The earnings call presented strong growth in oil production and significant shareholder returns as highlights, supported by strategic asset sales and positive third-party activity. However, concerns over market valuation and tax implications of asset sales were noted as lowlights. The overall sentiment leans towards optimism due to the company's growth strategy and shareholder returns.

Company Guidance

During the Viper Energy Third Quarter 2025 earnings call, the company provided guidance indicating a robust growth trajectory, with a projected 20% increase in oil production per share for the fourth quarter compared to the previous year. For 2026, Viper anticipates mid-single-digit organic growth, suggesting double-digit year-over-year growth in oil production per share relative to 2025. Viper's capital return strategy was underscored by an 85% return of cash available for distribution to stockholders in the third quarter, resulting in a 48% increase in return of capital per Class A share from the prior quarter. This was complemented by over $90 million in share repurchases and $60 million retained on the balance sheet. The company also highlighted that, following its non-Permian asset sale, which contributes to reaching a net debt target of $1.5 billion, it intends to return nearly 100% of cash available for distribution to stockholders, primarily through a combined base plus variable dividend yielding over 6% annually.

Significant Oil Production Growth

Fourth quarter 2025 oil production guidance implies a roughly 20% increase in oil production per share compared to the same quarter last year. Double-digit year-over-year growth in oil production per share is expected in 2026 relative to 2025.

Strong Return of Capital

Returned 85% of cash available for distribution in the third quarter to stockholders. Combined base plus variable dividend represents a greater than 6% annualized yield, with a 10% increase from last quarter. Over $90 million of share repurchases completed during the quarter.

Non-Permian Asset Sale

Proceeds from the non-Permian asset sale will help achieve a net debt target of $1.5 billion, enabling the return of nearly 100% of cash available for distribution to stockholders.

Positive Third-Party Activity

Captured almost half of all third-party activity across the Permian Basin, with consistent capital deployment by operators outside of Diamondback.

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
Feb 24, 2026	2025 (Q4)	0.35 / -	1.93	―	―	―
Nov 03, 2025	2025 (Q3)	0.38 / 0.40	0.49	-18.37% (-0.09)
Aug 04, 2025	2025 (Q2)	0.38 / 0.41	0.61	-32.79% (-0.20)
May 05, 2025	2025 (Q1)	0.47 / 0.54	0.52	3.85% (+0.02)
Feb 24, 2025	2024 (Q4)	0.42 / 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)

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
Nov 03, 2025	$37.82	$36.70	-2.96%
Aug 04, 2025	$36.99	$36.93	-0.16%
May 05, 2025	$40.30	$38.90	-3.47%
Feb 24, 2025	$45.34	$43.17	-4.79%

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 Partners (VNOM) report earnings?

Viper Energy Partners (VNOM) is schdueled to report earning on Feb 24, 2026, After Close (Confirmed).

What is Viper Energy Partners (VNOM) earnings time?

Viper Energy Partners (VNOM) earnings time is at Feb 24, 2026, 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 (Q4) is 0.35.

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