VNOM on Nasdaq

Viper Energy, Inc.

American crude petroleum and natural gas company, incorporated in Delaware.

Price unavailable

Last updated Oct 18, 2026.

Overview

$1.3BRevenue, fiscal 2025²

-$68.0MNet income, fiscal 2025²

Compare with Magnolia Oil & Gas Corp, Kosmos Energy or GULFPORT ENERGY CORP, or pick any stock.

TickerVNOM on Nasdaq
IndustryCrude Petroleum & Natural Gas
HeadquartersDE
Incorporated inDE³
Business address500 West Texas Ave., Suite 100, Midland, Tx 79701³
Filer categoryLarge accelerated filer³

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-10.4%Operating margin²

-5.1%Net margin²

57.6%Revenue growth, 2025²

-1.5%Return on equity²

0.49×Debt to equity²

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Oil Income brought in 84% of the revenue Viper Energy, Inc. broke down this way in fiscal 2025.

Oil Income$1.1B²84%up 51% from 2024
Natural Gas Liquids Income$159.0M²12%up 79% from 2024
Natural Gas Income$56.0M²4%up 273% from 2024

Products and services by year

Products and services	2023	2024	2025
Oil Income	$619.0M	$750.0M	$1.1B
Natural Gas Liquids Income	$67.0M	$89.0M	$159.0M
Natural Gas Income	$31.0M	$15.0M	$56.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costs

Other costs99¢$1.3B
Income tax1¢$19.0M

Out of $1.3B in revenue.² The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

Dividends paidKept or used elsewhere

Dividends paid31¢$328.0M
Kept or used elsewhere69¢$725.0M

Out of $1.1B of cash from operations.²

Financial statements

Revenue²$1.3B in 2025+88% since 2023

Operating income²-$140.0M in 2025

Net income²-$68.0M in 2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.²

Period ending	2025-12-31	2024-12-31	2023-12-31
Royalty income	$1.3B	$854.0M	$717.0M
Other operating income	$1.0M	$1.0M	$1.0M
Total operating income	$1.4B	$861.0M	$828.0M
Production and ad valorem taxes	$94.0M	$61.0M	$50.0M
Depletion	$607.0M	$214.0M	$146.0M
Impairment	$768.0M	$0	$0
Other operating expenses	$31.0M	$0	$1.0M
Total costs and expenses	$1.5B	$294.0M	$208.0M
Income (loss) from operations	-$140.0M	$567.0M	$620.0M
Interest expense, net	-$96.0M	-$74.0M	-$47.0M
Gain (loss) on derivative instruments, net	$44.0M	$11.0M	-$26.0M
Gain (loss) on early extinguishment of debt	-$32.0M	$0	$0
Other income (expense), net	-$1.0M	$0	$0
Total other income (expense), net	-$85.0M	-$63.0M	-$73.0M
Income (loss) before income taxes	-$225.0M	$504.0M	$547.0M
Provision for (benefit from) income taxes	-$19.0M	-$100.0M	$46.0M
Net income (loss)	-$206.0M	$604.0M	$501.0M
Net income (loss) attributable to non-controlling interest	-$138.0M	$245.0M	$301.0M
Net income (loss) attributable to Viper Energy, Inc.	-$68.0M	$359.0M	$200.0M
Basic (dollars per shares)	-$0.48	$3.82	$2.69
Diluted (dollars per shares)	-$0.48	$3.82	$2.69
Basic (in shares)	142.5M shares	93.9M shares	74.2M shares
Diluted (in shares)	142.5M shares	93.9M shares	74.2M shares

Total assets²$12.7B in 2025+150% since 2024

Total liabilities²$2.3B in 2025+99% since 2024

Shareholders’ equity²$4.4B in 2025+92% since 2022

Cash²$13.0M in 2025−52% since 2024

Long-term debt²$2.2B in 2025+102% since 2024

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.²

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	$13.0M	$27.0M
Prepaid expenses and other current assets	$50.0M	$31.0M
Total current assets	$413.0M	$238.0M
Proved properties	$9.7B	$3.5B
Unproved properties	$4.9B	$2.2B
Other property, equipment and land	$8.0M	$6.0M
Accumulated depletion and impairment	-$2.5B	-$1.1B
Property, net	$12.2B	$4.6B
Deferred income taxes (net of allowances)	$33.0M	$185.0M
Other assets	$16.0M	$8.0M
Total assets	$12.7B	$5.1B
Accrued liabilities	$107.0M	$43.0M
Other current liabilities	$4.0M	$6.0M
Total current liabilities	$111.0M	$49.0M
Long-term debt, net	$2.2B	$1.1B
Other long-term liabilities	$11.0M	$30.0M
Total liabilities	$2.3B	$1.2B
Additional paid-in capital	$4.7B	$1.6B
Retained earnings (accumulated deficit)	-$278.0M	$118.0M
Total Viper Energy, Inc. stockholders equity	$4.4B	$1.7B
Non-controlling interest	$5.9B	$2.2B
Total equity	$10.4B	$3.9B	$2.9B	$2.3B
Total liabilities and stockholders equity	$12.7B	$5.1B

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	$13.0M	$27.0M
Prepaid expenses and other current assets	$50.0M	$31.0M
Total current assets	$413.0M	$238.0M
Proved properties	$9.7B	$3.5B
Unproved properties	$4.9B	$2.2B
Other property, equipment and land	$8.0M	$6.0M
Accumulated depletion and impairment	-$2.5B	-$1.1B
Property, net	$12.2B	$4.6B
Deferred income taxes (net of allowances)	$33.0M	$185.0M
Other assets	$16.0M	$8.0M
Total assets	$12.7B	$5.1B
Accrued liabilities	$107.0M	$43.0M
Other current liabilities	$4.0M	$6.0M
Total current liabilities	$111.0M	$49.0M
Long-term debt, net	$2.2B	$1.1B
Other long-term liabilities	$11.0M	$30.0M
Total liabilities	$2.3B	$1.2B
Additional paid-in capital	$4.7B	$1.6B
Retained earnings (accumulated deficit)	-$278.0M	$118.0M
Total Viper Energy, Inc. stockholders equity	$4.4B	$1.7B
Non-controlling interest	$5.9B	$2.2B
Total equity	$10.4B	$3.9B	$2.9B	$2.3B
Total liabilities and stockholders equity	$12.7B	$5.1B

Cash from operations²$1.1B in 2025+65% since 2023

Dividends paid²$328.0M in 2025+154% since 2023

Every line of the cash flow as filed: the last 3 fiscal years, latest first.²

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income (loss)	-$206.0M	$604.0M	$501.0M
Provision for (benefit from) deferred income taxes	-$83.0M	-$149.0M	-$7.0M
Depletion	$607.0M	$214.0M	$146.0M
Impairment	$768.0M	$0	$0
(Gain) loss on derivative instruments, net	-$44.0M	-$11.0M	$26.0M
Net cash receipts (payments) on derivatives	$30.0M	-$3.0M	-$13.0M
(Gain) loss on extinguishment of debt	$32.0M	$0	$0
Other	$13.0M	$6.0M	$3.0M
Royalty income receivable	-$25.0M	-$13.0M	-$27.0M
Royalty income receivablerelated party	-$34.0M	-$28.0M	$3.0M
Accounts payable and accrued liabilities	-$19.0M	$7.0M	$6.0M
Accounts payablerelated party	-$2.0M	$1.0M	$1.0M
Other	$16.0M	-$8.0M	-$1.0M
Net cash provided by (used in) operating activities	$1.1B	$620.0M	$638.0M
Proceeds from sale of oil and natural gas interests	$0	$88.0M	-$3.0M
Net cash provided by (used in) investing activities	-$2.4B	-$608.0M	-$908.0M
Proceeds from debt	$3.2B	$842.0M	$973.0M
Repayments of debt	-$2.2B	-$844.0M	-$462.0M
Net proceeds from public offering	$1.2B	$476.0M	$0
Proceeds from public offering to Diamondback	$0	$0	$200.0M
Dividends to stockholders	-$328.0M	-$219.0M	-$129.0M
Dividends to Diamondback	-$361.0M	-$255.0M	-$196.0M
Dividends to other non-controlling interest	-$56.0M	-$7.0M	$0
Other	-$23.0M	-$4.0M	-$13.0M
Net cash provided by (used in) financing activities	$1.4B	-$11.0M	$278.0M
Net increase (decrease) in cash and cash equivalents	-$14.0M	$1.0M	$8.0M
Interest paid	-$70.0M	-$74.0M	-$40.0M
Federal	-$47.0M	-$53.0M	-$50.0M
State	-$2.0M	-$3.0M	-$1.0M
Class A Common Stock issued for acquisition	-$1.4B	$0	-$255.0M

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Leadership

Who has led Viper Energy, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive officerHof Matthew Kaes Van'T Aug 19, 2025 to now⁷
PresidentAusten Gilfillian Aug 19, 2025 to now⁸
Chief financial officerTeresa L. Dick Aug 19, 2025 to now⁹

Board members and other officers (11)

VP, Gen Counsel and SecWilliam F. Krueger Feb 27, 2026 to now¹⁰
Exec. VP and Chief EngineerAlbert Barkmann Aug 19, 2025 to now¹¹
Exec. VP, Gen Counsel and SecMatt Zmigrosky Aug 19, 2025 to now¹²
Board memberJohn P. Grotzinger Sep 17, 2026 to now¹³
Board memberFrank C. Hu Aug 19, 2025 to now¹⁴
Board memberHof Matthew Kaes Van'T Aug 19, 2025 to now⁷
Board memberJames L. Rubin Aug 19, 2025 to now¹⁵
Board memberLaurie H. Argo Aug 19, 2025 to now¹⁶
Board memberSpencer D. Armour Iii. Aug 19, 2025 to now¹⁷
Board memberSteven E. West Aug 19, 2025 to now¹⁸
Board memberTravis D. Stice Aug 19, 2025 to now¹⁹

Former names

New Cobra Pubco, Inc.Jun 30, 2025 to Jul 18, 2025³

Timeline

Aug 19, 2025New chief executive Hof Matthew Kaes Van'T becomes CEO⁷

Filings

95 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 16 major events, 30 insider forms, 22 large holders, 23 other. The latest 20:

Oct 5, 20264 EDGAR
Sep 17, 20264 EDGAR
Sep 17, 20263 EDGAR
Sep 16, 20268-K EDGAR
Sep 8, 20268-K EDGAR
Sep 3, 2026SCHEDULE 13D/A EDGAR
Sep 3, 20264 OWNERSHIP DOCUMENT EDGAR
Aug 13, 2026SCHEDULE 13G/A EDGAR
Aug 12, 2026SCHEDULE 13G/A EDGAR
Aug 5, 202610-Q EDGAR
Aug 5, 2026SCHEDULE 13D/A EDGAR
Aug 3, 20268-K EDGAR
Jul 2, 20268-K EDGAR
Jul 2, 2026424B7 EDGAR
Jun 15, 20268-K EDGAR
May 21, 20264 EDGAR
May 21, 20264 EDGAR
May 21, 20264 EDGAR
May 21, 20264 EDGAR
May 21, 20264 EDGAR

The 95 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 22 such filings since October 2021, the latest 10:

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Capital World Investors	26,471,437	$1.1B	0.1%	+2,453,944
BlackRock, Inc.	19,225,221	$815.1M	0.0%	+1,756,615
Kimmeridge Energy Management Company, LLC	15,680,938	$664.9M	78.4%	New
Vanguard Portfolio Management LLC	9,067,394	$384.5M	0.0%	−305,836
Wellington Management Group Llp	8,696,506	$368.7M	0.1%	−2,914,858
Vanguard Capital Management LLC	8,427,152	$357.3M	0.0%	−185,318
State Street Corp	7,563,443	$320.7M	0.0%	+304,444
FIL Ltd	5,646,200	$239.4M	0.2%	−28,052
D. E. Shaw & Co., Inc.	5,466,523	$231.8M	0.2%	+216,448
Adage Capital Partners Gp, L.l.c.	5,426,609	$230.1M	0.3%	+421,919
Oaktree Capital Management LP	3,791,432	$160.8M	4.3%	No change
Geode Capital Management, LLC	3,761,206	$159.5M	0.0%	+175,993
Neuberger Berman Group LLC	3,246,944	$137.7M	0.1%	−903,854
Invesco Ltd.	2,776,416	$117.7M	0.0%	+5,802
Raymond James Financial Inc	2,732,907	$115.9M	0.0%	+137,074
Fmr LLC	2,476,244	$105.0M	0.0%	−25,132
UBS Group AG	2,373,764	$100.6M	0.0%	+271,272
Two Sigma Investments, LP	2,358,096	$100.0M	0.1%	+1,436,286
Horizon Kinetics Asset Management LLC	1,652,125	$70.1M	0.8%	−10,516
Renaissance Technologies LLC	1,605,478	$68.1M	0.1%	+808,200
Morgan Stanley	1,461,152	$62.0M	0.0%	+65,632
Northern Trust Corp	1,438,460	$61.0M	0.0%	+60,815
Primecap Management Co/ca/	1,433,200	$60.8M	0.0%	+267,948
Charles Schwab Investment Management Inc	1,293,915	$54.9M	0.0%	+45,524
Capital Research Global Investors	1,275,201	$54.1M	0.0%	+34,274

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Mar 13, 2026	August PflugerRepublican, House	Buy	$15,001 - $50,000	−18.0%	Report
Jul 10, 2025	Lisa C. McClainRepublican, House	Sale	$1,001 - $15,000	+5.8%	Report
Jun 24, 2025	Lisa C. McClainRepublican, House	Buy	$1,001 - $15,000	−14.2%	Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARViper Energy, Inc. filings on SEC EDGAR
2
SEC EDGARViper Energy, Inc. 10-K for fiscal 2025
3
SEC EDGARViper Energy, Inc. filings on SEC EDGAR
4
SEC EDGARViper Energy, Inc. 10-Q for fiscal 2025
5
SEC EDGARViper Energy, Inc. 10-Q for fiscal 2025
6
SEC EDGARViper Energy, Inc. 10-Q for fiscal 2026
7
SEC EDGARHof Matthew Kaes Van'T, Chief executive officer
8
SEC EDGARAusten Gilfillian, President
9
SEC EDGARTeresa L. Dick, Chief financial officer
10
SEC EDGARWilliam F. Krueger, VP, Gen Counsel and Sec
11
SEC EDGARAlbert Barkmann, Exec. VP and Chief Engineer
12
SEC EDGARMatt Zmigrosky, Exec. VP, Gen Counsel and Sec
13
SEC EDGARJohn P. Grotzinger, Board member
14
SEC EDGARFrank C. Hu, Board member
15
SEC EDGARJames L. Rubin, Board member
16
SEC EDGARLaurie H. Argo, Board member
17
SEC EDGARSpencer D. Armour Iii., Board member
18
SEC EDGARSteven E. West, Board member
19
SEC EDGARTravis D. Stice, Board member