Diamondback Energy Stock News

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The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could mark the end of the rapid output growth that made the U.S. the world's top producer.

Diamondback Energy continues its cycle of acquisitions and rapid debt reduction. Recent cash raises, including 'Deep Blue' and 'Epic Crude,' will generate nearly $1 billion. Management is targeting a debt ratio reduction from 1.5 to a preferred (usually) long-term goal of 1.0.

Following along with an analyst's price target reduction, investors became slightly less bullish on Diamondback Energy's (FANG -5.05%) future on Hump Day. They traded out of the stock to leave it with a more than 5% loss that session.

Oil prices have slumped this year. WTI, the primary U.S. oil price benchmark, is down over 10%.

Plains All American Pipeline and Plains GP Holdings on Tuesday said it has agreed to buy a 55% stake in pipeline operator EPIC Crude Holdings from units of Diamondback Energy and Kinetik Holdings for $1.57 billion, including debt.

Diamondback and Five Point solidify Deep Blue's leadership as the Midland Basin's largest independent water infrastructure platform

MIDLAND, Texas, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced that its wholly owned subsidiaries have entered into a definitive agreement to sell their 27.5% equity interest in EPIC Crude Holdings, LP (“EPIC Crude”), an affiliate of EPIC Midstream Holdings LP, to a wholly owned subsidiary of Plains All American Pipeline, L.P. and Plai...