Aaron Bilkoski's questions to Viper Energy Inc (VNOM) leadership • Q2 2025
Question
Aaron Bilkoski sought clarification on the expected 5.9% Net Royalty Interest (NRI) in Diamondback-operated wells through 2029, asking if the NRI would be consistent over the period or weighted towards the earlier years.
Answer
CEO Kaes Van’t Hof responded that the key metric is the net well count, projected at around 25 net wells per year. He specified that this activity will be slightly front-weighted in 2026 and 2027, which will drive near-term growth, but will remain relatively consistent over the five-year outlook, providing confidence in long-term production growth.