Viper Energy Partners LP (VNOM) AI Stock Analysis

Viper Energy Partners LP, headquartered in Midland, Texas, specializes in the ownership, acquisition, and exploitation of oil and natural gas properties across North America. Operating as a subsidiary of Diamondback Energy, Inc., the company is managed by Viper Energy Partners GP LLC. Its asset portfolio included mineral interests spanning 27,027 net royalty acres situated in regions such as the Permian Basin and Eagle Ford Shale as of December 31, 2021. These holdings contributed to estimated proved reserves totaling 127,888 thousand barrels of crude oil equivalent.

Revenue grew at a 5-year CAGR of 40.1% from FY2020 to FY2025. Annual revenue expanded from $504.3M in FY2021 to $865.8M in FY2022, before declining 4.5% to $826.8M in FY2023. Revenue increased to $859.7M in FY2024 and reached $1.35B in FY2025, a 56.6% annual increase. Operating margin contracted from 65.9% in FY2024 to 43.0% in FY2025, and net income swung to -$68.0M with a net margin of -5.1%. For the latest quarter ended June 30, 2026, quarterly revenue growth accelerated to 115.2% year-over-year, and quarterly earnings grew 160.7%.

As of June 30, 2026, Viper Energy Partners LP held $77.0M in cash and short-term investments against total debt of $1.68B, resulting in net debt of $1.60B. Shareholders' equity was $5.04B, with a debt-to-equity ratio of 0.33 and a current ratio of 6.37. In FY2025, operating cash flow reached $1.05B, but capital expenditures of $2.42B resulted in free cash flow of -$1.37B. Cash deployment in FY2025 included $194.0M in share buybacks and $328.0M in dividends paid, while the share count rose 145.1% over five years.

Viper Energy Partners LP trades at a forward P/E of 13.7x, compared to 12.7x for the median of its US-listed Energy peers. Its enterprise value is $9.56B, reflecting an EV to EBITDA ratio of 8.7x against the peer median of 8.0x. The partnership trades at a price-to-sales ratio of 8.4x compared to 1.8x for the peer group, alongside a PEG ratio of 0.98. Over the past year, the stock returned 31.6%, outperforming the S&P 500 return of 16.8%, and gained 156.8% over five years versus 83.0% for the S&P 500.

The partnership pays a quarterly dividend with an annualized forward payout of $2.45 per share, yielding 5.44%. It has paid dividends for 13 consecutive years, delivering a 5-year annualized dividend growth rate of 27.9%. The payout ratio stands at 121.3%, and the last ex-dividend date was August 13, 2026.

Wall Street coverage includes 15 Strong Buy and 5 Buy ratings, with 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $55.45, implying 23.2% upside from the last close of $45.02. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $2.42B and EPS of $2.68, reflecting 61.4% EPS growth. For the next fiscal year, 14 analysts project revenue of $2.38B and EPS of $2.62. The company beat EPS estimates in 3 of the last 4 quarters, with next earnings scheduled for November 2, 2026.

This page is an AI-written research summary of Viper Energy Partners LP (VNOM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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