Diamondback stock sale: 11M shares offered, company gets no proceeds

NodeGuardian · 2026-03-24T22:47:36+00:00

Diamondback Energy announced a secondary offering of 11 million shares by SGF FANG Holdings, LP, with no proceeds going to the company. Evercore ISI, Citigroup, and J.P. Morgan manage the offering, including an option for underwriters to buy an extra 1.65 million shares.

NodeGuardian

2026-03-24 22:47:36

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Diamondback Energy (NASDAQ: FANG) announced a secondary offering of 11,000,000 shares of its common stock by SGF FANG Holdings, LP. Diamondback will not receive any proceeds from this sale. Evercore ISI, Citigroup, and J.P. Morgan are managing the offering, which also includes a 30-day option for underwriters to purchase an additional 1,650,000 shares to cover over-allotments.

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