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. reports news centered on its mineral and royalty interests in oil and natural gas properties, with a focus on Permian Basin assets and its relationship with parent Diamondback Energy. Updates commonly cover quarterly production and realized commodity prices, lease bonus income, operating results, base and variable cash dividends, share repurchases, debt reduction, and Class A common stock activity.
Company announcements also address acquisitions or divestitures of mineral and royalty assets, secondary offerings by selling stockholders, conference-call scheduling, and capital-allocation actions tied to its capital-light royalty model.
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.
Viper Energy (NASDAQ:VNOM) reported strong Q2 2024 results, with average production of 26,352 bo/d (47,473 boe/d), up 3.7% from Q1. The company announced a consolidated net income of $122.2 million and increased its annual base dividend by 11% to $1.20 per share. Q2 cash available for distribution was $78.4 million, or $0.86 per Class A common share. Viper declared a Q2 base cash dividend of $0.30 and a variable cash dividend of $0.34 per Class A common share, implying a 6.4% annualized yield. The company also closed a divestiture of non-Permian assets for $90.2 million and increased its full-year 2024 production guidance to 26,000-26,750 bo/d.
Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy (NASDAQ: FANG), has scheduled its second quarter 2024 financial results release for August 5, 2024, after market close. The company will host a conference call and webcast on August 6, 2024, at 10:00 a.m. CT to discuss the results. The webcast and a replay will be available on Viper's Investor Relations section of their website. Viper Energy focuses on owning, acquiring, and exploiting oil and natural gas properties in North America, primarily in the Permian Basin in West Texas. Diamondback Energy, headquartered in Midland, Texas, is dedicated to the development and exploration of unconventional, onshore oil and natural gas reserves in the Permian Basin.
Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., reported strong first quarter 2024 financial results with 25,407 bo/d production, $99.6 million consolidated net income, and cash dividends declared. They also initiated production guidance for Q2 2024 and updated full year 2024 guidance. The company announced a base dividend of $0.27 per Class A common share and a variable cash dividend of $0.32 per share for Q1 2024. Viper's operations included turning 375 horizontal wells to production and signing an agreement to sell non-Permian assets for $90.3 million. The company's financial update revealed total operating income of $205.4 million, a cash balance of $20.0 million, and $1.1 billion in long-term debt as of March 31, 2024.
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