Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports First Quarter 2019 Financial and Operating Results

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Stephens Reiterates Overweight Rating on Viper Energy (VNOM)

May 1, 2019 7:51 AM EDT

Stephens analyst Gail Nicholson reiterated an Overweight rating and $47.00 price target on Viper Energy (NASDAQ: VNOM) following the company's 1Q earnings report. EBITDA of ~$57.3 mil. was ~8% below consensus estimates due to lower volumes.

VNOM guided 2Q/3Q production to 19-21 Mboepd. Consensus is... More

Viper Energy (VNOM) Reports Q1 EPS of $0.61

April 30, 2019 4:11 PM EDT

Viper Energy (NASDAQ: VNOM) reported Q1 EPS of $0.61, versus $0.09 reported last year.

Q1 2019 cash distribution of $0.38 per common unit; implies a last twelve month yield of 5.9% based on the April 26, 2019 unit closing price of $34.82Q1 2019 consolidated net income (including non-controlling interest) of $74.3 million, consolidated adjusted EBITDA (as defined and reconciled below) of $57.3 million and cash available for distribution to Limited Partner units (as defined below) of $24.0 millionQ1 2019 production of 19,042 boe/d (67% oil), an increase of 35% year over yearInitiating average production guidance for Q2 2019/Q3 2019 of 19,000 to 21,000 boe/dReaffirm full year... More