Viper Energy stock heads into Q3 report with USD 611 million estimate

Viper Energy is heading into its third-quarter report with the release scheduled for Monday, November 2, after the market closes. Seeking Alpha reported on Friday that analysts expect adjusted earnings of USD 0.66 per share and revenue of USD 611.45 million.

Viper Energy stock traded at 42.69 euros on Lang & Schwarz at 23:00 Berlin time on Friday, October 30. The real-time quote of Viper Energy stock is available through the real-time quote of Viper Energy stock.

Expectations before the report

The earnings preview points to adjusted earnings per share falling 36.5 percent from a year earlier. It also says Viper Energy has beaten earnings estimates over the past two years, raising the importance of the upcoming release for investors tracking execution and outlook.

The report is expected after the US market close. Investors will focus on the quarter's revenue, earnings and management's view of production and cash generation in its royalty portfolio.

Viper Energy's royalty model

Viper Energy owns and acquires mineral and royalty interests, primarily in the Permian Basin, according to its investor-relations website. The company describes these assets as high-margin interests with no capital requirements for drilling and production support. Its model gives investors exposure to activity on the underlying acreage while leaving well development to operating companies.

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