Viper Energy Stock Price, News & Analysis

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.

Viper Energy Partners LP (NASDAQ:VNOM) reported its Q2 2020 results, revealing a consolidated net loss of $(33.1) million and adjusted net loss of $(4.2) million. Average production increased by 9% year-over-year to 14,453 bo/d. The cash distribution was reduced to $0.03 per common unit, approximately 25% of cash available for distribution, to strengthen the balance sheet amid commodity market uncertainty. Viper narrowed its full-year production guidance to 15,250 to 16,000 bo/d, expecting sequential growth supported by Diamondback Energy's operations. Overall, 134 wells turned to production during Q2.

Viper Energy Partners LP (NASDAQ: VNOM) released its operational update for Q2 2020, reporting an average production of 14,453 bo/d and 24,508 boe/d. Hedged realized prices were $22.39 per barrel of oil, $7.69 for natural gas liquids, and ($1.01) for natural gas, yielding a total equivalent price of $13.60 per boe, with hedging losses of ($2.1 million). Despite limited completion activity due to price volatility, production is set to grow in H2 2020 as operations resume, driven by Diamondback’s completion focus on Viper's mineral interests.

Viper Energy Partners LP (NASDAQ: VNOM) will announce its second quarter 2020 financial results on August 3, 2020, after market close. A conference call will follow on August 4, 2020, at 10:00 a.m. CT, for discussion with investors and analysts. Participants can join via phone or listen online. A replay will be available after the call. Viper, a subsidiary of Diamondback Energy, focuses on oil and natural gas properties in North America, particularly in the Permian Basin.