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NASDAQ · CRUDE PETROLEUM & NATURAL GAS · LARGE CAP

Viper Energy, Inc. VNOM

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.4B
▲ 62.0% YoY
$-68.0M
▼ 118.9% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

It operates in one reportable segment. As of December 31, 2025, its assets consisted of mineral and royalty interests underlying approximately 4,462,119 gross royalty acres and 96,003 net royalty acres primarily in the Permian Basin, with Diamondback operating approximately 35% of its net royalty acreage. As of December 31, 2025, there were 43,355 gross productive wells on its acreage, 6,524 of which were operated by Diamondback. The company does not have any employees. Effective November 13, 2023, the company converted its legal status from a Delaware limited partnership into a Delaware corporation.

Written from the business description in Viper Energy, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.4B
Revenue, FY2025 · full 3-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.4 · Net income -0.1
0.5B1.0B
202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−15 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -10.0% · Net -14.8%
20%40%60%-5%-10%
202320242025
ROE
FY2025 · ROE -2.2%
10%20%
202320242025
Three returns, three denominators.

Each USD of equity lost 2 cents this year.

Cash & shareholders

USD 328.0M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends 328.0 · Net buybacks ·
150M300M
202320242025

USD 328.0M in dividends went back to shareholders in a year without profit.

Total assetsUSD 12.7B
EquityUSD 4.4B
CashUSD 13.0M
Gross debtUSD 2.2B
Net debtUSD 2.2B
Current ratio3.72×

Net debt stands at 49% of equity.

The 3-year record

3 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
VNOM, 3-year financial record
Metric 202520242023
Revenue $B1.40.90.8
Operating income $B−0.10.60.6
EBITDA $B◌◌◌
Income tax $B−0.0−0.10.0
Net income $B−0.10.40.2
EPS, diluted $−0.483.822.69
Dividend / sh $◌◌◌
Payout %−4826164
ROE %−2.221.3◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 11 reconciliationsAUDITED

Reconciled in 3 of the 3 fiscal years we could check. 34 checks were skipped: the balance sheet is not tagged before 2024. 16 checks were skipped: EPS is not tagged before 2023.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityCrude Petroleum & Natural Gas
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2022

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