Stocks · Energy · Oil & Gas Midstream

Viper Energy, Inc. VNOM

$40.64 -0.12% Close, Oct 2, 2026 · NASDAQ · Market cap $14.63B

Strong growthHigh qualityExpensive vs sector

Next earnings report: Nov 2, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. Revenue over the last four quarters was $1.97B, up 103.0% from a year earlier, accelerating from 77.8% a quarter earlier.
  2. Diluted EPS over the last four quarters was $0.13, down 96.2% year over year.
  3. The diluted share count rose 53.6% in a year.

PromtFinance scores

Each score is a percentile within the Energy sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth91Exceptional

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Top 2%
  • EPS growth (TTM, YoY)Bottom 15%
  • Revenue growth, 3-year CAGRTop 17%
  • Revenue growth accelerationTop 7%
Quality87Strong

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalBottom 40%
  • Gross marginTop 26%
  • Operating marginTop 9%
  • Cash conversion (OCF / net income)Top 14%
  • Accruals (lower is better)Top 23%
  • Net debt / EBITDA (lower is better)Bottom 48%
  • Interest coverTop 29%
Value8Very weak

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldBottom 29%
  • Free-cash-flow yieldBottom 38%
  • EBITDA / enterprise valueBottom 25%
  • Sales / enterprise valueBottom 10%
  • P/E vs own 5-year history (lower is better)Bottom 3%
Momentum34Weak

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthBottom 43%
  • 6-month returnBottom 38%
  • 1-year return vs S&P 500Bottom 37%
  • Distance from 52-week highBottom 50%
  • Trend checklist (0–4)Bottom 18%
Revisions66Positive

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersTop 45%
  • Consecutive EPS beatsBottom 20%
  • Share of analysts rating BuyTop 8%
  • Upside to consensus price targetTop 37%
Stability72Positive

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Top 24%
  • Maximum drawdown, 3 yearsTop 29%
  • Beta vs S&P 500 (lower is better)Top 44%
  • Net debt / EBITDA (lower is better)Bottom 48%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)77.8%103.0%↑
EPS growth (YoY)-108.4%-96.2%↑
Gross margin60.9%51.7%↓
Operating margin58.7%48.9%↓
FCF margin-123.0%10.1%↑

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)103.0%77.8%↑Top 2%
EPS growth (TTM, YoY)-96.2%-108.4%↑Bottom 15%
Gross margin51.7%60.9%↓Top 26%
Operating margin48.9%58.7%↓Top 9%
Net margin3.0%38.2%↓—
Free-cash-flow margin10.1%-123.0%↑—
Return on invested capital5.3%—Bottom 40%
Revenue growth, 3-year CAGR15.8%—Top 17%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
3.00×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-11.9%
Stock-based compensation / revenueA cost to shareholders through dilution.
0.0%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
-79.1 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
1.49×
Interest cover (operating income / interest)How many times operating profit covers interest.
8.1×

Shareholder returns

Dividend yield (dividends paid, TTM)
4.21%
Net buyback yield (TTM)
2.82%
Shareholder yield
7.03%
Share count change, 1 year
+53.6%
Share count change, 3-year CAGR
+39.2%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
0
Beats in the last 8 reports
7 of 8
Average EPS surprise, last 4
+9.8%
Average 2-day reaction, last 8
-0.1%
Positive 20 days after report
4 of 8

Analysts

Consensus price target
$54.56
Target vs current price
+34.3%
Analysts with a rating
42
Share rating Buy or Strong Buy
88%
Consensus rating
Buy

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Aug 3, 2026-0.5%-2.1%-8.5%-1.0%—
May 4, 2026+27.8%+2.1%-6.2%-8.6%-13.5%
Feb 23, 2026+6.7%-1.5%+2.0%+5.4%+7.6%
Nov 3, 2025+5.3%+0.7%-0.0%+1.3%+11.8%
Aug 4, 2025+9.0%+2.5%+3.3%+8.9%+1.6%
May 5, 2025+20.0%-1.6%-3.6%-5.0%-10.8%
Feb 24, 2025+2.4%-2.1%-3.6%-8.5%-14.6%
Nov 4, 2024+4.3%+1.5%+4.4%+4.0%-10.1%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Aug 3, 2026$0.76$0.76-0.5%$677.0M
May 4, 2026$0.55$0.43+27.8%$511.0M
Feb 23, 2026$0.31$0.29+6.7%$435.0M
Nov 3, 2025$0.40$0.38+5.3%$418.0M
Aug 4, 2025$0.41$0.38+9.0%$297.0M
May 5, 2025$0.54$0.45+20.0%$245.0M
Feb 24, 2025$0.42$0.41+2.4%$228.7M
Nov 4, 2024$0.49$0.47+4.3%$209.4M

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)312.6×13.7×94thBottom 29%
P/E (forward)15.4×———
EV / EBITDA15.1×——Bottom 25%
EV / Sales8.24×——Bottom 10%
Free-cash-flow yield1.35%——Bottom 38%
Earnings yield0.32%——Bottom 29%

P/E over the past five years

Range 10.4× – 318.7× since Dec 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

What moved the stock over the past year

Price return, 1 year
+4.9%
Earnings per share growth (TTM)
-96.2%
Change in P/E multiple
+2520.8%

Most of the move came from earnings growth.

Technical state

Trend checklist

  • ✗ Price above 20-day average
  • ✗ Price above 50-day average
  • ✗ Price above 200-day average
  • ✗ 50-day average above 200-day
  • ✗ MACD histogram positive

Trend quality

Days above the 50-day average
0
Days above the 200-day average
0
50-day average slope (20 days)
-0.4%
200-day average slope (20 days)
+1.0%
Distance from 50-day average
-5.7%
Distance from 200-day average
-7.1%
RSI (14)
38.6
Relative volume
0.97×

Risk and drawdowns

Volatility, 60 days (annualized)
29.4%
Volatility vs own 5-year history
42th percentile · Normal for this stock
Beta vs S&P 500 (2 years, weekly)
0.37
Correlation with S&P 500
0.17
Current drawdown from 1-year high
-20.2%
Maximum drawdown, 3 years
-36.6%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Nov 22, 2024Nov 20, 2025-36.6%248 daysNot yet recovered
Jun 7, 2022Jul 6, 2022-32.4%19 days87 days (Nov 7, 2022)
Nov 7, 2022Jun 16, 2023-29.8%152 days170 days (Feb 21, 2024)
Mar 15, 2021Mar 30, 2021-19.3%11 days18 days (Apr 26, 2021)
Oct 18, 2021Dec 20, 2021-17.9%44 days12 days (Jan 6, 2022)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$14.63B
P/E (TTM)
312.6
EPS, diluted (TTM)
$0.13
Revenue (TTM)
$1.97B
Dividend yield
6.03%
52-week range
$35.10 – $51.13
FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$504.3M$865.8M$826.8M$859.7M$1.35B
Gross profit$368.8M$688.3M$630.3M$584.5M$645.0M
Operating income$361.6M$680.5M$620.2M$566.4M$579.0M
Net income$57.9M$151.7M$200.1M$359.2M-$68.0M
EPS (diluted)$0.85$2.00$2.69$3.82-$0.48
Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$209.4M$228.5M$245.0M$287.0M$393.0M$422.0M$496.0M$658.0M
Net income$48.9M$210.1M$75.0M$37.0M-$77.0M-$103.0M$97.0M$142.0M
EPS (diluted)$0.52$2.04$0.62$0.28-$0.52-$0.61$0.53$0.73
FY 2021FY 2022FY 2023FY 2024FY 2025
Operating cash flow$307.1M$699.8M$638.2M$619.6M$1.05B
Capital expenditure-$281.2M-$64.1M-$908.4M-$696.2M-$2.42B
Free cash flow$25.9M$635.7M-$270.2M-$76.6M-$1.37B
Dividends paid-$176.6M-$416.9M-$324.8M-$219.5M-$328.0M
Net share buybacks-$46.0M-$150.6M$104.8M$475.9M$1.04B

Cash outflows are shown as negative numbers.

Cash and short-term investments
$77.0M
Total assets
$12.05B
Total liabilities
$1.77B
Total debt
$1.68B
Net debt
$1.60B
Shareholders’ equity
$5.04B

As of Jun 30, 2026 (filed Aug 5, 2026).

Dividends

Ex-dateAmountPaid
Aug 13, 2026$0.67Aug 20, 2026
May 14, 2026$0.68May 21, 2026
Mar 5, 2026$0.52Mar 12, 2026
Nov 13, 2025$0.58Nov 20, 2025
Aug 14, 2025$0.53Aug 21, 2025
May 15, 2025$0.57May 22, 2025
Mar 6, 2025$0.65Mar 13, 2025
Nov 14, 2024$0.61Nov 21, 2024

Short interest

Shares sold short
9,339,431
Days to cover
8.17
Change vs previous report
-8.0%

FINRA short interest, settlement date Sep 15, 2026.