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Gotrade News - Viper Energy (VNOM), a subsidiary of Diamondback Energy, reported third-quarter 2026 net income of $300 million on Monday, November 2, 2026, according to Viper's official release. The company also declared a base cash dividend of $0.50 per Class A share and raised its full-year production guidance.
Regular-session close on November 2, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com.
Viper Energy Earnings Details
For the third quarter ended September 30, 2026, Viper reported net income of $300 million, a net income margin of 45%, and total operating income of $661 million, according to the release. Adjusted EBITDA was $596 million and free cash flow was $520 million (both non-GAAP measures), while cash flows from operating activities were $447 million. Average daily production was 69,076 barrels of oil per day (bo/d), or 141,152 barrels of oil equivalent per day (boe/d).
The Board declared a base cash dividend of $0.50 per Class A common share for the third quarter, payable on Thursday, November 19, 2026, to Class A stockholders of record at the close of business on Thursday, November 12, 2026. Viper repurchased approximately 2.1 million Class A shares for approximately $90 million during the quarter.
In September, Viper acquired approximately 7,359 net royalty acres in Upton and Crane Counties for approximately $529 million (the McElroy Ranch Acquisition). On September 14, 2026, it also agreed to acquire mineral and royalty interests from Buckhorn Minerals for $280 million in cash and approximately 1.8 million Class A shares, a deal it expects to close in the fourth quarter of 2026.
Why It Matters for VNOM
Chief Executive Officer Kaes Van't Hof said average daily oil production grew "more than six percent quarter over quarter on the strength of recent acquisitions and continued development activity." The company raised its full-year 2026 average daily production guidance to 67,250 to 67,750 bo/d (137,000 to 138,000 boe/d) and, including the pending Buckhorn deal, initiated fourth-quarter 2026 guidance of 70,000 to 71,000 bo/d. Van't Hof said the quarter was the first under Viper's new return of capital framework.
Van't Hof said the two acquisitions add "nearly 60 net locations across two largely undeveloped assets" and that Viper funded, or expects to fund, them primarily with cash. Viper expects pro forma net debt of approximately $2.4 billion at year-end 2026, or approximately 1.0x last twelve months Adjusted EBITDA.
What to watch next: Viper Energy pays its $0.50 third-quarter base cash dividend on Thursday, November 19, 2026, to Class A stockholders of record at the close of business on Thursday, November 12, 2026.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
