Diamondback Energy: SGF FANG Holdings completes 12.65 million share secondary offering
Diamondback Energy's shareholder SGF FANG Holdings, LP completed a registered secondary offering of 12,650,000 shares of the company's common stock on March 12, 2026, including 1,650,000 shares from an over-allotment option that the underwriters exercised in full. Diamondback did not receive any proceeds, so the sale affects existing shareholders through the increased number of shares trading rather than the company's own finances.
Key points
- Secondary offering of 12,650,000 shares completed March 12, 2026, including 1,650,000 option shares exercised in full
- Company received none of the offering proceeds; the selling stockholder is SGF FANG Holdings, LP
- Pricing release states gross proceeds to the selling stockholder of approximately $1.9 billion for the 11,000,000 base shares
- Underwriters were Evercore, Citigroup and J.P. Morgan; shares were registered under a Form S-3 shelf filed September 19, 2024
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.