NasdaqEnergyOil & Gas Storage & TransportationS&P MidCap 400
$40.62
+0.92 (+2.32%)
Close of Nov 06, 2026 · end-of-day data
Source: Viper Energy's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 09, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2023
FY2024
FY2025
Revenue
$828.00M
$861.00M
$1.40B
Operating income
$620.00M
$567.00M
-$140.00M
Pre-tax income
$547.00M
$504.00M
-$225.00M
Income tax
$46.00M
-$100.00M
-$19.00M
Net income
$200.00M
$359.00M
-$68.00M
EPS (basic)
$2.69
$3.82
$-0.48
EPS (diluted)
$2.69
$3.82
$-0.48
Diluted shares
74.18M
93.93M
142.53M
Operating margin
74.9%
65.9%
-10.0%
Net margin
24.2%
41.7%
-4.9%
Balance sheet
fiscal years · USD
Fiscal year
FY2023
FY2024
FY2025
Cash & equivalents
$26.00M
$27.00M
$13.00M
Total current assets
—
$238.00M
$413.00M
Total assets
—
$5.07B
$12.67B
Total current liabilities
—
$49.00M
$111.00M
Short-term debt
—
$0
—
Long-term debt
—
$1.08B
$2.19B
Total debt
—
$1.08B
$2.19B
Total liabilities
—
$1.16B
$2.31B
Shareholders' equity
$2.86B
$1.69B
$4.45B
Cash flow
fiscal years · USD
Fiscal year
FY2023
FY2024
FY2025
Operating cash flow
$638.00M
$620.00M
$1.05B
Free cash flow
$638.00M
$620.00M
$1.05B
Investing cash flow
-$908.00M
-$608.00M
-$2.42B
Financing cash flow
$278.00M
-$11.00M
$1.36B
Dividends paid
$129.00M
$219.00M
$328.00M
Income statement
quarters · USD
Quarter ended
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$211.00M
$229.00M
$245.00M
$297.00M
$418.00M
$435.00M
$511.00M
$677.00M
$661.00M
Operating income
$136.00M
$144.00M
$155.00M
$135.00M
-$176.00M
-$254.00M
$253.00M
$428.00M
$399.00M
Pre-tax income
$127.00M
$130.00M
$174.00M
$91.00M
-$223.00M
-$267.00M
$243.00M
$403.00M
$339.00M
Income tax
$18.00M
-$143.00M
$21.00M
$7.00M
-$26.00M
-$21.00M
$28.00M
$72.00M
$39.00M
Net income
$49.00M
$210.00M
$75.00M
$37.00M
-$77.00M
-$103.00M
$97.00M
$142.00M
$140.00M
EBITDA
—
—
$222.00M
$259.00M
$6.00M
—
$459.00M
$623.00M
$605.00M
EPS (basic)
$0.52
$2.18
$0.62
$0.28
$-0.52
$-0.73
$0.54
$0.73
$0.72
EPS (diluted)
$0.52
$2.18
$0.62
$0.28
$-0.52
$-0.73
$0.53
$0.73
$0.72
Diluted shares
93.75M
—
121.03M
131.16M
148.88M
—
181.42M
193.73M
193.99M
Operating margin
64.5%
62.9%
63.3%
45.5%
-42.1%
-58.4%
49.5%
63.2%
60.4%
Net margin
23.2%
91.7%
30.6%
12.5%
-18.4%
-23.7%
19.0%
21.0%
21.2%
Balance sheet
quarters · USD
Quarter ended
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$169.00M
$27.00M
$560.00M
$28.00M
$53.00M
$13.00M
$28.00M
$77.00M
$10.00M
Total current assets
—
$238.00M
—
—
$887.00M
$413.00M
$469.00M
$580.00M
$568.00M
Total assets
—
$5.07B
—
—
$13.69B
$12.67B
$12.05B
$12.05B
$13.00B
Total current liabilities
—
$49.00M
—
—
$472.00M
$111.00M
$76.00M
$91.00M
$96.00M
Short-term debt
—
$0
—
—
$380.00M
—
—
—
—
Long-term debt
—
$1.08B
—
—
$2.24B
$2.19B
$1.60B
$1.68B
$2.39B
Total debt
—
$1.08B
—
—
$2.62B
$2.19B
$1.60B
$1.68B
$2.39B
Total liabilities
—
$1.16B
—
—
$2.75B
$2.31B
$1.68B
$1.77B
$2.53B
Shareholders' equity
$3.34B
$1.69B
$5.32B
$8.61B
$4.62B
$4.45B
$5.11B
$5.04B
$5.12B
Cash flow
quarters · USD
Quarter ended
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
—
$158.00M
$201.00M
$172.00M
$281.00M
$399.00M
$328.00M
$487.00M
$447.00M
Free cash flow
—
$158.00M
$201.00M
$172.00M
$281.00M
$399.00M
$328.00M
$487.00M
$447.00M
Investing cash flow
—
-$425.00M
-$486.00M
-$774.00M
-$1.10B
-$67.00M
$581.00M
-$103.00M
-$842.00M
Financing cash flow
—
$125.00M
$818.00M
$70.00M
$1.23B
-$762.00M
-$894.00M
-$335.00M
$328.00M
Dividends paid
—
$62.00M
$85.00M
$75.00M
$68.00M
$100.00M
$100.00M
$133.00M
$130.00M
Depreciation & amortization
—
—
$67.00M
$124.00M
$182.00M
—
$206.00M
$195.00M
$206.00M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.