VNOM completes Sitio merger, boosting Q3 oil output outlook and positioning itself as a minerals and royalties leader.
Viper Energy, Inc. (NASDAQ:VNOM ) Q2 2025 Earnings Conference Call August 5, 2025 11:00 AM ET Company Participants Austen Gilfillian - President of Viper Energy Partners GP LLC Chip Seale - Corporate Participant Matthew Kaes Van't Hof - CEO & Director of Viper Energy Partners GP LLC Conference Call Participants Aaron Bilkoski - TD Cowen, Research Division Christopher Moore Baker - Evercore ISI Institutional Equities, Research Division Derrick Lee Whitfield - Texas Capital Securities, Research Division Leo Paul Mariani - ROTH Capital Partners, LLC, Research Division Neil Singhvi Mehta - Goldman Sachs Group, Inc., Research Division Paul Michael Diamond - Citigroup Inc. Exchange Research Wei Jiang - Barclays Bank PLC, Research Division Operator Good day, and thank you for standing by. Welcome to the Viper Energy Second Quarter 2025 Earnings Conference Call.
VNOM Q2 earnings and revenues gain on strong oil-weighted production growth, partially offset by rising expenses.
The headline numbers for Viper Energy (VNOM) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Viper Energy offers low-risk U.S. oil and gas exposure through mineral and royalty interests, benefiting from its strategic relationship with Diamondback and recent major acquisitions. The company expanded its acreage significantly via the Endeavor drop down and Sitio merger, positioning itself as a leading mineral owner in the Permian basin. Key risks include commodity price volatility, lack of control of acreage development, and asset conentration in the Permian.
Viper Energy's $4.1B all-stock Sitio deal highlights the resilience of the Permian Basin, even as oil prices slide in 2025.
VNOM's latest acquisition of Sitio Royalties is expected to be closed in the third quarter of 2025. The company has also announced a 10% increase in its base dividend.
Viper Energy (VNOM) reported earnings 30 days ago. What's next for the stock?
Viper closed on the dropdown transaction with Diamondback and expects 48,000 barrels per day in oil production going forward. This is over 60% higher than its Q4 2024 oil production. Viper's share count went up by a bit over 50% since late 2024 as it essentially paid for the deals with shares (directly and through an equity offering).
Viper Energy, Inc. (NASDAQ:VNOM ) Q1 2025 Earnings Conference Call May 6, 2025 11:00 AM ET Company Participants Chip Seale - Director of Investor Relations Kaes Van't Hof - Chief Executive Officer Austen Gilfillian - President Conference Call Participants Greta Drefke - Goldman Sachs Paul Diamond - Citi Derrick Whitfield - Texas Capital Leo Mariani - ROTH Tim Rezvan - KeyBanc Capital Markets Operator Good day, and thank you for standing by. Welcome to the Viper Energy First Quarter 2025 Earnings Conference Call.
VNOM Q1 earnings gain from higher crude oil, natural gas and natural gas liquids production, though the gain is partially offset by a revenue miss due to lower average oil-equivalent price realization.
Although the revenue and EPS for Viper Energy (VNOM) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.