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Viper Energy Inc   (VNOM)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $36.6100 $0.78 2.177%
Day's High: $36.75 Week Perf: 2.89 %
Day's Low: $ 36.03 30 Day Perf: 6.12 %
Volume (M): 1,242 52 Wk High: $ 38.76
Volume (M$): $ 45,466 52 Wk Avg: $29.25
Open: $36.03 52 Wk Low: $24.48



 Market Capitalization (Millions $) 2,723
 Shares Outstanding (Millions) 74
 Employees 1
 Revenues (TTM) (Millions $) 828
 Net Income (TTM) (Millions $) 501
 Cash Flow (TTM) (Millions $) 8
 Capital Exp. (TTM) (Millions $) 77

Viper Energy Inc
We are a Delaware limited partnership formed by Diamondback on February 27, 2014 to own, acquire and exploit oil and natural gas properties in North America.

Our primary business objective is to provide an attractive return to our unitholders by focusing on business results, maximizing distributions through organic growth and pursuing accretive growth opportunities through acquisitions of mineral, royalty, overriding royalty, net profits and similar interests from Diamondback and from third parties. Our initial assets consisted of mineral interests in oil and natural gas properties in the Permian Basin in West Texas, substantially all of which are leased to working interest owners who bear the costs of operation and development. Diamondback contributed these assets, which it acquired in September 2013 from a third party for cash, to us upon the closing of our IPO on June 23, 2014.

Our primary business objective is to provide an attractive return to unitholders by focusing on business results, maximizing distributions through organic growth and pursuing accretive growth opportunities through acquisitions of mineral interests from Diamondback and from third parties. We intend to accomplish this objective by executing the following strategies:


Capitalize on the development of the properties underlying our mineral interests. Our assets consist primarily of mineral interests in the Permian Basin in West Texas. We expect the production from our mineral interests to increase as Diamondback and our other operators drill and develop our acreage without cost to us.


Leverage our relationship with Diamondback to participate with it in acquisitions of mineral or other interests in producing properties from third parties and to increase the size and scope of our potential third-party acquisition targets. We intend to make opportunistic acquisitions of mineral interests that have substantial oil-weighted resource potential and organic growth potential. Diamondback was formed in part to acquire and develop oil and natural gas properties, some of which will likely meet our acquisition criteria. In addition, Diamondback’s executives have long histories of evaluating, pursuing and consummating oil and natural gas property acquisitions in North America. Through our relationships with Diamondback and its affiliates, we have access to their significant pool of management talent and industry relationships, which we believe provide us with a competitive advantage in pursuing potential third-party acquisition opportunities. We may have additional opportunities to work jointly with Diamondback to pursue certain acquisitions of mineral or other interests in oil and natural gas properties from third parties. For example, we and Diamondback may jointly pursue an acquisition where we would acquire mineral or other interests in properties and Diamondback would acquire the remaining working and revenue interests in such properties. We believe this arrangement may give us access to third-party acquisition opportunities that we would not otherwise be in a position to pursue.

To estimate economically recoverable proved reserves and related future net cash flows, Ryder Scott considered many factors and assumptions, including the use of reservoir parameters derived from geological, geophysical and engineering data which cannot be measured directly, economic criteria based on current costs and the SEC pricing requirements and forecasts of future production rates. To establish reasonable certainty with respect to our estimated proved reserves, the technologies and economic data used in the estimation of our proved reserves included production and well test data, downhole completion information, geologic data, electrical logs, radioactivity logs, core analyses, available seismic data and historical well cost and operating expense data.

Our petroleum engineers and geoscience professionals work closely with our independent reserve engineers to ensure the integrity, accuracy and timeliness of the data used to calculate our proved reserves relating to our assets in the Permian Basin. Our internal technical team members met with our independent reserve engineers periodically during the period covered by the reserve report to discuss the assumptions and methods used in the proved reserve estimation process. We provide historical information to the independent reserve engineers for our properties such as ownership interest, oil and gas production, well test data, commodity prices and operating and development costs. The Vice President–Reservoir Engineering of our general partner is primarily responsible for overseeing the preparation of all of our reserve estimates. The Vice President–Reservoir Engineering of our general partner is a petroleum engineer with over 30 years of reservoir and operations experience and our geoscience staff has an average of approximately 24 years of industry experience per person. Our technical staff uses historical information for our properties such as ownership interest, oil and gas production, well test data, commodity prices and operating and development costs.




   Company Address: 500 West Texas Midland, 79701 TX
   Company Phone Number: 221-7400   Stock Exchange / Ticker: NASDAQ VNOM
   


Customers Net Income grew by VNOM's Customers Net Profit Margin grew to

147.84 %

5.07 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CHKEW     
EOG        2.26% 
EQT   -3.24%    
OXY        3.37% 
PXD        3.52% 
SWN   -0.14%    
• View Complete Report
   



Financing Agreement

Viper Energy's Strategic Move: Launching Secondary Common Stock Offering

Published Tue, Mar 5 2024 9:24 PM UTC


Viper Energy, Inc. made headlines recently with the launch of an underwritten public offering of 11,500,000 shares of its Class A common stock by its parent company, Diamondback Energy, Inc. This Secondary Offering, subject to market conditions, will not provide any proceeds to Viper Energy, as the shares are being sold by the Selling Stockholder. Additionally, the Sell...

Viper Energy Partners Lp

Earnings Plunge at Viper Energy Partners Amid Challenging Q2 2023 Financial Landscape



Viper Energy Partners LP recently released its financial results for the second quarter of 2023, revealing a decline in earnings, profits, and revenues. Furthermore, the company's profitability indicators, such as operating margin and net margin, have also experienced a shrinkage. While these results may raise concerns among investors, it is essential to analyze them in the broader context of the company's recent performance.
Financial Results Overview:
In the second quarter of 2023, Viper Energy Partners LP reported a decrease in earnings of -4.55% per share, amounting to $0.42 compared to $0.44 in the corresponding period the previous year. Additionally, profits fell by -10.64% from $0.47 per share in the prior quarter. The decline in revenues was also significant, dropping by -32.816% to $160.79 million from $239.32 million in the same quarter last year. Sequentially, revenue decreased by -4.836% from $168.96 million.

Viper Energy Partners Lp

Serious revenue drop, at the company amid the January to March 31 2023 three months

Viper Energy Partners Lp (Viper) had an impressive first quarter ending on March 31, 2023, as its earnings per share (EPS) soared by 113.64% to $0.47 per share compared to the same period last year. However, on a year-on-year basis, the revenue decreased by 16.317% to $168.96 million, indicating a challenging business environment.
The previous quarter's EPS was $0.26 per share, representing an increase of 83.04% from that period. The revenues also declined by 17.025% to $203.63 million from the prior quarter.






 

Viper Energy Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Viper Energy Inc does not provide revenue guidance.

Earnings Outlook
Viper Energy Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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