Diamondback Energy Inc

FANG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$641.00	Zwyfrh	Qqsqymzqf

Diamondback's Higher Costs Are Within Reason as It Pulls Back on Buybacks

Joshua Aguilar ,

Sep 11, 2024

Business Strategy and Outlook

Diamondback Energy was a modest-size oil and gas producer when it went public in 2012, but it has rapidly become one of the largest Permian-focused oil firms through a combination of organic growth and corporate acquisitions, most recently Endeavor Energy in 2024. The firm consistently ranks among the lowest-cost independent producers in the entire industry, supporting a maintainable margin advantage.

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