📈 Price History

Ratio Health

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By Category

📊 Peer Medians

About

Viper Energy, Inc. owns, acquires, and exploits oil and natural gas properties in North America. It focuses on owning and acquiring mineral and royalty interests in the Permian Basin. Viper Energy, Inc. was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc. in November 2023. Viper Energy, Inc. was founded in 2013 and is based in Midland, Texas. Viper Energy, Inc. operates as a subsidiary of Diamondback Energy, Inc.

Key Ratios Snapshot

📈 Growth Pattern

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📊 Quick Scorecard

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⭐ Superinvestors Holding VNOM

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	1.54M	$72.3M	0.09%	Mar 2026
Jim Simons Renaissance Technologies LLC	797.3K	$37.5M	0.06%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management uses definitive language like 'strong oil production growth', 'highly confident', and 'unique combination of organic growth and accretive acquisitions'. They provide specific targets: 15% per-share oil growth for 2026 and mid-single-digit absolute growth from Q4 2025 pro forma levels.

Q3 2025

Confident Specific

CEO explicitly stated 20% oil production per share growth, 48% increase in return of capital per share vs prior quarter, and line of sight to return nearly 100% of cash available for distribution. Language like 'executed on growth strategy', 'unmatched ability to deliver sustained per share growth', and 'differentiated return of capital profile' shows conviction with specific metrics.

Q4 2025

Confident Specific

Management cited specific achievements: $8 billion mineral acquisitions, 7% oil production per share growth, 15% base dividend increase, $1 billion buyback authorization, 90% cash return in Q4, and guidance for mid-single-digit production growth from Q4 exit rate. Language was direct and data-rich throughout.

Q1 2026 latest

Confident Specific

Management led with production exceeding expectations and increased full year oil production guidance by ~2.5%, and provided precise details on Riverbend acquisition ($337M cash + 3.7M shares for ~2,000 bbl/d) and return of capital (90% CAD distributed). No hedging or defensive language.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Production outperformance and a raised guidance midpoint, combined with the accretive Riverbend acquisition that deepens inventory and operator diversification, signal durable organic and inorganic growth. Management's disciplined capital allocation (90% CAD returned, quick debt paydown plan) reinforces free cash flow generation. Key watch items next quarter: conversion of third-party DUCs into production, pace of further M&A, and whether the increased activity from higher oil prices materializes into additional production upside. The commitment to return excess cash to shareholders while investing in growth supports per-share value creation.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Viper Energy turns 650+ wells, acquires Riverbend for $337M+shares, guides 5% growth

Revenue & Profitability

Specific revenue and net income figures were not provided on the call. The company reported a return of capital of $0.94 per share, representing 90% of cash available for distribution, consisting of a $0.68 dividend and $0.28 in stock repurchases. The midpoint of full-year 2026 oil production guidance was increased by roughly 2.5%. Cash taxes are expected to run at 27%-30% of pre-tax income.

Outlook

Management views the current oil price environment as supportive of activity acceleration across the Permian. The backwardated strip allows underwriting deals at a moderate flat oil price ($65-$70 per barrel). They are cautiously optimistic about a wave of private-equity-backed mineral exits over the next few quarters to a year, but emphasise discipline in valuation.

Growth Drivers

Organic growth is driven by Diamondback's accelerated activity and continued development of Viper's high-concentration royalty acreage, with the 2026 production guidance raised 2.5% (representing over 5% organic growth vs the pro forma 2025 exit rate). Inorganic growth comes from M&A such as the Riverbend acquisition, which adds about 2,000 bbl/d of production. The company expects a steady production build of roughly 1,000 bbl/d per quarter after Q2 2026.

Balance Sheet & CapEx

Not discussed in this earnings call beyond noting that Viper has low or zero capital expenditure requirements. The company financed the Riverbend acquisition with cash and shares without accessing equity markets, and plans to pay down the associated debt quickly.

Margins

Austen Gilfillian stated that Viper enjoys 90% free cash flow margins due to its low-cost mineral business model. This allows the company to simultaneously pay large dividends, repurchase shares, invest in acquisitions, and reduce debt. Cash taxes are guided at 27%-30% of pre-tax income.

Key Risks

Risks flagged include oil price volatility affecting M&A bid-ask spreads; execution risk in converting DUCs and permits to production faster than modelled; and potential overhang from unnatural holders (as seen with Diamondback's earlier sale). Management also noted the challenge of getting deals done despite a favourable supply outlook.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-04

Strong Q2 execution drove sequential production growth and a 15% annualized oil production per share increase. The capital return strategy shifted to a higher, more durable base dividend and flexible cash allocation, with ongoing share buybacks and robust M&A activity.

Q1 2026 Q1 2026 2026-05-05

Production outperformed in Q1 2026, leading to raised full-year guidance and a major Riverbend acquisition. Capital returns remain strong, with 90% of cash distributed, and the company is well-positioned for further growth and M&A in a robust market.

Q4 2025 Q4 2025 2026-02-24

Over $8 billion in acquisitions drove a 2.5x acreage increase and 7% oil production per share growth. Strong balance sheet, higher dividends, and robust third-party activity support mid-single digit organic growth in 2026.

Q3 2025 Q3 2025 2025-11-04

Strong Q3 results driven by the CTO acquisition and organic growth, with a 20% year-over-year increase in oil production per share and a 48% quarter-over-quarter rise in return of capital per share. Aggressive capital returns, debt reduction, and continued growth are expected into 2026.

Q2 2025 Q2 2025 2025-08-05

Strong Q2 oil production growth and transformative acquisitions position the business for sustained organic and accretive growth into 2026, with a focus on capital returns and operational efficiency. Share buybacks are prioritized amid perceived undervaluation.

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