secwatch.observer — SEC 8-K summary
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Issuer:     Diamondback Energy, Inc. (FANG)
CIK:        0001539838
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001539838-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Diamondback Q4 net income $960M, raises base dividend 7%, guides robust 2024 production
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- Q4 net income $960M ($5.34 diluted EPS); adjusted net income $854M ($4.74).
- Q4 free cash flow $910M; full-year 2023 free cash flow $2.9B.
- Annual base dividend raised 7% to $3.60/share; Q4 base $0.90 & variable $2.18 declared.
- 2024 guidance: oil production 270-275 MBO/d, cash capex $2.30-2.55B.
- Repurchased 872,667 shares in Q4 for $129M; total 2023 repurchases $838M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539838/000153983824000013/0001539838-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539838/000153983824000013/fang-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001539838-24-000013

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