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Viper Energy (VNOM) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended June 2026, Viper Energy Partners (VNOM - Free Report) reported revenue of $677 million, up 128% over the same period last year. EPS came in at $0.76, compared to $0.41 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $633.9 million, representing a surprise of +6.8%. The company delivered an EPS surprise of +4.11%, with the consensus EPS estimate being $0.73.

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: 134,363.00 BOE/D versus 126,490.30 BOE/D estimated by eight analysts on average.
  • Average sales prices - Natural gas liquids: $23.83 compared to the $21.24 average estimate based on five analysts.
  • Production - Crude Oil: 5,922.00 MBBL compared to the 5,879.96 MBBL average estimate based on four analysts.
  • Average sales prices - Oil, hedged: $96.42 versus the four-analyst average estimate of $90.05.
  • Average sales prices - Natural gas, hedged: $1.48 versus $1.30 estimated by four analysts on average.
  • Production - Natural Gas: 18,949.00 MMcf versus the four-analyst average estimate of 16,979.81 MMcf.
  • Production - NGL: 3,147.00 MBBL compared to the 2,805.34 MBBL average estimate based on four analysts.
  • Royalty income: $658 million versus $604.29 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +129.3% change.
  • Lease bonus income: $11 million versus $8.18 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +10% change.
  • Oil income: $582 million compared to the $521.6 million average estimate based on four analysts. The reported number represents a change of +141.5% year over year.
  • Natural Gas Liquids Income: $75 million versus the four-analyst average estimate of $57.89 million. The reported number represents a year-over-year change of +108.3%.
  • Natural Gas Income: $1 million versus $23.3 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -90% change.

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

Shares of Viper Energy have returned +9.5% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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