What is the main purpose of this 8-K/A filing?

The primary purpose of this 8-K/A filing is to provide updated and supplementary financial information regarding Diamondback Energy's acquisition of Endeavor. It includes recent unaudited financial statements of Endeavor and pro forma combined financial statements reflecting the impact of the acquisition.

Where can I find the audited financial statements for Endeavor?

The audited consolidated financial statements of Endeavor as of December 31, 2023 and 2022, and for the fiscal years ended December 31, 2023, 2022, and 2021 are incorporated by reference to Diamondback Energy's Current Report on Form 8-K filed on April 8, 2024 (Exhibit 99.1 to that filing).

How do the pro forma financial statements help investors?

The unaudited pro forma condensed combined financial statements allow investors to see the potential financial results and position of Diamondback Energy as if the acquisition of Endeavor had occurred prior to the periods presented. This provides a clearer view of the combined entity's scale and financial health, aiding in investment decisions and comparative analysis.

FANG 8-K SEC Disclosure

Q: What financial statements are included in this amendment?

This amendment includes unaudited consolidated financial statements of Endeavor as of June 30, 2024, and for the six-month periods ended June 30, 2024, and 2023 (Exhibit 99.1). It also presents unaudited pro forma condensed combined financial statements for Diamondback Energy, giving effect to the Endeavor acquisition, as of June 30, 2024, and for the six-month period ended June 30, 2024, and the year ended December 31, 2023 (Exhibit 99.2).

Summary

Diamondback Energy, Inc. (FANG) has filed an 8-K/A amendment on September 19, 2024, primarily to provide updated financial information related to its acquisition of Endeavor. This filing incorporates by reference previously filed audited financial statements for Endeavor and, importantly, includes newly attached unaudited consolidated financial statements for Endeavor as of June 30, 2024, and for the six-month periods ended June 30, 2024 and 2023. Investors should note that this amendment serves to supplement the ongoing integration and reporting of the Endeavor acquisition, providing more recent financial performance data from the acquired entity. Furthermore, the filing presents unaudited pro forma condensed combined financial statements as of June 30, 2024, and for the six months ended June 30, 2024, and the year ended December 31, 2023. These pro forma statements reflect the combined financial position and results of operations of Diamondback and Endeavor, giving effect to the acquisition. Investors can use this information to understand the potential financial impact and combined operational scale of the merged entity post-acquisition, aiding in valuation and strategic assessment.

Key Highlights

18-K/A filing on September 19, 2024, serves as an amendment to previous filings.
2Provides updated unaudited consolidated financial statements for Endeavor as of June 30, 2024, and for the six-month periods ended June 30, 2024, and 2023 (Exhibit 99.1).
3Incorporates by reference previously filed audited consolidated financial statements for Endeavor for fiscal years ended December 31, 2023, 2022, and 2021.
4Includes unaudited pro forma condensed combined financial statements reflecting the acquisition of Endeavor as of June 30, 2024, and for the six months ended June 30, 2024, and the year ended December 31, 2023 (Exhibit 99.2).
5The filing focuses on providing essential financial data related to the Endeavor acquisition, supporting ongoing reporting and analysis.
6Investors can analyze the combined financial picture of Diamondback and Endeavor through the pro forma statements.

Diamondback Energy, Inc. 8-K/A Report, Exhibit Filing (Sep 19, 2024)

Summary

Key Highlights

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