Diamondback Q1 2024 avg oil $75.06/bbl, natural gas $0.99/Mcf, derivative loss $48M

Diamondback Energy, Inc.

2024-Q1 EPS reported $4.28 revenue$2,227,000,000

Average unhedged realized price for oil $75.06/Bbl, natural gas $0.99/Mcf, NGLs $21.26/Bbl.
Hedged oil price $74.13/Bbl, hedged natural gas $1.36/Mcf; NGLs unchanged at $21.26/Bbl.
Net loss on derivative instruments $48M ($44M non-cash, $4M cash settlements on commodities).
Weighted average basic and diluted shares outstanding 178.5 million for Q1 2024.
No full income statement provided; data covers realized prices and derivative activity only.

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 March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

Diamondback Energy, Inc. (“Diamondback”) presents in this Item 2.02 certain information for the quarter ended March 31, 2024 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding.

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Source: SEC EDGAR

accession 0001539838-24-000075

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