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MARKETS / NASDAQ / VNOM
NASDAQ · CRUDE PETROLEUM & NATURAL GAS · LARGE CAP

Viper Energy, Inc. VNOM

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.3B
▲ 57.6% YoY
$-68.0M
▼ 118.9% YoY
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 1.3B
Revenue, FY2025 · full 3-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.3 · Net income -0.1
0.5B1.0B202320242025
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 -10.4% · Net -15.3%
50%-5%-10%-15%202320242025
ROE
FY2025 · ROE -2.2%
10%20%202320242025

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 —
200M202320242025

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
Metric 202520242023
Revenue $B1.30.90.7
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 · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 11 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 65 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCrude Petroleum & Natural Gas
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2022

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