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

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Viper Energy (VNOM) Misses Q3 EPS by 1c

October 29, 2019 4:09 PM EDT

Viper Energy (NASDAQ: VNOM) reported Q3 EPS of $0.13, $0.01 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $71.79 million versus the consensus estimate of $76.56 million.

Q3 2019 cash distribution of $0.46 per common unit; implies a 6.8% annualized yield based on the October 25, 2019 unit closing price of $27.04Q3 2019 consolidated net income (including non-controlling interest) of $51.1 million, consolidated adjusted EBITDA (as defined and reconciled below) of $66.3 million and cash available for distribution to Limited Partner units (as defined below) of $29.0 millionQ3 2019 production of 21,266 boe/d (64% oil), an increase of 9% from Q2 2019 and 16%... More