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Diamondback Energy logoDiamondback Energy FANG

The company said it revised its Q3 2024 oil production guidance to 319 to 321 MBO/d (565 to 569 MBOE/d).

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it revised its Q3 2024 oil production guidance to 319 to 321 MBO/d (565 to 569 MBOE/d).

  2. The company also said it revised its Q3 2024 cash CAPEX guidance to $675 to $700 million.

  3. Diamondback Energy said the revised guidance reflects the merger with Endeavor Energy Resources, L.P., and that the merger was completed on September 10, 2024.

  4. The company issued a press release on October 1, 2024 with revised production and capital guidance for the third quarter ended September 30, 2024, which it furnished as Exhibit 99.1 to Form 8-K.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Revised Q3 2024 Oil Production Guidance

The company said it revised its Q3 2024 oil production guidance to 319 to 321 MBO/d (565 to 569 MBOE/d).

Source · Based on the filing body and exhibits

Revised Q3 2024 Cash CAPEX Guidance

The company also said it revised its Q3 2024 cash CAPEX guidance to $675 to $700 million.

Source · Based on the filing body and exhibits

Endeavor Merger Completion Date and Guidance Impact

Diamondback Energy said the revised guidance reflects the merger with Endeavor Energy Resources, L.P., and that the merger was completed on September 10, 2024.

Source · Based on the filing body and exhibits

Press Release Filed on October 1, 2024

The company issued a press release on October 1, 2024 with revised production and capital guidance for the third quarter ended September 30, 2024, which it furnished as Exhibit 99.1 to Form 8-K.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.