Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports Third Quarter 2020 Financial and Operating Results
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Susquehanna Reiterates Positive Rating on Diamondback Energy (FANG)
November 4, 2020 6:56 AM ESTSusquehanna analyst Biju Perincheril reiterated a Positive rating and $51.00 price target on Diamondback Energy (NASDAQ: FANG) following the company's 3Q earnings report. FANG reported 3Q adjusted EPS of $0.62, better than the consensus of $0.36. The beat was driven by lower operating costs, including much lower... More
Viper Energy (VNOM) Tops Q3 EPS by 3c
November 2, 2020 4:45 PM ESTViper Energy (NASDAQ: VNOM) reported Q3 EPS of ($0.01), $0.03 better than the analyst estimate of ($0.04).
THIRD QUARTER HIGHLIGHTS
Q3 2020 consolidated net income (including non-controlling interest) of $16.2 million; adjusted net income (as defined and reconciled below) of $7.1 millionConsolidated Adjusted EBITDA (as defined and reconciled below) of $40.4 million and cash available for distribution to Vipers common limited partner units (as reconciled below) of $13.9 millionPreviously announced Q3 2020 average production of 15,829 bo/d (26,409 boe/d), an increase of 10% from Q2 2020 average daily oil production and 16% year over yearQ3 2020 cash distribution of $0.10 per common unit,... More