Core Viewpoint - Viper Energy Inc. reported strong first-quarter 2025 earnings, with adjusted earnings per share of 54 cents, exceeding estimates and showing improvement from the previous year [1] Production - The company produced 5,164 thousand oil-equivalent barrels (MBoe), an increase from 4,198 MBoe a year ago, surpassing estimates [3] - Oil accounted for 54.6% of total production, with oil production rising to 2,818 thousand barrels (MBbls) from 2,312 MBbls year-over-year [3] Realized Prices - The average realized price per barrel of oil equivalent was $47.25, down from $48.85 in Q1 2024, but above the estimate of $46.37 [4] - The average realized oil price was $71.33 per barrel, down from $76.61 year-over-year, exceeding the estimate of $69.76 [4] - Natural gas prices increased to $2.08 per thousand cubic feet from $1.22 a year ago, below the estimate of $2.79 [4] - The price for natural gas liquids was $24.52 per barrel, higher than $22.17 recorded a year ago, exceeding the estimate of $19.91 [5] Costs & Expenses - Total expenses for the first quarter were $90 million, up from $66 million in the prior-year quarter, exceeding the estimate of $88 million [6] - On a per barrel of oil-equivalent (Boe) basis, total operating expenses were $4.26, down from $4.51 year-over-year, and below the estimate of $4.33 [6] Cash Flow - Net cash provided by operating activities was $201 million, an increase from $115 million in Q1 2024 [7] Balance Sheet - As of March 31, 2025, Viper Energy had cash and cash equivalents of $560 million and net long-term debt of $830 million [8] Guidance - The company projects production for Q2 2025 to be in the range of 72.5-78 Mboe/d [9] - Full-year 2025 net production is projected to be in the 74.5-79 Mboe/d range [10]

Viper Energy Partners (VNOM) reported $245 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 19.3%. EPS of $0.54 for the same period compares to $0.52 a year ago.The reported revenue represents a surprise of -1.72% over the Zacks Consensus Estimate of $249.29 million. With the consensus EPS estimate being $0.45, the EPS surprise was +20.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Investment Highlights - Q1 2025 cash available for distribution was $0.76/share, and total return of capital to Class A shareholders was $0.57/share[9] - Q1 2025 average production reached 31,311 Bo/d (57,378 Boe/d)[9] - The company closed the Drop Down acquisition on May 1, 2025, for approximately $1 billion cash and 69.6 million OpCo units[9] - The board authorized a $750 million share repurchase program, with 13.7 million shares repurchased through May 2, 2025, for $325 million at an average of $23.74/share[9] - The company holds approximately 60,420 net royalty acres in the Permian Basin[9] 2025 Outlook - Q2 2025 average production is guided to be between 40,000 - 43,000 Bo/d (72,500 - 78,000 Boe/d)[9] - Expected average daily production for 2025 is projected to be 41,000 - 43,500 Bo/d (74,500 - 79,000 Boe/d)[9] - Net debt of $1.0 billion is expected after the Drop Down, with a leverage ratio of less than 1.0x at $50 WTI by year-end 2025[9] - A base dividend of $0.30/share implies a 2.9% annualized yield, representing approximately 40% of estimated cash available for distribution assuming $50 WTI[9] Financial Position - Market Cap is $12.6 billion, Net Debt is $1.0 billion, and Enterprise Value is $13.6 billion[16] - The company has current liquidity of $1.0 billion[13] - The company is committed to returning at least 75% of cash available for distribution to Class A shareholders[36]

MIDLAND, Texas, May 05, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc., (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the first quarter ended March 31, 2025. FIRST QUARTER HIGHLIGHTS As previously announced, Q1 2025 average production of 31,311 bo/d (57,378 boe/d)Q1 2025 consolidated net income (including non-controlling interest) of $153 million; net income attributable to Viper of $75 milli ...

Core Viewpoint - Viper Energy, Inc. has successfully completed the acquisition of mineral and royalty interests from its parent company, Diamondback Energy, for a total consideration of $1.0 billion in cash and equity issuance, enhancing its asset base in the Permian Basin [1][2]. Group 1: Acquisition Details - The acquisition, referred to as the "Drop Down," includes approximately 22,847 net royalty acres in the Permian Basin, with about 69% of these acres currently operated by Diamondback [2]. - The cash portion of the acquisition was funded through proceeds from a public offering of Class A Common Stock and borrowings from the Operating Company's revolving credit facility [2]. - Following the acquisition, Diamondback holds approximately 53.7% of Viper's outstanding voting common stock [2]. Group 2: Approval Process - The Drop Down was approved by Viper's audit committee and the full board of directors on January 30, 2025, and subsequently by a majority of the Company's stockholders at a special meeting held on May 1, 2025 [3]. - The stockholders also approved the Equity Issuance as required by Nasdaq rules during the same special meeting [3]. Group 3: Company Background - Viper Energy, Inc. is a corporation formed by Diamondback to own, acquire, and exploit oil and natural gas properties in North America, focusing on mineral and royalty interests primarily in the Permian Basin [4]. - Diamondback Energy, Inc. is an independent oil and natural gas company headquartered in Midland, Texas, concentrating on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin [5].

Form 8-K Current Report [Item 2.02 Results of Operations and Financial Condition](index=3&type=section&id=Item%202.02.%20Results%20of%20Operations%20and%20Financial%20Condition.) Viper Energy, Inc. announced first-quarter 2025 financial and operational results, including production, prices, hedging, and share repurchases - Viper Energy issued a press release updating **Q1 2025** financial and operational results[4](index=4&type=chunk) - Key metrics included **average daily production**, **realized prices**, **hedging gains**, and **common stock repurchases**[4](index=4&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=3&type=section&id=Item%209.01.%20Financial%20Statements%20and%20Exhibits.) This section details the exhibits filed with the Form 8-K, primarily the press release on Q1 2025 financial and operating updates Exhibits Filed | Exhibit Number | Description | | :--- | :--- | | 99.1 | Press release dated April 16, 2025, entitled "Viper Energy, Inc. Provides Financial and Operating Update for the First Quarter of 2025." | | 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |

Group 1 - Viper Energy (VNOM) is a fast-growing subsidiary of Diamondback Energy (FANG) and continues to show growth trends despite market fluctuations [2] - The oil and gas industry is characterized as a boom-bust, cyclical sector, requiring patience and experience for successful investment [2] - The analysis provided in the article focuses on identifying undervalued companies within the oil and gas sector, including balance sheet evaluations and competitive positioning [1] Group 2 - The article emphasizes the importance of thorough research and analysis for investors in the oil and gas industry, suggesting that members of Oil & Gas Value Research receive exclusive insights [1] - The author has a beneficial long position in VNOM and FANG, indicating a personal investment interest in these companies [3]

Investors looking for stocks in the Oil and Gas - Exploration and Production - United States sector might want to consider either Range Resources (RRC) or Viper Energy Partners (VNOM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revisio ...

Company Overview - Viper Energy Partners (VNOM) shares have increased by approximately 0.3% since the last earnings report, outperforming the S&P 500 [1] - The most recent earnings report is essential for understanding the catalysts affecting the stock [1] Earnings Estimates - Estimates for Viper Energy have trended downward over the past month, indicating a negative outlook [2][4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting an expectation of an in-line return in the coming months [4] VGM Scores - Viper Energy has a poor Growth Score of F, a Momentum Score of F, and a Value Score of F, placing it in the fifth quintile for investment strategy [3] - The aggregate VGM Score for Viper Energy is F, which is significant for investors not focused on a single strategy [3] Industry Comparison - Viper Energy is part of the Zacks Oil and Gas - Exploration and Production - United States industry [5] - Comstock Resources (CRK), another player in the same industry, has seen a 9.2% increase in shares over the past month [5] - Comstock reported revenues of $366.51 million for the last quarter, reflecting a year-over-year decline of 10.7% [6] - Comstock's expected earnings for the current quarter are $0.14 per share, indicating a significant year-over-year increase of 566.7% [6] - Comstock has a Zacks Rank 1 (Strong Buy) and a VGM Score of D, contrasting with Viper Energy's performance [7]

Core Viewpoint - Economic uncertainty and tariff wars are causing stock market volatility, but dividend-paying stocks can provide stability for investors [1] Group 1: Vitesse Energy (VTS) - Vitesse Energy is an energy company that primarily holds financial interests in oil and gas wells operated by leading U.S. operators [3] - The company recently acquired Lucero Energy, which is expected to enhance dividends and provide liquidity for further acquisitions [3][6] - Vitesse announced a quarterly dividend of $0.5625 per share for Q4, marking a 7% increase from the previous quarter, with a dividend yield of 9.3% [4] - Jefferies analyst Lloyd Byrne reiterated a buy rating on VTS with a price target of $33, noting that Q4 EBITDA slightly missed consensus estimates due to lower production and acquisition costs [5] - The Lucero acquisition is seen positively as it adds to Vitesse's production and inventory, providing about 10 years of operational life [7] Group 2: Viper Energy (VNOM) - Viper Energy, a subsidiary of Diamondback Energy, focuses on owning and acquiring mineral and royalty interests in oil-weighted basins, particularly the Permian Basin [9] - The company announced a total capital return of 65 cents per share for Q4 2024, representing 75% of the cash available for distribution [10] - JPMorgan analyst Arun Jayaram maintained a buy rating on VNOM but lowered the price target to $51, citing factors like natural gas demand and potential oil price declines [11] - Viper's policy of returning about 75% of distributable cash flow to shareholders through dividends and buybacks is highlighted as a unique aspect of the company [13] Group 3: ConocoPhillips (COP) - ConocoPhillips announced a dividend of 78 cents per share for Q1 2025, with a dividend yield of 3.1% [15] - Analyst Jayaram reaffirmed a buy rating on COP but reduced the price target to $115, reflecting concerns over potential oil price declines [15] - The company has executed multiple counter-cyclical transactions since its 2016 strategy reset, enhancing its cost structure and inventory durability [16] - ConocoPhillips is expected to be one of the few companies in JPMorgan's coverage that could increase cash returns in 2025, including $6 billion in stock buybacks [18]