TPL - Viper Energy: The CEO Challenges You To Find A Better Investment Vehicle
On February 05, 2019, Viper Energy Partners LP (VNOM) announced financial and operating results for the 4Q2018 (see here). On February 15, 2018, it released the form 10-K for 2018 (see here).
Below, I review Viper's financial and operating results, hoping to come up with an outlook as to its performance in the months ahead in 2019.
Net royalty acres
During the 4Q2018, Viper acquired 933 net royalty acres (aka, NRAs) for an aggregate purchase price of approximately $104 million, using cash on hand and borrowings under its revolving credit facility,