VNOM · Viper Energy, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $297.00M | $245.00M | - | $209.59M | $216.71M | $205.39M | - | $293.24M | $160.79M | $168.96M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | $5.03M | - | $1.88M | $2.01M | $2.76M |
| Total Operating Expenses | $162.00M | $90.00M | - | $74.02M | $68.16M | $66.47M | - | $50.45M | $48.69M | $46.64M |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $135.00M | $155.00M | - | $135.57M | $148.55M | $138.93M | - | $242.79M | $112.09M | $122.32M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $7.00M | $21.00M | - | $17.19M | $13.01M | $12.53M | - | $21.88M | $8.45M | $9.41M |
| Net Income | $37.00M | $75.00M | - | $48.92M | $56.90M | $43.36M | - | $78.60M | $30.55M | $33.97M |
| EPS - Basic | $0.28 | $0.62 | - | $0.52 | $0.42 | $0.49 | - | - | - | - |
| EPS - Diluted | $0.28 | $0.62 | - | $1.11 | $0.62 | $0.49 | - | - | - | - |
Balance Sheet
| Line item | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $28.00M | $560.00M | $26.85M | $168.65M | $35.21M | $20.00M | $25.87M | $146.81M | $13.08M | $9.11M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | $83.04M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $0 | $2.00M | - | - | - | - | - | - | - | $436.0K |
| Current Assets | $443.00M | $792.00M | $238.04M | $320.18M | $205.38M | $189.82M | $143.52M | $262.13M | $105.79M | $133.27M |
| Total Assets | $9.79B | $6.24B | $5.07B | $4.21B | $3.90B | $4.01B | $3.97B | $3.14B | $2.97B | $3.02B |
| Current Liabilities | $72.00M | $91.00M | $48.69M | $44.21M | $29.09M | $54.88M | $33.26M | $47.49M | $28.08M | $29.77M |
| Long-term Debt | $1.10B | $822.00M | $1.08B | $821.50M | $998.02M | $1.09B | $1.08B | $675.68M | $649.42M | $695.15M |
| Total Liabilities | $1.18B | $915.00M | $1.16B | $870.50M | $1.03B | $1.15B | $1.12B | $724.79M | $680.87M | $727.31M |
| Stockholders' Equity | $3.42B | $2.67B | $1.69B | $1.40B | $1.09B | $1.08B | $1.01B | - | - | - |
| Retained Earnings | $70.00M | $108.00M | $118.44M | ($28.69M) | ($18.94M) | ($21.76M) | ($16.79M) | - | - | - |
Cash Flow
| Line item | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $201.00M | - | - | - | $115.44M | - | - | - | $107.24M |
| Investing Cash Flow | - | ($486.00M) | - | - | - | ($20.34M) | - | - | - | ($116.58M) |
| Financing Cash Flow | - | $818.00M | - | - | - | ($100.96M) | - | - | - | $267.0K |
| CapEx | - | - | - | - | - | - | - | - | - | $1.91M |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | $105.33M |
Ratios
| Metric | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 45.5% | 63.3% | - | 64.7% | 68.5% | 67.6% | - | 82.8% | 69.7% | 72.4% |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 12.5% | 30.6% | - | 23.3% | 26.3% | 21.1% | - | 26.8% | 19.0% | 20.1% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | 62.3% |
| FCF / Net income | - | - | - | - | - | - | - | - | - | 3.10 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | 2.5% | - | 0.6% | 1.2% | 1.6% |
| Effective tax rate | 15.9% | 21.9% | - | 26.0% | 18.6% | 22.4% | - | 21.8% | 21.7% | 21.7% |
| Return on assets | 0.4% | 1.2% | - | 1.2% | 1.5% | 1.1% | - | 2.5% | 1.0% | 1.1% |
| Return on equity | 1.1% | 2.8% | - | 3.5% | 5.2% | 4.0% | - | - | - | - |
| Return on invested capital | 2.5% | 3.5% | - | 4.5% | 5.8% | 5.0% | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 6.15 | 8.70 | 4.89 | 7.24 | 7.06 | 3.46 | 4.32 | 5.52 | 3.77 | 4.48 |
| Quick ratio | 6.15 | 8.70 | 4.89 | 7.24 | 7.06 | 3.46 | 4.32 | 5.52 | 3.77 | 4.48 |
| Cash ratio | 0.39 | 6.15 | 0.55 | 3.81 | 1.21 | 0.36 | 0.78 | 3.09 | 0.47 | 0.31 |
| Leverage | ||||||||||
| Debt / Equity | 0.32 | 0.31 | 0.64 | 0.59 | 0.92 | 1.01 | 1.07 | - | - | - |
| Debt / Assets | 0.11 | 0.13 | 0.21 | 0.20 | 0.26 | 0.27 | 0.27 | 0.21 | 0.22 | 0.23 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.86 | 2.33 | 3.00 | 3.00 | 3.58 | 3.72 | 3.92 | - | - | - |
| Liabilities / Assets | 0.12 | 0.15 | 0.23 | 0.21 | 0.26 | 0.29 | 0.28 | 0.23 | 0.23 | 0.24 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | 0.04 | - | 0.05 | 0.06 | 0.05 | - | 0.09 | 0.05 | 0.06 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | 179d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 136.2x | 72.8x | - | 40.6x | 60.5x | 78.5x | - | - | - | - |
| P / B | 1.5x | 2.0x | - | 3.0x | 2.5x | 3.1x | - | - | - | - |
| P / S | 16.8x | 22.3x | - | 20.2x | 12.4x | 16.4x | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 37.1% | 19.3% | - | -28.5% | 34.8% | 21.6% | - | 32.3% | -32.8% | -16.3% |
| Revenue CAGR (3y) | 7.5% | 6.7% | - | 17.9% | 23.8% | 28.4% | - | 67.0% | 70.1% | 29.0% |
| Revenue CAGR (5y) | 55.5% | 25.5% | - | 23.9% | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -9.1% | 11.6% | - | -44.2% | 32.5% | 13.6% | - | 40.0% | -40.8% | -22.9% |
| Net income growth (YoY) | -35.0% | 73.0% | - | -37.8% | 86.3% | 27.7% | - | -0.9% | -10.2% | 104.6% |
| EPS growth (YoY) | -54.8% | 26.5% | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 213.8% | 147.7% | 66.3% | - | - | - | 46.9% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Product / service
$853.58M totalOil Income$750.24M · 87.9%
Natural Gas Liquids Income$88.52M · 10.4%
Natural Gas Income$14.81M · 1.7%
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing Viper Energy against the 5 most active filers in the same SIC group.
Dividends
$2.31/share trailing 12 months · -6.5% YoY
| Ex-date | Per share |
|---|---|
| May 14, 2026 | $0.6800 |
| Mar 5, 2026 | $0.5200 |
| Nov 13, 2025 | $0.5800 |
| Aug 14, 2025 | $0.5300 |
| May 15, 2025 | $0.5700 |
| Mar 6, 2025 | $0.6500 |
| Nov 14, 2024 | $0.6100 |
| Aug 15, 2024 | $0.6400 |
| May 14, 2024 | $0.5900 |
| Mar 4, 2024 | $0.5600 |
| Nov 15, 2023 | $0.5700 |
| Aug 9, 2023 | $0.3600 |
| May 10, 2023 | $0.3300 |
| Mar 2, 2023 | $0.4900 |
| Nov 16, 2022 | $0.4900 |
| Aug 15, 2022 | $0.8100 |
| May 11, 2022 | $0.6700 |
| Mar 3, 2022 | $0.4700 |
| Nov 9, 2021 | $0.3800 |
| Aug 11, 2021 | $0.3300 |
| May 12, 2021 | $0.2500 |
| Mar 3, 2021 | $0.1400 |
| Nov 10, 2020 | $0.1000 |
| Aug 12, 2020 | $0.0300 |