Diamondback Energy Announces Secondary Offering of Common Stock

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announced the launch of a secondary offering of 11,000,000 shares of its common stock by SGF FANG Holdings, LP, the selling stockholder. The company itself did not receive any proceeds from the sale. The offering was completed on March 12, 2026, with an additional 1,650,000 shares sold under a 30-day option granted to the underwriters. The shares were offered under the company's automatic shelf registration statement on Form S-3. This event does not impact the company's financial position or results of operations.

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About Diamondback Energy Inc.

Diamondback Energy Inc. is a publicly traded company that engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin of West Texas. Its primary function is to extract hydrocarbon resources, which includes both crude oil and natural gas, through advanced drilling and recovery techniques. Diamondback Energy leverages its extensive portfolio of assets across the prolific Permian Basin, which is renowned for its rich oil and gas deposits and low-cost production benefits. The company plays a significant role in the energy sector by providing essential natural resources that fuel modern economies. Its strategic focus on high-margin assets and efficient operational practices make it a notable player in the United States energy market. Diamondback's operations impact sectors involved in energy supply, industrial production, and transportation. Headquartered in Midland, Texas, Diamondback Energy is committed to sustainable growth and maximizing shareholder value, ensuring its ongoing contribution to the energy landscape and the broader commodities market.