Viper Energy, Inc.

Viper Energy, Inc.

VNOM
Viper Energy, Inc.US flagNASDAQ Global Select
44.38
USD
+0.68
- -
15.93BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
1
0.94
0.95
1.65
4.04
4.83
3.69
7.38
11.45
11.15
9.16
9.78
10.54
Basic EPS, GAAP
- -
0.29
0.31
-0.13
1.07
2.01
0.75
-2.84
0.85
2.01
2.7
3.82
-0.48
-0.29
Free Cash Flow per Basic Share
- -
-0.14
0.25
-1.65
-1.96
-5.18
-4.76
1.93
0.38
8.41
-3.64
-0.81
-9.62
-5
Dividend per Share
- -
2.16
0.86
0.78
1.25
3.54
3.89
1.59
2.59
5.51
4.38
5.05
4.83
4.69
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-0.23
1.26
-1.95
-1.78
Tangible Book Value per Share
0.04
6.86
6.21
6.59
8.76
17.29
35.39
27.49
32.68
30.7
38.52
41.59
72.71
65.82
Basic Weighted Avg Shares
76
78
80
83
104
72
62
68
68
76
74
94
143
157
Sales/Revenue/Turnover
- -
78
75
79
172
289
298
250
504
866
827
860
1,394
1,660
Operating Margin (%)
- -
51.97
37.13
48.21
66.16
70.31
64.96
48.93
71.7
78.6
74.97
65.93
45.05
43.73
Depreciation Expense
- -
28
35
30
41
59
78
101
103
121
146
214
607
746
Net Income, GAAP
- -
23
24
-11
111
144
46
-192
58
152
200
359
-68
-46
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
0.59
- -
8.41
- -
- -
19.21
Profit Margin (%)
- -
29.08
32.62
-13.77
64.8
49.87
15.53
-77.06
11.49
17.52
24.18
41.74
-4.88
-2.77
Working Capital
- -
22
11
21
50
59
59
9
87
97
110
189
302
393
LT Debt
440
- -
34
120
94
411
587
556
777
577
1,083
1,083
2,186
1,603
Total Equity
3
535
495
548
914
1,237
2,185
1,861
2,233
2,322
2,858
3,907
10,363
10,365
Return on Invested Capital (%)
- -
8.26
5.22
- -
13.58
- -
- -
- -
13.22
- -
16.54
- -
- -
- -
Return on Capital (%)
- -
15.39
147.99
- -
107.14
- -
- -
- -
-5.38
- -
-2.23
- -
- -
6.63
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-264.81

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
380
- -
- -
LT Borrowings
2,241
2,186
1,603
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
169
171
194
Market Capitalization
4,815
5,500
7,400

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
887
413
469
Cash, Cash Equivalents & STI
53
13
28
Accounts Receivable, Net
384
350
400
Inventories
- -
- -
- -
Total Current Liabilities
472
111
76
Payables & Accruals
65
87
36
ST Debt
380
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
42.36%
49.8%
165.24%
Free Cash Flow
293.71%
752.03%
1,703.95%
Net Income, GAAP
-179.76%
4.81%
-118.94%
Sales/Revenue/Turnover
41.32%
47.07%
62.09%
Total Cash Common Dividend
39.87%
53.77%
45.36%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
205
216
210
229
860
2025
245
297
418
434
1,394
2026
511
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.49
0.62
0.52
2.04
3.82
2025
0.62
0.28
-0.52
-0.61
-0.48
2026
0.54
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.27
1.25
1.32
1.22
5.05
2025
1.19
1.4
1.07
1.2
4.83
2026
1.06
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Matthew Kaes Van't Hof
Sector
Energy
Industry
Oil & Gas Midstream
Address
500 West Texas Midland TX United States of America 79701
IPO Date
Jun 18, 2014
Business
Viper Energy, Inc. engages in owning, acquiring, and exploiting mineral and royalty interests primarily in oil and natural gas properties located in the Permian Basin, North America. Its core products and services consist of mineral and royalty interests in oil-weighted basins, enabling it to earn royalties and other revenues from oil and gas production without direct operational costs. The company primarily focuses on acquiring assets that generate sustainable, growing cash flows from oil production. It operates as a subsidiary of Diamondback Energy, Inc., with Viper Energy Partners GP LLC serving as its general partner. Founded in 2013 and headquartered in Midland, Texas, the company operates across the Permian Basin, a prolific oil and gas producing region. In major recent developments, Viper Energy completed an all-equity acquisition of Sitio Royalties Corp. valued at approximately $4.1 billion, significantly expanding its royalty portfolio. The company also conducted a $1.0 billion drop-down transaction with its parent Diamondback Energy and closed a $1.6 billion offering of senior notes used for refinancing existing debt and general corporate purposes. In November 2025, Viper Energy commenced the divestiture of its non-Permian assets for approximately $670 million, expected to close in the first quarter of 2026. The company also raised its base dividend by 10% to $0.33 per share, reflecting its strong cash flow profile and commitment to returning capital to shareholders. Viper Energy’s 2025 operational focus includes production growth, targeting mid-single-digit organic growth in oil production year-over-year and executing on strategic acquisitions to bolster its position as a leading unconventional royalty company in the energy sector. Overall, Viper Energy operates within the oil and gas industry, concentrating on mineral and royalty interests within the Permian Basin, offering an investment model centered around royalty income without direct exploration and production risks. The company's recent expansions and refinancings position it for continued growth and shareholder returns in 2025 and beyond.

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