Diamondback Energy (FANG) Tops Q1 EPS by 85c

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Go back to Diamondback Energy (FANG) Tops Q1 EPS by 85c

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports First Quarter 2017 Financial and Operating Results

May 2, 2017 4:02 PM EDT

MIDLAND, Texas, May 02, 2017 (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 first quarter ended March 31, 2017.

HIGHLIGHTS

Q1 2017 cash distribution of $0.302 per common unit, up 17% over Q4 2016, 103% year over year and the highest in Company history; implies a 7.1% annualized yield based on May 1 unit closing price of... More