04:59 PM EDT, 08/05/2024 (MT Newswires) -- Viper Energy ( VNOM ) reported Q2 earnings late Monday of $0.62 per diluted share, up from $0.42 a year earlier.

Analysts polled by Capital IQ expected $0.41.

Operating income for the quarter ended June 30 was $216.7 million, up from $160.8 million a year earlier.

The company said its board set a quarterly base dividend of $0.30 and a variable dividend of $0.34 per Class A share, payable on Aug. 22 to shareholders of record on Aug. 15.

Shares of the company rose 1.8% in after-hours activity.

Price: 39.99, Change: +0.72, Percent Change: +1.83