earnings
confidence high
sentiment positive
materiality 0.80
Viper Q2 net income $37M, total dividend $0.53, Sitio acquisition on track for Aug 18 vote
VNOM Sub, Inc.
2025-Q2 EPS reported
$0.89
revenue$542,000,000
- Q2 net income attributable to Viper $37M ($0.28/share); cash available for distribution $97M ($0.74/share).
- Total Q2 dividend $0.53/share ($0.33 base + $0.20 variable), payable Aug 21; 5.8% annualized yield.
- Repurchased 255,843 shares for ~$10M; total capital return $73M (75% of CAD).
- All-equity acquisition of Sitio Royalties (~$4.1B) subject to shareholder vote Aug 18; closed $1.58B notes offering to refinance debt.
- Q3 production guidance 46-49 Mbo/d; 2025 pro forma (incl Sitio) 64-68 Mbo/d; net debt target $1.5B at 1.0x leverage.
item 2.02item 9.01