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 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.
Viper Energy Partners LP (NASDAQ: VNOM) plans to release its third quarter 2021 financial results on November 1, 2021, after market close. A conference call for investors and analysts will be held on November 2, 2021, at 10:00 a.m. CT to discuss the results. Participants can join the call via telephone or webcast. 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) has agreed to acquire mineral and royalty interests from Swallowtail Royalties LLC for $225 million in cash and 15.25 million units of common stock. This acquisition adds 2,302 net royalty acres, increasing Viper's Diamondback-operated acreage by over 10%. The transaction, effective August 1, 2021, is expected to enhance cash distributions per unit and contribute to long-term growth due to Diamondback's development plans. Financing will be secured through cash on hand and credit facility borrowings, with closing anticipated in early Q4 2021.
Viper Energy Partners LP (NASDAQ:VNOM) reported Q2 2021 highlights, with average production at 16,516 bo/d and a cash distribution of $0.33 per unit, yielding 7.3%. The company generated consolidated net income of $42.4 million and adjusted EBITDA of $83.3 million. Viper reduced net debt by 21% to $499.5 million while repurchasing 403,163 units for $6.8 million. Production guidance for 2021 was raised by 2% to a range of 15,750 to 16,250 bo/d. Viper's strategy includes acquiring interests operated by Diamondback Energy and continuing its unit repurchase program.
Viper Energy Partners LP (NASDAQ: VNOM) will release its second quarter 2021 financial results on August 2, 2021, after market close. A conference call to discuss these results is scheduled for August 3, 2021, at 10:00 a.m. CT. Interested participants can join via phone or listen to a live webcast on Viper's investor relations website. Viper, a subsidiary of Diamondback Energy, focuses on oil and natural gas properties primarily in the Permian Basin, Texas.
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