Diamondback reports Q2 2023 realized oil price of $71.33/bbl, net derivative loss $189M

Diamondback Energy, Inc.

2023-Q2 EPS reported $6.95 revenue$3,844,000,000

Average unhedged realized price $46.31/BOE; oil $71.33/bbl, nat gas $0.94/Mcf, NGLs $16.42/bbl.
Net loss on derivative instruments $189M; commodity contracts $152M, interest rate swaps $37M.
Cash settlements on derivatives net loss of $39M for Q2 2023.
Basic and diluted weighted average shares outstanding 180.373 million.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Diamondback Energy, Inc. reported financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 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 June 30, 2023 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding.

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Source: SEC EDGAR

accession 0001539838-23-000095

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