Filing Flows › Viper Energy (VNOM) › Q2 2026
Viper Energy (VNOM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Viper Energy (VNOM) reported revenue of $677M for the second quarter 2026 (Q2 2026), +128% from a year earlier and +32% from the quarter before. Operating margin was 63.2%, net earnings $142M (21.0% of revenue).
Viper Energy, Q2 2026: revenue $677M (+128% year over year), operating margin 63.2%, net earnings $142M, operating cash flow $487M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $677M | +32% | +128% |
| Operating profit | $428M | +69% | +217% |
| Net earnings | $142M | +46% | +284% |
| Operating cash flow | $487M | +48% | +183% |
What changed
Revenue was $677.0M in Q2 2026, up 128% year over year and up 32% from the previous quarter. Oil income was the largest line at 86% of revenue. Oil income added $341.0M year over year (up 141%), 90% of the total change. Natural gas income declined 90%.
Operating profit was $428.0M, a 63.2% margin (up 17.8 points year over year). Of the extra revenue versus a year earlier, 77% reached operating profit, above the 45% margin then. Total costs grew 54% against revenue growth of 128%. Net earnings were $142.0M, up 284% year over year. The effective tax rate was 17.9%.
Operating cash flow was $487.0M (up 183% year over year), 147% of net income including minority interests. Non-cash charges added back $195.0M of depreciation and amortization. Working capital and other items used $39.0M.
Questions
What was Viper Energy's revenue in the second quarter 2026?
Viper Energy (VNOM) reported revenue of $677M for the second quarter 2026 (Q2 2026), +128% from a year earlier and +32% from the quarter before.
Was Viper Energy profitable in the second quarter 2026?
Operating profit was $428M (63.2% of revenue) and net earnings $142M.
Source: Viper Energy 10-Q on SEC EDGAR.