Earnings Releases·Nov 2, 2026, 4:05 PM ET

Viper Energy, Inc. — Third Quarter 2026 Earnings Summary

Reported net income of $300 million (45% margin) and Adjusted EBITDA of $596 million (90% margin), with total operating income rising to $661 million from $418 million in the prior year period.
Increased full-year 2026 production guidance to 67,250–67,750 bo/d and initiated Q4 guidance of 70,000–71,000 bo/d inclusive of the Pending Buckhorn Acquisition, while forecasting pro forma net debt of $2.4 billion (approx. 1.0x leverage).
Executed major strategic acquisitions including the McElroy Ranch ($529 million), the 2026 Drop Down (1,000 acres), and the completed Riverbend Acquisition, alongside a definitive agreement for the Pending Buckhorn Acquisition ($280 million cash + shares) expected to close in Q4.
Returned capital via a $0.50 per share Q3 dividend and $90 million in share repurchases during the quarter, maintaining $1.2 billion in liquidity availability under the revolving credit facility.