Welcome to our dedicated page for Viper Energy news (Ticker: VNOM), a resource for investors and traders seeking the latest updates and insights on Viper Energy stock.
Viper Energy, Inc. (NASDAQ: VNOM) is a publicly traded Delaware corporation specializing in the ownership and acquisition of mineral and royalty interests in oil and natural gas properties, predominantly located in the Permian Basin. The Permian Basin is renowned for its rich deposits of oil and natural gas-bearing rock, making it a key area for energy exploration and production.
Core Business: Viper Energy focuses on maximizing returns from its mineral and royalty interests without incurring the exploration and development costs typically associated with traditional oil and gas companies. This unique business model allows Viper to benefit from production activities conducted by other operators in the region.
Recent Achievements: Recently, Viper Energy announced an underwritten public offering of 11,500,000 shares of its Class A common stock by its parent company, Diamondback Energy, Inc. This offering, managed by major financial institutions such as J.P. Morgan, Barclays, Evercore ISI, and Goldman Sachs, aims to raise approximately $402.5 million in gross proceeds. The offering is expected to close on March 8, 2024, subject to customary closing conditions.
Financial Condition: Viper Energy reports strong financial health with consistent revenue streams from its mineral and royalty interests. The company utilizes commodity derivatives to hedge against market volatility, ensuring stable cash flows.
Partnerships: As a subsidiary of Diamondback Energy, Inc., Viper benefits from strategic alignment and shared resources, enhancing its operational efficiency and market reach.
Products and Operations: Viper Energy's primary product is its royalty income derived from oil and gas production. The company regularly updates stakeholders with financial, operational, and guidance reports, ensuring transparency and informed decision-making.
Overall, Viper Energy, Inc. stands out for its strategic focus on mineral and royalty interests, robust financial management, and strong industry partnerships, positioning it as a significant player in the energy sector.
Viper Energy Partners LP (NASDAQ: VNOM) will release its third quarter 2022 financial results on November 7, 2022, after market closure. A conference call and webcast for investors and analysts will follow on November 8, 2022, at 10:00 a.m. CT. The live audio webcast can be accessed through Viper's official website. Viper, part of Diamondback Energy, focuses on acquiring and exploiting oil and gas properties in North America, notably in the Permian Basin.
Viper Energy Partners LP (NASDAQ:VNOM) reported strong Q2 2022 results with a 20% year-over-year increase in cash available for distribution, driven by a 9% increase in production. The Board approved a base annual distribution of $1.00 per unit and increased the unit repurchase authorization to $750 million. Q2 net income reached $171.6 million, and adjusted net income was $167 million, or $2.18 per common unit. Average unhedged realized prices were $106.34 per barrel of oil. The company also updated its production guidance, projecting an average daily production for the full year of 19,000 to 19,750 bo/d.
Viper Energy Partners LP (NASDAQ: VNOM) will release its second quarter 2022 financial results on August 1, 2022, after market close. A conference call for investors and analysts is scheduled for August 2, 2022, at 11:00 a.m. CT to discuss these results. Viper, a subsidiary of Diamondback Energy, focuses on acquiring and exploiting oil and gas properties in North America, primarily in the Permian Basin. For further details, visit their website.
Viper Energy Partners LP (NASDAQ:VNOM) announced strong Q1 2022 results, with average production of 18,144 bo/d and a consolidated net income of $128 million. The company reported a net income attributable to Viper of $16.6 million or $0.22 per unit. A cash distribution of $0.67 per unit was declared, increasing 43% quarter-over-quarter. Viper's debt stood at $727.9 million, with a repurchase program increased to $250 million. Production guidance for 2022 was raised by 1.4%. The Board appointed Frank C. Hu as a new independent director.
Viper Energy Partners LP (NASDAQ: VNOM) will release its first quarter 2022 financial results on May 2, 2022, post-market close. A conference call for investors and analysts is set for May 3, 2022, at 11:00 a.m. CT to discuss the results. Participants can join via telephone or a live webcast on the company's website. A replay of the call will be available from the same day through May 10, 2022. Viper, a subsidiary of Diamondback Energy, focuses on acquiring and exploiting oil and natural gas properties in North America, particularly in the Permian Basin.
Viper Energy Partners LP (NASDAQ:VNOM) reported strong Q4 2021 results, with average production of 18,370 bo/d and a net income of $39.5 million, equating to $0.50 per common unit. The company declared a cash distribution of $0.47 per unit, marking a 24% increase from the previous quarter. Viper's total cash available for distribution hit a record of $0.67 per unit. The company also successfully repurchased 574,200 units for $12.4 million during the quarter and guided 2022 production between 17,750 to 19,000 bo/d. Proved reserves rose 29% year-over-year to 127,888 Mboe.
Viper Energy Partners LP (NASDAQ: VNOM) plans to release its fourth quarter 2021 financial results on February 22, 2022, after market close. A conference call for investors and analysts will follow on February 23, 2022, at 10:00 a.m. CT, to discuss the results. Participants can join via phone or watch a live broadcast online. Viper, a subsidiary of Diamondback Energy, specializes in acquiring and exploiting oil and natural gas properties, primarily in the Permian Basin.
Viper Energy Partners LP (NASDAQ: VNOM) announced an increase in its common unit repurchase program to $150 million, extending the authorization indefinitely. As of September 30, 2021, approximately $57.4 million has been utilized, representing around 38% of the total authorization. The company plans to repurchase units opportunistically using cash, free cash flow, and proceeds from potential asset sales, aiming to enhance unitholder returns. CEO Travis Stice emphasized confidence in the company’s forward outlook, bolstered by Diamondback’s development plans.
Viper Energy Partners LP (NASDAQ:VNOM) reported strong Q3 2021 results, with average production of 16,087 bo/d and net income of $73.4 million. The adjusted net income was $57.7 million, or $0.90 per common unit. The cash distribution of $0.38 per common unit represents a 15% increase from the previous quarter. Viper increased its full-year production guidance to 16,250-16,500 bo/d. The company finalized an acquisition from Swallowtail Royalties, adding 2,313 net royalty acres, enhancing its footprint to 26,681 net royalty acres.
Viper Energy Partners LP (NASDAQ:VNOM) has completed its acquisition of mineral and royalty interests from Swallowtail Royalties LLC and Swallowtail Royalties II LLC for $225 million in cash and 15.25 million common units. This deal adds approximately 2,302 net royalty acres in the Northern Midland Basin, with 65% operated by Diamondback Energy, a leading oil and gas company. The acquisition aims to expand Viper's mineral and royalty interests in oil-weighted basins, primarily the Permian Basin, enhancing its asset portfolio and potential revenue growth.
FAQ
What is the current stock price of Viper Energy (VNOM)?
What is the market cap of Viper Energy (VNOM)?
What does Viper Energy, Inc. do?
Where is Viper Energy, Inc. located?
Who manages Viper Energy, Inc.'s public offerings?
Does Viper Energy, Inc. incur exploration and development costs?
What is the significance of the Permian Basin to Viper Energy, Inc.?
How does Viper Energy, Inc. manage market volatility?
Who is Viper Energy, Inc.'s parent company?
What recent financial update did Viper Energy, Inc. provide?
What type of financial reports does Viper Energy, Inc. provide?
How does Viper Energy, Inc. generate revenue?
