行既定的业务计划,保持谨慎的资本配置策略 [15][26][27][28] - 管理层对公司未来发展前景保持乐观,认为公司拥有优质的资产组合和最低的成本结构 [62][63][64] 问答环节重要的提问和回答 问题1 **Neal Dingmann 提问** 公司是否会转向更多的产量增长模式 [14] **Travis D. Stice 回答** 公司将继续采取回报股东的资本配置策略,预计未来会有低个位数的产量增长 [15] 问题2 **Neil Mehta 提问** 公司如何平衡股票回购和股息支付 [25] **Travis D. Stice 回答** 公司将保持基础股息的可持续增长作为首要目标,适当时机进行股票回购,并承诺至少返还75%的自由现金流给股东 [26][27][28] 问题3 **David Deckelbaum 提问** 公司是否会继续进行大规模并购 [37] **Travis D. Stice 和 Kaes Van't Hof 回答** 公司目前拥有高质量的资产组合,收购的门槛较高,未来不会盲目追求增长,而是专注于最优化现有资产 [37][38][39][40][48][49]
Diamondback Energy(FANG) - 2023 Q3 - Quarterly Report
2023-11-08 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-35700 Diamondback Energy, Inc. (Exact Name of Registrant As Specified in Its Charter) DE 45-4502447 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Em ...
Diamondback Energy(FANG) - 2023 Q3 - Earnings Call Presentation
2023-11-07 21:15
公司业绩 - 公司在2023年第三季度创造了8.2亿美元的自由现金流(每股4.58美元)[10] - 公司在2023年预计至少会有29亿美元的自由现金流[10] - 2023年第三季度石油产量为266.1万桶/日,每百万股份的石油产量为1,488桶,同比增长16%[11] - 未套期的实现现金利润率为79%[11] - 自由现金流为8.2亿美元(每股3.03美元),调整后自由现金流为8.84亿美元(每股4.94美元)[11] 财务策略 - 公司承诺通过基本股息、股票回购和可变股息的组合方式,至少将自由现金流的75%返还给股东[10] - Diamondback的资本回报策略包括持续增长的基本股息、股票回购和/或变动股息[15] - Diamondback自2018年以来已向股东返还超过60亿美元[17] - 预计根据当前商品价格,Diamondback将通过基本股息、股票回购等方式向股东返还超过22亿美元[19] 生产和成本 - 2019年至2023年中部盆地平均钻井天数逐年下降,从24天降至16天[21] - 2023年中部盆地SimulFRAC完成效率为每天平均3500英尺和3000英尺[21] - 2023年中部盆地井口生产砂平均每天约为7500吨[21] - 2023年中部盆地钻井和完井成本组成中,主要钻井成本组件相较于2022年第四季度基线分别下降5%和2%[21] 环保和可持续发展 - 公司致力于通过环境策略实现减排目标,包括2030年将一二氧化碳强度降低50%等[25] - 公司承诺到2024年将GHG强度降低至2019年水平的50%以上,到2030年将Scope 1+2 GHG强度降低至2020年水平的50%以上[35] - 公司计划通过在新电池上安装空气气动装置,并计划在2021年至2024年投资约6,000万美元,对大多数电池进行空气气动装置改造和其他相关项目[36] 公司治理 - 公司董事会中有89%为独立董事,100%的委员会成员为独立董事[37] - 56%的董事会成员具有性别或种族多样性[37] - 公司董事会中有两名女性担任领导职务,占56%[37] - 公司实施了董事过度任职政策和严格的股票持股指引[37]