NASDAQ$VNOM

VIPER ENERGY INC-CL A · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Viper Energy reported Q2 2025 revenue of $287.0M, net income of $84.0M, diluted EPS of $0.28.

For Q2 2025, Viper Energy reported Revenue was $287.0M, net income was $84.0M, diluted EPS was $0.28. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $287.0M for Q2 2025.
  • Net income $84.0M.
  • Diluted EPS $0.28.

Headline financials

Total Revenue

$287M

Previous: $215M+33.2%
EPS (adj)

$0.28

Previous: $0.61-54.1%
Average Daily Oil (bo/d)

41.6K

No prior period
Average Daily Combined (boe/d)

79.3K

No prior period
Oil Realized Price

$63.64

No prior period
Natural Gas Realized Price

$0.99

No prior period
NGL Realized Price

$20.70

No prior period
Combined Realized Price

$39.78

No prior period
Gross Wells Turned to Production

302

No prior period
Net 100% Royalty Wells

6.5

No prior period
Average Lateral Length (feet)

12.8K

No prior period
Net Royalty Acres

61.3K

No prior period
Net Income

$84M

Previous: $122M-31.3%
Operating Income

$297M

Previous: $217M+37.1%

Revenue & EPS history

Viper Energy · Revenue · Quarterly

$287M

Q2 2025+33.2%vs Q2 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Viper Energy · $856M total across 5 segments · Q4 2025

  • Royalty Income
    $422M
  • Oil Income
    $357M
  • Natural Gas Liquids Income
    $49M
  • Natural Gas Income
    $16M
  • Lease Bonus Income
    $12M

Forward guidance

Energy and midstream outlook ties to commodity prices, volumes, and capital returns.

Tailwinds

  • Production and throughput volumes.
  • Dividends and balance-sheet flexibility.

Headwinds

  • Commodity price volatility.
  • Regulatory and project execution risk.

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 2025

Historical avgQ2 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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