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Viper Energy
(NASDAQ:VNOM)
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Rating:64Neutral
Price Target:
$44.00
▼(-3.08% Downside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by negative net income and sharply negative free cash flow despite strong operating cash generation and improving leverage. Offsetting factors include a constructive earnings call (beat-and-raise guidance, strong shareholder returns, and accretive tuck-in M&A) and a reasonable valuation supported by a ~4.68% dividend yield, while technicals are mixed but generally stable over longer timeframes.
Positive Factors
Royalty business model (low capex, recurring cash)
Viper's minerals-and-royalty structure generates revenue without bearing operator capital or operating costs, creating a durable, low-capital-intensity cash stream. This model scales via acquisitions and sustains distributable cash through operator-led production activity over multi-quarter horizons.
Negative Factors
Negative net income and weak profitability
Persistent net losses indicate non-operating charges, taxes, or financial items that are eroding bottom-line profitability despite strong operating margins. Continued negative net income can depress retained earnings and limit long-term dividend sustainability if non-operating drains persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Royalty business model (low capex, recurring cash)
Viper's minerals-and-royalty structure generates revenue without bearing operator capital or operating costs, creating a durable, low-capital-intensity cash stream. This model scales via acquisitions and sustains distributable cash through operator-led production activity over multi-quarter horizons.
Read all positive factors
Viper Energy Key Performance Indicators (KPIs)
Any
Revenue by Type
Breaks down revenue into oil, gas, NGLs and other streams so you can see what really drives cash flow. The mix shows exposure to different commodity prices and helps explain why revenue moves up or down even when total production is steady.
Breaks down revenue into oil, gas, NGLs and other streams so you can see what really drives cash flow. The mix shows exposure to different commodity prices and helps explain why revenue moves up or down even when total production is steady.
Data provided by:
The Fly
The FlyViper Energy (VNOM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.52B
Dividend Yield6.08%
Average Volume (3M)1.98M
Price to Earnings (P/E)―
Beta (1Y)0.47
Revenue Growth78.85%
EPS Growth-108.36%
CountryUS
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)-0.31
Shares Outstanding191,523,540
10 Day Avg. Volume2,298,266
30 Day Avg. Volume1,976,227
Financial Highlights & Ratios
PEG Ratio0.71
Price to Book (P/B)1.24
Price to Sales (P/S)4.09
P/FCF Ratio-4.02
Enterprise Value/Market Cap1.18
Enterprise Value/Revenue10.73
Enterprise Value/Gross Profit23.16
Enterprise Value/Ebitda24.49
Forecast
1Y Price Target
$57.69Price Target Upside27.08% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)2.6
Revenue Forecast (FY)$2.34B
Viper Energy Business Overview & Revenue Model
Company Description
Viper Energy Partners LP is an entity dedicated to the ownership, acquisition, and development of oil and natural gas assets across North America. By the end of 2021, the company had established mineral interests encompassing 27,027 net royalty ac...
How the Company Makes Money
Viper Energy makes money primarily by collecting royalties and other payments tied to oil and natural gas production from properties where it owns mineral and/or royalty interests. When an operator (often a third-party E&P company) drills and prod...
Viper Energy Earnings Call Summary
Earnings Call Date:May 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 03, 2026
Earnings Call Sentiment Positive
The call was predominately positive: production outperformed, full-year guidance midpoint was raised (~2.5%), organic growth >5% vs 2025 exit, a strategic tuck-in (Riverbend) adds ~2,000 bbl/d and ~3,000 net acres, and strong capital returns (90% of CAD) alongside ~90% free cash flow margins and a healthy balance sheet. Headwinds are chiefly execution risks from market volatility, unmodeled third-party acceleration upside, higher Q1 cash taxes, and some potential share overhang from prior secondary activity. On balance, the constructive operational results, disciplined capital allocation, and accretive M&A pipeline outweigh the risks discussed.Positive Updates
Production Beat and Guidance Raise
Q1 production exceeded expectations with operators turning >650 gross horizontal wells to production (Diamondback led with 114 gross wells). Management increased the midpoint of full-year oil production guidance by ~2.5% and stated the updated outlook represents over 5% organic growth versus pro forma 2025 exit rate.
Negative Updates
Market Volatility Making Deals Harder
Management acknowledged it is 'tough to get deals done' in the current volatile market; bid-ask dynamics have widened and could impede execution despite visible supply.
Read all updates
Q1-2026 Updates
Positive
Negative
Production Beat and Guidance Raise
Q1 production exceeded expectations with operators turning >650 gross horizontal wells to production (Diamondback led with 114 gross wells). Management increased the midpoint of full-year oil production guidance by ~2.5% and stated the updated outlook represents over 5% organic growth versus pro forma 2025 exit rate.
Read all positive updates
Company Guidance
Viper said Q1 production exceeded expectations and raised the midpoint of full‑year oil production guidance by roughly 2.5%, which the company says represents over 5% organic growth versus its pro‑forma 2025 exit rate, after operators turned more than 650 gross horizontal wells to production in the quarter (including Diamondback’s 114 Midland Basin wells); Q1 return of capital was $0.94 per share (90% of cash available for distribution) comprised of a $0.68 dividend and $0.28 of repurchases, and management reiterated a commitment to return at least 75% of cash available for distribution (previously targeting 100% if net debt was ≤ $1.5 billion pre‑Riverbend); they also announced the Riverbend acquisition of >3,000 net royalty acres and ~2,000 bopd for $337 million cash plus 3.7 million Class A shares, and expect cash tax rates to remain near 27%–30%.Viper Energy Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.60B | 1.35B | 859.75M | 826.79M | 865.77M | 504.30M |
| Gross Profit | 740.00M | 645.00M | 584.45M | 630.27M | 688.32M | 368.75M |
| EBITDA | 700.00M | 478.00M | 792.20M | 740.80M | 783.42M | 395.23M |
| Net Income | -46.00M | -68.00M | 359.25M | 200.09M | 151.67M | 57.94M |
Balance Sheet | ||||||
| Total Assets | 12.05B | 12.67B | 5.07B | 3.97B | 2.92B | 3.03B |
| Cash, Cash Equivalents and Short-Term Investments | 28.00M | 13.00M | 26.85M | 25.87M | 18.18M | 39.45M |
| Total Debt | 1.60B | 2.19B | 1.08B | 1.08B | 576.89M | 776.73M |
| Total Liabilities | 1.68B | 2.31B | 1.16B | 1.12B | 598.85M | 801.19M |
| Stockholders Equity | 5.11B | 4.45B | 1.69B | 1.01B | 690.01M | 814.09M |
Cash Flow | ||||||
| Free Cash Flow | -4.41B | -1.37B | -76.63M | -270.17M | 635.66M | 25.94M |
| Operating Cash Flow | 1.18B | 1.05B | 619.61M | 638.19M | 699.80M | 307.11M |
| Investing Cash Flow | -1.36B | -2.42B | -608.57M | -908.37M | 47.57M | -281.18M |
| Financing Cash Flow | -355.00M | 1.36B | -10.05M | 277.86M | -768.64M | -5.61M |
Viper Energy Technical Analysis
Negative
45.40
Price Trends
45.69
Negative
45.28
Negative
41.19
Negative
Market Momentum
-1.26
Positive
24.87
Positive
7.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VNOM, the sentiment is Negative. The current price of 45.4 is above the 20-day moving average (MA) of 43.36, below the 50-day MA of 45.69, and above the 200-day MA of 41.19, indicating a bearish trend. The MACD of -1.26 indicates Positive momentum. The RSI at 24.87 is Positive, neither overbought nor oversold. The STOCH value of 7.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VNOM.
Viper Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $14.75B | 31.70 | 9.82% | 2.70% | 22.22% | 23.30% | |
76 Outperform | $7.87B | 13.21 | 64.33% | 8.45% | 7.06% | 13.61% | |
74 Outperform | $17.20B | 14.09 | 34.98% | 9.13% | 11.43% | -8.64% | |
67 Neutral | $15.88B | 16.74 | 11.77% | 8.54% | -9.94% | 43.70% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | $14.52B | ― | -1.05% | 6.08% | 78.85% | -108.36% | |
64 Neutral | $18.61B | 24.66 | 14.67% | 8.03% | -9.94% | 34.19% |
* Energy Sector Average
VNOM
Viper Energy
40.48
5.88
17.00%
PAA
Plains All American
22.27
5.37
31.78%
WES
Western Midstream Partners
43.69
8.27
23.35%
PAGP
Plains GP Holdings
24.17
6.36
35.68%
HESM
Hess Midstream Partners
38.18
3.34
9.59%
DTM
DT Midstream
144.23
42.23
41.40%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.