Viper Energy Initiates Average Daily Production Guidance For Q3 Of 26,500 To 27,000 bo/d (47,500 To 48,500 boe/d), The Midpoint Of Which Represents 1.5% Growth Q/Q
Portfolio Pulse from Benzinga Newsdesk
Viper Energy has announced its average daily production guidance for Q3, projecting 26,500 to 27,000 barrels of oil per day (bo/d), which represents a 1.5% growth quarter-over-quarter. Additionally, the company has increased its full-year 2024 average daily production guidance to 26,000 to 26,750 bo/d.
August 05, 2024 | 8:13 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Viper Energy has provided new production guidance for Q3 and increased its full-year 2024 production outlook. This indicates a positive growth trajectory for the company.
The increase in production guidance for both Q3 and the full year 2024 suggests that Viper Energy is on a growth path, which is likely to positively impact its stock price in the short term. Investors may view this as a sign of operational efficiency and potential revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100