other material
confidence high
sentiment neutral
materiality 0.50
Diamondback reports Q4 2024 realized oil price of $69.48/bbl, net derivative cash settlement loss of $15M
Diamondback Energy, Inc.
- Q4 2024 average unhedged realized prices: oil $69.48/bbl, natural gas $0.48/Mcf, NGLs $19.27/bbl.
- Hedged realized prices: oil $68.72/bbl, natural gas $0.82/Mcf, NGLs $19.27/bbl.
- Net cash paid on derivative settlements totaled $15M (commodity net received $4M, interest rate swaps net paid $19M).
- Non-cash derivative gain of $51M; net derivative instruments gain total $36M.
- Basic and diluted weighted average shares outstanding for Q4 2024: 291.9M.