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.
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.
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.