secwatch.observer — SEC 8-K summary
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Issuer:     Diamondback Energy, Inc. (FANG)
CIK:        0001539838
Form:       8-K
Filed at:   2024-04-10T23:59:59+00:00
Accession:  0001539838-24-000075
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539838/000153983824000075/0001539838-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539838/000153983824000075/fang-20240410.htm
  HTML page:      https://secwatch.observer/filing/0001539838-24-000075

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