Viper Energy, Inc. (VNOM) Stock Price & Analysis
Viper Energy, Inc. (VNOM) closed at USD 45.35 on Thursday, October 22, 2026, down 0.72% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 45.68; the Oct 22, 2026 session ranged USD 44.42–46.02 on volume of 1,847,951 shares. Market capitalization is $16.29B, with a 52-week range of USD 35.1–51.13 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:37 UTC.
Also available as compact Markdown for AI agents: nexqual.com/VNOM.md
Key facts (VNOM)
- Last four reported quarters (through Jun 30, 2026): revenue $2.04B, net income $59.0M (2.9% margin) (SEC filings).
- Valuation: P/E 276.1x (avg 12.2x at the last 2 fiscal year-ends), net debt $1.60B.
- Earnings quality: non-operating income -$95.0M vs operating income $251M over the last four quarters; P/E excluding non-operating income ≈133.8x (estimate: non-operating income taxed at the company's 34% effective rate).
- 1 of 80 tracked superinvestors hold VNOM (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Buy (mean 1.67 on a 1–5 scale) (21 analysts), mean target USD 55.3 (range 45–65).
- Total return with dividends: 1Y +26.4% vs S&P 500 +14.9%; 5Y +159.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 0.66, revenue estimate $609M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (VNOM)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $828M | $861M | $1.40B | $2.04B |
| Operating income | $620M | $567M | -$140M | $251M |
| Net income | $200M | $359M | -$68.0M | $59.0M |
| EPS (diluted) | $2.69 | $3.82 | -$0.48 | — |
| Operating margin | 74.9% | 65.9% | -10.0% | 12.3% |
| Net margin | 24.2% | 41.7% | -4.9% | 2.9% |
| Revenue growth | — | +4.0% | +62.0% | — |
| Cash + short-term investments | $26.0M | $27.0M | $13.0M | — |
| Total debt | — | $1.08B | $2.19B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (VNOM)
P/E 276.1x · P/E ex non-operating (est.) ≈133.8x · P/S 8.0x · EV/Sales 8.8x · P/B 3.2x · Earnings yield 0.36% · Dividend yield (paid, TTM) 2.46% · Net debt $1.60B · EV $17.9B
P/E at fiscal year-ends: Dec 2024 12.8x, Dec 2023 11.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (VNOM)
1 of 80 tracked investors hold VNOM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Howard Marks | Oaktree Capital | 4.25% | $161M | Unchanged |
Analysts (VNOM)
Consensus Buy (mean 1.67 on a 1–5 scale), 21 analysts; mean target USD 55.3 (low 45, high 65).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Scotiabank | Initiated | Sector Outperform | $54 |
| 2026-10-15 | Morgan Stanley | Target raised | Overweight | $46 → $47 |
| 2026-10-14 | Truist Securities | Target raised | Buy | $52 → $53 |
| 2026-10-09 | Citigroup | Target lowered | Buy | $57 → $52 |
| 2026-10-09 | RBC Capital | Target raised | Outperform | $55 → $57 |
| 2026-09-03 | Seaport Global | Initiated | Buy | $54 |
| 2026-08-17 | Barclays | Target lowered | Overweight | $60 → $58 |
| 2026-08-04 | Mizuho | Target lowered | Outperform | $58 → $56 |
| 2026-07-20 | Truist Securities | Target lowered | Buy | $58 → $52 |
| 2026-06-29 | Morgan Stanley | Target lowered | Overweight | $49 → $46 |
Total return (dividends reinvested) (VNOM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +26.4% | +159.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +26.5% | +20.9% |
| Volatility (annualized) | 28.2% | 36.1% |
| Max drawdown | -19.4% (May 2026→Jul 2026) | -33.4% (Nov 2024→Jul 2025) |
VNOM revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Oil income | $582.0M | 88.4% | +141.5% |
| Natural gas liquids income | $75.0M | 11.4% | +108.3% |
| Natural gas income | $1.0M | 0.2% | -90.0% |
| Total revenue | $658.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
VNOM suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | General | “References to the "General Partner" refer to Viper Energy Partners GP LLC, our general partner prior to the Conversion.” |
| Partner | Viper Energy Partners GP | “References to the "General Partner" refer to Viper Energy Partners GP LLC, our general partner prior to the Conversion.” |
Quoted from the company's 10-K filed Feb 25, 2026.
Companies that name VNOM in their SEC reports
| Relationship to VNOM | Company | Filing | Sentence |
|---|---|---|---|
| partner | Solaris Energy Infrastructure, Inc. (SEI) | 10-K Feb 27, 2026 | “Since March 2023, Ms. Argo has served on the board of directors of Viper Energy, Inc. (NASDAQ: VNOM) ("Viper") (prior to Viper's conversion from a limited partnership to a corporation, Ms. Argo served on the board of the general partner).” |
| partner | Diamondback Energy, Inc. (FANG) | 10-K Feb 25, 2026 | “On August 19, 2025, Viper and Viper LLC completed a series of transactions in which Viper Energy, Inc. (formerly known as New Cobra Pubco, Inc., "New Viper") acquired Sitio, Sitio Royalties Operating Partnership, LP ("Sitio OpCo") and their respective subsidiaries, pursuant to the Agreement and Plan of Merger, dated June 2, 2025, by and among VNOM Sub, Inc. (formerly known as Viper Energy Inc., "Former Viper"), Vi…” |
| partner | ProPetro Holding Corp. (PUMP) | 10-K Feb 19, 2026 | “He currently serves on the boards of Viper Energy, Inc. and CES Energy Solutions Corp and is a partner at Geneses Investments.” |
VNOM customer concentration
In the period ended Dec 31, 2025, 2 direct customers each accounted for at least 10% (55%, 14%) of revenue, per the company's 10-K filed Feb 25, 2026. The company does not name them.
VNOM company outlook (results filed Aug 3, 2026)
- “This increased base dividend, which would imply a 4.5% annualized yield at today's stock price, is expected to be fully protected down to approximately $30 per barrel WTI and will represent approximately 50% of cash available for distribution at $70 per barrel WTI.”
- “Reflecting this momentum, we are increasing our full year 2026 production guidance while initiating third quarter guidance that implies continued growth in oil production per share driven by both organic and inorganic growth," said Kaes Van't Hof, Chief Executive Officer of Viper.”
- “Our Board approved a 32% increase to our base dividend to $2.00 per Class A share annually, a level we expect to be fully protected down to approximately $30 per barrel WTI and which represents approximately 50% of cash available for distribution at $70 per barrel WTI.”
- “The 1,798 gross wells currently in the process of active development are those wells that have been spud and are expected to be turned to production within approximately the next six to eight months.”
Quoted word-for-word from the SEC 8-K results press release.
VNOM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.66 | $0.63 | +5.5% | $609.0M | 16 |
| Next quarter (ends Dec 2026) | $0.82 | $0.63 | +30.3% | $645.8M | 16 |
| Current fiscal year (ends Dec 2026) | $2.71 | $2.63 | +3.2% | $2.44B | 16 |
| Next fiscal year (ends Dec 2027) | $2.64 | $2.42 | +9.1% | $2.39B | 15 |
VNOM options: expected move
Options price a move of about ±7.2% (±$3.28) by Nov 20, 2026, which includes earnings on Nov 2, 2026. Over the last 4 reports the stock moved ±1.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 31.5% | ±7.2% |
| Dec 18, 2026 | 56 | 30.2% | ±9.4% |
| Mar 19, 2027 | 147 | 32.7% | ±16.5% |
| May 21, 2027 | 210 | 31.4% | ±18.8% |
| Jun 17, 2027 | 237 | 32.3% | ±20.3% |
30-day implied volatility 30.7% vs 30.5% realized over the last 30 trading days. Put/call ratio (volume) 0.03. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:37 UTC)
| Price | USD 45.35 |
|---|---|
| Change | ▼ 0.72% (down) |
| Previous Close | USD 45.68 |
| Open | USD 45.8 |
| Day Range | USD 44.42 – 46.02 |
| 52-Week Range | USD 35.1 – 51.13 |
| Volume | 1,847,951 shares |
| Market Cap | $16.29B |
| Exchange | NMS |
Technical Analysis (VNOM)
Nexqual's technical model rates VNOM "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 10:37 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 61.01 (neutral) |
| vs SMA50 | Above (USD 43.39) |
| MACD | 0.78 (positive) |
Analyst Ratings (VNOM)
Wall Street analysts rate VNOM "Buy" based on 21 analysts, with a mean price target of USD 55.3 (range USD 45–65), per Nexqual as of October 23, 2026 at 10:37 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 21 |
| Mean Target | USD 55.3 |
| High Target | USD 65 |
| Low Target | USD 45 |
| Buy / Hold / Sell | 21 / 0 / 0 |
Earnings (VNOM)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD 0.66 |
| Revenue Estimate | $609.00M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.76 vs est 0.8 ▼ miss |
| 2026-03-31 | USD 0.55 vs est 0.53 ▲ beat |
| 2025-12-31 | USD 0.31 vs est 0.31 ▼ miss |
| 2025-09-30 | USD 0.4 vs est 0.39 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Financials & Fundamentals (VNOM)
| Total Revenue | $1.93B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +115.20% |
| Gross Margin | +100.00% |
| Operating Margin | +66.98% |
| Profit Margin | +3.05% |
| ROE | +1.09% |
| Debt / Equity | 0.16 |
| Current Ratio | 6.37 |
| Total Cash | $77.00M |
| Total Debt | $1.68B |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Financial Health Score (VNOM)
Nexqual rates Viper Energy, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 10:37 UTC.
| Growth | Strong — Revenue +62% YoY (annual) |
|---|---|
| Profitability | Strong — Operating margin 67% |
| Balance Sheet | Strong — $77M cash and investments vs $1.68B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $1.05B (FY ended Dec 2025, 10-K) |
| Efficiency | Weak — ROE 1%, ROA 6.2% |
Ownership (VNOM)
| Insider Ownership | +0.22% |
|---|---|
| Institutional Ownership | +102.53% |
| Shares Outstanding | 194.41M |
| Float | 178.21M |
| Short % of Float | +5.99% |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Leadership (VNOM)
Viper Energy, Inc. is led by Matthew Kaes Van't Hof, CEO & Director, per Nexqual as of October 23, 2026 at 10:37 UTC.
| CEO & Director | Matthew Kaes Van't Hof |
|---|---|
| President | Austen Gilfillian |
| Executive VP, CFO & Assistant Secretary | Teresa L. Dick |
| Director of Investor Relations | Chip Seale |
Major Backers & Investors (VNOM)
Notable institutional backers of Viper Energy, Inc. include Capital Group, Kimmeridge Energy Management Company, LLC, Price (T.Rowe) Associates Inc, according to Nexqual as of October 23, 2026 at 10:37 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Capital Group | 13.62% |
| Kimmeridge Energy Management Company, LLC | 8.07% |
| Price (T.Rowe) Associates Inc | 4.6% |
| Wellington Management | 4.47% |
| AMERICAN BALANCED FUND | 3.17% |
| FIL LTD | 2.9% |
| Income Fund of America | 2.84% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.89% |
| Vanguard Group | 8.99% |
| State Street | 3.89% |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Legal & Regulatory Risks from Viper Energy, Inc.'s Latest 10-K (filed 2026-02-25)
- We are subject to cybersecurity and data privacy risks. A cyber incident could occur and result in information theft, data corruption, operational disruption and/or financial loss.
- The provision of our certificate of incorporation requiring exclusive venue in the Court of Chancery in the State of Delaware for certain types of lawsuits may have the effect of discouraging lawsuits against us and our directors, officers and stockholders.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PAA | Plains All American Pipeline, L | USD 25.9 | ▲ 0.04% |
| WES | Western Midstream Partners, LP | USD 44.46 | ▼ 0.27% |
| DTM | DT Midstream, Inc. | USD 123.4 | ▼ 0.87% |
| FRO | Frontline Plc | USD 51.22 | ▼ 0.14% |
| AM | Antero Midstream Corporation | USD 20.61 | ▼ 0.67% |
| KNTK | Kinetik Holdings Inc. | USD 54.64 | ▼ 1.89% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:37 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt