Viper Energy Inc reports results for the quarter ended in March - Earnings Summary

Viper Energy

30/04/2024 22:54

* Viper Energy Inc  VNOM.OQ  reported quarterly adjusted
earnings
of 67 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 53 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 44 cents per share. Wall Street
expected results to range from 10 cents to 58 cents per share.
    * Revenue rose 21.6% to $205.39 million from a year ago;
analysts
expected $200.85 million. 
    * Viper Energy Inc's reported EPS for the quarter was 49
cents​.
    * The company reported quarterly net income of $43.36
million.
    * Viper Energy Inc shares had risen by 2.9% this quarter and
gained 26.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Viper Energy Inc
is $41.50 
This summary was machine generated from LSEG data April 30 at
09:54 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.44           0.67           Beat
 Dec. 31 2023      0.57           0.67           Beat
 Sep. 30 2023      0.54           1.10           Beat
 Jun. 30 2023      0.38           0.47           Beat