Viper Energy (VNOM) Tops on Q1 Earnings, Expects '24 Output Hike
- VNOM reported Q1 2024 earnings of 52 cents/unit, beating estimates. - Operating income of $205.4 million surpassed estimates. - Production increased to 4,198 MBoe, positively impacting earnings. - Average realized oil prices increased, while natural gas prices declined. - Total expenses increased to $66.5 million. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
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