Diamondback Energy Inc.
Diamondback Energy Reports Q4 2024 Financial Results
Summary
Diamondback Energy, Inc. reported financial results for the quarter ended December 31, 2024. The company reported average unhedged realized prices of $69.48 per barrel of oil, $0.48 per Mcf of natural gas, and $19.27 per barrel of natural gas liquids (NGLs). Hedged prices were $68.72 per barrel of oil, $0.82 per Mcf of natural gas, and $19.27 per barrel of NGLs. Diamondback anticipates a net loss on cash settlements for derivative instruments of $15 million and a net non-cash gain of $51 million for Q4 2024. The weighted average basic and diluted shares outstanding for the quarter were 291,851 thousand.
Profitelligence Alerts
Get alerts for FANG
Be first to know when Diamondback Energy Inc. files with the SEC.
Filing Categories
Advertisement
About Diamondback Energy Inc.
Diamondback Energy Inc. is a publicly traded company that engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin of West Texas. Its primary function is to extract hydrocarbon resources, which includes both crude oil and natural gas, through advanced drilling and recovery techniques. Diamondback Energy leverages its extensive portfolio of assets across the prolific Permian Basin, which is renowned for its rich oil and gas deposits and low-cost production benefits. The company plays a significant role in the energy sector by providing essential natural resources that fuel modern economies. Its strategic focus on high-margin assets and efficient operational practices make it a notable player in the United States energy market. Diamondback's operations impact sectors involved in energy supply, industrial production, and transportation. Headquartered in Midland, Texas, Diamondback Energy is committed to sustainable growth and maximizing shareholder value, ensuring its ongoing contribution to the energy landscape and the broader commodities market.
Official SEC Documents
Advertisement