---
schema_version: "secwatch.filing_event.v1"
accession: "0001539838-23-000095"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2023-07-11T23:59:59+00:00"
generated_at: "2026-06-13T10:00:08.848395+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001539838-23-000095
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2023-07-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000153983823000095/0001539838-23-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000153983823000095/fang-20230711.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539838-23-000095
- JSON: https://secwatch.observer/filing/0001539838-23-000095.json
- Plain text: https://secwatch.observer/filing/0001539838-23-000095.txt

## Key facts
- Earnings Releases
  Diamondback Energy, Inc. reported financial results for the quarter ended June 30, 2023.
  - Period: the quarter ended June 30, 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 June 30, 2023 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539838/000153983823000095/0001539838-23-000095-index.htm

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