Viper Energy Q4 Revenue Soars 90.2% to $435M, EPS Beats by 14.4%
Viper Energy Partners reported Q4 revenue of $435 million, a 90.2% year-over-year increase and 2% above analyst estimates, while EPS came in at $0.31, beating consensus by 14.4% despite a year-over-year decline. Average daily volumes rose to 134,000 BOE/D, outpacing forecasts across natural gas, NGL and crude, though hedged oil prices realized $57.28 per barrel versus a $58.59 estimate.
1. Q4 Financial Results
Viper Energy Partners posted $435 million in revenue for the quarter ended December 2025, up 90.2% year over year and 2% above the $426.5 million estimate. Reported EPS was $0.31, down from $0.42 a year ago but 14.4% higher than the $0.27 consensus.
2. Production Performance
Average daily combined volumes reached 134,000 BOE/D, surpassing the 126,597 BOE/D forecast. Natural gas output of 19,668 MMcf, NGL production of 2,940 MBBL and oil volumes of 6,110 MBBL all exceeded analyst projections, while hedged oil prices averaged $57.28 per barrel versus $58.59 estimated.
3. Segment Income
Natural gas income totaled $16 million, up 164.5% year over year but below the $23.5 million estimate. NGL and oil incomes rose to $49 million (+83%) and $357 million (+85.9%), respectively, while lease bonus income fell short at $5 million versus $10.1 million estimated and royalty income reached $422 million against a $423.3 million forecast.