Viper Energy, Inc. VNOM
We are a publicly traded Delaware corporation focused on owning and acquiring mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin. We operate in one reportable segment. Effective November 13, 2023, we converted our legal status from a Delaware limited partnership into a Delaware corporation. Our primary business objective is to provide an attractive return to our stockholders by focusing on business results, generating robust free cash flow, reducing debt and protecting our balance sheet, while maintaining what we believe is a best-in-class cost structure. Our assets consist of mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin in West Texas, substantially all of which are leased to working interest owners who bear the costs of operation and development.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1.35B | $854.0M | $717.0M | — | — |
| Total operating expenses | $1.53B | $294.0M | $208.0M | — | — |
| Operating income | -$140.0M | $567.0M | $620.0M | — | — |
| Pre-tax income | -$225.0M | $504.0M | $547.0M | — | — |
| Income tax | $19.0M | $100.0M | $46.0M | — | — |
| Net income | -$206.0M | $604.0M | $501.0M | $655.0M | $257.0M |
| EPS, basic | -0.48 | 3.82 | 2.69 | — | — |
| EPS, diluted | -0.48 | 3.82 | 2.69 | — | — |
| Shares, diluted (wtd. avg.) | $142.5M | $93.9M | $74.2M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $13.0M | $27.0M | — | — | — |
| Total current assets | $413.0M | $238.0M | — | — | — |
| Property, plant and equipment | $12.21B | $4.64B | — | — | — |
| Total assets | $12.67B | $5.07B | — | — | — |
| Total current liabilities | $111.0M | $49.0M | — | — | — |
| Long-term debt | $2.19B | $1.08B | — | — | — |
| Total liabilities | $2.31B | $1.16B | — | — | — |
| Retained earnings | -$278.0M | $118.0M | — | — | — |
| Total equity | $4.45B | $1.69B | $2.86B | $2.32B | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $1.05B | $620.0M | $638.0M | — | — |
| Investing cash flow | -$2.42B | -$608.0M | -$908.0M | — | — |
| Financing cash flow | $1.36B | -$11.0M | $278.0M | — | — |
| Dividends paid | $328.0M | $219.0M | $129.0M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-146417.
Others in SIC 1311
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| EOG | EOG RESOURCES INC | $76.16B | 15.9x | -4.5% |
| OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $60.02B | 37.3x | -5.0% |
| FANG | Diamondback Energy, Inc. | $55.79B | 34.8x | 35.8% |
| DVN | DEVON ENERGY CORP/DE | $52.87B | 11.5x | 5.4% |
| EQT | EQT Corp | $34.51B | 16.7x | 63.9% |
| EXE | EXPAND ENERGY Corp | $23.42B | 12.9x | 186.3% |
| PR | Permian Resources Corp | $19.57B | 18.2x | 1.3% |
| OVV | Ovintiv Inc. | $17.84B | 13.5x | -3.1% |