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
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Customers Net Income grew by |
VNOM's Customers Net Profit Margin grew to |
147.84 % |
5.07 %
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Stock Performances by Major Competitors |
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Financing Agreement
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...
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Viper Energy Partners Lp
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.
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Viper Energy Partners Lp
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.
|
Per Share |
Current |
Earnings (TTM) |
2.7 $ |
Revenues (TTM) |
11.13 $
|
Cash Flow (TTM) |
0.1 $ |
Cash |
0.35 $
|
Book Value |
38.42 $
|
Dividend (TTM) |
4.46 $ |
|
Per Share |
|
Earnings (TTM) |
2.7 $
|
Revenues (TTM) |
11.13 $ |
Cash Flow (TTM) |
0.1 $ |
Cash |
0.35 $
|
Book Value |
38.42 $ |
Dividend (TTM) |
4.46 $ |
|
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