Viper Energy Partners Lp Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 02, 2021 at 04:01 pm
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Viper Energy Partners LP announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 114.150 million compared to USD 32.669 million a year ago. Operating income was USD 79.858 million compared to USD 5.094 million a year ago. Net income was USD 4.662 million compared to net loss of USD 21.752 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.32 a year ago. For the half year, total revenue was USD 211.126 million compared to USD 111.361 million a year ago. Operating income was USD 143.078 million compared to USD 50.331 million a year ago. Net income was USD 1.642 million compared to net loss of USD 163.921 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 2.42 a year ago.
Viper Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. The Company is primarily focused on oil and natural gas properties primarily in the Permian Basin, which consists of approximately 75,000 square miles centered around Midland, Texas. The Companyâs assets consist of mineral interests and royalty interests underlying 1,197,638 gross acres and 34,217 net royalty acres primarily in the Permian Basin. Its estimated proved oil and natural gas reserves totaled 179,249 thousand barrels of crude oil equivalent (MBOE). The Company's proved undeveloped reserves include approximately 529 gross horizontal well locations. The Companyâs proved reserves include approximately 50% oil, 25% natural gas liquids and 25% natural gas.