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Diamondback Energy Inc
F:7DB

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Diamondback Energy Inc
F:7DB
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Price: 171.26 EUR 5.91%
Market Cap: €30.5B

Diamondback Energy Inc
Investor Relations

Diamondback Energy is an independent oil and gas company that drills for crude oil, natural gas, and natural gas liquids, mainly in the Permian Basin of Texas and New Mexico. It does not sell branded consumer products; instead, it finds underground resources, drills wells, and brings those hydrocarbons to the surface. Its main customers are refineries, commodity traders, processors, and other energy buyers that turn those raw materials into fuel, chemicals, and industrial inputs. Diamondback makes money by selling the oil and gas it produces, so its business depends on finding attractive drilling locations, keeping wells productive, and moving output to market through pipeline and gathering systems. What makes the company easy to understand is that it sits at the upstream end of the energy chain: it is a producer, not a refiner or utility. That means its results are tied to commodity prices and well performance, and its long-term value comes from owning mineral acreage and developing it efficiently over time.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Aug 4, 2026
AI Summary
Q2 2026

Operations: Diamondback said its 2026 well performance is strong, with productivity gains coming from better well design, longer laterals, and continuous improvement in drilling and completions.

Gas relief: Management said Permian gas takeaway has improved, Waha turned positive in July, and new pipeline projects should help near term, even though gas egress remains a longer-term issue.

Power push: The company outlined a shovel-ready power and data-center project at Bryant Ranch, with first gas targeted for the back half of 2027 and grid-connected power as soon as 2028.

Capital returns: Diamondback kept its more flexible capital allocation approach, bought back some stock in Q2 and Q3, and reduced net debt by $1.6 billion.

Cost discipline: Management said oilfield inflation is present, especially in casing, but the company is using electric frac fleets and efficiency gains to offset much of it.

Key Financials
Net debt reduction
$1.6 billion
Value per share from debt reduction
$5.60
Stock repurchases
over 5% of stock
Non-D&C spend
$600 million
Average pumping time per day
21 hours
Pumping rate
5,000-plus feet per day
Quarterly capital run rate
$1 billion to a little over $1 billion
Barnett drilling cost
$400 or less per foot
Barnett stretch target
$300 a foot
Barnett budget
$350 to $360 a foot
Bryant Ranch acreage
30,000 acres
Power project first gas
back half of 2027
Grid-connected power target
as soon as 2028
Gas supply for power project
200 to 250 million a day
Other Earnings Calls

Management

Mr. Travis D. Stice
CEO & Chairman of the Board

Travis D. Stice is the Chief Executive Officer of Diamondback Energy Inc., a position he has held since January 1, 2012. With extensive experience in the oil and gas industry, Stice has played a critical role in the company's growth and development. He joined Diamondback Energy in 2011 as Chief Operating Officer and was soon promoted to CEO, where he has been instrumental in leading the company's operations in the Permian Basin, one of the most prolific oil-producing regions in the United States. Before joining Diamondback, Stice held various leadership roles at Burlington Resources and ConocoPhillips, including positions focused on reservoir engineering and asset management. His strong technical background and leadership skills have been pivotal in navigating the complex challenges of the energy sector. Stice holds a Bachelor of Science degree in Petroleum Engineering from Texas A&M University. Under his leadership, Diamondback Energy has become well-known for its efficient operations, strong returns, and strategic acquisitions, enhancing its position in the industry.

Mr. Matthew Kaes Van't Hof
President & CFO

Matthew Kaes Van't Hof is an accomplished executive who serves as the President of Diamondback Energy, Inc., a leading independent oil and natural gas company headquartered in Midland, Texas. Van't Hof plays a crucial role in overseeing the company's strategic and operational initiatives. Prior to his role as President, he served in various senior leadership capacities within the firm, contributing significantly to its growth and success. Van't Hof is known for his expertise in financial management, strategic planning, and operational efficiency within the energy sector. His leadership continues to be pivotal in positioning Diamondback Energy as a prominent player in the oil and gas industry. His academic background includes a robust foundation in finance and business administration, which has been instrumental in his professional achievements.

Ms. Teresa L. Dick CPA
Chief Accounting Officer, Executive VP & Assistant Secretary

Teresa L. Dick, CPA, is an accomplished executive known for her significant contributions to the energy sector, particularly at Diamondback Energy Inc. She serves as the Chief Accounting Officer and Executive Vice President, where she plays a crucial role in overseeing the company's accounting and financial reporting activities, ensuring compliance with regulatory requirements, and maintaining the integrity of financial data. With a solid foundation in accounting and a wealth of experience in the industry, Teresa L. Dick brings a strategic perspective to her role, facilitating effective financial management and contributing to the company's overall success and growth. Her leadership and expertise have been instrumental in steering Diamondback Energy through various challenges and opportunities typical of the energy markets. She is recognized for her strong analytical skills, attention to detail, and her capability to lead teams in delivering accurate and timely financial reporting. Teresa's credentials as a Certified Public Accountant (CPA) demonstrate her professional competency and commitment to upholding the highest standards in financial management and accounting. Her career at Diamondback Energy showcases her dedication to the company and its mission, reflecting her status as an integral member of the executive team.

Mr. P. Matt Zmigrosky
Executive VP, Chief Legal & Administrative Officer and Secretary

Matthew P. Zmigrosky is a prominent figure in the energy sector, particularly known for his role at Diamondback Energy, Inc. He serves as the Executive Vice President, General Counsel, and Secretary at the company. His responsibilities encompass overseeing the company's legal affairs, providing strategic legal advice, and ensuring corporate governance. Before joining Diamondback Energy, Mr. Zmigrosky gained extensive experience in the legal and energy industries, which significantly contributed to his expertise in managing legal operations for large-scale energy companies. He holds a Juris Doctor degree, equipping him with a strong foundation in law that supports his role in handling complex legal challenges and corporate strategies within Diamondback Energy. Mr. Zmigrosky's work is critical in navigating the regulatory environment that affects the energy sector, and he plays an essential role in ensuring that Diamondback Energy remains compliant with industry standards and legal requirements. His insights and leadership are integral to the company's ongoing growth and success in the competitive energy market.

Mr. David L. Cannon
Senior Vice President of Geoscience & Technology

David L. Cannon serves as Chief Financial Officer (CFO) of Diamondback Energy, Inc., a leading independent oil and natural gas company headquartered in Midland, Texas. Prior to joining Diamondback Energy, he had experience working in the energy sector, often involved in financial management roles that include oversight of accounting, financial planning, investor relations, and treasury functions. His role at Diamondback Energy involves managing the company’s financial strategies and ensuring fiscal responsibility to support the company's operations and growth objectives. David Cannon is recognized for his strong leadership skills and for guiding Diamondback Energy's financial health in a dynamic and challenging industry.

Mr. Greg Dolezal
VP & Chief Information Officer

Greg Dolezal is the Executive Vice President and Chief Operating Officer at Diamondback Energy Inc., a leading independent oil and natural gas company. In his current role, he is responsible for overseeing the company's operations, ensuring efficient and effective production processes in their oil and gas ventures. Greg Dolezal's leadership is critical in maintaining the operational integrity and profitability of Diamondback Energy's projects. With a wealth of experience in the oil and gas industry, he is instrumental in implementing strategies that optimize resource management and enhance production capabilities. His role involves collaborating with other executive team members to achieve the company’s strategic objectives and drive sustainable growth in the energy sector.

Mr. Adam T. Lawlis
Vice President of Investor Relations

Adam T. Lawlis is the Vice President of Investor Relations at Diamondback Energy Inc. In his role, he is responsible for maintaining and building relationships with investors, analyzing financial trends, and communicating the company's financial performance and strategic direction to stakeholders. Lawlis holds a Bachelor’s degree in business administration from Texas A&M University. He has extensive experience in financial communications and has played a key role in shaping Diamondback Energy’s engagement with the investment community. His efforts contribute significantly to the transparency and accessibility of the company’s financial information, ensuring robust communication between the firm and its investors.

Mr. Jere W. Thompson III
Executive Vice President of Strategy & Corporate Development

Jere W. Thompson III is known for his executive role at Diamondback Energy, Inc., a leading independent oil and natural gas company headquartered in Midland, Texas. Though specific details about his biography might not be extensively documented in public sources, key aspects generally highlight his strong leadership and strategic expertise within the energy sector. Diamondback Energy focuses on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves, primarily in the Permian Basin. As an executive, Jere W. Thompson III would be integral in steering the company’s operations, growth strategies, and overall business development. Further details about his career achievements, leadership style, and contributions to the company would typically be highlighted through company reports, press releases, and industry events featuring Diamondback Energy's strategic initiatives and financial performance.

Mr. Johnny D. Dossey
Vice President of Marketing

Johnny D. Dossey is a financial executive known for his role at Diamondback Energy Inc., an independent oil and natural gas company headquartered in Midland, Texas. He serves as the Chief Accounting Officer (CAO) at Diamondback Energy. In this capacity, Dossey is responsible for overseeing the company’s accounting operations, ensuring accurate financial reporting, and maintaining compliance with regulatory standards. With extensive experience in the finance and accounting sectors, Dossey has contributed significantly to the company's financial strategy and operations, playing a key role in its growth and success within the energy industry. Before joining Diamondback Energy, he acquired substantial experience in accounting and financial management, which has been instrumental in his leadership role at Diamondback. His expertise is particularly valuable in the highly competitive and dynamic energy sector. Note: Details about his earlier career or educational background may not be readily available, but his professional contributions underscore his competence in financial leadership.

Mr. David Meek
Vice President of Human Resources

David L. Meek serves as the Executive Vice President and Chief Operating Officer (COO) of Diamondback Energy, Inc., a leading independent oil and natural gas company based in Midland, Texas. In his role, Mr. Meek is responsible for overseeing the company’s operational activities, ensuring efficiency and strategic development in the exploration and production processes. Mr. Meek joined Diamondback Energy in 2012 and has played a crucial part in the company's growth and success. Contributing significantly to the company’s operational strategies, he has helped Diamondback become one of the prominent players in the Permian Basin. His expertise in the oil and gas industry is backed by decades of experience in engineering, operations management, and resource development. Prior to joining Diamondback, Mr. Meek held various management and engineering positions at ConocoPhillips and Burlington Resources, where he honed his skills in asset management and operational excellence. This extensive background enabled him to lead significant projects and optimize resource extraction efficiently. David Meek holds a Bachelor of Science degree in Mechanical Engineering and a Master of Business Administration, both of which furnish him with a strong technical foundation and business acumen to drive operational success and innovation.

Contacts

Address
TEXAS
Midland
500 West Texas, Suite 1200
Contacts
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