19 Feb 2019quarterly activities report● Neutral
Diamondback Energy, Inc. reported quarterly revenue of $864.0 million and net income of $10.0 million for the period ended 2019-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2019substantial holder notice● Neutral
Capital Research Global Investors ** disclosed a new substantial Diamondback Energy, Inc. shareholding (5.40% of votes).
14 Feb 2019substantial holder notice● Neutral
Capital World Investors ** reported a Diamondback Energy, Inc. shareholding of 11,604,081 shares (7.00% of votes) in a periodic institutional filing.
14 Feb 2019substantial holder notice● Neutral
The Growth Fund of America disclosed a new substantial Diamondback Energy, Inc. shareholding (5.50% of votes).
12 Feb 2019substantial holder notice● Neutral
Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, Wellington Management Company LLP reported a Diamondback Energy, Inc. shareholding of 10,109,306 shares (6.16% of votes) in a periodic institutional filing.
11 Feb 2019substantial holder notice● Neutral
The Vanguard Group reported a Diamondback Energy, Inc. shareholding of 17,230,318 shares (10.50% of votes) in a periodic institutional filing.
11 Feb 2019director interest notice● Neutral
Zmigrosky Matt became a Diamondback Energy, Inc. Exec. VP and General Counsel and company insider (initial ownership filing).
22 Jan 2019substantial holder notice● Neutral
JPMORGAN CHASE & CO reported a Diamondback Energy, Inc. shareholding of 12,180,165 shares (7.40% of votes) in a periodic institutional filing.
10 Jan 2019substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial Diamondback Energy, Inc. shareholding (10.00% of votes).
21 Dec 2018director interest notice● Neutral
Diamondback Energy, Inc. Sr. VP - Strategy & Corp Dev Van't Hof Matthew Kaes sold 1,000 shares at $89.91.
10 Dec 2018substantial holder notice● Neutral
The Vanguard Group reported a Diamondback Energy, Inc. shareholding of 16,660,973 shares (10.15% of votes) in a periodic institutional filing.
7 Dec 2018substantial holder notice● Neutral
JPMORGAN CHASE & CO reported a Diamondback Energy, Inc. shareholding of 12,141,708 shares (11.90% of votes) in a periodic institutional filing.
6 Dec 2018asset acquisition disposition▲ GoodMajor
Diamondback completed its $9.2 billion all-stock acquisition of Energen Corporation, repaying $560 million of Energen's existing debt and assuming Energen's remaining $530 million of legacy bonds.
29 Nov 2018securities registration● Neutral
Diamondback Energy, Inc. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
16 Nov 2018business combination● Neutral
Diamondback and Energen Corporation added extra disclosures to their merger filings after shareholders sued alleging the proxy materials omitted information - a standard step taken to head off the litigation before the vote.
14 Nov 2018merger communication▲ Good
Proxy advisors ISS and Glass Lewis both recommended shareholders vote in favor of the Energen Corporation merger, clearing a key hurdle before the November 27 vote.
7 Nov 2018quarterly activities report● Neutral
Diamondback Energy, Inc. reported quarterly revenue of $633.0 million and net income of $307.0 million for the period ended 2018-12-31.
7 Nov 2018merger communication● Neutral
Diamondback published an investor presentation ahead of the shareholder vote on its pending Energen Corporation merger.
6 Nov 2018quarterly activities report● Neutral
Diamondback Energy, Inc. reported quarterly revenue of $633.0 million and net income of $307.0 million for the period ended 2018-12-31.
1 Nov 2018debt financing▲ Good
Diamondback raised its credit-facility borrowing base to $2.5 billion, rising further to $2.65 billion now that its acquisition of Ajax Resources' assets closed on October 31, 2018.
25 Oct 2018securities registration● Neutral
Diamondback Energy, Inc. filed the final prospectus for a registered offering.
18 Oct 2018business combination● Neutral
Amendment No. 2 to the Energen registration, still a preliminary document with the special meeting and record dates left blank. It re-states the deal it exists to register - 0.6442 Diamondback shares per Energen share, J.P. Morgan's opinion for Energen, the $400 million reverse break fee - with the disclosure reorganised rather than repriced.
11 Oct 2018business combination● Neutral
The amendment delivered the two tax opinions the original had only promised -- Akin Gump for Diamondback and Wachtell Lipton for Energen, both to the effect that the merger is a tax-free reorganisation -- and added a risk factor Energen holders would inherit: Diamondback's charter makes the Delaware Court of Chancery the only place they can bring derivative or fiduciary-duty claims.
10 Oct 2018substantial holder notice● Neutral
Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, Wellington Management Company LLP reported a Diamondback Energy, Inc. shareholding of 10,615,096 shares (10.76% of votes) in a periodic institutional filing.
1 Oct 2018security holder rights change● Neutral
Diamondback formally issued the $750 million of add-on 2024 bonds it had priced a week earlier.
24 Sept 2018material agreement● Neutral
Diamondback raised $750 million in new 2024 bonds to pay down its revolving credit line and help fund a newly disclosed pending purchase of assets from Ajax Resources, LLC.
24 Sept 2018director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP Exploration & Bus Dev Molnar Paul sold 5,000 shares at $127.64.
24 Sept 2018director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP Reservoir Engineering Pantermuehl Russell sold 1,032 shares at $129.30.
20 Sept 2018director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP Reservoir Engineering Pantermuehl Russell sold 2,000 shares at $127.80.
13 Sept 2018business combination● NeutralMajor
Registration statement and joint proxy for Diamondback's all-stock purchase of Energen, at 0.6442 Diamondback shares per Energen share - about $84.95 an Energen share when the agreement was signed on August 14, 2018. The background section shows Diamondback raising its bid from an implied $85 on August 1 to roughly $87 two days later; J.P. Morgan gave Energen's board the fairness opinion, and Diamondback owes a $400 million reverse break fee if it is the side that walks.