Viper Energy (VNOM) Tops Q3 EPS by 11c

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Go back to Viper Energy (VNOM) Tops Q3 EPS by 11c

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports Third Quarter 2018 Financial and Operating Results

October 29, 2018 4:01 PM EDT

MIDLAND, Texas, Oct. 29, 2018 (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, 2018.

HIGHLIGHTS

Q3 2018 cash distribution of $0.58 per common unit , up 72% year over year; implies a 6.4% annualized yield based on the October 26, 2018 unit closing price of $36.29Q3 2018 consolidated net income (including non-controlling interest) of $50.8 million, consolidated adjusted EBITDA (as defined and reconciled below) of $72.4 million and cash... More