Viper Energy Partners Q1 2024 Adj EPS $0.52 Beats $0.44 Estimate, Sales $205.392M Beat $200.403M Estimate
Portfolio Pulse from Benzinga Newsdesk
Viper Energy Partners (VNOM) reported Q1 2024 adjusted EPS of $0.52, surpassing the $0.44 estimate, and sales of $205.392M, exceeding the $200.403M estimate. This represents a slight decrease in EPS from last year but a significant increase in sales.
April 30, 2024 | 8:08 pm
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Viper Energy Partners exceeded Q1 2024 earnings and sales estimates, with a minor decrease in EPS from the previous year but a notable increase in sales.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. The slight decrease in EPS year-over-year is overshadowed by the significant sales growth, indicating strong operational performance.
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RELEVANCE 100