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

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Viper Energy (VNOM) Misses Q4 EPS by 14c, Revenues Beat

February 11, 2020 4:04 PM EST

Viper Energy (NASDAQ: VNOM) reported Q4 EPS of $0.03, $0.14 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $92.71 million versus the consensus estimate of $90.92 million.

FOURTH QUARTER HIGHLIGHTS

Q4 2019 cash distribution of $0.45 per common unit; implies an 8.1% annualized yield based on the February 7, 2020 unit closing price of $22.11Q4 2019 consolidated net income (including non-controlling interest) of $48.5 million, consolidated adjusted EBITDA (as defined and reconciled below) of $85.3 million and cash available for distribution to Vipers common limited partner units (as reconciled below) of $30.7 millionQ4 2019 average production of... More