Viper Energy Stock Price, News & Analysis

Viper Energy (NASDAQ: VNOM) has successfully priced a $1.6 billion senior notes offering, consisting of $500 million in 4.900% notes due 2030 and $1.1 billion in 5.700% notes due 2035. The offering, priced at 99.902% and 99.636% of principal amounts respectively, is expected to close on July 23, 2025.

The proceeds will be used to redeem Viper Energy's existing 7.375% notes due 2031 and 5.375% notes due 2027. Additionally, if the previously announced Sitio Royalties Corp. acquisition closes, funds will be used to redeem Sitio's 7.875% notes due 2028 and repay its revolving credit facility.

The notes offering is being conducted through joint book-running managers including Goldman Sachs, Barclays, BofA Securities, and Wells Fargo Securities.

Viper Energy (NASDAQ:VNOM), a subsidiary of Diamondback Energy (NASDAQ:FANG), has scheduled its second quarter 2025 earnings conference call for August 5, 2025, at 10:00 a.m. CT. The company will release its Q2 2025 financial results after market close on August 4, 2025.

The earnings call will be accessible via webcast on Viper's website under the "Investor Relations" section, with a replay available after the call. Viper Energy specializes in owning and acquiring oil and gas properties in North America, with a primary focus on oil-weighted assets in the Permian Basin, West Texas.

Viper Energy (NASDAQ:VNOM) announced the acquisition of Sitio Royalties (NYSE:STR) in an all-equity transaction valued at $4.1 billion, including $1.1 billion in net debt. The deal involves 0.4855 shares of Class A common stock for each Sitio share, valued at $19.41 per share. The merger creates a leading mineral and royalty company with approximately 85,700 net royalty acres in the Permian Basin. The combined entity expects Q4 2025 production of 64-68 mbo/d and projects mid-single-digit growth in 2026. Viper also announced a 10% increase in its base dividend to $1.32 per share annually. The transaction, expected to close in Q3 2025, will be 8-10% accretive to cash distribution and generate over $50 million in annual synergies. Diamondback Energy will maintain a 41% ownership stake in the combined company.

Viper Energy (NASDAQ:VNOM) reported strong Q1 2025 financial results with net income of $153M and production of 31,311 bo/d. The company declared a total Q1 dividend of $0.57 per Class A share, comprising a $0.30 base and $0.27 variable dividend. A significant milestone was the completion of the Drop Down transaction with Diamondback Energy, acquiring mineral and royalty subsidiaries for $1.0B in cash and 69.6M OpCo units. Following this, Viper received a BBB- investment grade rating from Fitch. The company reported 442 gross wells turned to production in Q1 with an average lateral length of 11,946 feet. Viper maintains its 2025 production guidance of 41,000-43,500 bo/d despite market volatility. The company's financial position remains strong with $560M cash and $830M debt as of Q1 end, with active share repurchases totaling $9M in Q2 2025.

Viper Energy (NASDAQ: VNOM) has completed its previously announced Drop Down transaction with Diamondback Energy (NASDAQ: FANG). The deal involves acquiring mineral and royalty interest-owning subsidiaries from Diamondback for $1.0 billion in cash and 69.6 million Operating Company units with equivalent Class B Common Stock shares.

The acquired assets comprise 22,847 net royalty acres in the Permian Basin, with approximately 69% operated by Diamondback. Viper funded the cash portion through a public offering of Class A Common Stock and credit facility borrowings. Post-transaction, Diamondback owns approximately 53.7% of Viper's voting common stock. The transaction received approval from Viper's audit committee, board of directors, and stockholders.

Viper Energy (NASDAQ: VNOM) has released its Q1 2025 financial and operating update. The company reported average production of 31,311 bo/d (57,367 boe/d) for the quarter. Average unhedged realized prices were $71.33 per barrel of oil, $24.52 per barrel of natural gas liquids, and $2.08 per Mcf of natural gas.

The company achieved hedged realized prices of $70.26 per barrel of oil, $24.52 per barrel of natural gas liquids, and $3.74 per Mcf of natural gas, resulting in commodity hedging gains of $9.1 million. In Q2 2025 (as of April 15), Viper has repurchased 176,771 shares at an average price of $37.27 per share, totaling $6.6 million. The company maintains $427.6 million remaining on its current share buyback authorization.

Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, has scheduled its first quarter 2025 earnings release for May 5, 2025, after market close. The company will host a conference call and webcast for investors and analysts on May 6, 2025, at 10:00 a.m. CT to discuss the quarterly results.

Viper Energy, focused on oil and gas properties in North America with emphasis on the oil-weighted Permian Basin in West Texas, will make the earnings call available via webcast on their corporate website under the Investor Relations section. The webcast replay will be accessible following the live call.

Viper Energy (VNOM) reported strong Q4 2024 results with average production of 29,859 bo/d (56,109 boe/d) and consolidated net income of $272.8 million. The company declared a Q4 base cash dividend of $0.30 plus a variable dividend of $0.35 per Class A share, implying a 5.4% annualized yield.

For full year 2024, VNOM achieved average production of 27,156 bo/d, generated consolidated adjusted EBITDA of $782.2 million, and increased proved reserves by 9% to 195,873 Mboe. The company announced two significant transactions: a $1.0 billion Drop Down acquisition from Diamondback Energy expected to close in Q2 2025, and the completed Quinn Ranch Acquisition for $211.0 million.

Looking ahead, VNOM projects Q1 2025 production of 30,000-31,000 bo/d. Upon closing the Drop Down, production is expected to increase to 47,000-49,000 bo/d for the remainder of 2025. The company maintains strong liquidity with $1.0 billion available and ended Q4 with net debt of $1.1 billion.

Viper Energy (NASDAQ: VNOM) announced a significant leadership transition, with Travis D. Stice stepping down as Chief Executive Officer, effective immediately. Kaes Van't Hof, the current President, will succeed as CEO, while Austen Gilfillian will be promoted from Vice President to President.

The transition represents the culmination of a thorough succession planning process. Stice, who led Viper since its 2014 IPO, will continue to contribute through his position on the Board. The company also announced additional promotions, with Trevor Stoltz becoming Vice President of Business Development and John Phillips assuming the role of Vice President of Land.

The Board expressed confidence that the new leadership team will continue to drive Viper's growth and maintain its position as a leader in the public mineral and royalties space, particularly focusing on future growth through consolidation in the fragmented minerals market.