The company said it acquired 100% of Endeavor Parent, LLC on September 10, 2024, for consideration of about $7.1 billion in cash, subject to post-closing adjustments, and 117,267,065 shares of common stock.

1. 01

   The company said it acquired 100% of Endeavor Parent, LLC on September 10, 2024, for consideration of about $7.1 billion in cash, subject to post-closing adjustments, and 117,267,065 shares of common stock.

2. 02

   Diamondback said it funded the cash consideration with cash on hand, excluding cash attributable to Viper Energy, Inc., and $1.0 billion of borrowings under the Term Loan Credit Agreement.

3. 03

   Diamondback reported that, assuming the acquisition had occurred on January 1, 2024, its full-year pro forma combined total revenues were $15,511 million, net income attributable to the company was $3,055 million, and diluted earnings per share were $10.32. On a standalone basis, Diamondback's results were $11,066 million, $3,338 million and $15.53, respectively.

4. 04

   The company said its pro forma adjustments included $510 million in depreciation, depletion, amortization and accretion expense and $16 million in net interest expense, and that the statement does not include any cost savings or synergies.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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