Viper Energy Partners (VNOM) Tops Q3 EPS by 1c

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Go back to Viper Energy Partners (VNOM) Tops Q3 EPS by 1c

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

October 24, 2017 4:01 PM EDT

MIDLAND, Texas, Oct. 24, 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 third quarter ended September 30, 2017.

HIGHLIGHTS

Q3 2017 cash distribution of $0.337 per common unit, up 63% year over year and highest in Company history; implies a 7.4% annualized yield based on October 23 unit closing price of $18.16Q3 2017 production of 12,611 boe/d (68% oil), up 20% over Q2 2017 and 102% year over yearQ3 2017 net income of $26.6 million and... More