Dividends & Buybacks ·
Diamondback Energy announced a letter agreement with SGF FANG Holdings, LP, which includes an immediate repurchase of…
FANGDiamondback Energy, Inc.
Diamondback Energy announced a letter agreement with SGF FANG Holdings, LP, which includes an immediate repurchase of 2 million shares at $152.59 per share, contributing to the company's ongoing buyback program which has already cost $432 million for 2,886,280 shares since September 2025. While the agreement grants SGF the right to sell up to 3 million shares quarterly through 2026, the company remains financially robust, maintaining approximately $2.7 billion available under its total share repurchase authorization. This indicates continued capital strength for the company while providing clarity on both current buyback activity and potential future shareholder disposition.