Diamondback Energy Files 8-K on Financials

Ticker: FANG · Form: 8-K · Filed: 2025-01-13T00:00:00.000Z

Sentiment: neutral

Topics: financial-reporting, operations

Related Tickers: DBEK

TL;DR

DBEK filed an 8-K on Jan 13, 2025, updating its financial and operational results.

AI Summary

Diamondback Energy, Inc. filed an 8-K on January 13, 2025, reporting on its results of operations and financial condition. The filing provides updated information regarding the company's financial performance and operational status as of January 13, 2025.

Why It Matters

This filing provides crucial updates on Diamondback Energy's financial health and operational performance, which can influence investor decisions and market perception.

Risk Assessment

Risk Level: low — This is a routine financial reporting filing with no immediate material changes or events indicated.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report on Diamondback Energy, Inc.'s Results of Operations and Financial Condition as of January 13, 2025.

What is the exact date of the report?

The date of the report is January 13, 2025.

What is the company's principal executive office address?

The company's principal executive offices are located at 500 West Texas Ave. Suite 100, Midland, TX 79701.

What is Diamondback Energy's IRS Employer Identification Number?

Diamondback Energy's IRS Employer Identification Number is 45-4502447.

Under which section of the Securities Exchange Act is this report filed?

This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

From the Filing

0001539838-25-000003.txt : 20250113 0001539838-25-000003.hdr.sgml : 20250113 20250113160130 ACCESSION NUMBER: 0001539838-25-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250113 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20250113 DATE AS OF CHANGE: 20250113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Diamondback Energy, Inc. CENTRAL INDEX KEY: 0001539838 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35700 FILM NUMBER: 25526339 BUSINESS ADDRESS: STREET 1: 500 WEST TEXAS STREET 2: SUITE 1200 CITY: MIDLAND STATE: TX ZIP: 79701 BUSINESS PHONE: 405-463-6900 MAIL ADDRESS: STREET 1: 500 WEST TEXAS STREET 2: SUITE 1200 CITY: MIDLAND STATE: TX ZIP: 79701 8-K 1 fang-20250113.htm 8-K fang-20250113 false 0001539838 0001539838 2025-01-13 2025-01-13 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): January 13, 2025 ___________ DIAMONDBACK ENERGY, INC. (Exact Name of Registrant as Specified in Charter) DE 001-35700 45-4502447 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 500 West Texas Ave. Suite 100 Midland , TX 79701 (Address of principal executive offices) (Zip code) ( 432 ) 221-7400 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock FANG The Nasdaq Stock Market LLC (NASDAQ Global Select Market) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐ Item 2.02. Results of Operations and Financial Condition.   Diamondback Energy, Inc. (“Diamondback”) presents in this Item 2.02 certain information for the quarter ended December 31, 2024 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding. Realized Prices Fourth quarter 2024 average unhedged realized prices were $69.48 per barrel of oil, $0.48 per Mcf of natural gas and $19.27 per barrel of natural gas liquids (“NGLs”). Fourth quarter 2024 average realized hedged prices were $68.72 per barrel of oil, $0.82 per Mcf of natural gas and $19.27 per barrel of NGLs. Average Prices: Oil ($ per Bbl) $ 69.48  Natural gas ($ per Mcf) $ 0.48  Natural gas liquids ($ per Bbl) $ 19.27  Oil, hedged ($ per Bbl) (1) $ 68.72  Natural gas, hedged ($

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