Viper Energy (NASDAQ: VNOM) reported Q4 EPS of $0.67, $0.18 better than the analyst estimate of $0.49. Total operating income for the quarter came in at $204.71 million versus the consensus estimate of $217.37 million.

OUTLOOK

Initiating average daily production guidance for Q1 2024 of 25,000 to 25,500 bo/d (44,750 to 45,500 boe/d)
Initiating full year 2024 average daily production guidance of 25,500 to 27,500 bo/d (45,500 to 49,000 boe/d)
As of December 31, 2023, there were approximately 787 gross horizontal wells in the process of active development on Viper’s acreage in which Viper expects to own an average 1.7% net royalty interest (13.4 net 100% royalty interest wells)
Approximately 762 gross (20.0 net 100% royalty interest) line-of-sight wells on Viper’s acreage that are not currently in the process of active development, but for which Viper has visibility to the potential of future development in coming quarters, based on Diamondback’s current completion schedule and third party operators’ permits

For earnings history and earnings-related data on Viper Energy (VNOM) click here.