Viper Energy VNOM beats Q3 2026 estimates on acquisition-driven volume surge
As seen on the 24/7 Wall St. homepage on November 2, 2026.
Royalty volumes hit 69,076 barrels of oil per day, beating consensus on both lines as acquisitions outpace softer oil prices. Management raised full-year 2026 oil production guidance and declared a base dividend, with the Buckhorn deal still to close this quarter.
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Viper Energy posted third-quarter 2026 revenue of $661 million, beating expectations, its fourth straight quarter of exceeding EPS estimates.
Average daily oil production reached 69,076 barrels, lifted by the McElroy Ranch acquisition and a September royalty acreage drop-down from parent Diamondback Energy.
Management raised full-year 2026 oil production guidance to a midpoint of 67,500 barrels per day, with the fourth-quarter guide contingent on the pending Buckhorn acquisition closing on schedule. CEO Kaes Van't Hof said the company funded or expects to fund these acquisitions primarily with cash, keeping equity dilution minimal.
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The quarter was the first under a new return-of-capital structure, with a base dividend of $0.50 per Class A share declared on November 2 and payable November 19. The company also repurchased Class A shares during the quarter and into the fourth quarter.
Keep an eye on the stock as the Buckhorn closing underpins the fourth-quarter production guide and realized unhedged oil prices slipped sequentially to $87.65 per barrel. Acquisition-driven volume growth is offsetting softer prices, with year-end net debt near 1.0 times trailing twelve-month adjusted EBITDA.
Mentioned: VNOM