VIPER ENERGY PARTNERS LP Reports Earnings Results for FY2023 Q2 Ending June 30 2023
August 5, 2023
☀️Earnings Overview
For FY2023 Q2, VIPER ENERGY PARTNERS LP ($NASDAQ:VNOM) reported total revenue of USD 160.6 million, a 32.8% decrease from the same quarter last year. Furthermore, their net income for the period was USD 30.6 million, a 10.2% decline year-over-year. The earnings results were released on July 31 2023 for the quarter ending June 30 2023.
Price History
On Monday, VIPER ENERGY PARTNERS LP (ticker VNOM) reported its earnings results for the second quarter of FY2023 which ended on June 30th 2023. The company released its financial results after the market closed and the information received a positive response from investors as it exceeded analysts’ expectations. VIPER ENERGY PARTNERS LP stock opened at $26.9 and closed at $27.1, representing an increase of 1.8% from its prior closing price of 26.6. Overall, investors welcomed the news with enthusiasm as it demonstrated that the company was performing well despite challenging market conditions.
The company also reported that its cash flow from operations increased by 3% while its adjusted EBITDA was up 8% from the same period in FY2022. Overall, VIPER ENERGY PARTNERS LP’s strong Q2 results demonstrate that they are well prepared to face the challenges of a volatile market and continue to deliver strong returns for shareholders in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for VNOM. More…
| Total Revenues | Net Income | Net Margin |
| 754 | 165.38 | 24.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for VNOM. More…
| Operations | Investing | Financing |
| 653.45 | -108.08 | -536.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for VNOM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.97k | 680.87 | 9.26 |
Key Ratios Snapshot
Some of the financial key ratios for VNOM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 40.0% | 54.3% | 71.9% |
| FCF Margin | ROE | ROA |
| 61.7% | 50.8% | 11.4% |
Analysis
At GoodWhale, we conducted an analysis of VIPER ENERGY PARTNERS LP’s fundamentals. Our Star Chart showed that the company is strong in terms of dividend and growth, while being medium in asset and profitability. Based on this data, we classified VIPER ENERGY PARTNERS LP as a ‘cheetah’ type of company, meaning that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be of interest to investors looking for higher returns and willing to take on a higher degree of risk. In terms of health score, VIPER ENERGY PARTNERS LP scored 8/10, indicating that it is capable of sustaining future operations in times of crisis, even with its existing cashflow and debt. More…
Peers
The oil and gas industry is a highly competitive market. There are many oil and gas companies that compete for market share. One of the most competitive markets is the market for oil and gas exploration and production. In this market, there are many companies that compete for market share. One of the most competitive companies in this market is Viper Energy Partners LP. The company is a publicly traded company that is listed on the New York Stock Exchange. The company has a market capitalization of $2.6 billion. The company operates in the oil and gas industry in the United States, Canada, and Mexico.
– Rubellite Energy Inc ($TSX:RBY)
Rubellite Energy Inc is a Canadian oil and gas company with a market cap of 153.23M as of 2022. The company is engaged in the exploration, development, and production of oil and gas properties in the Western Canada Sedimentary Basin.
– Basic Energy Corp ($PSE:BSC)
Basic Energy Corp. is a holding company, which engages in the provision of oilfield services. It operates through the following segments: Drilling Services, Well Services, and Manufacturing and Repair. The Drilling Services segment offers onshore drilling rigs and related services. The Well Services segment provides pressure pumping and other well services. The Manufacturing and Repair segment manufactures and repairs equipment used in oil and gas drilling, completion, and production operations. The company was founded on April 28, 1987 and is headquartered in Houston, TX.
– BPI Energy Holdings Inc ($OTCPK:BPIGF)
BPI Energy Holdings Inc is a publicly traded holding company that owns and operates businesses in the energy sector. The company has a market cap of 146.97k as of 2022 and a Return on Equity of -513.73%. BPI Energy Holdings Inc owns and operates businesses in the oil and gas, power generation, and renewable energy industries. The company’s businesses include exploration and production, power generation, and energy trading.
Summary
Investors looking to analyze VIPER ENERGY PARTNERS LP should consider their recent financial results for FY2023 Q2. The company reported total revenue of USD 160.6 million for the quarter, a decrease of 32.8% year-over-year. Net income for the quarter also declined 10.2% to USD 30.6 million.
These drops in revenue and income could indicate potential trouble for the company, but further analysis is needed to make an accurate assessment of their financial health. Investors should review their financials in comparison to other similar companies in the industry to make an informed decision.
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