Diamondback Energy Integrating Major Acquisition
Diamondback Energy's $26 billion acquisition of private company Endeavor has nearly doubled Diamondback's market capitalization to $46.4 billion. This premiere Permian oil producer currently pays a 2.5% base dividend. It also repurchases stock and, in the past, has paid an additional variable dividend at times. Governance changes include a board expansion post-Endeavor merger, with insiders owning 36.1% of Diamondback's equity and lockups on Endeavor owners' stock transfers through March 2026.
Endeavor (EDR) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Endeavor (EDR) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Endeavor Group (EDR) Reports Q4 Loss, Tops Revenue Estimates
Endeavor Group (EDR) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of $0.36. This compares to earnings of $0.16 per share a year ago.
Countdown to Endeavor (EDR) Q4 Earnings: Wall Street Forecasts for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Endeavor (EDR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Endeavor Group Stock Trades at 27% Premium to Takeover Price on Hopes for Higher Bid
Endeavor investors apparently are betting that Silver Lake will boost its offer for Endeavor even though Silver Lake said it believes “the transaction price is fair and will not increase it.”
Big Endeavor Group Holders Likely to Battle Silver Lake Over Buyout Price, $6 Billion Windfall
Since the $13 billion, take-private deal was unveiled in April 2024, TKO's stock has surged almost 75% to $156.
Viper Energy: Looking At The Effects Of A Potential Endeavor Drop Down Transaction (Rating Upgrade)
Diamondback's merger with Endeavor increased its production and net Permian acreage by 70+%. This is expected to result in a large dropdown transaction with Viper. I've looked at a potential $4.2 billion drop down transaction here that would boost Viper's production by close to 50%.
Diamondback Energy: Focusing On Making The Endeavor Acquisition Work
Diamondback Energy's recent acquisition aims to lower production costs and optimize combined operations. Management collaboration is expected to yield significant cost savings and operational efficiencies. The company's breakeven point dropped to $37 per barrel, one of the lowest in the upstream industry.
Viper Energy: An Endeavor Dropdown Ahead
Viper Energy's latest acquisition contributed minimally in Q3. The rest of the acquisition closed in the fourth quarter. Management highlighted that the recent distribution was 83% of available cash, surpassing the 75% goal. Viper's dividend strategy includes a base dividend protected at WTI $30 per share and a variable dividend influenced by share repurchases.
Endeavor to sell OpenBet, IMG Arena for about $450 mln to management-led group
Endeavor Group will sell its OpenBet and IMG Arena businesses to management-led group OB Global backed by Hollywood power broker Ari Emanuel for about $450 million, the sports and entertainment company said on Monday.
Compared to Estimates, Endeavor (EDR) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Endeavor (EDR) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Endeavor Group (EDR) Q3 Earnings and Revenues Lag Estimates
Endeavor Group (EDR) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.48 per share a year ago.
