Viper Energy, Inc. (VNOM) Earnings Call Transcripts

Viper Energy, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Viper Energy, Inc. reported strong production results that exceeded expectations, prompting an increase in full-year oil production guidance by approximately 2.5%. Revenue and earnings figures were robust, with a return of capital amounting to 90% of cash available for distribution, which included a dividend of $0.68 per share and stock repurchases. The company also announced the acquisition of Riverbend, enhancing its portfolio with additional royalty acres and production capacity, which could further drive growth in the upcoming quarters.

Reported metrics

Guidance from management

Management has increased the midpoint of their full-year oil production guidance by approximately 2.5%, indicating strong operational momentum. They expect continued growth driven by Diamondback's near-term activity and ongoing development of Viper's royalty interests.

What management said

Yes. I mean I'll give you a high level. We haven't booked a ton of third-party acceleration or faster development yet in our guide. I think I think it's likely to come, but we haven't seen -- we've seen the leading indicators. We haven't seen them kind of convert into DUCs and wells turning online. But I think if I was a betting man, today at these oil prices, things are going to accelerate throughout the basin.

No. We cleaned up all the non-Permian assets and use that to put the balance sheet in perfect shape. And I think we kind of see a wave of private equity backed mineral companies going to at least try to test the market here over the next couple of quarters to a year. And I think we're pretty prime from a positioning perspective to take advantage of that.

What analysts pressed on

Analysts expressed concerns regarding the pace of third-party activity and its impact on production growth. There were questions about the sustainability of the current high oil prices and how they might affect future capital allocation decisions.

Main topics on the call

• Increased Production Guidance — Viper Energy raised its full-year oil production guidance by about 2.5%, driven by strong activity from operators on its acreage. CEO Kaes Van't Hof stated, "this increased production outlook represents over 5% organic g...
• Riverbend Acquisition — The company announced the acquisition of Riverbend for $337 million, which includes over 3,000 net royalty acres and approximately 2,000 barrels of oil production per day. This acquisition is expected to complement Viper...
• Return of Capital Strategy — Viper returned 90% of cash available for distribution in Q1 2026, consisting of a $0.68 dividend and $0.28 in stock repurchases. Management emphasized their commitment to returning at least 75% of cash available for dist...
• M&A Activity Outlook — Management expressed optimism about future M&A opportunities, noting that they are positioned as a "buyer of choice for those midsized to larger deals." They anticipate a wave of private equity-backed mineral companies c...

Read the full Viper Energy, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Viper Energy, Inc. earnings call transcripts on record, spanning February 12, 2020 to August 4, 2026. Based on this history, Viper Energy, Inc. reports quarterly. The most recent call on file is dated August 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

VNOM

Exchange

NasdaqGS

Country

US

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

26

First call

February 12, 2020

Most recent

August 4, 2026

Reporting cadence

quarterly