Diamondback Energy (FANG) Misses Q2 EPS by 4c, Revenues Beat

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Go back to Diamondback Energy (FANG) Misses Q2 EPS by 4c, Revenues Beat

Diamondback Energy, Inc. Announces Second Quarter 2018 Financial and Operating Results and Announces Accretive Acquisition

August 8, 2018 4:01 PM EDT

MIDLAND, Texas, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback or the Company) today announced financial and operating results for the second quarter ended June 30, 2018.

Additionally, Diamondback today announced it has entered into a definitive purchase agreement to acquire all leasehold interests and related assets of Ajax Resources, LLC (the Seller or Ajax) for $900 million in cash and 2.58 million shares of Diamondback common stock, subject to certain adjustments. The cash portion of this transaction is expected to be funded through a combination of cash on hand, cash proceeds from... More