Filing Flows › Viper Energy (VNOM) › Q3 2026 › vs Q2 2026
Viper Energy (VNOM) Q3 2026 vs Q2 2026 (quarter over quarter)
Viper Energy's revenue fell $16.0M (-2%) from $677M in Q2 2026 to $661M in Q3 2026. The biggest changes: Oil income −$25.0M (-4%); Natural gas income +$18.0M (19×); Other revenues −$14.0M (-74%). Operating margin 60.4% against 63.2% (-2.9 pts).
Viper Energy, Q3 2026: revenue $661M (+58% year over year), operating margin 60.4%, net earnings $140M, operating cash flow $447M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 60.4% | 63.2% | -2.9 pts |
| Net margin | 21.2% | 21.0% | +0.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Oil income | $557M | $582M | −$25.0M | -4% |
| Natural gas liquids income | $80.0M | $75.0M | $5.0M | +7% |
| Natural gas income | $19.0M | $1.0M | $18.0M | 19× |
| Other revenues | $5.0M | $19.0M | −$14.0M | -74% |
| Revenue | $661M | $677M | −$16.0M | -2% |
| Operating profit | $399M | $428M | −$29.0M | -7% |
| Costs & expenses | $262M | $249M | $13.0M | +5% |
| Pre-tax earnings | $339M | $403M | −$64.0M | -16% |
| Other expense, net | $60.0M | $25.0M | $35.0M | +140% |
| Net earnings | $140M | $142M | −$2.0M | -1% |
| Minority interests | $160M | $189M | −$29.0M | -15% |
| Income tax | $39.0M | $72.0M | −$33.0M | -46% |
| Depreciation & amortization | $206M | $195M | $11.0M | +6% |
| Working capital & other | $101M | $150M | −$49.0M | -33% |
| Operating cash flow | $447M | $487M | −$40.0M | -8% |
Questions
How much did Viper Energy's revenue grow quarter over quarter in Q3 2026?
Viper Energy's revenue fell $16.0M (-2%) from $677M in Q2 2026 to $661M in Q3 2026.
What drove Viper Energy's revenue change in Q3 2026?
Oil income −$25.0M (-4%); Natural gas income +$18.0M (19×); Other revenues −$14.0M (-74%).