VIPER ENERGY PARTNERS LP Posts Substantial Year-Over-Year Growth

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VIPER ENERGY PARTNERS LP ($NASDAQ:VNOM) is a publicly traded partnership that owns, acquires, and exploits oil and natural gas properties in North America. The company is headquartered in Houston, Texas. On Monday, November 7, 2022, Viper Energy Partners LP announced its third quarter 2022 earnings results. The company posted substantial year-over-year growth, beating the expectations of its analysts in terms of both revenues and earnings.

The price of crude oil was significantly higher than a year ago, which might be expected given the company’s strong performance. Viper Energy Partners has proved to be a reliable investment during these difficult economic times, posting impressive results despite the challenges posed by the pandemic. The company’s strong performance is a testament to its experienced management team and its disciplined approach to business.

Earnings

VIPER ENERGY PARTNERS LP has posted substantial year-over-year growth in its latest earnings report. For the fiscal year 2022, quarter 3 (ending September 30), VIPER ENERGY PARTNERS LP earned 828.0 million USD in total revenue, and net income of 169.4 million USD. This represents a 64.2% increase in total revenue and a 192.6% increase in net income compared to the previous year.

This growth is even more impressive when considering that VIPER ENERGY PARTNERS LP’s total revenue has grown from 249.6 million USD to 828.0 million USD in just the last three years. This is a clear indication that VIPER ENERGY PARTNERS LP is a company on the rise, with strong growth prospects for the future.

About the Company

Stock Price

On Tuesday, VIPER ENERGY PARTNERS LP stock opened at $33.3 and closed at $33.4, up by 0.5% from prior closing price of 33.2. The company’s strong performance and positive media coverage are likely to continue to drive the stock price higher in the near term. Live Quote…

VI Analysis

VIPER ENERGY PARTNERS LP is a publicly traded limited partnership that engages in the acquisition, exploitation, development, and production of oil and natural gas properties in North America. VIPER ENERGY PARTNERS LP is classified as a ‘cheetah’ company according to the VI Star Chart. This means that the company has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. Investors interested in such companies may be looking for high growth potential, but should be aware of the associated risks. The company has a strong dividend history and is considered a growth company. However, it is only medium in terms of asset management and profitability. VIPER ENERGY PARTNERS LP has a high health score of 7/10, indicating that it is a financially strong company that is capable of safely riding out any crisis without the risk of bankruptcy. More…

VI 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

Investing in Viper Energy Partners LP (VNOM) could be a good way to gain exposure to the growing oil and gas industry. The company has a strong presence in the Permian Basin, which is one of the most active areas for drilling and production in the United States. Viper also has a diversified portfolio of assets, including both oil and gas properties.

The company is headquartered in Houston, Texas and it is focused on acquiring, developing, and operating oil and gas properties in North America. The company’s properties are located in the Permian Basin, which is located in west Texas and southeastern New Mexico.