Viper Energy Partners LP Q3 2025 Earnings Recap

Viper Energy's Q3 2025 results demonstrate robust growth and enhanced return of capital, highlighted by the successful acquisition of Sitio and significant dividend increases amid ongoing operational strength.

Key Takeaways

• Achieved a 20% increase in oil production per share year-over-year in Q4 2025 guidance; projecting mid-single-digit organic oil growth into 2026.
• Returned 85% of cash available for distribution to shareholders, translating to a 48% increase in return of capital per Class A share from Q2.
• Completed over $90 million in share repurchases during the quarter, with plans to continue aggressive buybacks driven by favorable market conditions.
• Positioned to return nearly 100% of free cash flow to shareholders following the recent $700 million asset sale, with a focus on dividends and buybacks.
• Captured nearly 50% of all drilling activity in the Permian Basin, enhancing competitive advantage and positioning for long-term growth.