|
|
|
|
|||||
|
|
|
Viper Energy Inc. VNOM reported third-quarter 2025 adjusted earnings per share (EPS) of 40 cents, which beat the Zacks Consensus Estimate of 38 cents. The bottom line, however, declined from the year-ago level of 49 cents.
The company, with mineral interests in North America’s oil and gas resources, generated operating income of $418 million, which beat the Zacks Consensus Estimate of $403 million. The metric increased from the year-ago quarter’s figure of $211 million.
The better-than-expected quarterly results can be primarily attributed to a significant increase in oil-equivalent production. However, lower realized oil prices, higher total expenses and a non-cash impairment of $360 million incurred due to properties acquired from Diamondback Energy at its historical carrying value partially offset the positives.
Viper Energy Inc. price-consensus-eps-surprise-chart | Viper Energy Inc. Quote
The resources, wherein the company has mineral interests, produced 10,015 thousand oil-equivalent barrels (MBoe), up from 4,542 MBoe a year ago. The reported figure beat our estimate of 9,709 Mboe.
Oil contributed to approximately 51.5% of the total production volume. Oil production increased to 5,160 thousand barrels (MBbls) from 2,482 MBbls a year ago. The reported figure surpassed our estimate of 5,054 MBbls.
Natural gas production increased to 14,655 million cubic feet (MMcf) in the third quarter of 2025, compared to 6,150 MMcf in the corresponding period of 2024. The production of crude oil, natural gas and natural gas liquids witnessed a significant increase from the prior-year levels.
The overall average realized price per barrel of oil equivalent was $39.24 compared with $45.83 in the third quarter of 2024. Our estimate for the same was pinned at $39.76 per barrel.
The average realized oil price in the quarter under review was $64.34 per barrel, down from $75.24 in the year-ago quarter. However, the figure surpassed our estimate of $60.50.
The price of natural gas was $1.02 per thousand cubic feet, up from $0.13 in the year-ago quarter. Our estimate for the same was pinned at $1.90.
The price for natural gas liquids was $19.07 a barrel, lower than the $19.89 recorded a year ago. Our estimate for the same was pinned at $22.14 per barrel.
In the third quarter, total expenses were $594 million, significantly higher than the $75 million recorded in the prior-year quarter. The figure also came above our estimate of $245.8 million.
On a per barrel of oil-equivalent (Boe) basis, total operating expenses were $3.50 compared with $4.16 in the year-ago quarter. Our estimate for the same was pegged at $4.05.
Net cash provided by operating activities was $281 million, up from $203 million in the third quarter of 2024.
As of Sept. 30, 2025, Viper Energy’s cash and cash equivalents were $53 million. The company reported net long-term debt of $2,241 million.
The company projects production for the fourth quarter of 2025 to be in the range of 124-128 Mboe/d. Its net production for the full-year 2025 is projected to be in the 92.75-93.50 Mboe/d range.
VNOM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
While we have discussed VNOM’s third-quarter results in detail, let us take a look at three other key reports in this space.
Canadian Natural Resources Limited CNQ reported third-quarter 2025 adjusted earnings per share of 62 cents, which beat the Zacks Consensus Estimate of 54 cents. However, the bottom line decreased from 71 cents in the year-ago quarter. The underperformance can be attributed to lower realized oil and natural gas liquid prices and rising expenses.
Total revenues of $6.9 billion increased from $6.5 billion in the prior-year period, fueled by increased production volumes. Additionally, the figure beat the Zacks Consensus Estimate of $6.7 billion.
As of Sept. 30, 2025, CNQ had cash and cash equivalents worth C$113 million and long-term debt of approximately C$16.4 billion, with a debt to capitalization of about 28.9%.
Permian Resources Corporation PR reported a third-quarter 2025 adjusted net income per share of 37 cents, which beat the Zacks Consensus Estimate of 30 cents. Additionally, the bottom line also increased from the year-ago quarter’s reported figure of 35 cents. This outperformance was driven by a rise in production volumes and an increased natural gas realized price.
Meanwhile, Permian Resources’ oil and gas sales of $1.3 billion increased 8.7% from the year-ago quarter but marginally missed the Zacks Consensus Estimate by $16 million.
As of Sept. 30, PR had $111.8 million in cash and cash equivalents. The company had a long-term debt of $3.5 billion, reflecting a debt-to-capitalization of 26.1%.
The Calgary-based integrated oil and gas company, Imperial Oil Limited IMO, reported third-quarter 2025 adjusted earnings per share of $1.57, which beat the Zacks Consensus Estimate of $1.44. However, the bottom line decreased from the year-ago quarter’s $1.71. This decrease was due to lower upstream price realizations, partly offset by higher production volumes.
Revenues of $8.8 billion missed the Zacks Consensus Estimate of $11.1 billion. The top line also decreased from the year-ago quarter’s level of $9.7 billion due to weak performance in both the Upstream and Downstream segments.
As of Sept. 30, Imperial Oil had cash and cash equivalents of C$1.9 billion. Total debt of the company amounted to C$4 billion, with a debt-to-capitalization of 14.4%.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
This article originally published on Zacks Investment Research (zacks.com).
| 4 hours | |
| 4 hours | |
| 8 hours | |
| Nov-10 | |
| Nov-10 | |
| Nov-10 | |
| Nov-10 | |
| Nov-07 | |
| Nov-07 | |
| Nov-06 | |
| Nov-06 | |
| Nov-06 | |
| Nov-06 | |
| Nov-06 | |
| Nov-06 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite