06:16 AM EDT, 03/11/2026 (MT Newswires) -- Diamondback Energy ( FANG ) said Tuesday evening that a secondary offering of 11 million of its common shares by SGF FANG has been priced and will generate about $1.9 billion in gross proceeds.

SGF FANG has granted the underwriters a 30-day option to buy up to an additional 1.7 million shares to cover over-allotments, Diamondback said.

Diamondback said it will not receive any proceeds from the sale.

The offering is expected to close on Thursday, the company said.