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Est. EPS $0.60 · Revenue $579.78M · 10 analysts
Est. EPS $0.62 · Revenue $594.53M · 10 analysts
Est. EPS $2.56 · Revenue $2.36B · 9 analysts
Est. EPS $0.59 · Revenue $576.56M · 8 analysts
$2.45 per share
$2.45 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.3B | +56.6% | +32.7% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-68.0M | -118.9% | +46.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +47.9% | -29.5% | +24.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +43.0% | -34.7% | +29.5% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -5.1% | -112.1% | +10.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-1.4B | -1689.0% | +28.9% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -101.9% | -1042.7% | -2.9% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 49.1% | -23.4% | +6.3% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 3.72x | -23.9% | +3.3% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $12.7B | +150.0% | +0.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.48 vs 1.61 | -129.7% | 0.73 vs 0.60 | +21.1% |
| Revenue Surprise | $1.3B vs $1.4B | -2.8% | $658.0M vs $579.8M | +13.5% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Diamondback Energy, Inc. | 10 percent owner, other: Director by Deputization | Class B Common Stock | A | 1,007,000 | — |
| Sep 1, 2026 | Diamondback Energy, Inc. | 10 percent owner, other: Director by Deputization | Operating Company Units | A | 1,007,000 | — |
| Sep 1, 2026 | Diamondback Energy, Inc. | 10 percent owner, other: Director by Deputization | Operating Company Units | A | 2,808,459 | — |
| Sep 1, 2026 | Diamondback Energy, Inc. | 10 percent owner, other: Director by Deputization | Class B Common Stock | A | 2,808,459 | — |
| Mar 19, 2026 | Diamondback Energy, Inc. | 10 percent owner, other: Director by Deputization | Operating Company Units | D | 510,071 | — |
Operator: Good day, and thank you for standing by. Welcome to the Viper Energy Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand it over to your first speaker today, Chip Seale, Investor Relations Director. Please go ahead. Chip Seale: Thank you, Amber. Good morning, and welcome to Viper Energy's Second Quarter 2026 Conference Call. During our call today, we may reference an updated investor presentation, which can be found on Viper's website. Representing Viper today are Kaes Van't Hof, CEO; and Austen Gilfillian, President. During this conference call, the participants may make certain forward-looking statements relating to the company's financial condition, results of operations, plans, objectives, future performance and businesses. We caution you that actual results could differ materially from those that are indicated in these forward-looking statements due to a variety of factors. Information concerning these factors can be found in the company's filings with the SEC. In addition, we will make reference to certain non-GAAP measures. The reconciliations with the appropriate GAAP measures can be found in our earnings release issued yesterday afternoon. I will now turn the call over to Kaes. Kaes Van't Hof: Thank you, Chip. Welcome, everyone, and thank you for listening to Viper's Second Quarter 2026 Conference Call. The second quarter continued the trend of strong execution for Viper, highlighted by steady development activity from both Diamondback and our third-party operators across our asset base. During the quarter, operators turned 691 gross horizontal wells to production on our acreage in which Viper owned an average 3% net revenue interest. As a result of this strong activity as well as our continued execution on our acquisition strategy, we have initiated average production guidance for the third quarter that implies roughly 4.5% growth relative to the second quarter. Importantly, the midpoint of our third quarter guidance implies an approximate 15% annualized growth rate in oil production per share relative to the fourth quarter of 2025. Strong underlying organic growth, combined with accretive acquisitions and opportunistic share repurchases is fundamental to Viper's value creation proposition. Turning to return of capital. For the second quarter, we are returning 75% of available cash for distribution to stockholders. This return of capital includes $132 million in share repurchases completing during the quarter as well as a combined base plus variable dividend of $0.67 a share. Looking ahead, yesterday, we announced an important evolution in our return of capital strategy. Going forward, we will be shifting to a framework, which includes a high base dividend and greater flexibility in how we allocate the balance of cash available for distribution. Effective beginning in the third quarter, our Board approved a 32% increase to …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Austen Gilfillian | President | USD 944,567 | Male | 1993 | Active |
Albert Barkmann | Executive Vice President & Chief Engineer | — | Male | 1981 | Active |
Teresa L. Dick | Executive Vice President, Chief Financial Officer & Assistant Secretary | — | Female | 1970 | Active |
Will Krueger | VP, General Counsel and Secretary | — | Male | — | Active |
Chip Seale | Director of Investor Relations | — | Male | — | Active |
Matthew Kaes Van't Hof | Chief Executive Officer & Director | — | Male | 1987 | Active |
VNOM's Riverbend acquisition expands its Permian royalty footprint and lifts 2026 production guidance, while development activity stays elevated.
Viper Energy, Inc. has completed several acquisitions. The latest was Riverbend. Recent deals, including the Riverbend acquisition, were likely negotiated before the sharp rise in commodity prices. VNOM's acquisition-driven growth is well-timed for a 'higher for longer' commodity price environment.
Viper Energy NASDAQ: VNOM said steady development activity across its mineral and royalty acreage supported second-quarter execution and prompted the company to initiate third-quarter average production guidance implying roughly 4.5% growth from the second quarter.
Viper Energy, Inc. (VNOM) Q2 2026 Earnings Call Transcript
Viper's Q2 earnings surpass estimates as higher production and realized oil prices drive strong growth and lift its 2026 outlook.
| Report Date | Employees | Form Type | Filing Date | SEC Filing |
|---|---|---|---|---|
| Dec 31, 2025 | 0 | 10-K | Feb 25, 2026 | View |
