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VNOM · Viper Energy

4 filings

10-Q

VNOM 10-Q Quarterly Reports

Viper Energy - 4 quarterly reports

Filing record · 2025–202610-K110-Q48-K17

2026-Q3
Viper Energy Quarterly Report for Q3 Ended Sep 30, 2026
Viper Energy, Inc. (VNOM) reported a strong third quarter of 2026, demonstrating robust operational performance and strategic growth. The company significantly increased its royalty income compared to the prior year, driven by a substantial rise in production volumes, largely due to strategic acquisitions like the Sitio, Riverbend, and McElroy Ranch transactions, as well as ongoing development activity. Net income attributable to Viper Energy, Inc. was $140 million for the three months ended September 30, 2026, a significant improvement from a net loss in the same period last year, showcasing effective cost management and favorable commodity prices. The company continues to actively manage its portfolio, evidenced by the divestiture of non-Permian assets in early 2026 and ongoing acquisitions. Management has also demonstrated a commitment to returning capital to shareholders through dividends and share repurchases. The increased availability under its Revolving Credit Facility and a solid cash flow position provide ample liquidity for ongoing operations and potential future growth initiatives, including the pending Buckhorn acquisition.
Nov 4, 2026
2026-Q2
Viper Energy Quarterly Report for Q2 Ended Jun 30, 2026
Viper Energy, Inc. reported second-quarter 2026 total operating income of $677 million, up from $297 million in the second quarter of 2025, and net income attributable to Viper Energy, Inc. of $142 million, or $0.73 per diluted share, versus $37 million, or $0.28 per share, a year earlier. Royalty income was $658 million, with oil income of $582 million. Production averaged 134,363 BOE/d in the quarter, and the company is raising its full-year 2026 production guidance to a range of approximately 132.5 MBOE/d to 135 MBOE/d. Average realized oil price was $98.28 per Bbl in the quarter versus $73.16 per Bbl in the first quarter of 2026. For the six months ended June 30, 2026, net cash provided by operating activities was $815 million. Balance sheet activity was significant in 2026. The company sold its non-Permian assets for net cash proceeds of approximately $610 million and used the proceeds to repay the $500 million Term Loan in full. Long-term debt, net, declined to $1.678 billion from $2.186 billion at year-end 2025. The Revolving Credit Facility was upsized to $2.00 billion and extended to June 2031, with $95 million outstanding and $1.91 billion available at June 30, 2026. Total liquidity was $1.99 billion. Subsequent to quarter end, the company closed the Riverbend Acquisition on July 1, 2026, for approximately $339 million in cash and 3,691,796 Class A shares, and agreed on August 3, 2026 to the Pending 2026 Drop Down, an exchange for 3,654,979 OpCo Units and Class B shares covering approximately 933 net royalty acres. Shareholder returns are changing. On July 30, 2026, the board approved a second-quarter 2026 dividend of $0.67 per Class A share, consisting of a $0.38 base and a $0.29 variable component, and raised the annual base dividend to $2.00 per share, payable in quarterly installments of $0.50 beginning with the third quarter of 2026. The company will no longer commit to returning at least 75% of cash available for distribution each quarter. As of June 30, 2026, approximately $1.01 billion remained under the repurchase program.
Aug 5, 2026
2026-Q1
Viper Energy Quarterly Report for Q1 Ended Mar 31, 2026
Viper Energy, Inc. reported first-quarter 2026 total operating income of $511 million, up from $245 million in the first quarter of 2025, with royalty income of $496 million and net income of $215 million (net income attributable to Viper Energy, Inc. of $97 million, or $0.53 diluted EPS). Production averaged 130,711 BOE/d, with oil income of $428 million. The company's first-quarter 2026 results reflect the full-quarter contribution of the Sitio Acquisition and 2025 Drop Down, as the filing attributes most of the 128% production growth year over year to those transactions. During the quarter, Viper divested its non-Permian assets for net cash proceeds of approximately $610 million, which were used to repay the $500 million Term Loan in full and fully repay $90 million of Revolving Credit Facility borrowings. Total debt fell to $1.60 billion at March 31, 2026, from $2.19 billion at December 31, 2025, and liquidity stood at $1.51 billion. The company also completed a secondary offering in March 2026 in which it received no proceeds, increased its repurchase authorization to $1.75 billion, and repurchased $96 million of securities during the quarter. Subsequent to quarter end, Viper agreed on May 1, 2026 to acquire Riverbend Oil & Gas IX for approximately $337 million in cash and 3,689,865 Class A shares, expected to close in the third quarter of 2026. Management estimates full-year 2026 production, excluding this acquisition, at approximately 126 to 130 MBOE/d, and a $0.68 per share first-quarter dividend was declared, payable May 21, 2026.
May 6, 2026
2025-Q3
Viper Energy Quarterly Report for Q3 Ended Sep 30, 2025
Viper Energy, Inc. reported a third-quarter 2025 net loss attributable to Viper Energy, Inc. of $77 million, compared with net income of $49 million in the third quarter of 2024, driven by a $360 million non-cash ceiling test impairment. Total operating income rose to $418 million from $211 million, and royalty income rose to $393 million from $209 million. For the nine months ended September 30, 2025, net income attributable to Viper was $35 million, versus $149 million a year earlier, with royalty income of $924 million compared with $629 million. The quarter was shaped by the August 19, 2025 all-equity Sitio Acquisition, valued at approximately $4.0 billion, which added about 34,300 net royalty acres. Production rose sharply: the filing states a 39% increase in production versus the second quarter, with about 58% of that growth attributed to Sitio. Viper ended the quarter with 95,846 net royalty acres, and the 2025 Drop Down and Morita Ranches Acquisition also contributed to growth. Diamondback owned approximately 43.0% of the voting power of the Company's Common Stock at September 30, 2025. Balance sheet leverage increased. Total debt, net was $2,621 million, and the company issued $1.6 billion of Guaranteed Senior Notes and a $500 million Term Loan. Liquidity was approximately $1.4 billion, including $53 million of cash and $1.3 billion of available borrowings under the 2025 Revolving Credit Facility. The company declared a third-quarter 2025 dividend of $0.58 per Class A share, and it agreed on October 30, 2025 to sell non-Permian assets for approximately $670 million, with closing expected in the first quarter of 2026. The filing also states that an additional material impairment in the fourth quarter of 2025 is reasonably likely.
Nov 5, 2025