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Dec 31, 2021
Viper Energy Q4 2021 Earnings Report
Reported record financial and operating results due to the Swallowtail acquisition and Diamondback's focus on Viper's acreage.
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
Revenue by Segment
Royalty Income Revenue
CapyFin.comLease Bonus Income Revenue
CapyFin.com 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