NASDAQ$VNOM
VIPER ENERGY INC-CL A · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Reported a fourth quarter net loss driven by impairment, with strong production growth and higher operating income year over year.
Viper reported Q4 2025 total operating income of 435000000, up from 229000000 in the prior year, driven by higher oil, natural gas and NGL income. Net loss attributable to Viper was 103000000 primarily due to a 408000000 non-cash impairment charge, while production volumes more than doubled year over year.
- Total operating income increased to 435000000 from 229000000 year over year.
- Net loss attributable to Viper was 103000000 due to a 408000000 impairment.
- Average daily oil production rose to 66413 bo/d from 29859 bo/d.
- 739 gross horizontal wells were turned to production with 13.0 net royalty wells.
Headline financials
Revenue & EPS history
Viper Energy · Revenue · Quarterly
$435M
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
For Q1 2026, the company expects net production between 62500 and 64500 bo/d (124000 to 128000 boe/d). For full year 2026, net production is expected between 61000 and 67000 bo/d (120000 to 132000 boe/d).
Tailwinds
- Base dividend increased 15% to 1.52 annually.
- Share repurchase authorization increased by 1000000000.
- Approximately 1200000000 remains under buyback authorization.
- Strong active development inventory of 1388 gross wells.
- Line-of-sight inventory of 1370 gross wells.
Headwinds
- Q4 net loss driven by 408000000 impairment.
- Higher depletion expense of 234000000.
- Net debt of 2192000000 as of December 31, 2025.
- Commodity price volatility impacting realized prices.
- Exposure to third-party operator development timing.
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 Q4 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
| 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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