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Viper Energy and VNOM Holding Company LLC adopted the OpCo DRIP on November 5, 2026, allowing holders to reinvest cash distributions in OpCo Units and receive matching Class B common stock. Issuances are capped at 72,178,273 OpCo Units.
Viper Energy raised full year 2026 production guidance to approximately 137 MBOE/d to 138 MBOE/d from 132.5 MBOE/d to 135 MBOE/d, following recent Permian Basin acquisitions and the pending Buckhorn Acquisition.
Viper Energy raised full year 2026 oil production guidance to a 67,500 barrels per day midpoint and initiated fourth quarter guidance of 70,000 to 71,000 barrels per day. The company generated $520 million of free cash flow in the quarter.
Viper Energy, Inc. reported Q3 2026 net income of $300 million and Adjusted EBITDA of $596 million, declared a $0.50 per Class A common share cash dividend, and raised full-year 2026 production guidance to 67,250 to 67,750 bo/d.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;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.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
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| active horizontal rigs | 104 | As of September 30, 2026 | — |
| Adjusted EBITDA non-GAAP | 2.13B | Twelve Months Ended September 30, 2026 | — |
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| Adjusted EBITDA attributable to Viper Energy, Inc. non-GAAP | 1.1B | Twelve Months Ended September 30, 2026 | — |
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| Adjusted EBITDA margin(1) non-GAAP | 93% | Twelve Months Ended September 30, 2026 | — |
| aggregate purchase price | $90M | third quarter of 2026 | — |
| Average daily combined volumes | 141,152 | Three Months Ended September 30, 2026 | — |
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| Average daily production | 69,076 | third quarter 2026 | — |
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| average estimated ultimate recovery | 80 | September 2026 | — |
| average hedged realized prices | $86.55 | third quarter 2026 | — |
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| average price | $43.01 | third quarter of 2026 | — |
| average unhedged realized prices | $87.65 | third quarter 2026 | — |
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| Combined price ($/boe)(2) | $50.52 | Three Months Ended September 30, 2026 | — |
| Combined price, hedged ($/boe)(3) | $49.51 | Three Months Ended September 30, 2026 | — |
| Combined volumes (Mboe) | 12,986 | Three Months Ended September 30, 2026 | — |
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| currently producing gross horizontal locations | 21 | September 2026 | — |
| Depreciation, depletion, and amortization | $15.86 | Three Months Ended September 30, 2026 | — |
| Effective cash tax rate attributable to Viper Energy, Inc. non-GAAP | 27.4% | Three Months Ended September 30, 2026 | — |
| Free Cash Flow non-GAAP | $520M | third quarter 2026 | — |
| Free Cash Flow margin non-GAAP | 79% | third quarter 2026 | — |
| General and administrative - cash component | $0.69 | Three Months Ended September 30, 2026 | — |
| General and administrative - non-cash stock compensation expense | $0.23 | Three Months Ended September 30, 2026 | — |
| gross acres | 60,000 | September 2026 | — |
| gross rigs operating on Viper's acreage | 104 | third quarter of 2026 | — |
| Gross rigs operating on Viper's acreage operated by Diamondback | 11 | third quarter of 2026 | — |
| Horizontal active development well count | 1,965 | Q3 2026 | — |
| horizontal wells turned to production | 689 | third quarter 2026 | — |
| Income taxes payable by Viper Energy, Inc. for the current period non-GAAP | 49M | Three Months Ended September 30, 2026 | — |
| Interest expense, net | $2.31 | Three Months Ended September 30, 2026 | — |
| Lease bonus income | $4M | third quarter 2026 | — |
| Less: Adjusted EBITDA attributable to non-controlling interest non-GAAP | 1.03B | Twelve Months Ended September 30, 2026 | — |
| Line of sight wells | 1,404 | Q3 2026 | — |
| Natural gas ($/Mcf) | $0.96 | Three Months Ended September 30, 2026 | — |
| Natural gas (MMcf) | 19,799 | Three Months Ended September 30, 2026 | — |
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| Natural gas liquids ($/Bbl) | $24.02 | Three Months Ended September 30, 2026 | — |
| Natural gas liquids (MBbls) | 3,331 | Three Months Ended September 30, 2026 | — |
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| Natural gas, hedged ($/Mcf)(3) | $0.66 | Three Months Ended September 30, 2026 | — |
| Net debt non-GAAP | 2.4B | As of September 30, 2026 | — |
| net royalty acres | 98,098 | As of September 30, 2026 | — |
| net royalty interest | 12% | September 2026 | — |
| Oil (MBbls) | 6,355 | Three Months Ended September 30, 2026 | — |
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| Operating cash flow before working capital changes non-GAAP | 520M | Three Months Ended September 30, 2026 | — |
| Pre-tax income (loss) attributable to Viper Energy, Inc. non-GAAP | 179M | Three Months Ended September 30, 2026 | — |
| production | 400 | September 2026 | — |
| Production and ad valorem taxes | $3.39 | Three Months Ended September 30, 2026 | — |
| shares repurchased | 2.1M | third quarter of 2026 | — |
| Total operating expense - cash | $4.08 | Three Months Ended September 30, 2026 | — |
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| undeveloped | 96% | September 2026 | — |
| Weighted average interest rate on the Revolving Credit Facility | 5.12% | the three months ended June 30, 2026 filing | — |
| Adjusted net income (loss) attributable to Viper Energy, Inc. non-GAAP | $148M | Three Months Ended June 30, 2026 | — |
| Cash available for distribution to Viper Energy, Inc. stockholders non-GAAP | $262M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted EBITDA attributable to Viper Energy, Inc. 339M
-65M Income taxes payable by Viper Energy, Inc. for the current period
-14M Debt service, contractual obligations, fixed charges and reserves
-6M Lease bonus income, net of tax
+8M Tax impact of divestiture
= Cash available for distribution to Viper Energy, Inc. stockholders 262M
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| consolidated adjusted net income non-GAAP | $345M | Q2 2026 | — |
| Declared Q2 2026 base cash dividend | $0.38 | Q2 2026 | — |
| Declared Q2 2026 variable cash dividend | $0.29 | Q2 2026 | — |
| Horizontal active development well count (gross) | 1,798 | As of July 1, 2026 | — |
| Line of sight wells (gross) | 1,589 | As of July 1, 2026 | — |
| Percent return of capital | 75% | Three Months Ended June 30, 2026 | — |
| Q2 2026 lease bonus income | $15M | Q2 2026 | — |
| Total liquidity | $2B | As of June 30, 2026 | — |
| Total Q2 2026 return of capital to Class A stockholders | $197M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
VNOM
this stock
Viper Energy, Inc.
|
$15.29B | +9.6% | +62.0% | 55.6 | 3.0% |
|
ENB
Enbridge Inc
|
$106.25B | -0.3% | — | — | 2.5% |
|
WMB
Williams Companies, Inc.
|
$84.51B | +14.9% | +13.8% | 27.2 | 2.4% |
|
EPD
Enterprise Products Partners L.P.
|
$82.55B | +19.4% | -6.4% | 12.7 | 0.8% |
|
KMI
Kinder Morgan, Inc.
|
$71.11B | +16.1% | +12.2% | 19.7 | 1.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
Viper Energy and VNOM Holding Company LLC adopted the OpCo DRIP on November 5, 2026, allowing holders to reinvest cash distributions in OpCo Units and receive matching Class B common stock. Issuances are capped at 72,178,273 OpCo Units.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| VNOM | +4.2% | -6.0% | -7.1% | -11.2% | +9.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +1.6% | -4.8% | -7.6% | -11.0% | -1.0% |
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.
