Viper Energy Partners LP, A Subsidiary of Diamondback Energy, Inc., Reports First Quarter 2020 Financial and Operating Results

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Go back to Viper Energy Partners LP, A Subsidiary of Diamondback Energy, Inc., Reports First Quarter 2020 Financial and Operating Results

Viper Energy (VNOM) Tops Q1 EPS by 20c

May 4, 2020 4:06 PM EDT

Viper Energy (NASDAQ: VNOM) reported Q1 EPS of $0.21, $0.20 better than the analyst estimate of $0.01. Revenue for the quarter came in at $78.69 million versus the consensus estimate of $81.08 million.

FIRST QUARTER HIGHLIGHTS

Q1 2020 cash distribution of $0.10 per common unit; implies a 4.7% annualized yield based on the May 1, 2020 unit closing price of $8.60Due to the current uncertainty in the commodity markets, Viper is temporarily reducing its distribution policy to 25% of cash available for distribution from 100% previously with retained cash flow expected to be used to strengthen the balance sheet; the Board of... More