Equity Profile

VNOM

VIPER ENERGY INC NEW Class A

EnergyOil & Gas Exploration & Production$8.8B

Aug3Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Viper Energy, Inc. (VNOM) is an energy company focused on oil and gas exploration and production....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and will help gauge how well Viper Energy is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its operations and market share in a competitive industry.

N/A

1 more metrics, 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 an energy company focused on oil and gas exploration and production. With a market cap of $9 billion, it plays a significant role in the energy sector, which is influenced by global oil prices and energy demand trends.

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

Investors are anticipating strong performance from Viper Energy in the upcoming earnings report, especially given the company's recent history of beating EPS estimates.

Bull Case

If Viper Energy continues its trend of exceeding EPS expectations, it could see significant stock price appreciation, especially if oil prices remain favorable.

Bear Case

Conversely, if the company fails to meet earnings expectations or reports lower production levels, it could face a sharp decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported oil production levels for Q2-2026?

Production levels are critical for revenue generation, and any significant changes could impact investor sentiment.

How does Viper Energy plan to manage costs amid fluctuating oil prices?

Cost management strategies will be essential for maintaining profitability, especially in a volatile market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of rising oil prices on Viper Energy's production levels, which could lead to a stronger-than-expected earnings report.

Supporting Evidence

Viper has consistently beaten EPS estimates in recent quarters, indicating strong operational performance.

The options market is pricing in a significant move, suggesting that investors expect volatility based on upcoming results.

Key Risk

If oil production levels exceed expectations, it could lead to a significant upward revision of earnings forecasts.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around the company's ability to maintain or increase production levels in a fluctuating oil market.

Bull Confirmed If

A production increase of over 10% compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A production decrease of more than 5% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±15.04%

Historical Avg

±1.8%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating heightened uncertainty ahead of 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 21 (29%)

This setup has occurred 30 times across Energy in the last 2 years. 15 of 21 (71%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 3.5%, with a raw directional average of -2.2% (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 rise by around 0.69% on the following day, confirming positive momentum.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may experience a muted reaction.

Miss

If the company misses earnings expectations, history suggests a potential decline of around 2.46% in the stock price.

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

1Updates on oil production levels and any changes in guidance.
2Comments on cost management strategies in response to oil price fluctuations.
3Insights into market demand for oil and gas in the upcoming quarters.
4Any commentary on potential acquisitions or partnerships.
5Management's outlook on the energy market for the rest of 2026.

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 an energy company focused on oil and gas exploration and production....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and will help gauge how well Viper Energy is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its operations and market share in a competitive industry.

N/A

1 more metrics, 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

Investors are anticipating strong performance from Viper Energy in the upcoming earnings report, especially given the company's recent history of beating EPS estimates.

Bull Case

If Viper Energy continues its trend of exceeding EPS expectations, it could see significant stock price appreciation, especially if oil prices remain favorable.

Bear Case

Conversely, if the company fails to meet earnings expectations or reports lower production levels, it could face a sharp decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported oil production levels for Q2-2026?

Production levels are critical for revenue generation, and any significant changes could impact investor sentiment.

How does Viper Energy plan to manage costs amid fluctuating oil prices?

Cost management strategies will be essential for maintaining profitability, especially in a volatile market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of rising oil prices on Viper Energy's production levels, which could lead to a stronger-than-expected earnings report.

Supporting Evidence

Viper has consistently beaten EPS estimates in recent quarters, indicating strong operational performance.

The options market is pricing in a significant move, suggesting that investors expect volatility based on upcoming results.

Key Risk

If oil production levels exceed expectations, it could lead to a significant upward revision of earnings forecasts.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around the company's ability to maintain or increase production levels in a fluctuating oil market.

Bull Confirmed If

A production increase of over 10% compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A production decrease of more than 5% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±15.04%

Historical Avg

±1.8%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating heightened uncertainty ahead of 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 21 (29%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Viper Energy beats expectations, history suggests the stock could rise by around 0.69% on the following day, confirming positive momentum.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may experience a muted reaction.

Miss

If the company misses earnings expectations, history suggests a potential decline of around 2.46% in the stock price.

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

1Updates on oil production levels and any changes in guidance.
2Comments on cost management strategies in response to oil price fluctuations.
3Insights into market demand for oil and gas in the upcoming quarters.
4Any commentary on potential acquisitions or partnerships.
5Management's outlook on the energy market for the rest of 2026.