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Viper Energy Partners (VNOM) Releases Earnings Results, Beats Estimates By $0.33 EPS

The Cerbat Gem

Viper Energy Partners (NASDAQ:VNOM) released its earnings results on Wednesday. The oil and gas producer reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.33, Fidelity Earnings reports. Viper Energy Partners had a net margin of 66.59% and a return on equity of 15.74%. The company had revenue of $75.41 million for the quarter, compared to analysts’ expectations of $70.06 million. During the same quarter in the previous year, the company earned $0.23 EPS. Viper Energy Partners’s revenue for the quarter was up 106.0% on a year-over-year basis. Shares of VNOM stock opened at $37.71 on Friday. The firm has a market capitalization of $4.16 billion,