VNOM - Viper Energy Non-GAAP EPS of $0.28 beats by $0.02 revenue of $203.6M beats by $22.17M
- Viper Energy press release ( NASDAQ: VNOM ): Q4 Non-GAAP EPS of $0.28 beats by $0.02 .
- Revenue of $203.6M (+22.8% Y/Y) beats by $22.17M .
- Q4 2022 average production of 19,978 bo/d (34,935 boe/d), an increase of 1% from Q3 2022 and 9% year over year; highest in Company history
- Q4 2022 variable cash distribution of $0.24 per common unit; total base-plus-variable distribution of $0.49 per common unit implies a 6.5% annualized yield based on the February 17, 2023 unit closing price of $30.03
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2023 OUTLOOK
- Initiating average daily production guidance for the first half of 2023 of 19,750 to 20,750 bo/d (34,000 to 35,750 boe/d)
- Initiating full year 2023 average daily production guidance of 20,000 to 22,000 bo/d (34,500 to 38,000 boe/d), the midpoint of which implies 8% year over year growth
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Viper Energy Non-GAAP EPS of $0.28 beats by $0.02, revenue of $203.6M beats by $22.17M