---
schema_version: "secwatch.filing_event.v1"
accession: "0001539838-23-000034"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:29:35.565886+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001539838-23-000034
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000153983823000034/0001539838-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000153983823000034/fang-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539838-23-000034
- JSON: https://secwatch.observer/filing/0001539838-23-000034.json
- Plain text: https://secwatch.observer/filing/0001539838-23-000034.txt

## Key facts
- Earnings Releases
  Diamondback Energy, Inc. reported financial results for the quarter ended March 31, 2023.
  - Period: the quarter ended March 31, 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539838/000153983823000034/0001539838-23-000034-index.htm

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