Equity Profile

VNOM

Viper Energy, Inc.

EnergyOil & Gas Exploration & Production$8.7B

Aug3Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Viper Energy Inc. (VNOM) operates in the energy sector, focusing on oil and gas exploration and production....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well Viper Energy is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth will provide insight into the company's sales performance and market demand for its products.

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) operates in the energy sector, focusing on oil and gas exploration and production. With a market cap of $9 billion, the company plays a significant role in the energy landscape, particularly as demand for oil and gas remains a key driver of global economic activity.

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 cautiously optimistic ahead of the earnings report, given Viper's strong track record of beating EPS estimates. However, the lack of revenue guidance raises some concerns.

Bull Case

If Viper Energy continues its trend of exceeding EPS estimates, it could signal strong operational performance and lead to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

EPS is a key indicator of profitability and will heavily influence investor sentiment and stock performance.

What is the production volume for the quarter?

Production volume affects revenue and operational efficiency, making it a critical metric for assessing the company's performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Viper's ability to maintain strong EPS growth despite potential market challenges, given its historical performance.

Supporting Evidence

Viper has consistently beaten EPS estimates, with an 88% beat rate over the last eight quarters.

The options market is pricing a significant move, suggesting that investors expect volatility that may not align with historical performance.

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

Key Risk

If production volume significantly exceeds expectations, it could lead to a positive reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing Viper's ability to maintain profitability against potential operational hurdles.

Bull Confirmed If

An EPS of $0.60 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.45 would confirm the bear case, suggesting operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±14.84%

Historical Avg

±1.8%

Pricing rich

The options market is pricing in a significant potential move, indicating heightened uncertainty or anticipation surrounding 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 beats expectations, history suggests a potential stock increase of around 1.80%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable but could see muted movement as investors await further guidance.

Miss

A miss could lead to a decline of approximately 2.46%, reflecting disappointment in performance and guidance.

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 volume and operational efficiency.
2Guidance on future revenue expectations.
3Comments on market conditions affecting oil and gas prices.
4Insights into cost management and profitability strategies.
5Any commentary on potential acquisitions or partnerships.

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Company Snapshot

Viper Energy Inc. (VNOM) operates in the energy sector, focusing on oil and gas exploration and production....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well Viper Energy is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth will provide insight into the company's sales performance and market demand for its products.

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 cautiously optimistic ahead of the earnings report, given Viper's strong track record of beating EPS estimates. However, the lack of revenue guidance raises some concerns.

Bull Case

If Viper Energy continues its trend of exceeding EPS estimates, it could signal strong operational performance and lead to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

EPS is a key indicator of profitability and will heavily influence investor sentiment and stock performance.

What is the production volume for the quarter?

Production volume affects revenue and operational efficiency, making it a critical metric for assessing the company's performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Viper's ability to maintain strong EPS growth despite potential market challenges, given its historical performance.

Supporting Evidence

Viper has consistently beaten EPS estimates, with an 88% beat rate over the last eight quarters.

The options market is pricing a significant move, suggesting that investors expect volatility that may not align with historical performance.

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

Key Risk

If production volume significantly exceeds expectations, it could lead to a positive reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing Viper's ability to maintain profitability against potential operational hurdles.

Bull Confirmed If

An EPS of $0.60 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.45 would confirm the bear case, suggesting operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±14.84%

Historical Avg

±1.8%

Pricing rich

The options market is pricing in a significant potential move, indicating heightened uncertainty or anticipation surrounding 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 beats expectations, history suggests a potential stock increase of around 1.80%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable but could see muted movement as investors await further guidance.

Miss

A miss could lead to a decline of approximately 2.46%, reflecting disappointment in performance and guidance.

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 volume and operational efficiency.
2Guidance on future revenue expectations.
3Comments on market conditions affecting oil and gas prices.
4Insights into cost management and profitability strategies.
5Any commentary on potential acquisitions or partnerships.