Viper Energy provides Q2 operations update

Viper’s second quarter 2024 average unhedged realized prices were $81.04 per barrel of oil, $0.20 per Mcf of natural gas and $20.35 per barrel of natural gas liquids, resulting in a total equivalent realized price of $49.88/boe. Viper’s second quarter 2024 average hedged realized prices were $80.24 per barrel of oil, $0.64 per Mcf of natural gas and $20.35 per barrel of natural gas liquids, resulting in a total equivalent realized price of $50.00/boe. During the second quarter of 2024, the Company recorded total operating income of $216.7 million and consolidated net income of $122.2 million. As of June 30 the Company had a cash balance of $35.2M and total long-term debt outstanding of $1.0 billion, resulting in net debt of $972.1 million. Viper’s outstanding long-term debt as of June 30, 2024 consisted of $430.4 million in aggregate principal amount of its 5.375% Senior Notes due 2027, $400.0 million in aggregate principal amount of its 7.375% Senior Notes due 2031 and $177.0 million in borrowings on its revolving credit facility, leaving $673.0 million available for future borrowings and $708.2 million of total liquidity.