NASDAQ$VNOM

VIPER ENERGY INC-CL A · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Viper Energy's financial and operating results for Q1 2022 were reported, showcasing a strong increase in distribution and production.

Viper Energy Partners LP reported a strong first quarter in 2022, with an increase in distribution by 43% quarter over quarter to $0.67 per common unit. The company's production outperformed expectations, leading to an increase in full-year 2022 oil production guidance by 1.4% at the midpoint. Viper repurchased 1.6 million common units for $39.3 million and increased the authorization for its common unit repurchase program to $250.0 million.

  • Q1 2022 average production was 18,144 bo/d (31,567 boe/d).
  • Net income attributable to Viper Energy Partners LP was $16.6 million, or $0.22 per common unit.
  • Cash distribution of $0.67 per common unit, up 43% quarter over quarter.
  • Repurchased 1.6 million common units in Q1 2022 for an aggregate of $39.3 million.

Headline financials

Total Revenue

$202M

Previous: $97M+108.2%
EPS (adj)

$0.23

Previous: -$0.08+387.5%
Net Income

$128M

No prior period
Operating Income

$159M

No prior period
Cash & Equivalents

$33.1M

No prior period
Total Assets

$3B

No prior period

Revenue & EPS history

Viper Energy · Revenue · Quarterly

$202M

Q1 2022+108.2%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Viper Energy · $856M total across 5 segments · Q4 2025

  • Royalty Income
    $422M
  • Oil Income
    $357M
  • Natural Gas Liquids Income
    $49M
  • Natural Gas Income
    $16M
  • Lease Bonus Income
    $12M

Forward guidance

Viper Energy Partners provided average daily production guidance for Q2 and Q3 2022, as well as updated full year 2022 guidance. They also added guidance for expected cash taxes payable for 2022.

Tailwinds

  • Q2/Q3 2022 Net Production: 18.25 - 19.00 MBo/d
  • Q2/Q3 2022 Net Production: 31.00 - 32.25 MBoe/d
  • Full Year 2022 Net Production: 18.00 - 19.25 MBo/d
  • Full Year 2022 Net Production: 30.50 - 32.75 MBoe/d
  • Cash Tax Rate: 10% - 15% of Pre-Tax Income

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.6%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+0.9%

Avg return

30 days after

55%

24 / 44 earnings

Positive

+9.1%

Q2 2019

Best reaction

-7.4%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.6%-4.9%-9.0%
Q4 2025-0.5%+3.5%+6.4%
Q3 2025-3.0%-0.7%+5.8%
Q2 2025-0.2%+0.8%+4.1%
Q1 2025-3.4%-2.0%-2.9%
Q4 2024-4.8%-1.6%-6.2%
Q3 2024+0.9%+4.4%-0.2%
Q2 2024+7.0%+12.8%+15.2%
Q1 2024-6.2%-5.0%-3.5%
Q4 2023+0.9%+1.8%+6.5%
Q3 2023+3.0%+6.5%+3.6%
Q2 2023+7.8%+8.1%+5.9%
Q1 2023-4.6%-6.5%-12.4%
Q4 2022-2.4%-3.9%-10.4%
Q3 2022-0.3%-3.0%-8.9%
Q2 2022-0.2%-6.0%-0.7%
Q1 2022+7.9%+6.2%+17.7%
Q4 2021+5.1%+8.7%+14.6%
Q3 2021+2.3%+4.2%-6.3%
Q2 2021-0.2%-0.4%+2.2%
Q1 2021+0.0%+5.1%+3.7%
Q4 2020+5.1%-1.8%-2.7%
Q3 2020+6.7%+7.3%+64.3%
Q2 2020+0.9%+0.1%-5.9%
Q1 2020-4.9%+2.8%+31.9%
Q4 2019+3.2%+8.5%-65.7%
Q3 2019-7.0%-7.4%-9.1%
Q2 2019+9.1%+6.8%-1.3%
Q1 2019-7.4%-7.1%-18.5%
Q4 2018+2.3%+0.3%+4.0%
Q3 2018-2.5%-10.6%-20.9%
Q2 2018+4.3%+1.3%+5.2%
Q1 2018+5.7%+5.8%+13.1%
Q4 2017-3.8%-5.4%-5.6%
Q3 2017+1.8%+4.6%+8.5%
Q2 2017+3.5%+3.0%-0.6%
Q1 2017+4.5%+5.9%+0.5%
Q4 2016+0.3%-1.2%-0.7%
Q3 2016+0.4%+7.4%+12.8%
Q2 2016+1.0%+3.9%+0.9%
Q1 2016-4.0%
Q3 2015+2.0%
Q2 2015-5.4%
Q2 2014+4.5%
Q4 2013

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