While the top- and bottom-line numbers for Viper Energy (VNOM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Viper Energy (VNOM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Besides Wall Street's top -and-bottom-line estimates for Viper Energy (VNOM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Investors need to pay close attention to Viper Energy Inc. (VNOM) stock based on the movements in the options market lately.
Oil prices are rising, supported by strong demand and constrained supply. This makes energy exposure essential in an inflationary environment. Viper Energy's royalty-based model thrives on higher oil prices, offering up to a 7% yield with minimal risk or capital costs, backed by Diamondback Energy. With strategic acquisitions, efficient capital use, and inflation-resistant dividends, Viper Energy stands out as a top choice for income-focused investors.
Viper Energy (VNOM) reported earnings 30 days ago. What's next for the stock?
VNOM Q3 earnings gain year over year on higher oil equivalent production volumes, while revenues decline over lower realized commodity prices.
Viper Energy, Inc. (NASDAQ:VNOM ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Adam Lawlis - Vice President-Investor Relations Travis Stice - Chief Executive Officer Austen Gilfillian - Vice President Conference Call Participants Neal Dingmann - Truist Securities Betty Jiang - Barclays Leo Mariani - ROTH Operator Good day, and thank you for standing by. Welcome to the Viper Energy Third Quarter 2024 Earnings Conference Call.
Viper Energy (VNOM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Viper Energy, based in Midland, Texas, aggregates and manages royalty interests, unlike traditional oil and gas producers. Viper is a $9.7 billion market cap minerals company that is 40% owned by Diamondback Energy. At 2Q24 base plus variable dividend rates annualized, it is returning 5.0%, on par with Treasuries and higher than many equities.
Since the announcement of an acquisition agreement on Sept. 11, Viper Energy Inc.'s VNOM stock has experienced a slight decline of 0.6%.
Viper Energy (VNOM) reported earnings 30 days ago. What's next for the stock?