Viper Energy (VNOM) Tops Q4 EPS by 85c

Viper Energy (NASDAQ: VNOM) reported Q4 EPS of $1.07, $0.85 better than the analyst estimate of $0.22. Revenue for the quarter came in at $165.79 million versus the consensus estimate of $125.77 million.

GUIDANCE:

• Initiating average daily production guidance for the first half of 2022 of 17,750 to 18,500 bo/d (29,500 to 30,750 boe/d)
• Initiating full year 2022 average production guidance of 17,750 to 19,000 bo/d (29,500 to 31,500 boe/d)
• As of February 8, 2022, there were approximately 618 gross horizontal wells in the process of active development on Viper’s acreage, in which Viper expects to own an average 1.7% net royalty interest (10.6 net 100% royalty interest wells)
• Approximately 563 gross (11.6 net 100% royalty interest) line-of-sight wells that are not currently in the process of active development, but for which Viper has visibility to the potential of future development in coming quarters, based on Diamondback’s current completion schedule and third party operators’ permits
• Approximately 90% of distributions paid in 2022 are expected to be reasonably estimated to constitute non-taxable reductions to the tax basis, and not dividends, for U.S. federal income tax purposes

For earnings history and earnings-related data on Viper Energy (VNOM) click here.

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