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
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.
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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
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
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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.
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FAQ
When does Viper Energy (VNOM) report earnings?
Viper Energy (VNOM) is schdueled to report earning on Aug 04, 2025, TBA Not Confirmed.
What is Viper Energy (VNOM) earnings time?
Viper Energy (VNOM) earnings time is at Aug 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.