Latham & Watkins Advised Diamondback Energy on Share Repurchase Agreement with Largest Stockholder

Latham & Watkins Advised Diamondback Energy on Share Repurchase Agreement with Largest Stockholder

Latham & Watkins LLP represented Diamondback Energy, Inc. in connection with its share repurchase agreement with SGF FANG Holdings, LP, Diamondback’s largest stockholder. Under the agreement, Diamondback may repurchase, at SGF’s option, up to 3,000,000 shares held by SGF during the fourth quarter of 2025 and each calendar quarter in 2026. The transaction, approved by the audit committee of Diamondback’s Board of Directors, includes an initial repurchase of 2,000,000 shares for approximately US$305 million, based on the last NASDAQ closing price prior to the transaction.

The Latham & Watkins LLP team was led by Zachary Podolsky (Partner), William Hackett (Partner), Julia Thompson (Partner), and Kate Wang (Associate), Mary E. Tursi (Associate), and Mary Kline (Associate).

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