$VNOM
Viper Energy Inc

2019 Q3 Form 10-Q Financial Statement

#000160206519000038 Filed on August 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2018 Q2
Revenue $71.79M $72.19M $75.26M
YoY Change -7.63% -4.08% 105.51%
Cost Of Revenue $4.730M $4.390M $4.870M
YoY Change -5.96% -9.86% 75.81%
Gross Profit $67.06M $67.81M $70.40M
YoY Change -7.75% -3.68% 107.98%
Gross Profit Margin 93.41% 93.93% 93.54%
Selling, General & Admin $1.810M $1.720M $2.210M
YoY Change 38.17% -22.17% 30.0%
% of Gross Profit 2.7% 2.54% 3.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.70M $16.50M $13.30M
YoY Change 13.33% 24.06% 37.11%
% of Gross Profit 27.89% 24.33% 18.89%
Operating Expenses $25.23M $22.62M $20.34M
YoY Change 10.34% 11.25% 43.8%
Operating Profit $46.56M $49.57M $54.93M
YoY Change -15.12% -9.75% 144.34%
Interest Expense -$3.827M -$2.713M -$3.252M
YoY Change 3.13% -16.57% -605.75%
% of Operating Profit -8.22% -5.47% -5.92%
Other Income/Expense, Net -$2.938M -$2.116M $1.660M
YoY Change -10.15% -227.47% -603.03%
Pretax Income $43.62M $47.45M $56.59M
YoY Change -15.43% -16.14% 155.48%
Income Tax -$7.480M $180.0K -$71.88M
% Of Pretax Income -17.15% 0.38% -127.02%
Net Earnings $7.946M $2.265M $99.40M
YoY Change 238.7% -97.72% 348.8%
Net Earnings / Revenue 11.07% 3.14% 132.08%
Basic Earnings Per Share
Diluted Earnings Per Share $126.8K $36.23K $1.354M
COMMON SHARES
Basic Shares Outstanding 62.63M shares 62.63M shares 113.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00M $12.80M $32.90M
YoY Change 19.05% -61.09% 1956.25%
Cash & Equivalents $19.95M $12.80M $32.89M
Short-Term Investments
Other Short-Term Assets $252.0K $211.0K $295.0K
YoY Change 72.6% -28.47% 54.45%
Inventory
Prepaid Expenses
Receivables $43.29M $46.82M $31.08M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $77.53M $68.87M $72.40M
YoY Change 23.54% -4.87% 348.94%
LONG-TERM ASSETS
Property, Plant & Equipment $1.743B $1.567B $1.146B
YoY Change 25.6% 36.67% 59.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.48M $21.29M $25.56M
YoY Change -7.98% -16.71% -27.14%
Total Long-Term Assets $1.929B $1.752B $1.244B
YoY Change 28.1% 40.81% 64.73%
TOTAL ASSETS
Total Short-Term Assets $77.53M $68.87M $72.40M
Total Long-Term Assets $1.929B $1.752B $1.244B
Total Assets $2.007B $1.820B $1.316B
YoY Change 27.91% 38.29% 70.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.000K
YoY Change 125.0%
Accrued Expenses $5.400M $3.900M $3.000M
YoY Change 14.89% 30.0% 76.47%
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 $5.370M $3.892M $3.057M
YoY Change 14.01% 27.31% 80.14%
LONG-TERM LIABILITIES
Long-Term Debt $409.5M $212.5M $350.0M
YoY Change 38.11% -39.29% 329.45%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $409.5M $212.5M $350.0M
YoY Change 38.11% -39.29% 329.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.370M $3.892M $3.057M
Total Long-Term Liabilities $409.5M $212.5M $350.0M
Total Liabilities $414.9M $216.4M $353.1M
YoY Change 37.73% -38.71% 324.36%
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 $776.8M $797.9M $388.8M
YoY Change
Total Liabilities & Shareholders Equity $2.007B $1.820B $1.316B
YoY Change 27.91% 38.29% 70.67%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $7.946M $2.265M $99.40M
YoY Change 238.7% -97.72% 348.8%
Depreciation, Depletion And Amortization $18.70M $16.50M $13.30M
YoY Change 13.33% 24.06% 37.11%
Cash From Operating Activities $62.50M $55.20M $63.00M
YoY Change -2.65% -12.38% 78.47%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$188.8M -$56.50M -$102.6M
YoY Change -25.32% -44.93% -10.08%
Cash From Investing Activities -$188.8M -$56.50M -$102.6M
YoY Change -26.68% -44.93% -10.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 133.3M 4.000M 54.40M
YoY Change -24.77% -92.65% 5.22%
NET CHANGE
Cash From Operating Activities 62.50M 55.20M 63.00M
Cash From Investing Activities -188.8M -56.50M -102.6M
Cash From Financing Activities 133.3M 4.000M 54.40M
Net Change In Cash 7.000M 2.700M 14.80M
YoY Change -143.48% -81.76% -154.61%
FREE CASH FLOW
Cash From Operating Activities $62.50M $55.20M $63.00M
Capital Expenditures $0.00
Free Cash Flow $62.50M
YoY Change -9.29%

Facts In Submission

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OfferingCostsPartnershipInterests
9000 USD
CY2019Q2 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
472000 USD
CY2019Q2 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
23521000 USD
CY2019Q2 fang Vnom Limited Partners Capital Account Distribution Amount Related Party
Vnom_LimitedPartnersCapitalAccountDistributionAmountRelatedParty
27817000 USD
CY2019Q2 us-gaap General Partners Capital Account Distribution Amount
GeneralPartnersCapitalAccountDistributionAmount
20000 USD
CY2019Q2 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
47274000 USD
CY2019Q2 fang Partners Capitalincludingnoncontrollinginterest
PartnersCapitalincludingnoncontrollinginterest
1604041000 USD
us-gaap Profit Loss
ProfitLoss
121585000 USD
us-gaap Profit Loss
ProfitLoss
171360000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-34536000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-72049000 USD
us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
32711000 USD
us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
24785000 USD
fang Gain Losson Revaluationof Investments
GainLossonRevaluationofInvestments
-3642000 USD
fang Gain Losson Revaluationof Investments
GainLossonRevaluationofInvestments
-5364000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
441000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
322000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
877000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1740000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7996000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5329000 USD
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
5549000 USD
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
2995000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-2238000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-440000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
108000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
171000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
41000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-11000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
101720000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
112212000 USD
us-gaap Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
125231000 USD
us-gaap Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
253056000 USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
13215000 USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
441000 USD
us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
0 USD
us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
125000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-138446000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-252490000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
171000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
256500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
369500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
258000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
440000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
340860000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
221000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2034000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
2000000 USD
fang Repurchasedsharesfortaxwithholding
Repurchasedsharesfortaxwithholding
-353000 USD
fang Repurchasedsharesfortaxwithholding
Repurchasedsharesfortaxwithholding
0 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
114674000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
107059000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
26854000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
148967000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-9872000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
8689000 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
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12804000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32886000 USD
us-gaap Interest Paid Net
InterestPaidNet
2382000 USD
us-gaap Interest Paid Net
InterestPaidNet
5028000 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
us-gaap Basis Of Accounting
BasisOfAccounting
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation </span></div><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><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><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><span style="font-family:inherit;font-size:10pt;">, which contains a summary of the Partnership’s significant accounting policies and other disclosures.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<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:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </span></div><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><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">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.</span></div>
CY2019Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 USD
CY2018Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
871485000 USD
CY2019Q2 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
1842031000 USD
CY2019Q2 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
909093000 USD
CY2018Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
845228000 USD
CY2019Q2 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
932938000 USD
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
1716713000 USD
CY2019Q2 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
281007000 USD
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
248296000 USD
CY2019Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
1561024000 USD
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
1468417000 USD
CY2019Q2 us-gaap Land
Land
5688000 USD
CY2018Q4 us-gaap Land
Land
5688000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1566712000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1474105000 USD
us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
106811000 USD
CY2018 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
464763000 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
76993000 USD
CY2019Q2 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
932938000 USD
CY2019Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2000000000.0 USD
CY2019Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
600000000.0 USD
fang Line Of Credit Facility Borrowing Base Number Of Redeterminations
LineOfCreditFacilityBorrowingBaseNumberOfRedeterminations
3
fang Line Of Credit Facility Borrowing Base Period Of Redetermination
LineOfCreditFacilityBorrowingBasePeriodOfRedetermination
P12M
CY2019Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
555000000.0 USD
CY2019Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
600000000.0 USD
CY2019Q2 us-gaap Line Of Credit
LineOfCredit
212500000 USD
CY2019Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
387500000 USD
CY2019Q2 fang Line Of Credit Facility Covenant Terms Maximum Issuance Of Additional Indebtedness
LineOfCreditFacilityCovenantTermsMaximumIssuanceOfAdditionalIndebtedness
400000000.0 USD
CY2019Q2 fang Line Of Credit Facility Covenant Terms Decrease Of Borrowing Base Upon Issuance Of Additional Indebtedness Percentage
LineOfCreditFacilityCovenantTermsDecreaseOfBorrowingBaseUponIssuanceOfAdditionalIndebtednessPercentage
0.25
CY2019Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
100000 USD
CY2018Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
200000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
100000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
200000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
8943717 shares
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
500000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
900000 USD
CY2018Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
51653956 shares
us-gaap Partners Capital Account Units Unitbased Compensation
PartnersCapitalAccountUnitsUnitbasedCompensation
60133 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
10732 shares
CY2019Q2 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
62628357 shares
CY2019Q1 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
340600000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
2265000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
99404000 USD
us-gaap Net Income Loss
NetIncomeLoss
36044000 USD
us-gaap Net Income Loss
NetIncomeLoss
142300000 USD
CY2019Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
62628000 shares
CY2018Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
73336000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
59058000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
93506000 shares
CY2019Q2 us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
36000 shares
CY2018Q2 us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
91000 shares
us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
36000 shares
us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
106000 shares
CY2019Q2 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
62664000 shares
CY2018Q2 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
73427000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
59094000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
93612000 shares
CY2019Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.04
CY2018Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
1.36
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.61
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
1.52
CY2019Q2 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.04
CY2018Q2 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
1.35
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.61
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
1.52
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
fang Discreteincometaxbenefitrelatedtodeferredtaxesrecordedduringtheperiod
Discreteincometaxbenefitrelatedtodeferredtaxesrecordedduringtheperiod
35200000 USD
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
560 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1234 shares
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.004
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-1.270
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.3950
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.7225
fang Discreteincometaxbenefitrelatedtodeferredtaxesrecordedduringtheperiod
Discreteincometaxbenefitrelatedtodeferredtaxesrecordedduringtheperiod
35200000 USD
CY2019Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
600000000.0 USD

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