Stock Data
$2.03 (1.07%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
ENERGY
Industry
OIL & GAS E&P
Diamondback Energy Inc is a key player in the energy sector, focusing on the extraction and development of oil and natural gas in the Permian Basin, primarily in West Texas. Founded in 2007 and based in Midland, Texas, the company zeroes in on significant formations like the Spraberry, Wolfcamp, and Bone Spring, leveraging its expertise to enhance production efficiency. Additionally, Diamondback Energy owns and operates essential midstream infrastructure, supporting its core exploration and production activities in one of the most prolific oil-producing regions in the United States.
Money left oil and autos for optics today: Applied Optoelectronics closed up 16.8% at $110.13, with Coherent right behind it, while Chevron, Diamondback and Ford all finished red. Four of the top five gainers sit in AI infrastructure or high-growth consumer names.
Free cash flow tripled to $2.33 billion as realized oil hit $96.82 a barrel, funding a doubled buyback authorization of $16 billion. The 9:00 a.m. ET call Tuesday tests the Hormuz price floor thesis.
Diamondback Energy reports after hours with Permian production volumes and the Endeavor acquisition integration in the crosshairs for shale investors.
Cloud and energy rallied while growth stocks crumbled, with Cloudflare up 7.8% and Exxon Mobil up 3.9% as Rivian imploded 16.6% and semiconductor names got hammered.
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