Viper Energy reported a substantial beat on both top and bottom lines for the third quarter of 2026, driven by record production levels and the successful integration of the Riverbend and 2026 Drop Down acquisitions. The company achieved a 29.6% year-over-year increase in daily production while concurrently announcing over $800 million in new acquisitions to expand its Permian Basin inventory runway.
Key Highlights
- Total operating income reached $661 million, significantly exceeding the estimate of $218.4 million.
- Average daily production surged to 141,152 boe/d (69,076 bo/d oil), up from 108,859 boe/d in the third quarter of 2025.
- Executed the $529 million McElroy Ranch Acquisition and entered a $280 million agreement for the Buckhorn Acquisition, adding approximately 9,000 total net royalty acres.
- Declared a Q3 2026 base cash dividend of $0.50 per Class A share and repurchased 2.1 million shares for approximately $90 million.