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VNVNOM

Viper Energy (VNOM) Q4 FY25 earnings call

Earnings call· Dec 2025 (Q4 FY25)· Energy· Feb 24, 2026

Source: earnings call transcript

Viper Energy capped a transformational Q4 FY25 with significant Permian acreage expansion and robust oil production per share growth. The company strengthened its balance sheet, reducing net debt to approximately $1.6 billion, and substantially increased shareholder returns through a 15% higher base dividend and a $1 billion boost to its share repurchase authorization. Management anticipates continued mid-single-digit organic production growth in FY26, leveraging its high-quality asset base and strategic relationship with Diamondback.

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VNOM operating KPIs by quarter

VNOM operating KPIs stated on its earnings calls, by fiscal quarter
KPI Mar 2026 Q1 FY26 Jun 2026 Q2 FY26Change vs prior quarter
Gross horizontal wells turned to production
650+ And -- during the quarter, operators in our acreage turned more than 650 gross horizontal wells to production, led by Diamondback's 114 gross wells in the Midland Basin, with meaningful contributions from leading third-party operators across both the Midland and Delaware Basins. Source: earnings call transcript
691 During the quarter, operators turned 691 gross horizontal wells to production on our acreage in which Viper owned an average 3% net revenue interest. Source: earnings call transcript
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Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.