secwatch.observer — SEC 8-K summary
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Issuer:     Diamondback Energy, Inc. (FANG)
CIK:        0001539838
Form:       8-K
Filed at:   2023-07-11T23:59:59+00:00
Accession:  0001539838-23-000095
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539838/000153983823000095/0001539838-23-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539838/000153983823000095/fang-20230711.htm
  HTML page:      https://secwatch.observer/filing/0001539838-23-000095

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer