Viper Energy Partners ( (VNOM) ) has released its Q1 earnings. Here is a breakdown of the information Viper Energy Partners presented to its investors.
Viper Energy Partners, a subsidiary of Diamondback Energy, operates in the oil and gas sector, focusing on the acquisition and exploitation of oil and natural gas properties in North America.
In its latest earnings report for the first quarter of 2025, Viper Energy Partners highlighted its financial and operational performance, aiming to provide transparency and maintain flexibility in its stock repurchase program amid market volatility.
The company reported an average production of 31,311 barrels of oil per day and 57,367 barrels of oil equivalent per day. The average unhedged realized prices were $71.33 per barrel of oil, $24.52 per barrel of natural gas liquids, and $2.08 per Mcf of natural gas, while hedged prices were slightly lower for oil but higher for natural gas. Viper also realized commodity hedging gains of $9.1 million. In the second quarter, the company repurchased 176,771 shares of common stock, amounting to $6.6 million, with a significant amount remaining on its share buyback authorization.
Looking ahead, Viper Energy Partners remains committed to its strategic initiatives, including stock repurchases and operational efficiencies, as it navigates the challenges and opportunities in the energy market. The company continues to monitor market conditions closely to optimize its financial performance and shareholder value.