FANG Stock Recent News

Diamondback Energy's CEO transition has Kaes Van't Hof replacing Travis Stice. The company announced a strategic Midland Basin acreage acquisition. Diamondback's future growth may require exploring new regions beyond the Permian Basin due to rising competition and prices.

The latest trading day saw Diamondback Energy (FANG) settling at $162.09, representing a +1.14% change from its previous close.

MIDLAND, Texas, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced its leadership transition plan, representing the culmination of a thorough succession planning process that will position the Company for continued long term outperformance. Travis D. Stice, who has led Diamondback as Chief Executive Officer since January 2012 and joined the Board of Directors in November 2012 following the Company's initial public offering, intends to step down as Chief Executive Officer effective as of the Company's 2025 Annual Meeting of Stockholders. At that time, Mr. Stice will transition from Chief Executive Officer to Executive Chairman of the Board, and Kaes Van't Hof, current President of the Company, will succeed Mr. Stice as Chief Executive Officer and will join the Board of Directors. Effective today, Jere Thompson, current Executive Vice President of Strategy and Corporate Development, will assume the role of

The transformational Endeavor acquisition likely to have boosted FANG's profit levels in the fourth quarter.

FANG acquires Double Eagle's Midland Basin assets for $4B, adding 40,000 net acres and boosting free cash flow.

Beyond analysts' top -and-bottom-line estimates for Diamondback (FANG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.

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There has been a flurry of acquisitions in the oil patch over the past couple of years . The biggest was ExxonMobil 's (NYSE: XOM) more than $60 billion megadeal for Pioneer Natural Resources to solidify its position in the oil-rich Permian Basin.

Julie Hyman takes a closer look at the top stories on Wall Street after the closing bell on Asking for a Trend. Howard Hughes Holdings (HHH) stock is in focus after Bill Ackman announced a proposal to buy 10 million shares at $90 each in an effort to build a modern-day Berkshire Hathaway (BRK-B, BRK-A).

Diamondback Energy Inc (NASDAQ:FANG, ETR:7DB) has become the latest oil and gas producer to expand its foothold in the bustling Permian Basin, the epicenter of US oil and gas production. A flurry of recent merger and acquisition (M&A) activity has highlighted the Permian's critical role in the nation's energy future.