$VNOM
Viper Energy Inc Stock $vnom

$vnom Overview Financials Valuation SEC Filings Company Website

2019 Q2 Form 10-Q Financial Statement

#000160206519000019 Filed on May 01, 2019

Income Statement

Concept	2019 Q2	2019 Q1	2018 Q4
Revenue	$72.19M	$61.59M	$73.67M
YoY Change	-4.08%	-0.95%	47.42%
Cost Of Revenue	$4.390M	$3.690M	$4.920M
YoY Change	-9.86%	-12.97%	67.35%
Gross Profit	$67.81M	$57.90M	$67.45M
YoY Change	-3.68%	-0.07%	19.83%
Gross Profit Margin	93.93%	94.01%	91.56%
Selling, General & Admin	$1.720M	$1.700M	$430.0K
YoY Change	-22.17%	-37.27%	-71.9%
% of Gross Profit	2.54%	2.94%	0.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$16.50M	$16.20M	$17.50M
YoY Change	24.06%	40.87%	47.06%
% of Gross Profit	24.33%	27.98%	25.95%
Operating Expenses	$22.62M	$21.59M	$17.94M
YoY Change	11.25%	16.84%	33.28%
Operating Profit	$49.57M	$40.00M	$49.51M
YoY Change	-9.75%	-8.46%	15.61%
Interest Expense	-$2.713M	-$4.549M	-$10.50M
YoY Change	-16.57%	-316.83%	900.0%
% of Operating Profit	-5.47%	-11.37%	-21.21%
Other Income/Expense, Net	-$2.116M	-$301.0K	$450.0K
YoY Change	-227.47%	-62.7%	50.0%
Pretax Income	$47.45M	$39.70M	$39.45M
YoY Change	-16.14%	-7.44%	-6.23%
Income Tax	$180.0K	-$34.61M	-$1.251M
% Of Pretax Income	0.38%	-87.17%	-3.17%
Net Earnings	$2.265M	$33.78M	-$688.0K
YoY Change	-97.72%	-21.25%	-101.64%
Net Earnings / Revenue	3.14%	54.84%	-0.93%
Basic Earnings Per Share
Diluted Earnings Per Share	$36.23K	$608.9K	-$13.42K
COMMON SHARES
Basic Shares Outstanding	62.63M shares	51.65M shares	51.65M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2019 Q2	2019 Q1	2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$12.80M	$10.10M	$22.70M
YoY Change	-61.09%	-44.51%	-6.2%
Cash & Equivalents	$12.80M	$10.13M	$22.68M
Short-Term Investments
Other Short-Term Assets	$211.0K	$258.0K	$257.0K
YoY Change	-28.47%	-28.53%	-27.61%
Inventory
Prepaid Expenses
Receivables	$46.82M	$38.08M	$38.82M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$68.87M	$55.85M	$65.25M
YoY Change	-4.87%	3.64%	17.67%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.567B	$1.540B	$1.474B
YoY Change	36.67%	45.64%	61.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$21.29M	$21.26M	$17.83M
YoY Change	-16.71%	12.92%	-51.62%
Total Long-Term Assets	$1.752B	$1.712B	$1.589B
YoY Change	40.81%	59.05%	65.92%
TOTAL ASSETS
Total Short-Term Assets	$68.87M	$55.85M	$65.25M
Total Long-Term Assets	$1.752B	$1.712B	$1.589B
Total Assets	$1.820B	$1.767B	$1.654B
YoY Change	38.29%	56.4%	63.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$8.000K	$0.00
YoY Change		-98.61%	-100.0%
Accrued Expenses	$3.900M	$2.800M	$6.022M
YoY Change	30.0%	47.37%	123.04%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.892M	$2.780M	$6.022M
YoY Change	27.31%	11.47%	6.98%
LONG-TERM LIABILITIES
Long-Term Debt	$212.5M	$157.0M	$411.0M
YoY Change	-39.29%	-34.72%	339.57%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$212.5M	$157.0M	$411.0M
YoY Change	-39.29%	-34.72%	339.57%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.892M	$2.780M	$6.022M
Total Long-Term Liabilities	$212.5M	$157.0M	$411.0M
Total Liabilities	$216.4M	$159.8M	$417.0M
YoY Change	-38.71%	-34.25%	320.69%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$797.9M	$819.0M	$542.1M
YoY Change
Total Liabilities & Shareholders Equity	$1.820B	$1.767B	$1.654B
YoY Change	38.29%	56.4%	63.28%

Cashflow Statement

Concept	2019 Q2	2019 Q1	2018 Q4
OPERATING ACTIVITIES
Net Income	$2.265M	$33.78M	-$688.0K
YoY Change	-97.72%	-21.25%	-101.64%
Depreciation, Depletion And Amortization	$16.50M	$16.20M	$17.50M
YoY Change	24.06%	40.87%	47.06%
Cash From Operating Activities	$55.20M	$46.45M	$68.10M
YoY Change	-12.38%	-5.59%	51.0%
INVESTING ACTIVITIES
Capital Expenditures			$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$56.50M	-$81.90M	-$104.3M
YoY Change	-44.93%	-45.36%	142.56%
Cash From Investing Activities	-$56.50M	-$81.92M	-$104.3M
YoY Change	-44.93%	-45.35%	142.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	4.000M	$22.93M	42.00M
YoY Change	-92.65%	-75.76%	140.0%
NET CHANGE
Cash From Operating Activities	55.20M	$46.45M	68.10M
Cash From Investing Activities	-56.50M	-$81.92M	-104.3M
Cash From Financing Activities	4.000M	$22.93M	42.00M
Net Change In Cash	2.700M	-$12.54M	5.800M
YoY Change	-81.76%	105.62%	-70.41%
FREE CASH FLOW
Cash From Operating Activities	$55.20M	$46.45M	$68.10M
Capital Expenditures			$0.00
Free Cash Flow			$68.10M
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2018Q1	us-gaap	Gain Loss On Investments GainLossOnInvestments	899000	USD
CY2019Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001602065
CY2019Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019Q1	us-gaap	Limited Partners Capital Account Units Issued LimitedPartnersCapitalAccountUnitsIssued	62628357	shares
CY2019Q1	dei	Document Type DocumentType	10-Q
CY2019Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2019Q1	dei	Document Period End Date DocumentPeriodEndDate	2019-03-31
CY2019Q1	dei	Entity Registrant Name EntityRegistrantName	Viper Energy Partners LP
CY2019Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	62628357	shares
CY2019Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2018Q4	fang	Class B Units Issued ClassBUnitsIssued	72418500	shares
CY2019Q1	dei	Amendment Flag AmendmentFlag	false
CY2019Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2019Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2019Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2019Q1	fang	Class B Units Issued ClassBUnitsIssued	72418500	shares
CY2018Q4	fang	Class B Units Outstanding ClassBUnitsOutstanding	72418500	shares
CY2019Q1	fang	Class B Units Outstanding ClassBUnitsOutstanding	72418500	shares
CY2018Q4	us-gaap	Limited Partners Capital Account Units Issued LimitedPartnersCapitalAccountUnitsIssued	51653956	shares
CY2019Q2	fang	Class B Units Outstanding ClassBUnitsOutstanding	72418500	shares
CY2019Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10133000	USD
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	22676000	USD
CY2019Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	38083000	USD
CY2018Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	38823000	USD
CY2019Q1	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	7376000	USD
CY2018Q4	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	3489000	USD
CY2019Q1	us-gaap	Other Assets Current OtherAssetsCurrent	258000	USD
CY2018Q4	us-gaap	Other Assets Current OtherAssetsCurrent	257000	USD
CY2019Q1	us-gaap	Assets Current AssetsCurrent	55850000	USD
CY2018Q4	us-gaap	Assets Current AssetsCurrent	65245000	USD
CY2019Q1	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	1798679000	USD
CY2018Q4	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	1716713000	USD
CY2019Q1	us-gaap	Land Land	5688000	USD
CY2018Q4	us-gaap	Land Land	5688000	USD
CY2019Q1	us-gaap	Oil And Gas Property Full Cost Method Depletion OilAndGasPropertyFullCostMethodDepletion	264495000	USD
CY2018Q4	us-gaap	Oil And Gas Property Full Cost Method Depletion OilAndGasPropertyFullCostMethodDepletion	248296000	USD
CY2019Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1539872000	USD
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1474105000	USD
CY2019Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	21257000	USD
CY2018Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	17831000	USD
CY2019Q1	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	150463000	USD
CY2018Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	96883000	USD
CY2019Q1	us-gaap	Assets Assets	1767442000	USD
CY2018Q4	us-gaap	Assets Assets	1654064000	USD
CY2019Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	8000	USD
CY2018Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	0	USD
CY2019Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	2772000	USD
CY2018Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	6022000	USD
CY2019Q1	us-gaap	Liabilities Current LiabilitiesCurrent	2780000	USD
CY2018Q4	us-gaap	Liabilities Current LiabilitiesCurrent	6022000	USD
CY2019Q1	us-gaap	Notes Payable NotesPayable	157000000	USD
CY2018Q4	us-gaap	Notes Payable NotesPayable	411000000	USD
CY2019Q1	us-gaap	Liabilities Liabilities	159780000	USD
CY2018Q4	us-gaap	Liabilities Liabilities	417022000	USD
CY2019Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2018Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2019Q1	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	1000000	USD
CY2018Q4	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	1000000	USD
CY2019Q1	us-gaap	Limited Partners Capital Account LimitedPartnersCapitalAccount	817014000	USD
CY2018Q4	us-gaap	Limited Partners Capital Account LimitedPartnersCapitalAccount	540112000	USD
CY2019Q1	us-gaap	Other Partners Capital OtherPartnersCapital	990000	USD
CY2018Q4	us-gaap	Other Partners Capital OtherPartnersCapital	990000	USD
CY2019Q1	us-gaap	Partners Capital PartnersCapital	819004000	USD
CY2018Q4	us-gaap	Partners Capital PartnersCapital	542102000	USD
CY2019Q1	us-gaap	Partners Capital Attributable To Noncontrolling Interest PartnersCapitalAttributableToNoncontrollingInterest	788658000	USD
CY2018Q4	us-gaap	Partners Capital Attributable To Noncontrolling Interest PartnersCapitalAttributableToNoncontrollingInterest	694940000	USD
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1607662000	USD
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1237042000	USD
CY2019Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1767442000	USD
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1654064000	USD
CY2019Q1	fang	Leasebonus Leasebonus	1160000	USD
CY2018Q1	fang	Leasebonus Leasebonus	0	USD
CY2019Q1	us-gaap	Other Operating Income OtherOperatingIncome	2000	USD
CY2018Q1	us-gaap	Other Operating Income OtherOperatingIncome	50000	USD
CY2019Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	61590000	USD
CY2018Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	62178000	USD
CY2019Q1	us-gaap	Production Tax Expense ProductionTaxExpense	3692000	USD
CY2018Q1	us-gaap	Production Tax Expense ProductionTaxExpense	4239000	USD
CY2019Q1	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	16199000	USD
CY2018Q1	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	11525000	USD
CY2019Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1695000	USD
CY2018Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2711000	USD
CY2019Q1	us-gaap	Operating Expenses OperatingExpenses	21586000	USD
CY2018Q1	us-gaap	Operating Expenses OperatingExpenses	18475000	USD
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	40004000	USD
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	43703000	USD
CY2019Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-4549000	USD
CY2018Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-2098000	USD
CY2019Q1	us-gaap	Gain Loss On Investments GainLossOnInvestments	3592000	USD
CY2018Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	113991000	shares
CY2019Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	353000	USD
CY2019Q1	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	74311000	USD
CY2019Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	656000	USD
CY2018Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	392000	USD
CY2019Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-301000	USD
CY2018Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-807000	USD
CY2019Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	39703000	USD
CY2018Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	42896000	USD
CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-34608000	USD
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2019Q1	us-gaap	Profit Loss ProfitLoss	74311000	USD
CY2018Q1	us-gaap	Profit Loss ProfitLoss	42896000	USD
CY2019Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	40532000	USD
CY2018Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	33779000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	42896000	USD
CY2019Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	0.61
CY2018Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	0.38
CY2019Q1	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	0.61
CY2018Q1	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	0.38
CY2019Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding WeightedAverageLimitedPartnershipUnitsOutstanding	55448000	shares
CY2018Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding WeightedAverageLimitedPartnershipUnitsOutstanding	113901000	shares
CY2019Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	55475000	shares
CY2017Q4	fang	Partners Capitalincludingnoncontrollinginterest PartnersCapitalincludingnoncontrollinginterest	913908000	USD
CY2018Q1	us-gaap	Cumulative Effect Of New Accounting Principle In Period Of Adoption CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	-18651000	USD
CY2018Q1	us-gaap	Partners Capital Account Unit Based Compensation PartnersCapitalAccountUnitBasedCompensation	1288000	USD
CY2018Q1	us-gaap	Limited Partners Capital Account Distribution Amount LimitedPartnersCapitalAccountDistributionAmount	18737000	USD
CY2018Q1	fang	Vnom Limited Partners Capital Account Distribution Amount Related Party Vnom_LimitedPartnersCapitalAccountDistributionAmountRelatedParty	33649000	USD
CY2018Q1	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	42896000	USD
CY2018Q1	fang	Partners Capitalincludingnoncontrollinginterest PartnersCapitalincludingnoncontrollinginterest	887055000	USD
CY2018Q4	fang	Partners Capitalincludingnoncontrollinginterest PartnersCapitalincludingnoncontrollinginterest	1237042000	USD
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CY2019Q1	us-gaap	Partners Capital Account Unit Based Compensation PartnersCapitalAccountUnitBasedCompensation	405000	USD
CY2019Q1	us-gaap	Limited Partners Capital Account Distribution Amount LimitedPartnersCapitalAccountDistributionAmount	25970000	USD
CY2019Q1	fang	Vnom Limited Partners Capital Account Distribution Amount Related Party Vnom_LimitedPartnersCapitalAccountDistributionAmountRelatedParty	37326000	USD
CY2019Q1	us-gaap	General Partners Capital Account Distribution Amount GeneralPartnersCapitalAccountDistributionAmount	20000	USD
CY2019Q1	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet	18925000	USD
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CY2019Q1	us-gaap	Profit Loss ProfitLoss	74311000	USD
CY2018Q1	us-gaap	Profit Loss ProfitLoss	42896000	USD
CY2018Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	USD
CY2019Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-34655000	USD
CY2019Q1	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	16199000	USD
CY2018Q1	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	11525000	USD
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CY2018Q1	us-gaap	Payments To Acquire Mineral Rights PaymentsToAcquireMineralRights	149994000	USD
CY2019Q1	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	3887000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	1363000	USD
CY2019Q1	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-3289000	USD
CY2018Q1	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-1265000	USD
CY2019Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	47000	USD
CY2018Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	3000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Common Limited Partners Units ProceedsFromIssuanceOfCommonLimitedPartnersUnits	340860000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Common Limited Partners Units ProceedsFromIssuanceOfCommonLimitedPartnersUnits	0	USD
CY2019Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	212000	USD
CY2018Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	USD
CY2019Q1	fang	Repurchasedsharesfortaxwithholding Repurchasedsharesfortaxwithholding	-353000	USD
CY2018Q1	fang	Repurchasedsharesfortaxwithholding Repurchasedsharesfortaxwithholding	0	USD
CY2018Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	0	USD
CY2019Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	44000	USD
CY2018Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	6000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	46451000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	49212000	USD
CY2019Q1	us-gaap	Payments To Acquire Mineral Rights PaymentsToAcquireMineralRights	81923000	USD
CY2019Q1	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	63316000	USD
CY2019Q1	fang	Gain Losson Revaluationof Investments GainLossonRevaluationofInvestments	-3592000	USD
CY2018Q1	fang	Gain Losson Revaluationof Investments GainLossonRevaluationofInvestments	-899000	USD
CY2019Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	216000	USD
CY2018Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	155000	USD
CY2019Q1	us-gaap	Share Based Compensation ShareBasedCompensation	405000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1288000	USD
CY2019Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-740000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	3119000	USD
CY2018Q1	us-gaap	Proceeds From Sale Of Other Assets Investing Activities ProceedsFromSaleOfOtherAssetsInvestingActivities	125000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-81923000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-149869000	USD
CY2019Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	59500000	USD
CY2018Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	147000000	USD
CY2019Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	313500000	USD
CY2018Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2019Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	50000	USD
CY2018Q1	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	52386000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	22929000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	94611000	USD
CY2019Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-12543000	USD
CY2018Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-6046000	USD
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	22676000	USD
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	24197000	USD
CY2019Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10133000	USD
CY2018Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	18151000	USD
CY2019Q1	us-gaap	Interest Paid Net InterestPaidNet	4908000	USD
CY2018Q1	us-gaap	Interest Paid Net InterestPaidNet	2072000	USD
CY2018Q2	us-gaap	General Partners Contributed Capital GeneralPartnersContributedCapital	1000000.0	USD
CY2018Q2	us-gaap	Limited Partners Contributed Capital LimitedPartnersContributedCapital	1000000.0	USD
CY2018Q2	fang	Limitedpartnerscapitalaccountpercentageofdistribution Limitedpartnerscapitalaccountpercentageofdistribution	0.08
CY2018Q2	fang	Numberof Class B Units Converted NumberofClassBUnitsConverted	731500	shares
CY2018Q2	fang	Numberof Class B Units Converted NumberofClassBUnitsConverted	731500	shares
CY2018Q2	us-gaap	Partners Capital Account Units Converted PartnersCapitalAccountUnitsConverted	731500	shares
CY2018Q2	us-gaap	Limited Partners Capital Account Distribution Amount LimitedPartnersCapitalAccountDistributionAmount	10000	USD
CY2018Q2	us-gaap	Limited Partners Contributed Capital LimitedPartnersContributedCapital	1000000.0	USD
CY2019Q1	us-gaap	Basis Of Accounting BasisOfAccounting	Basis of Presentation <div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The accompanying consolidated financial statements and related notes thereto were prepared in conformity with GAAP. All material intercompany balances and transactions are eliminated in consolidation. </span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">These financial statements have been prepared by the Partnership without audit, pursuant to the rules and regulations of the SEC. They reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results for interim periods, on a basis consistent with the annual audited financial statements. All such adjustments are of a normal recurring nature. Certain information, accounting policies and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations, although the Partnership believes the disclosures are adequate to make the information presented not misleading. This Quarterly Report on Form 10–Q should be read in conjunction with the Partnership’s most recent Annual Report on Form 10–K for the fiscal year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span>, which contains a summary of the Partnership’s significant accounting policies and other disclosures.
CY2019Q1	us-gaap	Use Of Estimates UseOfEstimates	Use of Estimates <div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain amounts included in or affecting the Partnership’s financial statements and related disclosures must be estimated by management, requiring certain assumptions to be made with respect to values or conditions that cannot be known with certainty at the time the financial statements are prepared. These estimates and assumptions affect the amounts the Partnership reports for assets and liabilities and the Partnership’s disclosure of contingent assets and liabilities at the date of the financial statements. </span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>The Partnership evaluates these estimates on an ongoing basis, using historical experience, consultation with experts and other methods the Partnership considers reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from the Partnership’s estimates. Any effects on the Partnership’s business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known. Significant items subject to such estimates and assumptions include estimates of proved oil and natural gas reserves and related present value estimates of future net cash flows therefrom, the carrying value of oil and natural gas interests and unit–based compensation.
CY2018Q1	us-gaap	Cumulative Effect Of New Accounting Principle In Period Of Adoption CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	-18700000	USD
CY2019Q1	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Expense UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense	0	USD
CY2019Q1	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	0	USD
CY2019Q1	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	882242000	USD
CY2018Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	845228000	USD
CY2019Q1	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	916437000	USD
CY2018Q4	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	871485000	USD
CY2019Q1	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	1798679000	USD
CY2018Q4	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	1716713000	USD
CY2019Q1	us-gaap	Oil And Gas Property Full Cost Method Depletion OilAndGasPropertyFullCostMethodDepletion	264495000	USD
CY2018Q4	us-gaap	Oil And Gas Property Full Cost Method Depletion OilAndGasPropertyFullCostMethodDepletion	248296000	USD
CY2019Q1	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	1534184000	USD
CY2018Q4	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	1468417000	USD
CY2019Q1	us-gaap	Land Land	5688000	USD
CY2018Q4	us-gaap	Land Land	5688000	USD
CY2019Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1539872000	USD
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1474105000	USD
CY2019Q1	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization	70766000	USD
CY2018	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization	468875000	USD
CY2017	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization	284371000	USD
CY2016	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization	92425000	USD
CY2019Q1	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	916437000	USD
CY2019Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	2000000000.0	USD
CY2019Q1	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	555000000.0	USD
CY2019Q1	fang	Line Of Credit Facility Borrowing Base Number Of Redeterminations LineOfCreditFacilityBorrowingBaseNumberOfRedeterminations	3
CY2019Q1	fang	Line Of Credit Facility Borrowing Base Period Of Redetermination LineOfCreditFacilityBorrowingBasePeriodOfRedetermination	P12M
CY2019Q1	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	555000000.0	USD
CY2019Q1	us-gaap	Line Of Credit LineOfCredit	157000000.0	USD
CY2019Q1	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	398000000.0	USD
CY2019Q1	fang	Line Of Credit Facility Covenant Terms Maximum Issuance Of Additional Indebtedness LineOfCreditFacilityCovenantTermsMaximumIssuanceOfAdditionalIndebtedness	400000000.0	USD
CY2019Q1	fang	Line Of Credit Facility Covenant Terms Decrease Of Borrowing Base Upon Issuance Of Additional Indebtedness Percentage LineOfCreditFacilityCovenantTermsDecreaseOfBorrowingBaseUponIssuanceOfAdditionalIndebtednessPercentage	0.25
CY2019Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	47364	USD
CY2019Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	8943806	shares
CY2019Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	400000	USD
CY2019Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	0.61
CY2018Q4	us-gaap	Limited Partners Capital Account Units Outstanding LimitedPartnersCapitalAccountUnitsOutstanding	51653956	shares
CY2019Q1	us-gaap	Partners Capital Account Units Unitbased Compensation PartnersCapitalAccountUnitsUnitbasedCompensation	60133	shares
CY2019Q1	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	10732	shares
CY2019Q1	us-gaap	Limited Partners Capital Account Units Outstanding LimitedPartnersCapitalAccountUnitsOutstanding	62628357	shares
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	33779000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	42896000	USD
CY2019Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding WeightedAverageLimitedPartnershipUnitsOutstanding	55448000	shares
CY2018Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding WeightedAverageLimitedPartnershipUnitsOutstanding	113901000	shares
CY2019Q1	us-gaap	Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment	27000	shares
CY2018Q1	us-gaap	Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment	90000	shares
CY2019Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	55475000	shares
CY2018Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	113991000	shares
CY2018Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	0.38
CY2019Q1	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	0.61
CY2018Q1	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	0.38
CY2019Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.8717
CY2019Q1	fang	Discreteincometaxbenefitrelatedtodeferredtaxesrecordedduringtheperiod Discreteincometaxbenefitrelatedtodeferredtaxesrecordedduringtheperiod	35200000	USD
CY2019Q1	fang	Discreteincometaxbenefitrelatedtodeferredtaxesrecordedduringtheperiod Discreteincometaxbenefitrelatedtodeferredtaxesrecordedduringtheperiod	35200000	USD

Files In Submission

Name	View Source	Status
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0001602065-19-000019-index.html	Edgar Link	pending
0001602065-19-000019.txt	Edgar Link	pending
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fang-20190331.xsd	Edgar Link	pending
fang-20190331_cal.xml	Edgar Link	unprocessable
fang-20190331_def.xml	Edgar Link	unprocessable
fang-20190331_lab.xml	Edgar Link	unprocessable
fang-20190331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
q12019viper10-q.htm	Edgar Link	pending
q12019viper10-qxex311.htm	Edgar Link	pending
q12019viper10-qxex312.htm	Edgar Link	pending
q12019viper10-qxex321.htm	Edgar Link	pending
q12019viper10-q_htm.xml	Edgar Link	completed
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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2019 Q2 Form 10-Q Financial Statement

#000160206519000019 Filed on May 01, 2019

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$VNOM Viper Energy Inc Stock $vnom

2019 Q2 Form 10-Q Financial Statement

#000160206519000019 Filed on May 01, 2019

Income Statement

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Files In Submission

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