In This Article:
Viper Energy (NASDAQ:VNOM) Full Year 2024 Results
Key Financial Results
-
Revenue: US$859.7m (up 8.7% from FY 2023).
-
Net income: US$359.2m (up 80% from FY 2023).
-
Profit margin: 42% (up from 25% in FY 2023). The increase in margin was primarily driven by lower expenses.
-
EPS: US$3.83 (up from US$2.69 in FY 2023).
VNOM Production and Reserves
Oil reserves
-
Proven reserves: 93.563 MMbbls.
Gas reserves
-
Proven reserves: 292.624 Bcf.
LNG reserves
-
Proven reserves: 53.54 MMbbls.
Combined production
-
Oil equivalent production: 18.221 MMboe (14.324 MMboe in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Viper Energy EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 78%.
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 4.4% 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 11% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Viper Energy (1 is significant!) that you should be aware of before investing here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.