Stock Analysis
- United States
- /
- Oil and Gas
- /
- NasdaqGS:VNOM
Viper Energy First Quarter 2024 Earnings: EPS: US$0.49 (vs US$0.47 in 1Q 2023)
Viper Energy (NASDAQ:VNOM) First Quarter 2024 Results
Key Financial Results
- Revenue: US$205.4m (up 28% from 1Q 2023).
- Net income: US$43.4m (up 28% from 1Q 2023).
- Profit margin: 21% (in line with 1Q 2023).
- EPS: US$0.49 (up from US$0.47 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Viper Energy Earnings Insights
Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 6.9% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Viper Energy that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:VNOM
Viper Energy
Owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America.
Proven track record with adequate balance sheet.