Diamondback Energy reports Q1 2023 unhedged realized price of $49.72/BOE, derivative net loss of $93M

Diamondback Energy, Inc.

Average unhedged realized price: oil $73.11/bbl, gas $1.46/Mcf, NGLs $23.16/bbl; combined $49.72/BOE.
Hedged average realized price: oil $72.05/bbl, gas $1.96/Mcf, NGLs $23.16/bbl; combined $49.72/BOE.
Derivative activity: net gain on cash settlements of $1M, non-cash net loss of $94M, net loss of $93M.
Weighted average shares outstanding: basic and diluted 181.988M for Q1 2023.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Diamondback Energy, Inc. reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

Diamondback Energy, Inc. (“Diamondback” or the “Company”) presents in this Item 2.02 certain information for the quarter ended March 31, 2023 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding.

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Source: SEC EDGAR

accession 0001539838-23-000034

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