NASDAQ$VNOM
VIPER ENERGY INC-CL A · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Viper Energy's financial performance improved in Q2 2024 with increased production and net income, alongside a boosted base dividend and strategic asset divestiture.
Viper Energy reported a strong Q2 2024, marked by a 3.7% increase in average production to 47,473 boe/d. The company's consolidated net income reached $122.2 million, with $56.9 million attributable to Viper Energy, Inc., or $0.62 per common share. Viper also increased its annual base dividend by 11% and closed the divestiture of non-Permian assets for $90.2 million.
- Average production increased by 3.7% to 47,473 boe/d.
- Consolidated net income was $122.2 million, with $56.9 million attributable to Viper Energy, Inc. ($0.62 per share).
- The annual base dividend was increased by 11% to $1.20 per share.
- Non-Permian assets were divested for approximately $90.2 million.
Headline financials
Revenue & EPS history
Viper Energy · Revenue · Quarterly
$215M
Revenue by segment
Viper Energy · $856M total across 5 segments · Q4 2025
- Royalty Income$422M—49.3%
- Oil Income$357M—41.7%
- Natural Gas Liquids Income$49M—5.7%
- Natural Gas Income$16M—1.9%
- Lease Bonus Income$12M—1.4%
Forward guidance
Viper Energy anticipates continued production growth in Q3 2024, with average daily production expected to be between 26,500 and 27,000 bo/d (47,500 to 48,500 boe/d). Full year 2024 average daily production is also expected to increase, ranging from 26,000 to 26,750 bo/d (46,750 to 48,250 boe/d).
Tailwinds
- Q3 2024 net production is guided at 26.50 - 27.00 MBo/d.
- Q3 2024 net production is guided at 47.50 - 48.50 MBoe/d.
- Full year 2024 net production is guided at 26.00 - 26.75 MBo/d.
- Full year 2024 net production is guided at 46.75 - 48.25 MBoe/d.
- Strong activity levels are expected across acreage position due to Diamondback's continued large-scale development.
Headwinds
- Depletion costs are expected to be $11.00 - $11.50 per boe.
- Cash G&A is expected to be $1.00 - $1.20 per boe.
- Non-Cash Share-Based Compensation is expected to be $0.10 - $0.20 per boe.
- Interest Expense is expected to be $4.00 - $4.25 per boe.
- Cash Tax Rate is expected to be 20% - 22% of Pre-Tax Income Attributable to Viper Energy, Inc.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.6%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+0.9%
Avg return
30 days after
55%
24 / 44 earnings
Positive
+9.1%
Q2 2019
Best reaction
-7.4%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.6% | -4.9% | -9.0% | |
| Q4 2025 | -0.5% | +3.5% | +6.4% | |
| Q3 2025 | -3.0% | -0.7% | +5.8% | |
| Q2 2025 | -0.2% | +0.8% | +4.1% | |
| Q1 2025 | -3.4% | -2.0% | -2.9% | |
| Q4 2024 | -4.8% | -1.6% | -6.2% | |
| Q3 2024 | +0.9% | +4.4% | -0.2% | |
| Q2 2024 | +7.0% | +12.8% | +15.2% | |
| Q1 2024 | -6.2% | -5.0% | -3.5% | |
| Q4 2023 | +0.9% | +1.8% | +6.5% | |
| Q3 2023 | +3.0% | +6.5% | +3.6% | |
| Q2 2023 | +7.8% | +8.1% | +5.9% | |
| Q1 2023 | -4.6% | -6.5% | -12.4% | |
| Q4 2022 | -2.4% | -3.9% | -10.4% | |
| Q3 2022 | -0.3% | -3.0% | -8.9% | |
| Q2 2022 | -0.2% | -6.0% | -0.7% | |
| Q1 2022 | +7.9% | +6.2% | +17.7% | |
| Q4 2021 | +5.1% | +8.7% | +14.6% | |
| Q3 2021 | +2.3% | +4.2% | -6.3% | |
| Q2 2021 | -0.2% | -0.4% | +2.2% | |
| Q1 2021 | +0.0% | +5.1% | +3.7% | |
| Q4 2020 | +5.1% | -1.8% | -2.7% | |
| Q3 2020 | +6.7% | +7.3% | +64.3% | |
| Q2 2020 | +0.9% | +0.1% | -5.9% | |
| Q1 2020 | -4.9% | +2.8% | +31.9% | |
| Q4 2019 | +3.2% | +8.5% | -65.7% | |
| Q3 2019 | -7.0% | -7.4% | -9.1% | |
| Q2 2019 | +9.1% | +6.8% | -1.3% | |
| Q1 2019 | -7.4% | -7.1% | -18.5% | |
| Q4 2018 | +2.3% | +0.3% | +4.0% | |
| Q3 2018 | -2.5% | -10.6% | -20.9% | |
| Q2 2018 | +4.3% | +1.3% | +5.2% | |
| Q1 2018 | +5.7% | +5.8% | +13.1% | |
| Q4 2017 | -3.8% | -5.4% | -5.6% | |
| Q3 2017 | +1.8% | +4.6% | +8.5% | |
| Q2 2017 | +3.5% | +3.0% | -0.6% | |
| Q1 2017 | +4.5% | +5.9% | +0.5% | |
| Q4 2016 | +0.3% | -1.2% | -0.7% | |
| Q3 2016 | +0.4% | +7.4% | +12.8% | |
| Q2 2016 | +1.0% | +3.9% | +0.9% | |
| Q1 2016 | -4.0% | — | — | |
| Q3 2015 | +2.0% | — | — | |
| Q2 2015 | -5.4% | — | — | |
| Q2 2014 | +4.5% | — | — | |
| Q4 2013 | — | — | — |
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