Mergers & AcquisitionsMedium•10 November 2026•
1 min read
Diamondback and KKR Acquire Five Point's Stake in Deep Blue Venture
Key Facts
1Diamondback Energy and KKR have acquired Five Point Holdings' stake in the Deep Blue joint venture.
Diamondback Energy and KKR have acquired Five Point Holdings' stake in the Deep Blue joint venture. Investing.com reported that the transaction represents a strategic exit for Five Point Holdings from midstream water infrastructure assets, while allowing Diamondback and KKR to consolidate their ownership in the venture.
FPH closed at $4.44 on November 9, 2026. The stock traded between a low of $4.3 and a high of $4.47 during that session, prior to the finalization of the deal involving its interest in the Deep Blue infrastructure assets.