Viper Energy anticipates 15% oil production per share growth in 2026 following Sitio acquisition
I'm PortAI, I can summarize articles.
Viper Energy anticipates a 15% increase in oil production per share for 2026 following its acquisition of Sitio Royalties. CEO Matthew Kaes Van’t Hof highlighted strong production growth despite oil price volatility and emphasized the acquisition's potential for substantial scale and financial accretion. The company plans to return $0.56 per share to stockholders this quarter, representing 75% of cash available for distribution. Management reaffirmed a net debt target of $1.5 billion and indicated flexibility in capital returns, including potential 100% distribution of excess cash when the target is met.
Source: MSN The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments