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 announce its first quarter 2023 financial results on May 1, 2023, after market close. The subsequent earnings conference call and webcast for investors will be held on May 2, 2023, at 10:00 a.m. CT. The events can be accessed via Viper's website and will provide insights into the company's financial performance. As a subsidiary of Diamondback Energy, Viper focuses on oil and natural gas properties in North America, particularly in the Permian Basin. For further details on the company's operations, visit their official website.
Viper Energy Partners LP (NASDAQ:VNOM) reported strong fourth quarter 2022 results with average production reaching 19,978 bo/d, marking a 1% increase from Q3 and 9% year over year. The company reported consolidated net income of $145.2 million for Q4, with $21.7 million attributable to Viper, translating to $0.29 per unit. Notably, the Q4 cash available for distribution was $66.4 million, or $0.91 per unit, alongside a total distribution of $0.49 per common unit. Viper's 2023 production guidance projects a growth of 8% year over year. The company also repurchased 1 million units for $31.7 million in Q4, reflecting strong returns to unitholders.
Viper Energy Partners LP (NASDAQ: VNOM) has announced it will release its fourth quarter 2022 financial results on February 21, 2023, after market close. A conference call and webcast will follow on February 22, 2023, at 10:00 a.m. CT, providing insights into the company's performance. Viper focuses on owning and exploiting oil and natural gas properties, particularly in the Permian Basin. Investors can access the live webcast or its replay via Viper's website.
Viper Energy Partners LP (NASDAQ:VNOM) announces the retirement of Rosalind Redfern Grover from its Board of Directors, effective December 31, 2022. Grover has served on the board since 2014, contributing significantly to Viper's development in the oil and gas sector. CEO Travis Stice expressed gratitude for her leadership and noted her influence in establishing Viper as a public entity in the minerals and royalties industry. Viper, a subsidiary of Diamondback Energy, focuses on acquiring and exploiting oil and natural gas properties, primarily in the Permian Basin.
Viper Energy Partners LP (NASDAQ:VNOM) announced strong financial results for Q3 2022, reporting a net income attributable to its common units of $79.3 million, equating to $1.06 per unit. The company generated $79.2 million in cash available for distribution, resulting in a total cash distribution of $0.49 per unit, offering a 5.7% yield. Average daily production reached 19,870 bo/d, with expectations for Q4 and Q1 2023 guidance set between 19,250 to 20,250 bo/d. The company repurchased 1.8 million common units for $50.7 million, reflecting its enhanced capital return strategy.
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.
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