Diamondback Energy

Diamondback Energy (Nasdaq/NYSE: FANG) is a Oil & Gas Exploration & Production company operating within the Energy sector of the US equity market.

Diamondback is a crude oil and natural gas exploration and production firm whose operations represent a pure-play in the US Permian Basin. The company went public in 2012 and has established itself as a top-tier independent producer through disciplined acquisition and operational excellence. The company's most transformational transaction occurred in September 2024 with the completion of its $26 billion merger with Endeavor Energy Resources, which added around 470,000 net acres and doubled Diamondback's total acreage position. Diamondback boasts an enviable position in the Midland sub-basin, with some of the lowest unit costs among its Permian peers.

The company reports trailing twelve-month revenue of $4.24B and net income of $25.00M.

Key metrics include a return on equity of 0.1%, a debt-to-equity ratio of 0.75.

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