Viper Energy Partners LP (VNOM) [Rocket]

In millions, except per share items	Jun-30-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Revenues [+]	160.8	203.6	221.6	239.3	201.9	165.8	128.0	114.2
Other income	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.2
Revenue growth	-32.8%	22.8%	73.1%	109.7%	108.2%	117.2%	103.4%	249.4%
Cost of goods sold	12.6	10.8	15.6	16.0	13.9	9.1	8.6	8.2
Gross profit	148.2	192.8	206.0	223.3	188.0	156.7	119.4	106.0
Gross margin	92.2%	94.7%	92.9%	93.3%	93.1%	94.5%	93.3%	92.9%
Selling, general and administrative [+]	2.0	2.6	2.1	1.9	2.0	1.7	1.7	2.2
General and administrative	2.0	2.6	2.1	1.9	2.0	1.7	1.7	2.2
Adjusted EBITDA
Stock-based compensation
EBITDA [+]	146.2	190.2	203.8	221.4	186.1	155.0	117.6	103.8
EBITDA growth	-34.0%	22.8%	73.3%	113.2%	111.2%	125.3%	109.8%	272.5%
EBITDA margin	90.9%	93.4%	92.0%	92.5%	92.2%	93.5%	91.9%	91.0%
Depreciation and amortization	34.1	31.2	30.5	32.0	27.4	28.8	25.4	24.0
EBIT [+]	112.1	159.0	173.4	189.4	158.7	126.2	92.3	79.9
EBIT growth	-40.8%	26.0%	87.9%	137.2%	151.0%	211.8%	194.8%	1467.7%
EBIT margin	69.7%	78.1%	78.2%	79.2%	78.6%	76.1%	72.1%	70.0%
Interest expense	11.3	10.3	10.7	9.8	9.6	9.9	8.3	8.0
Interest expense	11.3	10.3	10.7	9.8	9.6	9.9	8.3	8.0
Other income (expense), net [+]	-12.4	1.4	1.0	-1.9	-18.4	1.2	-9.6	-29.5
Gain (loss) on derivative instruments	-12.6	1.2	0.9	-1.9	-18.4	1.2	-9.6	-29.5
Other	0.2	0.2	0.2	0.0	0.0	0.0		0.0
Pre-tax income	88.4	150.2	163.7	177.8	130.7	117.6	74.4	42.4
Income taxes	8.5	4.9	-46.4	6.2	2.6	0.6	0.9	0.0
Tax rate	9.6%	3.3%		3.5%	2.0%	0.5%	1.2%	0.0%
Minority interest	49.4	123.5	130.8	137.6	111.4	77.5	56.6	37.7
Net income	30.6	21.7	79.3	34.0	16.6	39.5	16.8	4.7
Net margin	19.0%	10.7%	35.8%	14.2%	8.2%	23.8%	13.1%	4.1%

Basic EPS [+]	$0.43	$0.29	$1.06	$0.44	$0.22	$0.58	$0.26	$0.07
Growth	-4.1%	-50.3%	303.5%	516.0%	-566.1%	-241.6%	-2430.0%	-122.5%
Diluted EPS [+]	$0.43	$0.29	$1.06	$0.44	$0.22	$0.58	$0.26	$0.07
Growth	-4.0%	-50.3%	304.1%	516.3%	-565.4%	-241.4%	-2426.8%	-122.4%

Dividends per share [+]		$0.63	$1.06	$0.84	$0.56	$0.51	$0.47	$0.35
Growth	-100.0%	23.6%	125.4%	136.1%	184.2%	275.7%	1055.6%	161.6%

Shares outstanding (basic) [+]	71.8	75.6	74.9	76.6	77.1	68.3	64.2	64.7
Growth	-6.3%	10.7%	16.8%	18.5%	18.0%	0.9%	-5.4%	-4.7%
Shares outstanding (diluted) [+]	71.8	75.7	74.9	76.7	77.2	68.4	64.2	64.8
Growth	-6.5%	10.7%	16.7%	18.4%	18.1%	1.0%	-5.3%	-4.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.