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General information

Country: UNITED STATES

Sector: Oil and Gas Midstream

Viper Energy Partners LP owns, acquires, exploits, and develops oil and natural gas properties in North America.
Website: viperenergy.com


  • Good financial results growth rate 154.8% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (68.0%)
  • Dividend yield for the last twelve months 4.5%
  • Free cash flow yield 7.4% (LTM)
  • Share price is 145.8% higher than minimum and 2.1% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (13.9x vs 12.8x)
  • Fundamental value created in LTM (estimate)
  • For the last 3 months insiders sold company shares on $451.3 mln (-17.491% of cap.)

Key Financials (Download financials)

Ticker: VNOM
Share price, USD:  (-1.1%)39.95
year average price 30.02  


year start price 29.74 2023-04-18

min close price 24.86 2023-06-16

max close price 40.80 2024-04-11

current price 39.95 2024-04-16
Common stocks: 75 612 000

Dividend Yield:  4.5%
FCF Yield LTM: 7.4%
EV / LTM EBITDA: 13.9x
EV / EBITDA annualized: 11.4x
Last revenue growth (y/y):  109.6%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  51.9%
Historical growth of EBITDA:  84.1%
EV / Sales: 5.1x
Margin (EBITDA LTM / Revenue): 36.5%

Target EV / EBITDA (hist percentile): 12.8x
Express share price potential:
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 3 055
Net Debt ($m): 670
EV (Enterprise Value): 3 725
EBITDA LTM (млн $): 268
EV / LTM EBITDA: 13.9x
Price to Book: 3.0x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / EBITDA

Potential dynamics

News


2024-04-13Seeking Alpha

Viper Energy: Upside Exposure To Oil Prices Should Boost Its 2024 Dividend

2024-03-21Zacks Investment Research

Why Is Viper Energy (VNOM) Up 4.3% Since Last Earnings Report?

2024-02-21Seeking Alpha

Viper Energy Partners LP (VNOM) Q4 2023 Earnings Call Transcript

2024-02-21Zacks Investment Research

Viper Energy (VNOM) Tops on Q4 Earnings, Expects '24 Output Hike

2024-02-20Zacks Investment Research

Viper Energy (VNOM) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

2024-01-29Seeking Alpha

Viper Energy: Increased Potential For Lease Bonus Payments

2023-11-14Zacks Investment Research

Can Viper Energy (VNOM) Run Higher on Rising Earnings Estimates?

2023-11-07Seeking Alpha

Viper Energy Partners LP (VNOM) Q3 2023 Earnings Call Transcript

2023-11-06Zacks Investment Research

Viper Energy (VNOM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

2023-10-22Seeking Alpha

Viper Energy Partners: Growing By Acquisition
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol VNOM VNOM VNOM VNOM VNOM VNOM
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-22 2023-11-08 2023-08-03 2023-05-03 2023-02-23 2022-11-08
acceptedDate 2024-02-22 16:02:40 2023-11-08 16:02:49 2023-08-03 16:07:07 2023-05-03 16:05:13 2023-02-23 16:09:45 2022-11-08 16:07:02
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 205M 293M 161M 169M 203M 221M
costOfRevenue 57M 49M 47M 44M 42M 46M
grossProfit 147M 244M 114M 125M 161M 175M
grossProfitRatio 0.719 0.834 0.709 0.740 0.793 0.792
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 4M 2M 2M 3M 3M 2M
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 4M 2M 2M 3M 3M 2M
otherExpenses 972 000 489 000 172 000 -402 000 -194 000 -211 000
operatingExpenses 4M 2M 2M 2M 2M 2M
costAndExpenses 62M 50M 49M 46M 44M 48M
interestIncome 0 11M 0 0 0 0
interestExpense 17M 11M 11M 10M 10M 11M
depreciationAndAmortization 45M 36M 34M 31M 31M 30M
ebitda 189M 280M 146M 153M 190M 74M
ebitdaratio 0.923 0.954 0.911 0.910 0.936 0.335
operatingIncome 143M 243M 112M 122M 159M 173M
operatingIncomeRatio 0.699 0.829 0.698 0.726 0.782 0.783
totalOtherIncomeExpensesNet 6M -2M -12M -25M -9M -10M
incomeBeforeTax 132M 229M 88M 98M 150M 164M
incomeBeforeTaxRatio 0.646 0.782 0.550 0.579 0.738 0.739
incomeTaxExpense 6M 22M 8M 9M 5M -46M
netIncome 57M 79M 30M 88M 145M 79M
netIncomeRatio 0.278 0.268 0.190 0.524 0.714 0.358
eps 0.700 1.110 0.420 1.210 1.970 1.060
epsdiluted 0.700 1.110 0.420 1.210 1.970 1.060
weightedAverageShsOut 81M 71M 72M 73M 74M 75M
weightedAverageShsOutDil 81M 71M 72M 73M 74M 75M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol VNOM VNOM VNOM VNOM VNOM VNOM
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-22 2023-11-08 2023-08-03 2023-05-03 2023-02-23 2022-11-08
acceptedDate 2024-02-22 16:02:40 2023-11-08 16:02:49 2023-08-03 16:07:07 2023-05-03 16:05:13 2023-02-23 16:09:45 2022-11-08 16:07:02
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 26M 147M 13M 9M 18M 12M
shortTermInvestments 0 0 0 0 0 0
cashAndShortTermInvestments 26M 147M 13M 9M 18M 12M
netReceivables 113M 111M 85M 119M 88M 104M
inventory 358 000 0 0 1M 9M 0
otherCurrentAssets 4M 4M 8M 3M 3M 8M
totalCurrentAssets 144M 262M 106M 133M 119M 124M
propertyPlantEquipmentNet 3 768M 2 777M 2 811M 2 837M 2 750M 2 811M
goodwill 0 0 0 0 0 0
intangibleAssets 0 0 0 0 0 0
goodwillAndIntangibleAssets -92 000 -50M 0 0 0 0
longTermInvestments 92 000 50M 0 0 0 0
taxAssets 57M 49M 49M 49M 50M 50M
otherNonCurrentAssets 6M 56M 1M 170 000 2M 1M
totalNonCurrentAssets 3 831M 2 881M 2 861M 2 886M 2 802M 2 861M
otherAssets 0 0 0 0 0 0
totalAssets 3 974M 3 143M 2 967M 3 020M 2 920M 2 986M
accountPayables 19 000 197 000 19 000 436 000 1M 17 000
shortTermDebt 0 0 0 0 0 0
taxPayables 15M 13M 2M 9M 911 000 11M
deferredRevenue 0 0 0 0 50M 0
otherCurrentLiabilities 33M 47M 28M 29M -29M 14M
totalCurrentLiabilities 33M 47M 28M 30M 22M 25M
longTermDebt 1 083M 676M 649M 695M 577M 670M
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0
otherNonCurrentLiabilities 201 000 2M 3M 2M 7000.000 125 000
totalNonCurrentLiabilities 1 083M 677M 653M 698M 577M 670M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 0 0 0 0 0 0
totalLiabilities 1 117M 725M 681M 727M 599M 695M
preferredStock 0 589 000 0 0 0 0
commonStock 0 713M 0 0 0 0
retainedEarnings -17M 0 0 0 569M 0
accumulatedOtherComprehensiveIncomeLoss 0 0 0 0 0 0
othertotalStockholdersEquity 1 031M 0 667M 668M 122M 0
totalStockholdersEquity 1 014M 714M 667M 668M 691M 0
totalEquity 2 858M 2 419M 2 286M 2 292M 691M 0
totalLiabilitiesAndStockholdersEquity 3 974M 725M 2 967M 3 020M 2 230M 695M
minorityInterest 1 843M 1 705M 1 619M 1 625M 1 631M 0
totalLiabilitiesAndTotalEquity 3 974M 725M 2 967M 3 020M 2 230M 695M
totalInvestments 92 000 50M 0 0 0 0
totalDebt 1 083M 676M 649M 695M 577M 670M
netDebt 1 057M 529M 636M 686M 559M 658M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol VNOM VNOM VNOM VNOM VNOM VNOM
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-22 2023-11-08 2023-08-03 2023-05-03 2023-02-23 2022-11-08
acceptedDate 2024-02-22 16:02:40 2023-11-08 16:02:49 2023-08-03 16:07:07 2023-05-03 16:05:13 2023-02-23 16:09:45 2022-11-08 16:07:02
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 126M 207M 80M 88M 145M 210M
depreciationAndAmortization 45M 36M 0 31M 31M 0
deferredIncomeTax -8M 355 000 103 000 429 000 50M -50M
stockBasedCompensation -45M -36M 0 -31M -31M 0
changeInWorkingCapital -10M -4M 22M -26M 15M 33M
accountsReceivables -1M -26M 0 -31M 17M 29M
inventory 1M 26M 0 0 0 0
accountsPayables 3M 7M -49 000 -3M -3M 0
otherWorkingCapital -14M -11M 22M 8M 1M -5M
otherNonCashItems 38M 36M 43M 45M -23M 21M
netCashProvidedByOperatingActivities 146M 240M 145M 107M 187M 214M
investmentsInPropertyPlantAndEquipment -732M -52M -8M -116M -25M -40M
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0
otherInvestingActivites 0 0 0 -708 000 53M 29M
netCashUsedForInvestingActivites -732M -52M -8M -117M 28M -12M
debtRepayment -300M -43M -119M 0 -136M -90M
commonStockIssued 913M 69M 73M 0 0 0
commonStockRepurchased -28M -10M -25M -33M -32M -51M
dividendsPaid -113M -66M -24M -85M -83M -140M
otherFinancingActivites -7M -5M -40M 118M 43M 85M
netCashUsedProvidedByFinancingActivities 465M -54M -134M 267 000 -208M -195M
effectOfForexChangesOnCash 0 0 0 0 0 0
netChangeInCash -121M 134M 4M -9M 7M 7M
cashAtEndOfPeriod 26M 147M 13M 9M 18M 12M
cashAtBeginningOfPeriod 147M 13M 9M 18M 12M 4M
operatingCashFlow 146M 240M 145M 107M 187M 214M
capitalExpenditure -732M -52M -8M -116M -25M -40M
freeCashFlow -586M 187M 138M -9M 162M 176M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

2023 q4
2024-02-21 ET (fiscal 2023 q4)
2023 q3
2023-11-07 ET (fiscal 2023 q3)
2023 q2
2023-08-01 ET (fiscal 2023 q2)
2023 q1
2023-05-02 ET (fiscal 2023 q1)
2022 q4
2023-02-22 ET (fiscal 2022 q4)
2022 q3
2022-11-08 ET (fiscal 2022 q3)
2022 q2
2022-08-02 ET (fiscal 2022 q2)
2022 q1
2022-05-03 ET (fiscal 2022 q1)

SEC forms

Show financial reports only

SEC form 10
2024-02-22 00:00 ET
Viper Energy Partners published news for 2023 q4
SEC form 8
2024-02-20 16:20 ET
Viper Energy Partners published news for 2023 q4
SEC form 8
2024-02-20 16:20 ET
Viper Energy Partners reported for 2023 q4
SEC form 10
2023-11-08 00:00 ET
Viper Energy Partners reported for 2023 q3
SEC form 8
2023-11-06 16:02 ET
Viper Energy Partners reported for 2023 q3
SEC form 8
2023-10-12 00:00 ET
Viper Energy Partners published news for 2023 q3
SEC form 10
2023-08-03 00:00 ET
Viper Energy Partners reported for 2023 q2
SEC form 6
2023-08-01 16:01 ET
Viper Energy Partners published news for 2023 q2
SEC form 6
2023-07-31 16:07 ET
Viper Energy Partners reported for 2023 q2
SEC form 8
2023-07-31 00:00 ET
Viper Energy Partners reported for 2023 q2
SEC form 6
2023-06-06 16:03 ET
Viper Energy Partners published news for 2023 q1
SEC form 10
2023-05-03 00:00 ET
Viper Energy Partners reported for 2023 q1
SEC form 8
2023-05-01 00:00 ET
Viper Energy Partners reported for 2023 q1
SEC form 6
2023-04-06 16:21 ET
Viper Energy Partners published news for 2023 q1
SEC form 6
2023-03-30 16:52 ET
Viper Energy Partners published news for 2022 q4
SEC form 10
2023-02-23 16:09 ET
Viper Energy Partners reported for 2022 q4
SEC form 10
2023-02-23 00:00 ET
Viper Energy Partners reported for 2022 q4
SEC form 6
2023-02-21 16:06 ET
Viper Energy Partners reported for 2022 q4
SEC form 8
2023-02-21 00:00 ET
Viper Energy Partners reported for 2022 q4
SEC form 6
2022-12-15 16:05 ET
Viper Energy Partners published news for 2022 q3
SEC form 10
2022-11-08 16:07 ET
Viper Energy Partners reported for 2022 q3
SEC form 10
2022-11-08 00:00 ET
Viper Energy Partners reported for 2022 q3
SEC form 6
2022-11-07 16:07 ET
Viper Energy Partners reported for 2022 q3
SEC form 8
2022-11-07 00:00 ET
Viper Energy Partners reported for 2022 q3
SEC form 10
2022-08-03 16:13 ET
Viper Energy Partners reported for 2022 q2
SEC form 10
2022-08-03 00:00 ET
Viper Energy Partners reported for 2022 q2
SEC form 6
2022-08-01 16:12 ET
Viper Energy Partners published news for 2022 q2
SEC form 8
2022-08-01 00:00 ET
Viper Energy Partners reported for 2022 q2
SEC form 10
2022-05-05 16:02 ET
Viper Energy Partners reported for 2022 q1
SEC form 10
2022-05-05 00:00 ET
Viper Energy Partners reported for 2022 q1
SEC form 6
2022-05-02 16:12 ET
Viper Energy Partners published news for 2022 q1
SEC form 8
2022-05-02 00:00 ET
Viper Energy Partners reported for 2022 q1
SEC form 6
2022-04-14 16:18 ET
Viper Energy Partners published news for 2022 q1
SEC form 6
2022-04-14 16:12 ET
Viper Energy Partners published news for 2022 q1
SEC form 10
2022-02-24 17:26 ET
Viper Energy Partners published news for 2021 q4
SEC form 10
2022-02-24 00:00 ET
Viper Energy Partners published news for 2021 q4
SEC form 6
2022-02-22 16:12 ET
Viper Energy Partners published news for 2021 q4
SEC form 8
2022-02-22 00:00 ET
Viper Energy Partners published news for 2021 q4
SEC form 6
2021-12-28 16:20 ET
Viper Energy Partners published news for 2021 q3
SEC form 6
2021-12-15 16:23 ET
Viper Energy Partners published news for 2021 q3
SEC form 6
2021-11-30 16:28 ET
Viper Energy Partners published news for 2021 q3
SEC form 6
2021-11-18 16:07 ET
Viper Energy Partners published news for 2021 q3
SEC form 10
2021-11-04 16:04 ET
Viper Energy Partners published news for 2021 q3
SEC form 10
2021-11-04 00:00 ET
Viper Energy Partners published news for 2021 q3
SEC form 6
2021-11-01 16:13 ET
Viper Energy Partners published news for 2021 q3
SEC form 8
2021-11-01 00:00 ET
Viper Energy Partners published news for 2021 q3
SEC form 6
2021-10-07 16:02 ET
Viper Energy Partners published news for 2021 q3
SEC form 6
2021-08-12 16:05 ET
Viper Energy Partners published news for 2021 q2
SEC form 10
2021-08-03 16:22 ET
Viper Energy Partners published news for 2021 q2
SEC form 10
2021-08-03 00:00 ET
Viper Energy Partners published news for 2021 q2
SEC form 6
2021-08-02 16:11 ET
Viper Energy Partners published news for 2021 q2
SEC form 8
2021-08-02 00:00 ET
Viper Energy Partners published news for 2021 q2
SEC form 6
2021-06-08 16:05 ET
Viper Energy Partners published news for 2021 q1
SEC form 10
2021-05-05 16:06 ET
Viper Energy Partners published news for 2021 q1
SEC form 10
2021-05-05 00:00 ET
Viper Energy Partners published news for 2021 q1
SEC form 6
2021-05-03 16:10 ET
Viper Energy Partners published news for 2021 q1
SEC form 8
2021-05-03 00:00 ET
Viper Energy Partners published news for 2021 q1
SEC form 6
2021-04-16 16:11 ET
Viper Energy Partners published news for 2021 q1
SEC form 8
2021-04-16 00:00 ET
Viper Energy Partners published news for 2021 q1
SEC form 10
2021-02-25 16:21 ET
Viper Energy Partners published news for 2020 q4
SEC form 6
2021-02-22 16:18 ET
Viper Energy Partners published news for 2020 q4
SEC form 6
2020-11-12 16:08 ET
Viper Energy Partners published news for 2020 q3
SEC form 10
2020-11-05 16:15 ET
Viper Energy Partners published news for 2020 q3
SEC form 6
2020-11-02 16:15 ET
Viper Energy Partners published news for 2020 q3