Viper Energy

VNOM

Market cap $6.85B

Viper Energy (VNOM) reported earnings 30 days ago. What's next for the stock?

Viper Energy is part of the Diamondback Energy organization. VNOM plans to sell non-Permian acreage for under $700 million to reduce merger-incurred debt. The stock's pullback presents a potential buying opportunity, despite cyclical downturn risks.

Energy sector fundamentals are strengthening as both demand and supply are increasingly supported by governments and major organizations, reversing years of pessimism. Oil and natural gas demand is projected to grow through 2050, with the IEA and Goldman Sachs revising their outlooks upward, especially as renewables adoption slows. Midstream companies like WMB, KMI, TRP, ET, DT, and MPLX are poised to benefit from infrastructure expansion, alleviating supply bottlenecks and supporting future growth.

Oaktree reported holding nearly 6.3 million shares of Viper Energy, worth an estimated $240.2 million, at the end of the third quarter. The position represents 3.7% of Oaktree's 13F reportable assets.

VNOM's Q3 earnings beat estimates as surging oil-equivalent production offset lower realized prices and higher expenses.

Viper Energy remains a Buy, supported by strong fundamentals, a robust dividend, and the accretive Sitio Royalties acquisition fueling double-digit oil production growth. VNOM's Q3 report highlights 12% net oil production per share growth, expanding Permian royalty acreage, and diversification away from Diamondback. Solid cash flow, manageable debt maturities, and a flexible capital return policy position the company to withstand oil price volatility and benefit from macro tailwinds.

Viper Energy, Inc. ( VNOM ) Q3 2025 Earnings Call November 4, 2025 12:00 PM EST Company Participants Chip Seale Kaes Van't Hof - CEO & Director Austen Gilfillian - President and Director Conference Call Participants Neal Dingmann - William Blair & Company L.L.C., Research Division Wei Jiang - Barclays Bank PLC, Research Division Neil Mehta - Goldman Sachs Group, Inc., Research Division Kaleinoheaokealaula Akamine - BofA Securities, Research Division Derrick Whitfield - Texas Capital Securities, Research Division Leo Mariani - ROTH Capital Partners, LLC, Research Division Timothy Rezvan - KeyBanc Capital Markets Inc., Research Division Presentation Operator Good day, and thank you for standing by.

MIDLAND, Texas, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) (“Viper,” “we,” “our” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the third quarter ended September 30, 2025.

Energy stocks are deeply undervalued relative to the S&P 500, offering attractive risk/reward as AI and LNG trends drive future demand. Natural gas markets are entering a structurally tight phase, with surging LNG exports and data center growth set to boost prices starting next year. Select names like EQT, AR, VNOM, FANG, and PR, and Canadian producers offer high free cash flow yields, healthy balance sheets, and strong upside potential.

Viper Energy Partners (VNOM) completed the $4 billion Sitio acquisition. VNOM issued revised production guidance post-acquisition for the third quarter.  The slide below shows guidance for the second half of the fiscal year. Recent stock issuance has pressured VNOM's share price.