Viper Energy Inc

VNOM

Equity

ISIN null / Valor 130684808

NASDAQ (2025-11-21)

USD 35.99+0.42%

Viper Energy Inc
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About company

Viper Energy Inc. is a company that specializes in the acquisition and management of mineral and royalty interests in oil and natural gas properties. These interests offer the company perpetual ownership rights, allowing it to benefit from high-margin assets without the need for capital investment, thereby supporting sustainable free cash flow. Operating as a variable distribution partnership, Viper Energy is structured to be treated as a corporation for U.S. federal income tax purposes. This structure enables the company to efficiently manage its financial operations while providing returns to its stakeholders. Viper Energy's business model focuses on leveraging its portfolio of largely undeveloped assets to generate revenue through royalty payments from oil and gas production, positioning it as a key player in the energy sector.

Summarized from source with an LLMView SourceSector: Energy

Production

Q3 2025 average production was 56,087 barrels of oil per day (108,859 boe/d). The company turned 739 gross horizontal wells to production in the quarter with an average lateral length of 10,947 feet (pro forma for Sitio).

Profitability & Adjusted Results

Consolidated net loss for Q3 2025 was $197 million (including non‑controlling interest); net loss attributable to Viper was $77 million, or $0.52 per Class A share. Adjusted (pro forma) consolidated net income was $156 million, or $1.04 per Class A share — impairment was the primary driver of the GAAP loss.

Cash Available for Distribution & Dividends

Pro forma cash available for distribution to Class A shares was $165 million ($0.97 per Class A share). The Board declared a Q3 base dividend of $0.33 and a variable dividend of $0.25 per Class A share (total $0.58 per share), payable November 20, 2025.

Capital Return & Share Repurchases

Viper returned $140 million of capital in Q3 2025 (≈$0.83 per Class A share), representing 85% of pro forma cash available for distribution. The company repurchased 2.4 million Class A shares in Q3 for ~$90 million (avg. $38.42) and repurchased an additional ~860k shares through Oct 31, 2025 for ~$32 million (avg. $37.34).

Operations, M&A and Asset Sales

On August 19, 2025 Viper closed the Sitio acquisition (all‑equity, ~ $4.0 billion). The company entered into a definitive agreement to sell its non‑Permian assets for $670 million, expected to close in Q1 2026 (effective Sept 1, 2025).

Guidance & Outlook

Viper initiated Q4 2025 production guidance of 65,000–67,000 bo/d (124,000–128,000 boe/d). Management expects mid‑single digit organic oil production growth in 2026 from Q4 2025 estimated production, and highlighted intent to allocate most cash available for distribution to base + variable dividends while opportunistically repurchasing shares.

Prices, Operating Income & Drivers

Q3 2025 unhedged realized prices: $64.34/bo for oil, $1.02/Mcf for gas, $19.07/bo for NGLs (total $39.24/boe). Hedged realized total was $40.04/boe. Total operating income for the quarter was $418 million.

Balance Sheet & Liquidity

As of Sept 30, 2025 Viper had $443 million of cash (including $390 million restricted), $2.6 billion of total debt and reported net debt of $2.2 billion. Subsequent to quarter end the company redeemed $380 million of 2027 notes on Nov 1, 2025; on Sept 30, remaining long‑term debt included 2030 and 2035 notes and borrowings on its term loan and revolver, with roughly $1.3 billion of availability and ~$1.4 billion total liquidity.

Summarized from source with an LLMView Source

Key figures

-34.2%1Y

14.8%3Y

256%5Y

Performance

36.7%1Y

32.9%3Y

39.5%5Y

Volatility