The earnings call highlighted strong production growth and strategic acquisitions, with a clear plan for returning capital to shareholders. However, market reactions to recent acquisitions and the integration of non-Permian assets present some challenges. Overall, the sentiment leans positive due to strategic growth and capital return plans.

Company Guidance -

Q3 2025

During the Viper Energy Second Quarter 2025 Earnings Conference Call, CEO Matthew Kaes Van't Hof provided guidance highlighting significant organic growth and strategic acquisitions. Viper Energy anticipates over 15% year-over-year growth in Diamondback-operated net oil production, with a mid-single-digit percentage increase in full-year 2026 average production from expected Q4 2025 levels. Additionally, oil production per share is projected to be approximately 15% higher in 2026 compared to 2025. The guidance also emphasized the strategic acquisition of Sitio Royalties, expected to close post-August 18, 2025, adding substantial scale and inventory depth. This acquisition aligns with Viper's strategy to maintain a strong balance sheet, targeting a pro forma net debt of $1.5 billion, representing approximately 1 turn of leverage at $50 WTI. Viper plans to return $0.56 per share to stockholders this quarter, representing 75% of cash available for distribution, with a potential to return up to 100% of available cash when net debt is at or below the target.

Strong Oil Production Growth

Despite oil price volatility, Viper Energy delivered strong oil production growth both on an absolute and per-share basis in the second quarter of 2025.

Acquisition of Sitio Royalties

Viper Energy announced a definitive agreement to acquire Sitio Royalties in an all-equity transaction, adding substantial scale and inventory depth, supporting production profile over the next decade with an expected 15% year-over-year growth in oil production.

Return of Capital Commitment

Viper Energy is returning $0.56 per share to stockholders this quarter, representing 75% of their cash available for distribution, with plans to return all excess cash up to 100% once net debt is at or below $1.5 billion.

Increased Third-Party Operator Activities

Viper Energy witnessed increased third-party operator activities on their assets despite a broader industry slowdown, benefiting from consistent development plans from major operators like Exxon, Oxy, EOG, and Conoco.

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
Nov 10, 2025	2025 (Q3)	0.36 / -	0.49	―	―	―
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)
Jul 31, 2023	2023 (Q2)	0.31 / 0.47	0.43	9.30% (+0.04)

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
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%
Nov 04, 2024	$50.15	$49.86	-0.58%

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 Nov 10, 2025, After Close (Confirmed).

What is Viper Energy (VNOM) earnings time?

Viper Energy (VNOM) earnings time is at Nov 10, 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 (Q3) is 0.36.

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