Viper Energy Concludes Acquisition of Tumbleweed Royalty Subsidiaries [Yahoo! Finance]
Viper Energy, Inc. - Class A (VNOM)
Last viper energy, inc. - class a earnings: 2/11 04:01 pm
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Source: Yahoo! Finance
VNOM and its operating subsidiary, Viper Energy Partners LLC (also referred to as OpCo), have completed the acquisition of certain subsidiaries of Tumbleweed Royalty IV LLC owning mineral and royalty interests. The acquisition was previously announced in a purchase agreement dated Sept. 11, 2024. The acquisition was financed through a combination of cash and OpCo units. The transaction involved approximately $459 million in cash and nearly 10.1 million OpCo units issued to Tumbleweed Royalty IV. The cash consideration was funded through a mix of cash on hand, borrowings from Viper Energy Partners' revolving credit facility and proceeds from a previously underwritten public offering of Viper Energy's Class A common shares. The terms of the deal also include an option for Tumbleweed Royalty to buy shares of Class B common stock of Viper Energy equal to the number of OpCo units issued. The purchase agreement also outlines an additional payment of up to $41 million to Tumbleweed Royal
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News
- Viper Energy, Inc. (NASDAQ: VNOM) had its price target raised by analysts at Roth Mkm from $46.00 to $53.00. They now have a "buy" rating on the stock.MarketBeat
- Viper Energy, Inc. (NASDAQ: VNOM) had its price target raised by analysts at Piper Sandler from $57.00 to $61.00. They now have an "overweight" rating on the stock.MarketBeat
- Viper Energy: Tumbleweed Acquisitions Boost Cash Flow To Near $4 Per Share At $75 Oil [Seeking Alpha]Seeking Alpha
- Diamondback Energy wins Buy rating at JPM as leader in shale efficiency gains [Seeking Alpha]Seeking Alpha
- Viper Energy, Inc. (NASDAQ: VNOM) had its price target raised by analysts at JPMorgan Chase & Co. from $41.00 to $44.00. They now have an "overweight" rating on the stock.MarketBeat
VNOM
Earnings
- 8/5/24 - Beat
VNOM
Sec Filings
- 10/3/24 - Form SC
- 10/2/24 - Form 8-K
- 9/13/24 - Form 8-K
- VNOM's page on the SEC website