Filing Flows › Viper Energy (VNOM) › Q3 2026
Viper Energy (VNOM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Viper Energy (VNOM) reported revenue of $661M for the third quarter 2026 (Q3 2026), +58% from a year earlier and -2% from the quarter before. Operating margin was 60.4%, net earnings $140M (21.2% of revenue).
Viper Energy, Q3 2026: revenue $661M (+58% year over year), operating margin 60.4%, net earnings $140M, operating cash flow $447M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $661M | -2% | +58% |
| Operating profit | $399M | -7% | — |
| Net earnings | $140M | -1% | — |
| Operating cash flow | $447M | -8% | +59% |
What changed
Revenue was $661.0M in Q3 2026, up 58% year over year and down 2% from the previous quarter. Oil income was the largest line at 84% of revenue. Oil income added $225.0M year over year (up 68%), 93% of the total change.
Operating profit was $399.0M, a 60.4% margin (up 102.5 points year over year). Total costs fell 56% while revenue rose 58%. Net earnings were $140.0M. The effective tax rate was 11.5%.
Operating cash flow was $447.0M (up 59% year over year), 149% of net income including minority interests. Non-cash charges added back $206.0M of depreciation and amortization. Working capital and other items used $59.0M.
Questions
What was Viper Energy's revenue in the third quarter 2026?
Viper Energy (VNOM) reported revenue of $661M for the third quarter 2026 (Q3 2026), +58% from a year earlier and -2% from the quarter before.
Was Viper Energy profitable in the third quarter 2026?
Operating profit was $399M (60.4% of revenue) and net earnings $140M.
Source: Viper Energy 10-Q on SEC EDGAR.