VNOM · Viper Energy, Inc.
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AI Brief
Q2 FY26 earnings call · Aug 4, 2026TL;DR. Viper reported Q2 results and raised full-year 2026 production guidance while initiating Q3 guidance that implies ~15% annualized oil production growth per share. The Board approved a 32% increase to the annual base dividend to $2.00/share and shifted its return-of-capital framework away from the prior 75% of cash available for distribution commitment, opting instead for a durable base dividend plus opportunistic buybacks and M&A.
- + Q2 2026 production of 65,077 bo/d (134,363 boe/d) and ~$331 million consolidated net income
- + Raised full-year 2026 oil production guidance to 66,000-67,250 bo/d and initiated Q3 guidance of 67,500-68,500 bo/d implying ~4.5% sequential growth
- + Q3 guidance midpoint implies ~15% annualized oil production growth per share vs. Q4 2025
- + Board approved a 32% increase to the annual base dividend to $2.00/Class A share, implying a ~4.5% annualized yield
- + Continued accretive M&A with Riverbend closing July 1, 2026 and a pending ~933 net royalty acre drop-down from Diamondback expected late Q3 2026
- − Removed the prior commitment to return at least 75% of cash available for distribution each quarter, reducing the contractual floor on capital returns
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Oil & Gas Midstream — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
VNOM
this stock
Viper Energy, Inc.
|
$14.70B | +3.3% | +62.0% | 257.9 | 2.6% |
|
ENB
Enbridge Inc
|
$102.08B | -2.8% | — | — | 0.8% |
|
WMB
Williams Companies, Inc.
|
$84.72B | +13.1% | +13.8% | 27.6 | 2.0% |
|
EPD
Enterprise Products Partners L.P.
|
$79.36B | +11.1% | -6.4% | 12.7 | 0.8% |
|
ET
Energy Transfer LP
|
$69.52B | +19.9% | +3.5% | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| VNOM | -2.5% | -12.1% | -11.0% | -10.9% | +3.3% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -1.9% | -12.2% | -23.2% | -10.4% | -8.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.