Viper Energy, Inc. (VNOM) Stock Forecasts

Viper Energy (VNOM) reported Q2 results with production up 57% YoY to 65,077 bbl/d and net income at $142M. The board increased the base dividend by 32% to $2.00/year but removed the 75% cash return commitment. The company acquired additional Permian acreage and raised 2026 production guidance. Net debt fell to $1.6B. The dividend change allows more flexibility for buybacks and acquisitions but reduces predictability for investors.

S&P Global Ratings upgraded Viper Energy Inc.'s (VNOM) outlook to positive, citing improved financials, cash flow, and production growth. The company expects 132,500-135,000 boe/d production in 2026, up from 50,000 boe/d in 2024. Reserves grew to 406 million boe by 2025. VNOM adjusted its capital return policy, focusing on a fixed dividend and share repurchases. Parent company Diamondback Energy (FANG) holds 40% equity in VNOM.

Texas Pacific Land (NYSE:TPL) reported $246.1M in Q2 revenue, up 31.2% YoY but missing estimates. Northern Oil and Gas (NYSE:NOG) saw revenue decline 7.9% YoY to $588.7M, beating expectations. Riley Exploration Permian (NYSE:REPX) reported $165.9M in revenue, up 94.2% YoY, exceeding estimates. Stocks reacted accordingly post-earnings.

Viper Energy (VNOM) reported Q2 2026 results: average production 65,077 bo/d, adjusted net income $345 million ($1.78/share), cash available for distribution $262 million ($1.37/share), and a 32% base dividend increase to $2.00/share annually. It returned $197 million to Class A holders and repurchased $132 million of shares. Q3 guidance is 67,500-68,500 bo/d. Viper also completed the Riverbend acquisition and agreed a Diamondback royalty-acres drop-down.

Viper Energy (VNOM) reported Q2 CY2026 results. Revenue rose 128% year on year to $677 million, beating Wall Street estimates by about 5%. Non-GAAP EPS was $0.76, about 8.7% below consensus. Free cash flow was $487 million, turning positive after a year-ago loss, while the stock was flat at $43.51 after the release.

TD Cowen analyst Menno Hulshof upgraded Vermilion Energy (VET) to buy from hold, citing improved risk/reward, portfolio repositioning, and an unchanged $18 target versus a $21.70 Street average. TD Cowen also adjusted targets for several Canadian energy stocks and discussed oil/FCF risks tied to U.S.-Iran and Strait of Hormuz flows. RBC Dominion initiated 5N Plus (VNP) with an outperform rating.