58/100BDiamondback Energy company profile
- CEO
- Matthew Kaes Van't Hof
- Employees
- 1,762
- Headquarters
- Fasken Center, Midland, TX 79701, US
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- IPO date
- 12 Oct 2012
- Stock exchange
- NASDAQ
- ISIN
- US25278X1090
Website:diamondbackenergy.com
About the company
Diamondback Energy, Inc. operates as an independent enterprise focused on oil and natural gas. Its core business involves the acquisition, development, exploration, and production of unconventional and onshore hydrocarbon reserves, predominantly located within the Permian Basin across West Texas and New Mexico. The company's development efforts primarily target significant geological formations, including the Spraberry and Wolfcamp in the Midland Basin, as well as the Wolfcamp and Bone Spring within the Delaware Basin – both crucial components of the broader Permian. As of December 31, 2021, Diamondback Energy's asset base included approximately 524,700 gross acres under its control in the Permian Basin. At that time, its estimated proved oil and natural gas reserves amounted to 1,788,991 thousand barrels of crude oil equivalent. The company also maintained working interests in 5,289 gross producing wells and held royalty interests in an additional 6,455 wells. Beyond its direct well operations, Diamondback Energy possesses mineral interests spanning roughly 930,871 gross acres and 27,027 net royalty acres across the Permian Basin and the Eagle Ford Shale. Furthermore, it manages a portfolio of midstream infrastructure, owning, operating, developing, and acquiring assets such as 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system within the Midland and Delaware Basins of the Permian. Established in 2007, Diamondback Energy, Inc. is headquartered in Midland, Texas.
Employees
Diamondback Energy had about 1,762 employees at the end of fiscal year 2025 (31 December 2025), by its annual report. That is 11.1% fewer than a year before.
Employees at each fiscal year end, as the company reports them in its annual report (10-K); revenue and net income per employee are the fiscal year's over that count.
Who owns Diamondback Energy
Institutions such as funds, banks and insurers held 72.1% of Diamondback Energy's shares on 30 June 2026, 1,260 of them reporting holdings to the SEC; the rest is held by individual investors and other shareholders.
Shares free to trade
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
How Diamondback Energy pays its executives
The chief executive was paid 14.93M USD for fiscal 2025, 74% of it in shares and options.
| Name and position | Salary | Stock awards | Cash incentive | Other pay | Total pay |
|---|---|---|---|---|---|
| Travis D. Stice Executive Chairman | 1.13M USD | 16.60M USD | 2.73M USD | 44.11K USD | 20.50M USD |
| Kaes Van’t Hof Chief Executive Officer | 1.11M USD | 11.10M USD | 2.68M USD | 44.11K USD | 14.93M USD |
| Daniel N. Wesson Executive Vice President and Chief Operating Officer | 691.67K USD | 5.82M USD | 1.13M USD | 44.11K USD | 7.68M USD |
| Matt Zmigrosky Executive Vice President, Chief Legal and Administrative Officer and Secretary | 688.33K USD | 4.22M USD | 1.01M USD | 44.11K USD | 5.97M USD |
| Jere W. Thompson III Executive Vice President and Chief Financial Officer | 541.67K USD | 3.27M USD | 796.95K USD | 44.11K USD | 4.65M USD |
| Teresa L. Dick Executive Vice President, Chief Accounting Officer and Assistant Secretary | 545.83K USD | 3.11M USD | 796.95K USD | 44.11K USD | 4.50M USD |
FY2025 · From the company's proxy statements to the SEC: what each named executive was paid for the fiscal year, shares and options at their value when granted. The latest filing
Common questions about Diamondback Energy
Source: Financial Modeling Prep