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 (VNOM) maintains a distinctive position in the energy sector through its focus on mineral rights and royalty interests across prime oil and natural gas regions. This dedicated news hub provides investors with essential updates on the company's strategic acquisitions, financial performance, and operational developments.
Access real-time information about VNOM's activity in the Permian Basin and other key regions, including earnings announcements, partnership agreements, and asset portfolio expansions. The curated news collection eliminates operational jargon while maintaining technical accuracy, serving both experienced analysts and those new to mineral interest investments.
Key updates include quarterly financial disclosures, mineral rights acquisitions, dividend announcements, and market position analyses. All content undergoes rigorous verification to ensure compliance with financial reporting standards and relevance to long-term investment strategies.
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Viper Energy (NASDAQ: VNOM) has announced the pricing of an upsized public offering of 24,640,000 shares of Class A common stock at $44.50 per share, representing a 2,640,000 share increase from the originally proposed 22,000,000 shares. The underwriters have a 30-day option to purchase up to an additional 3,696,000 shares.
The offering is expected to generate approximately $1.1 billion in net proceeds (or $1.2 billion if the underwriters exercise their full option). Viper plans to use the proceeds to fund the cash consideration for its pending acquisition of mineral and royalty-interest owning subsidiaries from Diamondback Energy. The offering is expected to close on February 3, 2025.
J.P. Morgan, Citigroup, Mizuho, and Morgan Stanley are serving as joint book-running managers for the offering.
Viper Energy (NASDAQ: VNOM) has announced an underwritten public offering of 22,000,000 shares of its Class A common stock, with underwriters having an option to purchase an additional 3,300,000 shares. The proceeds will primarily fund the cash consideration for Viper's pending acquisition of mineral and royalty-interest owning subsidiaries from its parent company, Diamondback Energy. If the acquisition doesn't close, proceeds will be used for general corporate purposes.
The offering is being managed by joint book-running managers J.P. Morgan, Citigroup, Mizuho, and Morgan Stanley. The shares will be issued under an effective automatic shelf registration statement on Form S-3ASR previously filed with the SEC.
Viper Energy (NASDAQ:VNOM) announced two major acquisitions and Q4 2024 results. The company reported Q4 average daily production of 29,859 bo/d and total operating income of $228.7 million, declaring a $0.65 combined dividend per Class A share.
The company entered into two significant transactions: a $1.0 billion Drop Down agreement with Diamondback Energy to acquire mineral and royalty-interest subsidiaries, involving cash and approximately 69.6 million OpCo units, and the Quinn Ranch Acquisition worth $211 million plus 2.4 million OpCo units.
The combined acquisitions will add approximately 23,100 net royalty acres in the Midland Basin, with Diamondback operating >70% of these acres. The transactions are expected to be >10% accretive to cash distribution per Class A share, with pro forma production expected to increase by 61% compared to Q4 2024 levels.
Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, has scheduled its fourth quarter 2024 financial results release for February 24, 2025 after market close. The company will host a conference call and webcast for investors and analysts on February 25, 2025 at 10:00 a.m. CT to discuss the results.
Viper Energy specializes in owning, acquiring, and exploiting oil and natural gas properties in North America, with a primary focus on oil-weighted basins, particularly the Permian Basin in West Texas. The earnings call webcast will be accessible through Viper's website under the 'Investor Relations' section.
Viper Energy reported strong Q3 2024 financial results with average production of 26,978 bo/d (49,370 boe/d), marking a 2.4% increase from Q2 2024. The company achieved consolidated net income of $109.0 million and declared a total dividend of $0.61 per Class A common share. During Q3, 330 total gross wells were turned to production with an average lateral length of 11,866 feet. The company completed the Tumbleweed Acquisitions, expanding its footprint to 35,634 net royalty acres. Viper increased its full year 2024 production guidance to 27,000-27,250 bo/d and initiated Q4 2024 guidance of 29,250-29,750 bo/d.
Viper Energy, Inc. (NASDAQ:VNOM), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG), has completed the acquisition of certain mineral and royalty interest-owning subsidiaries of Tumbleweed Royalty IV, (TWR IV). The total consideration for the acquisition included:
1. $459.0 million in cash
2. Issuance of approximately 10.1 million OpCo units to TWR IV
3. An option for TWR IV to acquire an equal number of Viper's Class B common stock
The cash portion was funded through cash on hand, borrowings, and proceeds from a public offering of Viper's Class A common stock. The deal also includes a potential additional payment of up to $41.0 million in Q1 2026, contingent on the average 2025 WTI price.
Viper Energy, Inc. (NASDAQ: VNOM), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG), has announced its plans to release third quarter 2024 financial results on November 4, 2024 after market close. The company will host a conference call and webcast for investors and analysts on November 5, 2024 at 10:00 a.m. CT to discuss the results.
Investors can access the live webcast and replay through Viper's website at www.viperenergy.com under the 'Investor Relations' section. Viper Energy focuses on owning, acquiring, and exploiting oil and gas properties in North America, with a primary focus on oil-weighted basins in the Permian Basin, West Texas.
Viper Energy (NASDAQ: VNOM) has announced the pricing of an upsized public offering of 10,000,000 shares of its Class A common stock at $42.50 per share. This represents a 1,500,000 share increase from the originally proposed 8,500,000 share offering. The underwriters have a 30-day option to purchase an additional 1,500,000 shares. Net proceeds are expected to be approximately $413.7 million, or $475.9 million if the underwriters' option is fully exercised.
Viper plans to use the proceeds, along with cash on hand and credit facility borrowings, to fund part of the cash consideration for its pending acquisition of mineral and royalty-interest owning subsidiaries of Tumbleweed Royalty IV, The offering is expected to close on September 13, 2024, subject to customary conditions.
Viper Energy (NASDAQ: VNOM) has launched an underwritten public offering of 8,500,000 shares of its Class A common stock, with an option for underwriters to purchase an additional 1,275,000 shares. The company plans to use the net proceeds, along with cash on hand and credit facility borrowings, to fund part of the cash consideration for its pending acquisition of mineral and royalty-interest owning subsidiaries of Tumbleweed Royalty IV,
Goldman Sachs & Co. , BofA Securities, and Truist Securities are acting as joint book-running managers for the offering. The shares will be issued and sold under an effective automatic shelf registration statement on Form S-3ASR previously filed with the SEC.
Viper Energy, a subsidiary of Diamondback Energy, announced a significant acquisition of mineral and royalty interests in the Permian Basin. The company is set to acquire assets from Tumbleweed Royalty IV for $461 million in cash and 10.1 million OpCo units, with a potential additional payment of up to $41 million in 2026. Viper also closed two related acquisitions for $189 million.
The combined acquisitions include 3,727 net royalty acres, primarily in the Midland Basin. Current production is around 2,500 Bo/d, expected to increase to 4,500 Bo/d in 2025. The deal is projected to increase Viper's 2025 per-share return of capital by 4-5%. Post-acquisition, Viper's preliminary Q4 2024 production guidance is 29,000 to 30,000 bo/d, with 2025 guidance at 30,000 to 33,000 bo/d.
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