The earnings call reflected a balanced sentiment with strong production performance and strategic transactions positioning Viper well, despite challenges posed by market volatility and lower commodity prices. The company remains optimistic about leveraging its strong balance sheet and investment-grade status to navigate the current environment.

Company Guidance -

Q2 2025

During the first quarter of 2025, Viper Energy reported higher-than-expected oil and total production, surpassing the high end of their guidance ranges. Despite entering a period of lower commodity prices and significant market volatility, Viper Energy is confident in its financial resilience due to its high free cash flow margins and high-quality assets. The company recently completed a transformative drop-down transaction with Diamondback, which closed on May 1, 2025, and is expected to maintain leverage below one times even in a sustained $50 per barrel WTI environment. Viper issued approximately 28 million shares in January to fund the transaction, resulting in net proceeds of roughly $1.3 billion, but did not receive any production or cash flow from the acquired assets during the quarter. Consequently, their Q1 dividend was $0.57 per share, approximately $0.07 lower than it would have been otherwise. The company chose to retain around $25 million of incremental capital for future allocation decisions. Despite potential sustained weakness in commodity prices, Viper expects its production to remain durable and is maintaining its guidance for oil production for the latter half of 2025.

Strong Q1 Production

Oil and total production exceeded the high end of the guidance ranges for the first quarter of 2025.

Transformative Drop-Down Transaction

The transformative transaction between Viper and Diamondback closed on May 1, 2025, positioning Viper well despite market volatility.

Investment Grade Upgrade

Viper was upgraded to investment grade by Fitch, enhancing its access to capital and financial stability.

Opportunistic Share Repurchases

Viper took advantage of market volatility to repurchase shares, demonstrating confidence in its long-term strategy.

Viper Energy (VNOM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VNOM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 04, 2025	2025 (Q2)	0.37 / -	0.61	―	―	―
May 05, 2025	2025 (Q1)	0.47 / 0.54	0.52	3.85% (+0.02)
Feb 24, 2025	2024 (Q4)	0.43 / 1.93	0.67	188.06% (+1.26)
Nov 04, 2024	2024 (Q3)	0.47 / 0.49	1.1	-55.45% (-0.61)
Aug 05, 2024	2024 (Q2)	0.49 / 0.61	0.47	29.79% (+0.14)
Apr 30, 2024	2024 (Q1)	0.44 / 0.52	0.53	-1.89% (-0.01)
Feb 20, 2024	2023 (Q4)	0.48 / 0.67	0.28	139.29% (+0.39)
Nov 06, 2023	2023 (Q3)	0.48 / 1.10	0.98	12.24% (+0.12)
Jul 31, 2023	2023 (Q2)	0.31 / 0.47	0.43	9.30% (+0.04)
May 01, 2023	2023 (Q1)	0.33 / 0.53	0.23	130.43% (+0.30)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VNOM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 05, 2025	$40.86	$39.44	-3.48%
Feb 24, 2025	$45.97	$43.77	-4.79%
Nov 04, 2024	$50.85	$50.55	-0.59%
Aug 05, 2024	$37.20	$40.81	+9.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Viper Energy (VNOM) report earnings?

Viper Energy (VNOM) is schdueled to report earning on Aug 04, 2025, After Close (Confirmed).

What is Viper Energy (VNOM) earnings time?

Viper Energy (VNOM) earnings time is at Aug 04, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VNOM EPS forecast?

VNOM EPS forecast for the fiscal quarter 2025 (Q2) is 0.37.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing