Viper Energy: Q2 Earnings Snapshot
MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — Viper Energy Partners LP (VNOM) on Monday reported second-quarter earnings of $30.6 million.
The Midland, Texas-based company said it had net income of 42 cents per share. Earnings, adjusted for non-recurring costs, came to 47 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The oil and gas company posted revenue of $160.8 million in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $159.6 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VNOM at https://www.zacks.com/ap/VNOM
