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Diamondback Energy, US25278X1090

Diamondback Energy stock: KKR deal expands Deep Blue platform

Published on 11/14/2026 at 11:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Diamondback Energy stock draws attention after a new water infrastructure deal with KKR. The transaction targets long-term support for Permian operations.

Deep Blue expands Permian infrastructure

  • Diamondback Energy and KKR agreed to acquire Five Point Infrastructure's 70 percent stake in Deep Blue Midland Basin on November 10, 2026.
  • The partners would jointly own the water infrastructure platform, which handles sourcing, transport, storage, recycling and disposal.
  • Completion is expected in the fourth quarter of 2026, subject to regulatory approvals and other closing conditions.
Diamondback Energy, US25278X1090, Illustration mit AI erstellt.
Diamondback Energy, US25278X1090, Illustration mit AI erstellt.

Diamondback Energy and KKR announced on Tuesday, November 10, 2026, an agreement to acquire Five Point Infrastructure's remaining 70 percent stake in Deep Blue Midland Basin. The companies said the transaction would give them joint ownership of the platform, building on Diamondback's existing 30 percent interest.

The Diamondback Energy press release said Deep Blue operates an integrated water network in the Midland Basin. Its activities include water sourcing, transportation, storage, recycling and disposal for exploration and production customers.

Water assets support Permian operations

Diamondback said the system is important to its core operations, which require transportation of nearly 2 million barrels of water per day. The company also pointed to potential expansion beyond oil and gas through technology and industrial uses in the Permian Basin.

KKR's investment is expected to be funded mainly through its Global Infrastructure Investors V fund. The transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and closing conditions. The companies did not provide a purchase price in the release.

Diamondback Energy stock traded at 166.76 euros on Lang & Schwarz at 11:15 CET on Saturday, November 14, 2026.

Diamondback Energy at a glance

  • Company: Diamondback Energy, Inc.
  • ISIN: US25278X1090
  • Lang & Schwarz quote: 166.76 euros at 11:15 CET on November 14, 2026
  • Weekly event: Deep Blue Midland Basin agreement announced November 10, 2026

Energy shares remain sensitive to commodity prices, production plans and capital allocation. See current market reports for the broader market environment.

More news and analyses are available on Diamondback Energy stock.

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