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      <liveTestFlag>LIVE</liveTestFlag>



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      <issuerCik>0001539838</issuerCik>
      <issuerName>Diamondback Energy, Inc.</issuerName>
      <secFileNumber>001-35700</secFileNumber>
      <issuerAddress>
        <com:street1>500 WEST TEXAS</com:street1>
        <com:street2>SUITE 1200</com:street2>
        <com:city>MIDLAND</com:city>
        <com:stateOrCountry>TX</com:stateOrCountry>
        <com:zipCode>79701</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>405-463-6900</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Thompson Jere W III</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
      </relationshipsToIssuer>
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    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Charles Schwab &amp; Co., Inc.</name>
        <address>
          <com:street1>3000 Schwab Way</com:street1>
          <com:city>Westlake</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>76262</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>2675</noOfUnitsSold>
      <aggregateMarketValue>514523.00</aggregateMarketValue>
      <noOfUnitsOutstanding>178446583</noOfUnitsOutstanding>
      <approxSaleDate>03/19/2024</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>03/01/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Lapse</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Diamondback Energy, Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>227</amountOfSecuritiesAcquired>
      <paymentDate>03/01/2022</paymentDate>
      <natureOfPayment>Equity Compensation</natureOfPayment>
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    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>03/01/2023</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Lapse</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Diamondback Energy, Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>585</amountOfSecuritiesAcquired>
      <paymentDate>03/01/2023</paymentDate>
      <natureOfPayment>Equity Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>03/01/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Lapse</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Diamondback Energy, Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1657</amountOfSecuritiesAcquired>
      <paymentDate>03/01/2024</paymentDate>
      <natureOfPayment>Equity Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>03/01/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Performance Stock Lapse</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Diamondback Energy, Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>206</amountOfSecuritiesAcquired>
      <paymentDate>03/01/2024</paymentDate>
      <natureOfPayment>Equity Compensation</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>03/19/2024</noticeDate>
      <signature>Jere W Thompson III</signature>
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144
0002012978
XXXXXXXX
LIVE
0001539838
Diamondback Energy, Inc.
001-35700
500 WEST TEXAS
SUITE 1200
MIDLAND
TX
79701
405-463-6900
Thompson Jere W III
Officer
Common
Charles Schwab & Co., Inc.
3000 Schwab Way
Westlake
TX
76262
2675
514523.00
178446583
03/19/2024
NASDAQ
Common
03/01/2022
Restricted Stock Lapse
Diamondback Energy, Inc.
N
227
03/01/2022
Equity Compensation
Common
03/01/2023
Restricted Stock Lapse
Diamondback Energy, Inc.
N
585
03/01/2023
Equity Compensation
Common
03/01/2024
Restricted Stock Lapse
Diamondback Energy, Inc.
N
1657
03/01/2024
Equity Compensation
Common
03/01/2024
Performance Stock Lapse
Diamondback Energy, Inc.
N
206
03/01/2024
Equity Compensation
Y
03/19/2024
Jere W Thompson III