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 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.
Viper Energy Partners LP (NASDAQ:VNOM) reported Q1 2020 financial results, including a cash distribution of $0.10 per common unit, reflecting a 4.7% yield. Due to market uncertainty, the cash distribution policy has been temporarily reduced to 25% of available cash. The company recorded a net loss of $(123.9) million, impacted by a $142.5 million reduction in deferred tax assets. Average production increased by 6% to 17,441 bo/d. Viper closed 35 acquisitions worth $63.4 million, expanding its mineral interests to 24,714 net royalty acres. Guidance for Q2 and Q3 2020 production is set at 13,500 to 15,000 bo/d.