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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating income:        
Royalty income $ 62,584 $ 71,080 $ 171,857 $ 201,950
Lease bonus income 40 698 1,685 3,607
Other operating income 318 10 761 15
Total operating income 62,942 71,788 174,303 205,572
Costs and expenses:        
Production and ad valorem taxes 5,049 4,731 14,306 12,812
Depletion 24,780 18,697 72,204 51,408
General and administrative expenses 1,811 1,805 6,160 5,223
Total costs and expenses 31,640 25,233 92,670 69,443
Income from operations 31,302 46,555 81,633 136,129
Other income (expense):        
Interest expense, net (8,238) (3,827) (24,870) (11,089)
Gain (loss) on derivative instruments, net (5,084) 0 (47,469) 0
Gain (loss) on revaluation of investment (1,984) 336 (8,661) 3,978
Other income, net 188 553 1,111 1,756
Total other expense, net (15,118) (2,938) (79,889) (5,355)
Income (loss) before income taxes 16,184 43,617 1,744 130,774
Provision for (benefit from) income taxes 0 (7,480) 142,466 (41,908)
Net income (loss) 16,184 51,097 (140,722) 172,682
Net income (loss) attributable to non-controlling interest 16,948 43,151 23,963 128,692
Net income (loss) attributable to Viper Energy Partners LP $ (764) $ 7,946 $ (164,685) $ 43,990
Net income (loss) attributable to common limited partner units:        
Basic (dollars per unit) $ (0.01) $ 0.13 $ (2.43) $ 0.73
Diluted (dollars per unit) $ (0.01) $ 0.13 $ (2.43) $ 0.73
Weighted average number of common limited partner units outstanding:        
Basic (in units) 67,847 62,645 67,832 60,267
Diluted (in units) 67,847 62,678 67,832 60,296
Revenue, Product and Service [Extensible List]     us-gaap:RoyaltyMember