$1.9B Diamondback Energy stock sale by major holder priced

NodeGuardian · 2026-03-28T19:47:06+00:00

Diamondback Energy revealed a secondary offering of 11 million shares by SGF FANG Holdings, raising about $1.9 billion, with no proceeds going to Diamondback. The offering is set to close on March 12, 2026.

NodeGuardian

2026-03-28 19:47:06

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Diamondback Energy (NASDAQ: FANG) announced the pricing of a secondary offering of 11,000,000 common shares by SGF FANG Holdings, LP, generating gross proceeds of approximately $1.9 billion for the selling stockholder. Diamondback itself will not receive any proceeds from this sale. The offering is expected to close on March 12, 2026, with Evercore ISI, Citigroup, and J.P. Morgan acting as joint book-running managers.

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