VNOM - Viper Energy Non-GAAP EPS of $0.23 misses by $0.06 revenue of $201.9M beats by $27.27M

Viper Energy press release (NASDAQ:VNOM): Q1 Non-GAAP EPS of $0.23 misses by $0.06. Revenue of $201.9M (+108.2% Y/Y) beats by $27.27M. Q1 2022 cash distribution of $0.67 per common unit, representing approximately 70% of total cash available for distribution of $0.96 per common unit; $0.67 distribution is up 43% quarter over quarter and implies a 9.3% annualized yield based on the April 29, 2022 unit closing price of $28.73. Repurchased 1.6 million common units in Q1 2022 for an aggregate of $39.3 million. Increasing full year 2022 average daily production guidance to 18,000 to 19,250 bo/d (30,500 to 32,750 boe/d), an increase of 1.4% at the midpoint. Due to the increase in commodity prices, Viper is adding guidance for expected cash taxes payable by Viper for 2022 at 10% - 15% of pre-tax income attributable to Viper Energy Partners LP.

For further details see:

Viper Energy Non-GAAP EPS of $0.23 misses by $0.06, revenue of $201.9M beats by $27.27M