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Viper Energy (VNOM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended March 2026, Viper Energy Partners (VNOM - Free Report) reported revenue of $511 million, up 108.6% over the same period last year. EPS came in at $0.55, compared to $0.54 in the year-ago quarter.

The reported revenue represents a surprise of +0.92% over the Zacks Consensus Estimate of $506.33 million. With the consensus EPS estimate being $0.43, the EPS surprise was +27.91%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Viper Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Average daily combined volumes: 130,711.00 BOE/D versus 126,878.20 BOE/D estimated by seven analysts on average.
  • Average sales prices - Natural gas liquids: $17.94 versus the four-analyst average estimate of $21.34.
  • Average sales prices - Natural Gas: $0.88 versus $2.05 estimated by four analysts on average.
  • Production - Crude Oil: 5,850.00 MBBL versus 5,709.05 MBBL estimated by four analysts on average.
  • Average sales prices - Crude Oil: $73.16 versus the four-analyst average estimate of $69.73.
  • Total Production: 11,764.00 MBOE versus 11,380.46 MBOE estimated by four analysts on average.
  • Production - NGL: 2,899.00 MBBL versus 2,812.22 MBBL estimated by four analysts on average.
  • Production - Natural Gas: 18,088.00 MMcf versus 17,156.21 MMcf estimated by four analysts on average.
  • Oil income: $428 million compared to the $391.46 million average estimate based on three analysts. The reported number represents a change of +112.9% year over year.
  • Natural Gas Liquids Income: $52 million versus $59.72 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +85.7% change.
  • Natural Gas Income: $16 million versus $52.22 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.
  • Lease bonus income: $15 million versus $4.5 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1400% change.

View all Key Company Metrics for Viper Energy here>>>

Shares of Viper Energy have returned +7.4% over the past month versus the Zacks S&P 500 composite's +10% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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