Why Is Viper Energy (VNOM) Up 7.2% Since Last Earnings Report?

Viper Energy Partners (VNOM) reported Q2 2026 earnings of 76 cents per share, beating consensus estimates by 4.1%, driven by 69.5% production growth and 35.3% higher realized oil prices. The company raised its 2026 production guidance and increased its annualized base dividend by 32% to $2 per share. Shares have gained 7.2% in the past month, outperforming the S&P 500.