Diamondback Energy (FANG) Tops Q3 EPS by 16c

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Go back to Diamondback Energy (FANG) Tops Q3 EPS by 16c

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports Third Quarter 2014 Cash Distributions and Financial and Operating Results

November 4, 2014 4:01 PM EST

MIDLAND, Texas, Nov. 4, 2014 (GLOBE NEWSWIRE) -- Viper Energy Partners LP (Nasdaq: VNOM) ("Viper"), a subsidiary of Diamondback Energy, Inc. (Nasdaq: FANG) ("Diamondback"), today announced financial and operating results for the third quarter ended September 30, 2014.

HIGHLIGHTS

Cash distribution of $0.25 per unit for the period from June 23, 2014 to September 30, 2014.   Net income was $11.8 million and Adjusted EBITDA (as defined below) was $21.4 million, in each case for the period from June 23, 2014 through September 30, 2014.   Viper has no debt and an undrawn revolving credit facility of $110 million following its September 2014... More