Diamondback Energy, Inc. Announces the Sale of Its Equity Interest in Epic Crude Holdings, LP
1. Diamondback Energy sells 27.5% interest in EPIC Crude for $500 million. 2. Total valuation of EPIC Crude is $2.85 billion, plus contingent payments. 3. Transaction finalization expected by early 2026, pending regulatory approval. 4. CEO highlights meaningful return on invested capital from the deal. 5. Diamondback continues a commercial relationship with EPIC Crude and Plains.