Viper Energy Inc reports results for the quarter ended in September 30 - Earnings Summary

Viper Energy

05/11/2024 07:55

* Viper Energy Inc  VNOM.OQ  reported quarterly adjusted
earnings
of 49 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of $1.10.  The mean expectation of eleven analysts for the
quarter was for earnings of 47 cents per share. Wall Street
expected results to range from 19 cents to 63 cents per share.
    * Revenue fell 28.5% to $209.59 million from a year ago;
analysts
expected $209.94 million. 
    * Viper Energy Inc's reported EPS for the quarter was 52
cents​.
    * The company reported quarterly net income of $48.92
million.
    * Viper Energy Inc shares had risen by 17.4% this
quarter and
gained 68.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"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 $57.00 
This summary was machine generated from LSEG data November 5 at
07:55 a.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
 Sep. 30 2024      0.47           0.49           Beat
 Jun. 30 2024      0.56           0.61           Beat
 Mar. 31 2024      0.44           0.52           Beat
 Dec. 31 2023      0.57           0.67           Beat