Viper Energy, Inc.
Business
Viper Energy, Inc. owns and acquires mineral and royalty interests in oil and natural gas properties, primarily the Permian Basin. The company receives cash distributions from working-interest operators who develop and operate the leased properties. Viper holds interests across the Midland and Delaware Basins, with supplemental positions in the Denver-Julesburg, Eagle Ford, and Williston basins. Growth is pursued through acquisitions of mineral and royalty interests and strategic divestitures.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Royalty income | 1,346 | 854 | 717 | |
| Other operating income | 1 | 1 | 1 | |
| Total operating income | 1,395 | 861 | 828 | |
| Production and ad valorem taxes | 94 | 61 | 50 | |
| Depletion | 607 | 214 | 146 | |
| Impairment | 768 | 0 | 0 | |
| Other operating expenses | 31 | 0 | 1 | |
| Total costs and expenses | 1,535 | 294 | 208 | |
| Income (loss) from operations | −140 | 567 | 620 | |
| Interest expense, net | −96 | −74 | −47 | |
| Gain (loss) on derivative instruments, net | 44 | 11 | −26 | |
| Gain (loss) on early extinguishment of debt | −32 | 0 | 0 | |
| Other income (expense), net | −1 | 0 | 0 | |
| Total other income (expense), net | −85 | −63 | −73 | |
| Income (loss) before income taxes | −225 | 504 | 547 | |
| Provision for (benefit from) income taxes | −19 | −100 | 46 | |
| Net income (loss) | −206 | 604 | 501 | |
| Net income (loss) attributable to non-controlling interest | −138 | 245 | 301 | |
| Net income (loss) attributable to Viper Energy, Inc. | −68 | 359 | 200 | |
| Basic (dollars per shares) | −0.48 | 3.82 | 2.69 | |
| Diluted (dollars per shares) | −0.48 | 3.82 | 2.69 | |
| Basic (in shares) | 143 | 94 | 74 | |
| Diluted (in shares) | 143 | 94 | 74 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 13 | 27 | — | — | |
| Prepaid expenses and other current assets | 50 | 31 | — | — | |
| Total current assets | 413 | 238 | — | — | |
| Proved properties | 9,746 | 3,533 | — | — | |
| Unproved properties | 4,910 | 2,180 | — | — | |
| Other property, equipment and land | 8 | 6 | — | — | |
| Accumulated depletion and impairment | −2,455 | −1,081 | — | — | |
| Property, net | 12,209 | 4,638 | — | — | |
| Deferred income taxes (net of allowances) | 33 | 185 | — | — | |
| Other assets | 16 | 8 | — | — | |
| Total assets | 12,671 | 5,069 | — | — | |
| Accrued liabilities | 107 | 43 | — | — | |
| Other current liabilities | 4 | 6 | — | — | |
| Total current liabilities | 111 | 49 | — | — | |
| Long-term debt, net | 2,186 | 1,083 | — | — | |
| Other long-term liabilities | 11 | 30 | — | — | |
| Total liabilities | 2,308 | 1,162 | — | — | |
| Commitments and contingencies (Note 12) | — | — | — | — | |
| Additional paid-in capital | 4,726 | 1,569 | — | — | |
| Retained earnings (accumulated deficit) | −278 | 118 | — | — | |
| Total Viper Energy, Inc. stockholders equity | 4,448 | 1,687 | — | — | |
| Non-controlling interest | 5,915 | 2,220 | — | — | |
| Total equity | 10,363 | 3,907 | 2,857 | 2,322 | |
| Total liabilities and stockholders equity | 12,671 | 5,069 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Provision for (benefit from) deferred income taxes | −83 | −149 | −7 | |
| (Gain) loss on derivative instruments, net | −44 | −11 | 26 | |
| Net cash receipts (payments) on derivatives | 30 | −3 | −13 | |
| Other | 13 | 6 | 3 | |
| Royalty income receivable | −25 | −13 | −27 | |
| Royalty income receivablerelated party | −34 | −28 | 3 | |
| Accounts payable and accrued liabilities | −19 | 7 | 6 | |
| Accounts payablerelated party | −2 | 1 | 1 | |
| Other | 16 | −8 | −1 | |
| Net cash provided by (used in) operating activities | 1,053 | 620 | 638 | |
| Proceeds from sale of oil and natural gas interests | 0 | 88 | −3 | |
| Net cash provided by (used in) investing activities | −2,424 | −608 | −908 | |
| Proceeds from debt | 3,250 | 842 | 973 | |
| Repayments of debt | −2,163 | −844 | −462 | |
| Net proceeds from public offering | 1,232 | 476 | 0 | |
| Proceeds from public offering to Diamondback | 0 | 0 | 200 | |
| Dividends to stockholders | −328 | −219 | −129 | |
| Dividends to Diamondback | −361 | −255 | −196 | |
| Dividends to other non-controlling interest | −56 | −7 | 0 | |
| Other | −23 | −4 | −13 | |
| Net cash provided by (used in) financing activities | 1,357 | −11 | 278 | |
| Net increase (decrease) in cash and cash equivalents | −14 | 1 | 8 | |
| Interest paid | −70 | −74 | −40 | |
| Federal | −47 | −53 | −50 | |
| State | −2 | −3 | −1 | |
| Class A Common Stock issued for acquisition | −1,435 | 0 | −255 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Viper Energy, Inc.'s CIK number?
Viper Energy, Inc.'s SEC CIK number is 0002074176 (2074176). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Viper Energy, Inc.'s SEC filings?
All of Viper Energy, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Viper Energy, Inc. last report earnings?
Viper Energy, Inc. (VNOM) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0002074176-26-000025). This is Viper Energy, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Viper Energy, Inc.'s most recent earnings 8-K?
Viper Energy, Inc.'s latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0002074176-26-000025. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Viper Energy, Inc.'s latest earnings 8-K →
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