Diamondback Energy, Inc. Tender Offers for Senior Notes

Diamondback Energy, Inc. has announced the commencement of tender offers to purchase any and all of its outstanding 4.400% Senior Notes due 2051 and 4.250% Senior Notes due 2052. The offers are being made pursuant to an Offer to Purchase and accompanying notice of guaranteed delivery. The consideration for the notes will be determined based on a fixed spread plus the yield to maturity of the U.S. Treasury reference security. Holders who have their notes accepted for purchase will also receive accrued interest. The tender offers are set to expire on April 10, 2026, unless extended. The company expects to purchase the notes on April 13, 2026, or April 15, 2026, for notes tendered under the guaranteed delivery procedures. The offers are not conditioned on a minimum tender amount. The company has appointed TD Securities, BofA Securities, Citigroup, and Wells Fargo Securities as dealer managers for the offers. D.F. King & Co., Inc. is serving as the tender and information agent.