1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
Capital Allocation
PREMIUM
After updating our model to reflect Viper's second-quarter results, our latest Diamondback model refresh, and the announced Swallowtail acquisition, we are increasing our fair value estimate to $21 per unit while maintaining our narrow moat rating.
Viper Energy Partners was formed by Diamondback Energy in 2014 to own mineral royalty interests in the Permian Basin. At the end of 2020, Viper owns 24,350 net royalty acres that produced 26,551 boe/d. Proved reserves are mostly oil, and at the end of 2019 stand at 99,392 mboe.
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