Viper Energy Q4 2021 Earnings Report
Key Takeaways
Viper Energy Partners LP reported a strong fourth quarter in 2021, marked by record cash available for distribution of $0.67 per common unit. Production outperformed expectations due to the Swallowtail acquisition and Diamondback's focus on Viper's acreage. The company also repurchased 574,200 common units for $12.4 million during the quarter.
Q4 2021 average production of 18,370 bo/d (31,359 boe/d).
Net income (including non-controlling interest) of $117.0 million; net income attributable to Viper Energy Partners LP of $39.5 million, or $0.50 per common unit.
Q4 2021 cash distribution of $0.47 per common unit, representing approximately 70% of total cash available for distribution.
Repurchased 574,200 common units in Q4 2021 for an aggregate of $12.4 million.
Viper Energy
Viper Energy
Viper Energy Revenue by Segment
Forward Guidance
Viper Energy Partners provided guidance for Q1/Q2 2022 and full year 2022 net production.
Positive Outlook
- Q1 2022 / Q2 2022 Net Production - MBo/d: 17.75 - 18.50
- Q1 2022 / Q2 2022 Net Production - MBoe/d: 29.50 - 30.75
- Full Year 2022 Net Production - MBo/d: 17.75 - 19.00
- Full Year 2022 Net Production - MBoe/d: 29.50 - 31.50
- Approximately 90% of distributions paid in 2022 are expected to be reasonably estimated to constitute non-taxable reductions to the tax basis, and not dividends, for U.S. federal income tax purposes
Revenue & Expenses
Visualization of income flow from segment revenue to net income