MIDLAND, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc., (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced ...

Truist raised the firm’s price target on Viper Energy (VNOM) to $64 from $57 and keeps a Buy rating on the shares after its Q3 earnings ...

Viper is a $9.7 billion market cap minerals company that is 40% owned by Diamondback Energy. At 2Q24 base plus variable dividend rates annualized, it is returning 5.0%, on par with Treasuries and ...

Importantly, Diamondback's merger with Endeavor, which closed during the third quarter, only enhanced this alignment as Endeavor was previously the second largest third-party operator on Viper's ...

Viper Energy Inc (VNOM) showcases robust growth through strategic acquisitions and enhanced market presence, while navigating financial challenges.

We have a lot of people working very hard on the mineral drop-down, which is a very significant deal for both Diamondback and Viper. And maybe just a third one, just on the royalties [Indiscernible].

The recent merger between Diamondback (NASDAQ:FANG) and Endeavor, which closed in the third quarter, is expected to bolster Viper's operations due to Endeavor's significant role on Viper's assets.

Giving effect to the closing of the TWR IV acquisition on October 1, 2024, Viper’s pro forma acreage position was approximately 35,634 net royalty acres, of which Diamondback operated ...

Of these 330 gross wells, Diamondback is the operator of 81 gross wells, with an average royalty interest of 5.1%, and the remaining 249 gross wells, with an average royalty interest of 1.1%, are ...