Viper Energy: Fourth Quarter Earnings Overview

Viper Energy Partners Reports Fourth-Quarter Loss

Viper Energy Partners LP, headquartered in Midland, Texas, announced on Monday that it recorded a net loss of $103 million for the fourth quarter.

The company reported a loss of 61 cents per share for the quarter. However, after adjusting for one-time expenses, earnings stood at 31 cents per share.

These adjusted earnings surpassed analysts’ expectations, as a consensus of 10 analysts polled by Zacks Investment Research had projected earnings of 27 cents per share.

During the same period, Viper Energy Partners generated $435 million in revenue, exceeding the $426.5 million anticipated by eight analysts surveyed by Zacks.

Looking at the full year, the company posted a total loss of $68 million, or 48 cents per share, with annual revenue reaching $1.4 billion.

This article was produced by Automated Insights using financial data from Zacks Investment Research.