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

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

Viper Energy (VNOM) Tops Q2 EPS by 6c

August 3, 2020 4:41 PM EDT

Viper Energy (NASDAQ: VNOM) reported Q2 EPS of ($0.04), $0.06 better than the analyst estimate of ($0.10).

SECOND QUARTER HIGHLIGHTS

Q2 2020 consolidated net loss (including non-controlling interest) of $(33.1) million; adjusted net loss (as defined and reconciled below) of $(4.2) millionConsolidated Adjusted EBITDA (as defined and reconciled below) of $26.6 million and cash available for distribution to Vipers common limited partner units (as reconciled below) of $8.1 millionQ2 2020 average production of 14,453 bo/d (24,508 boe/d), an increase of 9% from Q2 2019 average daily oil productionQ2 2020 cash distribution of $0.03 per common unitDue to the current uncertainty in... More