Viper Energy (VNOM)
NASDAQEnergyOil & Gas MidstreamSnapshot 2026-09-04
$44.39-1.11%
Close 2026-09-04 · 1-day change
NASDAQEnergyOil & Gas MidstreamSnapshot 2026-09-04
QuarterlyIQ Insights · VNOM
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within energy on a research-validated quality screen. As of 2026-09-04.
The screen ranks VNOM against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Energy names rated strong grew net income 53% of the time over the next year (vs 58% for the rest of the cohort, n=1735).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Grow the base dividend steadily over time with a 32% increase approved for 2026, targeting a durable and growing payout protected down to $30 per barrel WTI.
Stated as a priority in 3 of last 3 quarters. The Board approved a 32% increase to the base dividend to $2.00 per share annually as of 2026-Q2, up from $1.52 in 2025-Q4, with the dividend expected to be protected down to $30 per barrel WTI. Quarterly base dividends remained steady at $0.38 per share in 2025-Q4, 2026-Q1, and 2026-Q2. The trajectory is delivering consistent growth and increased shareholder returns.
“Board approved a 32% increase to base dividend to $2.00 per Class A share annually.”
“Declared Q1 2026 base cash dividend of $0.38 per Class A common share.”
“Declared Q4 2025 base cash dividend of $0.38 per Class A common share.”
Continue opportunistic share repurchases and accretive acquisitions in minerals and royalty interests while maintaining financial discipline and flexibility.
Stated as a priority in 3 of last 3 quarters. Share repurchases totaled approximately 3.0 million shares for $132 million in 2026-Q2, 2.2 million shares for $96 million in 2026-Q1, and 2.4 million shares for $94 million in 2025-Q4. The company completed the Riverbend Acquisition in 2026-Q2 and announced further accretive M&A, demonstrating delivery on disciplined capital allocation with ongoing repurchases and strategic acquisitions.
Sustain and increase production volumes through organic development and acquisitions, supported by active well development and line-of-sight wells.
Stated as a priority in 3 of last 3 quarters. Production averaged 65,077 bo/d in 2026-Q2, up from 65,000 bo/d in 2026-Q1 and 66,413 bo/d in 2025-Q4. Full year 2026 production guidance was increased to 66,000 to 67,250 bo/d in 2026-Q2. Operational development included 691 gross wells turned to production in 2026-Q2, supporting sustained production growth. The trajectory is delivering consistent operational expansion.
Pursue accretive acquisitions to consolidate mineral and royalty interests, exemplified by the Riverbend Acquisition and other strategic transactions.
Stated as a priority in 2 of last 3 quarters. The Riverbend Acquisition was announced in 2026-Q1 and completed in 2026-Q2, adding 3,064 net royalty acres and expected to contribute approximately 2,000 bo/d production. A further acquisition agreement was announced in 2026-Q2. The company is delivering on its accretive acquisition strategy in the minerals and royalty sector.
Maintain leadership stability and enhance governance practices to support long-term company performance.
Newly stated in 2026-Q1. Management highlighted leadership continuity and governance strengthening as a priority. No direct financial metrics are available to assess delivery, so progress is qualitative and early.
“Leadership continuity and governance strengthening emphasized by management.”
Over the trailing year it converted 2.90x of net income into operating cash flow. Historically, Energy names rated robust grew net income 57% of the time over the next year (vs 38% for the rest of the cohort, n=996).
Most sensitive to the broad stock market and long-term interest rates.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
35 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Energy names rated volatile grew net income 53% of the time over the next year (vs 58% for the rest of the cohort, n=640).
Not investment advice. As of 2026-09-04.
“Repurchased approximately 3.0 million shares for $132 million; completed Riverbend Acquisition.”
“Repurchased 2.2 million shares for $96 million; announced Riverbend Acquisition agreement.”
“Repurchased 2.4 million shares for $94 million; increased share repurchase authorization by $1 billion.”
“Q2 2026 average production of 65,077 bo/d; increased full year 2026 production guidance to 66,000 to 67,250 bo/d.”
“Q1 2026 average production of 65,000 bo/d; 655 gross wells turned to production.”
“Q4 2025 average production of 66,413 bo/d; 739 gross wells turned to production.”
“Completed Riverbend Acquisition adding 3,064 net royalty acres and ~2,000 bo/d production.”
“Announced Riverbend Acquisition agreement expected to close early Q3 2026.”