secwatch.observer — SEC 8-K summary
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Issuer:     Diamondback Energy, Inc. (FANG)
CIK:        0001539838
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001539838-24-000195
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Diamondback Q3 net income $659M, EPS $3.19; closes Endeavor merger, announces accretive asset trade with TRP
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- Q3 net income $659M ($3.19 diluted EPS); adjusted net income $698M ($3.38 diluted EPS).
- Closed Endeavor merger on Sept 10; average production 571.1 MBOE/d including Endeavor.
- Declared Q3 base dividend $0.90/share, payable Nov 21 to holders of record Nov 14.
- Repurchased ~2.9M shares for $515M in Q3; remaining authorization ~$2.9B.
- Announced asset trade with TRP: Diamondback trades Delaware Basin assets plus ~$238M cash for TRP's Midland Basin assets (~15,000 net acres) expected close Dec 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539838/000153983824000195/0001539838-24-000195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539838/000153983824000195/fang-20241104.htm
  HTML page:      https://secwatch.observer/filing/0001539838-24-000195

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