---
schema_version: "secwatch.filing_event.v1"
accession: "0001539838-24-000147"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:06:14.055169+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Diamondback Q2 net income $837M, EPS $4.66; raises FY2024 oil production, lowers capex

## Summary
- Q2 net income $837M ($4.66 diluted EPS); adjusted net income $813M ($4.52 adj. EPS).
- Average production 276.1 MBO/d (474.7 MBOE/d); Free Cash Flow $816M.
- Declared Q2 base dividend $0.90/share plus variable $1.44/share payable Aug 22; total return of capital $421M.
- Raised FY2024 oil production guidance to 273-276 MBO/d (from 270-275); lowered capex midpoint to $2.35-2.45B.
- Pending Endeavor merger expected to close Q3/Q4 2024; received ~$375M from Remuda JV sale (10.1M Energy Transfer units).

## SEC filing metadata
- accession: 0001539838-24-000147
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000153983824000147/0001539838-24-000147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000153983824000147/fang-20240805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539838-24-000147
- JSON: https://secwatch.observer/filing/0001539838-24-000147.json
- Plain text: https://secwatch.observer/filing/0001539838-24-000147.txt

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