Viper Energy Partners LP (VNOM) Stock

Carillon Tower Advisers, an investment management firm, published its third quarter 2024 investor letter for the "Carillon Eagle Small Cap Growth Fund." You can download the letter here. After facing losses in the second quarter, small-cap stocks saw a significant rise in the third quarter, with the Russell 2000 Growth Index increasing by 8.41%, although it still lagged behind the Russell 2000.

VNOM's earnings for the third quarter increased compared to last year due to higher oil equivalent production volumes. However, their revenues fell because of lower prices for commodities.

Viper Energy, Inc. (NASDAQ:VNOM) will hold its Q3 2024 Earnings Conference Call on November 5, 2024, at 11:00 AM ET. The call will feature company representatives including Adam Lawlis, Travis Stice, and Austen Gilfillian, along with participants from various financial institutions. Thank you for joining us for this discussion on Viper Energy's performance.

MIDLAND, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM), a part of Diamondback Energy, Inc. (NASDAQ:FANG), has released its financial and operational results for the third quarter that ended on September 30, 2024.

Viper Energy (VNOM) could see an increase in its stock price due to rising confidence in its earnings potential, as shown by its upgrade to a Zacks Rank #2 (Buy).

Viper Energy, located in Midland, Texas, focuses on collecting and managing royalty interests rather than producing oil and gas like traditional companies. With a market value of $9.7 billion, Viper is a minerals company that is 40% owned by Diamondback Energy. As of the second quarter of 2024, its combined base and variable dividend rates provide an annual return of 5.0%, which is similar to Treasury rates and better than many stocks.

On October 1, 2024, Viper Energy, Inc., a subsidiary of Diamondback Energy, announced that it has completed the acquisition of certain subsidiaries from Tumbleweed Royalty IV, LLC. The deal was valued at around $459 million in cash and included the issuance of about 10.1 million units to TWR IV, along with an option for TWR IV to buy the same number of Viper's Class B shares. Additionally, there is a possibility of an extra payment of up to $41 million in early 2026, depending on the average price of West Texas Intermediate oil in 2025.

MIDLAND, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM), which is part of Diamondback Energy, Inc. (NASDAQ: FANG), has announced that it will share its financial results for the third quarter of 2024 on November 4, 2024, after the market closes.

After the acquisition agreement was announced on September 11, the stock of Viper Energy Inc. (VNOM) has dropped by 0.6%.