Viper Energy Stock Price, News & Analysis

Viper Energy Partners LP (NASDAQ: VNOM) announced strong Q1 2021 results with average production of 15,500 bo/d and a cash distribution of $0.25 per common unit, representing 60% of cash available for distribution. The company's consolidated net income was $23.9 million, with adjusted EBITDA of $73.5 million. Viper reduced total debt by $136.6 million over the last year, ending Q1 with net debt of $525.2 million. The firm anticipates continued production growth, raising its full-year guidance to 15,000-16,250 bo/d.

Viper Energy Partners LP (NASDAQ: VNOM) reported an operational update for Q1 2021, achieving an average production of 15,500 bo/d and turning 134 gross horizontal wells to production. The company’s unhedged realized prices were $56.16 per barrel for oil and $41.14 total equivalent price per boe. Despite challenges from Winter Storm Uri, production rebounded. Viper repurchased 869,965 common units for $13.0 million. The company expects strong production in H2 2021 as completion activity increases.

Viper Energy Partners LP (NASDAQ: VNOM) will release its first quarter 2021 financial results on May 3, 2021, after market close. A conference call for analysts and investors will follow on May 4, 2021, at 10:00 a.m. CT. Participants can join by dialing (844) 400-1537 in the U.S. or (703) 326-5198 internationally, using confirmation code 1383663. A telephonic replay will be available from May 4 through May 11, and a live broadcast will also be accessible online via Viper's investor relations page.

Viper Energy Partners LP (NASDAQ:VNOM) reported its fourth-quarter 2020 financial results, highlighting a 10% increase in average daily oil production to 17,359 bo/d compared to Q3 2020. The cash distribution for Q4 2020 was $0.14 per common unit, which is about 50% of cash available for distribution. The company faced a consolidated net loss of $(52.7) million but achieved an adjusted net income of $14.2 million. Viper reduced total debt by 16% over nine months and generated $42 million from asset sales in Q4. Production guidance for 2021 is set at 14,750 to 16,000 bo/d.

Viper Energy Partners LP (NASDAQ: VNOM) will release its fourth quarter 2020 financial results on February 22, 2021, after market close. A conference call for investors and analysts is scheduled for February 23, 2021, at 10:00 a.m. CT to discuss the earnings. Participants can join by calling (844) 400-1537 in the U.S. or (703) 326-5198 internationally. A telephonic replay will be available until March 2, 2021. Viper focuses on oil and natural gas properties in North America, primarily in the Permian Basin.

Viper Energy Partners LP (NASDAQ: VNOM) has initiated a common unit repurchase program authorizing up to $100 million, set to run until December 31, 2021. The program will be funded by cash on hand and free cash flow from operations, with purchases made as market conditions allow. The CEO stated that repurchasing units at current prices is viewed as a strong return for unitholders, especially given the market dislocation affecting valuation. Viper anticipates continued distribution payments along with debt reduction while maintaining strategic growth.

Viper Energy Partners LP (NASDAQ:VNOM) reported Q3 2020 results with consolidated net income of $16.2 million and adjusted net income of $7.1 million. Production rose 10% quarter-over-quarter to 15,829 bo/d, driving a cash distribution of $0.10 per common unit, representing 50% of cash available for distribution. The company reduced total debt by $67.1 million in six months to $599.1 million. Viper narrowed its full-year production guidance to 15,750-16,000 bo/d and anticipates strong free cash flow in 2021.

Viper Energy Partners LP (NASDAQ: VNOM) reported its third-quarter operational update for 2020, with average production reaching 15,829 bo/d, representing a 10% increase from the previous quarter. The company achieved hedged realized prices of $27.65 per barrel of oil and total equivalent prices of $19.11 per boe. Unhedged realized prices showed a healthier figure at $36.80 per barrel for oil, translating to $25.76 per boe. Viper noted a decrease in net debt due to robust free cash flow and plans to enhance cash flow returns to unitholders in the latter half of 2020.

Viper Energy Partners LP (NASDAQ: VNOM) plans to release its third quarter 2020 financial results on November 2, 2020, after market close. A conference call for discussion will occur on November 3, 2020, at 10:00 a.m. CT. Investors can join the call via a specified phone number or watch the live webcast on the company's website. Viper focuses on acquiring and exploiting oil and natural gas properties, particularly in the Permian Basin, and operates as a subsidiary of Diamondback Energy.