What is the revenue and EPS growth rate for Viper Energy year over year?

What does Viper Energy do and what are its main business segments?

What is Viper Energy's gross profit margin?

What guidance did Viper Energy's management provide for the next earnings period?

What is the market's earnings forecast for Viper Energy next quarter?

What factors drove the changes in Viper Energy's revenue and profit?

Did Viper Energy beat or miss consensus estimates last quarter?

What is Viper Energy's latest dividend and current dividend yield?

- **Production Growth**: Q4 2025 oil production per share up 20% YoY, with 2026 mid-single-digit growth driven by Sitio and third-party activity.
- **Capital Return**: Q3 returned 85% of cash via 10% dividend hike and $90M buybacks, total return +48% Q/Q.
- **Balance Sheet**: $610M asset sale proceeds reduce debt to ~$0, enabling 100% cash return to shareholders.
- **AI Advantage**: Automating data processes for 35,000 wells, enhancing efficiency and long-term growth potential.
- **Share Buybacks**: Aggressive counter-cyclical buying to capitalize on undervalued shares, with flexibility to scale based on market conditions.

**【CEO Summary Section】**
- **Q4 2025 Production Growth**: Oil production per share is expected to increase by ~20% year-over-year, driven by the Sitio acquisition and organic growth.
- **2026 Outlook**: Anticipates mid-single-digit organic oil production growth from Q4 2025 levels, translating to double-digit per share growth.
- **Return of Capital**: Returned 85% of cash available for distribution in Q3, including a 10% dividend increase and $90 million in share buybacks. Total return of capital per share rose 48% Q/Q.
- **Balance Sheet Strength**: Post-non-Permian asset sale, net debt is expected to approach $1.5 billion, enabling ~100% cash return to shareholders.
- **AI Integration**: Leveraging Sitio's expertise in automation and data analytics to reduce manual processes and enhance operational efficiency.

**【Q&A Highlights】**
- **Asset Sale Proceeds**: Net proceeds of ~$610 million will reduce debt to ~$0 on the revolver and term loan, enhancing financial flexibility.
- **Third-Party Activity**: Viper captures ~50% of third-party Permian activity, with NRIs averaging 1.5%, supporting growth despite basin-wide softness.
- **Buyback Strategy**: Aggressively repurchasing shares (~$90M in Q3) due to market dislocation, with plans to continue if the stock remains undervalued.
- **AI Synergies**: Automating data tracking for 35,000 wells to improve efficiency, with potential long-term monetization opportunities.
- **Dividend Policy**: Prioritizes cash returns, with buybacks as a secondary tool to enhance per share metrics over time.

Viper Energy, Inc. (VNOM) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

VNOM

VNOM fundamentals

You can ask Aime