Diamondback Energy Completes $1.2 Billion Senior Notes Offering

Midland, TX – March 20, 2025 – Diamondback Energy, Inc. (Nasdaq: FANG) has completed its public offering of $1.2 billion aggregate principal amount of 5.550% Senior Notes due 2035. The Notes were issued under the company’s Shelf Registration Statement and detailed in a March 10, 2025 prospectus.

The Notes, guaranteed by subsidiary Diamondback E&P LLC, are senior unsecured obligations and rank equally with existing senior debt. They are redeemable at the company’s option, either at a premium before January 1, 2035, or at par thereafter.

The offering was executed under an Indenture with Computershare Trust Company, and a related legal opinion has been filed with the SEC.

Proceeds are expected to support general corporate purposes, including debt refinancing and potential strategic initiatives.