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Viper Energy (VNOM)
NASDAQ:VNOM
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Earnings Data
Report Date
Feb 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.44Last Year’s EPS
0.67Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: -2.64%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted Viper Energy's achievements in organic growth, strategic acquisitions, and market recognition, reflecting a strong execution of strategy. However, challenges related to increased leverage and funding complexity for the Endeavor drop-down were noted. Overall, the highlights significantly outweigh the lowlights, indicating a positive outlook.Company Guidance
During Viper Energy's Q3 2024 earnings call, the company provided a comprehensive outlook on its operations and strategic initiatives. The guidance highlighted a strong operational performance, with a focus on organic production growth and the successful integration of the Tumble Wheat acquisition. Viper projected a fourth-quarter production guidance of 29.5 thousand barrels of oil equivalent per day, supported by a robust inventory of 81 gross paying wells with a 5.1% royalty interest and 249 wells with a 1.1% interest. The company's strategy emphasized consolidating high-quality mineral and royalty assets, underscored by the merger with Endeavor, which enhanced operational alignment. Viper's commitment to shareholder returns was evident in its policy of distributing 75% of available cash, with a notable one-off increase to 83% in Q3 to accommodate the Tumble Wheat shares. The call also touched on the anticipated drop-down of Endeavor's mineral assets, with plans to manage leverage prudently while maintaining strategic flexibility for future acquisitions. Viper's recent inclusion in the S&P MidCap 400 and the Russell 1000 indices were highlighted as milestones, reflecting the company's growth trajectory and market presence.Organic Production Growth and Strategic Acquisition
Continued organic production growth on legacy assets and the closing of the Tumble Wheat acquisition, enhancing the company's asset base and strategy execution.
Inclusion in Major Indices
Viper Energy was added to the S&P MidCap 400 in September and the Russell 1000 during the second quarter, indicating strong market presence and execution of strategy.
Increased Shareholder Returns
Decision to pay out 83% of cash available for distribution in Q3, which is higher than the 75% minimum commitment, to reward shareholders.
Strong Future Activity and Growth
Significant step-up in work-in-progress and line-of-sight wells, indicating robust future growth, particularly following the Tumble Wheat acquisition.
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VNOM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VNOM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $52.32 | $52.02 | -0.57% |
| Aug 05, 2024 | $38.28 | $42.00 | +9.72% |
| Apr 30, 2024 | $36.61 | $35.62 | -2.70% |
| Feb 20, 2024 | $33.24 | $33.75 | +1.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Viper Energy (VNOM) report earnings?
Viper Energy (VNOM) is schdueled to report earning on Feb 24, 2025, TBA Not Confirmed.
What is Viper Energy (VNOM) earnings time?
Viper Energy (VNOM) earnings time is at Feb 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VNOM EPS forecast?
VNOM EPS forecast for the fiscal quarter 2024 (Q4) is 0.44.
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