Equity Profile

VNOM

Viper Energy, Inc.

EnergyOil & Gas Exploration & Production$14.8B

Aug3Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Viper Energy, Inc. (VNOM) is a company in the energy sector focused on oil and gas exploration and production....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of a company's profitability and is closely watched by investors.

$0.84

Revenue

Revenue figures provide insight into the company's sales performance and overall business health.

$633M

Wall Street expectations, options signals, track record, and call prep available with Pro.

VNOM Q2-2026 Earnings Preview

Context

Company Snapshot

Viper Energy, Inc. (VNOM) is a company in the energy sector focused on oil and gas exploration and production. With a market cap of $15 billion, it plays a significant role in the energy market, especially as global demand for oil and gas continues to evolve amidst changing economic conditions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+106.15%

Avg Stock Reaction

-0.11%

Last Quarter Recap

In Q1 2026, Viper Energy reported an EPS of $0.53, exceeding expectations by 17%. The stock reacted positively, gaining 2.10% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are generally optimistic about Viper Energy's upcoming earnings, expecting solid EPS and revenue figures.

Bull Case

If Viper Energy beats the EPS estimate, it could signal strong operational efficiency and increased demand for its products, potentially leading to a stock price increase.

Bear Case

Conversely, if the company misses its EPS target, it may raise concerns about profitability and market conditions, leading to a negative reaction in the stock.

Key Metrics to Watch

EPS

$0.84

Earnings per share (EPS) is a key indicator of a company's profitability and is closely watched by investors.

Revenue

$633M

Revenue figures provide insight into the company's sales performance and overall business health.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Viper Energy achieve an EPS of $0.84 or higher?

This specific EPS target is crucial as it will indicate the company's profitability and operational efficiency.

What will the revenue figure be compared to the consensus of $633M?

Revenue performance is a key indicator of the company's sales health and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be underestimating the potential for Viper Energy to exceed EPS expectations due to strong operational performance in the current oil market.

Supporting Evidence

Viper has consistently beaten EPS estimates in recent quarters, with an 88% beat rate historically.

The options market is pricing a larger move than historical averages suggest, indicating potential for a surprise.

Recent insider buying activity suggests confidence in the company's future performance.

Key Risk

If the EPS comes in below $0.63, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on profitability and revenue growth, which are critical for Viper Energy's valuation.

Bull Confirmed If

An EPS of $0.84 or higher, with revenue exceeding $633M, would confirm the bullish outlook.

Bear Confirmed If

An EPS below $0.63 or revenue below $578M would support the bearish case.

Pre-Earnings Positioning

Options Market

Implied Move

±14.84%

Historical Avg

±1.8%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±14.8% while VNOM has averaged ±1.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

29.0%

Calls (65K)P/C Ratio: 0.05Puts (13K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 6 of 30 (20%)

This setup has occurred 30 times across Energy in the last 2 years. 24 of 30 (80%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.4%, with a raw directional average of -1.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Viper Energy beats expectations, history suggests the stock could see a modest increase, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to volatility.

Miss

A miss on earnings could lead to a significant drop, with historical patterns indicating an average decline when expectations are not met.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

R-TXAugust Lee Pfluger IIRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on production levels and operational efficiency.
2Insights into pricing trends for oil and gas.
3Management's outlook on market demand for the upcoming quarters.
4Discussion on cost management strategies and their impact on profitability.
5Any commentary on potential acquisitions or partnerships.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Viper Energy, Inc. (VNOM) is a company in the energy sector focused on oil and gas exploration and production....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of a company's profitability and is closely watched by investors.

$0.84

Revenue

Revenue figures provide insight into the company's sales performance and overall business health.

$633M

Wall Street expectations, options signals, track record, and call prep available with Pro.

VNOM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+106.15%

Avg Stock Reaction

-0.11%

Last Quarter Recap

In Q1 2026, Viper Energy reported an EPS of $0.53, exceeding expectations by 17%. The stock reacted positively, gaining 2.10% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are generally optimistic about Viper Energy's upcoming earnings, expecting solid EPS and revenue figures.

Bull Case

If Viper Energy beats the EPS estimate, it could signal strong operational efficiency and increased demand for its products, potentially leading to a stock price increase.

Bear Case

Conversely, if the company misses its EPS target, it may raise concerns about profitability and market conditions, leading to a negative reaction in the stock.

Key Metrics to Watch

EPS

$0.84

Earnings per share (EPS) is a key indicator of a company's profitability and is closely watched by investors.

Revenue

$633M

Revenue figures provide insight into the company's sales performance and overall business health.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Viper Energy achieve an EPS of $0.84 or higher?

This specific EPS target is crucial as it will indicate the company's profitability and operational efficiency.

What will the revenue figure be compared to the consensus of $633M?

Revenue performance is a key indicator of the company's sales health and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be underestimating the potential for Viper Energy to exceed EPS expectations due to strong operational performance in the current oil market.

Supporting Evidence

Viper has consistently beaten EPS estimates in recent quarters, with an 88% beat rate historically.

The options market is pricing a larger move than historical averages suggest, indicating potential for a surprise.

Recent insider buying activity suggests confidence in the company's future performance.

Key Risk

If the EPS comes in below $0.63, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on profitability and revenue growth, which are critical for Viper Energy's valuation.

Bull Confirmed If

An EPS of $0.84 or higher, with revenue exceeding $633M, would confirm the bullish outlook.

Bear Confirmed If

An EPS below $0.63 or revenue below $578M would support the bearish case.

Pre-Earnings Positioning

Options Market

Implied Move

±14.84%

Historical Avg

±1.8%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±14.8% while VNOM has averaged ±1.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

29.0%

Calls (65K)P/C Ratio: 0.05Puts (13K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 6 of 30 (20%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Viper Energy beats expectations, history suggests the stock could see a modest increase, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to volatility.

Miss

A miss on earnings could lead to a significant drop, with historical patterns indicating an average decline when expectations are not met.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

R-TXAugust Lee Pfluger IIRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on production levels and operational efficiency.
2Insights into pricing trends for oil and gas.
3Management's outlook on market demand for the upcoming quarters.
4Discussion on cost management strategies and their impact on profitability.
5Any commentary on potential acquisitions or partnerships.