Viper Energy, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
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8. Earnings Per Common Share
- EARNINGS PER COMMON SHARE
The net income (loss) per common share on the condensed consolidated statements of operations is based on the net income (loss) attributable to the Company’s Class A Common Stock for the three and nine months ended September 30, 2026, and 2025.
Basic and diluted earnings per common share are calculated using the two-class method. The two-class method is an earnings allocation proportional to the respective ownership among holders of Class A Common Stock and participating securities. Basic net income (loss) per common share is calculated by dividing net income (loss) by the weighted-average shares of Class A Common Stock outstanding during the period. Diluted net income (loss) per common share gives effect, when applicable, to unvested restricted stock units and performance restricted stock units granted under the LTIP.
A reconciliation of the components of basic and diluted earnings per common share is presented in the table below:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (In millions, except per share amounts, shares in thousands) | ||||
| Net income (loss) attributable to the period | $140 | $(77) | $379 | $35 |
| Less: distributed and undistributed earnings allocated to participating securities(1) | — | 1 | 1 | 1 |
| Net income (loss) attributable to common stockholders | $140 | $(78) | $378 | $34 |
| Weighted average common shares outstanding: | ||||
| Basic weighted average common shares outstanding | 193,988 | 148,882 | 189,721 | 133,741 |
| Effect of dilutive securities: | ||||
| Potential common shares issuable(2) | — | — | — | 127 |
| Diluted weighted average common shares outstanding | 193,988 | 148,882 | 189,721 | 133,868 |
| Net income (loss) per common share, basic | $0.72 | $(0.52) | $1.99 | $0.25 |
| Net income (loss) per common share, diluted | $0.72 | $(0.52) | $1.99 | $0.25 |
(1)Unvested restricted stock units and performance restricted stock units that contain non-forfeitable dividend equivalent rights are considered participating securities and are therefore included in the earnings per share calculation pursuant to the two-class method.
(2)For the three months ended September 30, 2026 and the nine months ended September 30, 2026 and 2025, there wereno other significant potential common shares excluded from the computation of diluted earnings per common share. For the three months ended September 30, 2025,48,573 potential common shares were excluded from the computation of diluted earnings per common share because their inclusion would have been anti-dilutive as a result of recording a net loss attributable to the common shareholders for the period.
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