Viper Energy, Inc. VNOM

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived Nasdaq

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.

Last close 46.94 2026-10-23
Market cap $9.09B estimated share count
52-week range 35.10 - 51.13

Valuation FY2025 figures against the last close

P/S6.8x
P/E—
P/FCF8.6x
EV/EBITDA—
Dividend yield3.6%
Diluted EPS-0.48

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
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 -0.483.822.69——
EPS, diluted -0.483.822.69——
Shares, diluted (wtd. avg.) 142.5M93.9M74.2M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
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 FY2025FY2024FY2023FY2022FY2021
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Net income, FY2021: 257M Net income, FY2022: 655M Revenue, FY2023: 717M Net income, FY2023: 501M Revenue, FY2024: 854M Net income, FY2024: 604M Revenue, FY2025: 1.3B Net income, FY2025: -206M FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2021FY2022FY2023FY2024FY2025
Revenue — — $717.0M $854.0M $1.35B
Gross profit — — — — —
Net income $257.0M $655.0M $501.0M $604.0M -$206.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 1311

TickerCompanyMarket capP/ERevenue growth
EOG EOG RESOURCES INC $85.51B 17.9x -4.5%
OXY OCCIDENTAL PETROLEUM CORP /DE/ $64.15B 39.9x -5.0%
FANG Diamondback Energy, Inc. $57.62B 35.9x 35.8%
DVN DEVON ENERGY CORP/DE $56.53B 12.3x 5.4%
EQT EQT Corp $34.80B 16.8x 63.9%
EXE EXPAND ENERGY Corp $22.30B 12.3x 186.3%
PR Permian Resources Corp $21.35B 19.9x 1.3%
OVV Ovintiv Inc. $19.91B 15.1x -3.1%