---
schema_version: "secwatch.filing_event.v1"
accession: "0001539838-24-000075"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2024-04-10T23:59:59+00:00"
generated_at: "2026-06-04T00:23:41.708959+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001539838-24-000075
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2024-04-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000153983824000075/0001539838-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000153983824000075/fang-20240410.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539838-24-000075
- JSON: https://secwatch.observer/filing/0001539838-24-000075.json
- Plain text: https://secwatch.observer/filing/0001539838-24-000075.txt

## Key facts
- Earnings Releases
  Diamondback Energy, Inc. reported financial results for the quarter ended March 31, 2024.
  - Period: the quarter ended March 31, 2024
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539838/000153983824000075/0001539838-24-000075-index.htm

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