---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-020517"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T18:51:19.115136+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Diamondback Energy supplements proxy with new valuation details; faces merger lawsuits

## Summary
- Three shareholder suits filed in NY and DE challenge proxy statement disclosures regarding Endeavor merger.
- Jefferies DCF for Endeavor implies enterprise value of $26.2B-$30.9B; deal EV $26.0B. NAV analysis gives $30.4B-$32.8B.
- Diamondback standalone DCF per share: $124.06-$155.95; NAV per share: $176.54-$189.69 (30-day VWAP $153.51).
- Precedent transactions: ExxonMobil/Pioneer ($61.6B) and Occidental/CrownRock ($12.0B) as references.
- Company denies wrongdoing but voluntarily adds financial details to avoid litigation delay; no admission of liability.

## SEC filing metadata
- accession: 0001140361-24-020517
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000114036124020517/0001140361-24-020517-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000114036124020517/ef20027004_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-020517
- JSON: https://secwatch.observer/filing/0001140361-24-020517.json
- Plain text: https://secwatch.observer/filing/0001140361-24-020517.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.