8-K/A filed September 19, 2024, 7:59 PM ET ticker FANG CIK 0001539838

M&A confidence high sentiment neutral materiality 0.75

Endeavor posts H1 2024 net loss of $119M on $2.05B tax charge; Diamondback deal closed Sept 10

Diamondback Energy, Inc.

Net loss of $119M vs net income of $1.799B in H1 2023; revenue rose 12% to $3.213B.
Provision for income taxes surged to $2.052B from $13M due to S-corp to C-corp conversion effective Jan 1, 2024.
Operating cash flow was $2.352B in H1 2024, up from $2.296B; capex on oil and gas properties totaled $1.277B.
As of June 30, 2024: cash $895M, long-term debt $913M, members' equity $7.474B.
Acquisition by Diamondback closed Sept 10, 2024: $8.0B cash plus ~117.3M shares of FANG common stock.

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