Viper Energy Q1 2024 net income $43.4M, production 25,407 bo/d; sells non-Permian assets for $90.3M

VNOM Sub, Inc.

2024-Q1 EPS reported $0.49 revenue$205,392,000

Q1 2024 net income attributable to Viper of $43.4M ($0.49 per share); cash available for distribution $72.1M ($0.79/share).
Declared base dividend $0.27/share and variable dividend $0.32/share, total $0.59/share payable May 22, 2024.
Signed agreement to sell non-Permian assets for ~$90.3M cash; expected close May 1, 2024; current production ~450 bo/d.
Q2 2024 production guidance 26,000-26,500 bo/d; full year 2024 guidance narrowed to 25,750-26,750 bo/d.
Average unhedged realized price was $76.61/bbl oil; total equivalent $48.85/boe.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VNOM Sub, Inc. reported the first quarter ended March 31, 2024 results: net income $99.6 million, EPS $0.49 per common share. Guidance initiated.

Period: the first quarter ended March 31, 2024
Net income: $99.6 million
EPS: $0.49 per common share
Guidance: initiated
Result: reported results

Exact text from the filing

Q1 2024 consolidated net income (including non-controlling interest) of $99.6 million; net income attributable to Viper Energy, Inc. of $43.4 million, or $0.49 per common share

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Source: SEC EDGAR

accession 0001602065-24-000024

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