Canaccord Genuity Downgrades Diamondback Energy (FANG) to Hold

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Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter 2015 Financial and Operating Results and Provides 2016 Guidance

February 16, 2016 4:10 PM EST

MIDLAND, Texas, Feb. 16, 2016 (GLOBE NEWSWIRE) -- Viper Energy Partners LP (NASDAQ: VNOM) ("Viper" or the Company), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback"), today announced financial and operating results for the fourth quarter ended December 31, 2015 and provided 2016 guidance.

HIGHLIGHTS

Viper previously announced that the Board of Directors of its general partner has declared a cash distribution for the three months ended December 31, 2015 of $0.228 per common unit (a 14% increase from $0.20 per common unit... More