Viper Energy to Report Q2 Results Tomorrow Afternoon

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Summary · why it matters

Viper Energy will report its second-quarter results Monday afternoon. The mineral and royalty company met revenue expectations last quarter with $511 million, up 109% year on year, and delivered beats on both EBITDA and earnings per share. For this quarter, analysts expect revenue to grow 117% year on year, an acceleration from the 37.1% increase in the same period last year. Estimates have been largely unchanged over the past 30 days, though Viper Energy has missed revenue estimates multiple times over the last two years. Peers Cactus and World Kinect have already reported Q2 results, with Cactus posting 64.3% revenue growth and beating estimates by 12.3%, while World Kinect grew revenue 50.3% and topped estimates by 27.7%. Viper Energy shares are up 10.6% over the last month, outperforming the 7% average gain in the upstream and integrated segment, and the stock enters earnings with an average analyst price target of $56.44 compared to its current price of $45.39.

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Viper Energy reports Q2 results tomorrow; estimates unchanged but past misses create uncertainty.