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) generates frequent news and disclosures as a mineral and royalty interest owner in oil and natural gas properties, with a focus on oil-weighted basins such as the Permian Basin. Company announcements consistently describe Viper as a subsidiary of Diamondback Energy, Inc., and many updates highlight the impact of Diamondback’s development activity on acreage where Viper holds mineral and royalty interests.
News items for VNOM commonly include quarterly financial and operating results, where Viper reports average daily production, realized prices for oil, natural gas and natural gas liquids, and operating income or net income figures. These releases often detail the number of horizontal wells turned to production on Viper’s acreage, distinguishing between wells operated by Diamondback and those operated by third parties, and provide context on active development and line-of-sight wells.
Investors following VNOM news will also see coverage of capital return actions, including base and variable cash dividends and share repurchases under Viper’s common stock repurchase program. The company’s communications describe the portion of cash available for distribution returned to stockholders through dividends and buybacks, subject to board discretion and factors outlined in SEC filings.
Another key category of VNOM news involves strategic transactions and financing. Viper has announced acquisitions of mineral and royalty interests from Diamondback affiliates and third parties, including the all-equity acquisition of Sitio Royalties Corp., and has reported offerings of senior notes, term loan agreements and revolving credit facilities. Conference call and webcast notices accompany many of these updates, providing scheduled times for management to discuss results and transactions. For readers, the VNOM news page offers a centralized view of these operational, financial and corporate developments over time.
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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.