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VNOMViper Energy, Inc.
$41.62$14.9B
Overview & Verdict
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VNOM logoViper Energy, Inc.(VNOM)Earnings, Financials & Key Ratios

VNOM•NASDAQ
$41.62
Price updated Jul 7, 2026
SectorEnergyIndustryMidstream Oil & GasSub-IndustryCrude Oil Pipelines and Terminals
AboutViper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2021, it had mineral interests in 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 127,888 thousand barrels of crude oil equivalent. Viper Energy Partners GP LLC operates as the general partner of the company. The company was founded in 2013 and is based in Midland, Texas. Viper Energy Partners LP is a subsidiary of Diamondback Energy, Inc.Show more
  • Revenue$1.35B+56.6%
  • EBITDA$1.19B+51.9%
  • Net Income-$68M-118.9%
  • EPS (Diluted)-0.48-112.6%
  • Gross Margin47.92%-29.5%
  • EBITDA Margin88.11%-3.0%
  • Operating Margin43.02%-34.7%
  • Net Margin-5.05%-112.1%
  • ROE-0.95%-109.0%

VNOM Price & Volume

Viper Energy, Inc. (VNOM) stock price & volume — 10-year historical chart

Loading chart...

Aggressive Inorganic Expansion Drives Permian Revenue Growth

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Permian Basin concentration risk

Key Thesis Takeaways

  • Viper Energy is executing an aggressive inorganic growth strategy, evidenced by a 102.4% year-over-year revenue surge to $496.0 million in 2026Q1, which has fundamentally scaled its Permian mineral footprint.
  • While the company maintains a fortress balance sheet with a 0.15 debt-to-equity ratio, investors should monitor the volatility in net income and the potential for margin compression as gross margins have contracted from 71.9% in 2023Q4 to 51.4% in 2026Q1.
  • The long-term outlook remains tied to the company's ability to integrate these large-scale acquisitions while managing the inherent geographic concentration risks of the Permian Basin.

Verdict Logic

while the company demonstrates robust operating leverage with SG&A expenses of only $13.0 million against $496.0 million in revenue, the extreme volatility in net income and recent margin contraction warrant a cautious approach until cash flow stability is proven.

VNOM Growth Metrics

Viper Energy, Inc. (VNOM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years33.5%
5 Years40.08%
3 Years15.85%
TTM77.77%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-111.77%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-108.42%

Return on Capital

10 Years11.18%
5 Years14.75%
3 Years12.46%
Last Year6.59%

VNOM Recent Earnings

Viper Energy, Inc. (VNOM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (100%)●Beat Revenue 7/12 qtrs (64%)
Q2 2026Latest
May 4, 2026
Metric
Actual
Est
EPS
$0.55+27.8%
$0.43
Rev
$511M+2.2%
$500M
Q1 2026
Feb 23, 2026
Metric
Actual
Est
EPS
$0.31+6.7%
$0.29
Rev
$435M+2.9%
$423M
Q4 2025
Nov 3, 2025
Metric
Actual
Est
EPS
$0.40+5.3%
$0.38
Rev
$418M+3.6%
$404M
Q3 2025
Aug 4, 2025
Metric
Actual
Est
EPS
$0.41+9.0%
$0.38
Rev
$297M+2.8%
$289M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 4, 2026
$0.55vs $0.43+27.8%
$511Mvs $500M+2.2%
Q1 2026Feb 23, 2026
$0.31vs $0.29+6.7%
$435Mvs $423M+2.9%
Q4 2025Nov 3, 2025
$0.40vs $0.38+5.3%
$418Mvs $404M+3.6%
Q3 2025Aug 4, 2025
$0.41vs $0.38+9.0%
$297Mvs $289M+2.8%
Based on last 12 quarters of dataView full earnings history →

Latest VNOM News

Recent stock market news and headlines for Viper Energy, Inc. (VNOM)

GlobeNewsWire·6 days ago
Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Has Completed Its Acquisition of Riverbend Mineral and Royalty Interests

MIDLAND, Texas, July 01, 2026 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced that Viper has completed its previously announced acquisition of all of the equity interests of Riverbend Oil & Gas IX, L.L.C., an entity owning certain mineral and royalty interests, from Riverbend Oil & Gas IX (AIV), L.L.C. and ROG IX, L.L.C. (such acquisition, the “Riverbend Acquisition”) in exchange for $337 million in cash and approximately 3.7 million shares of Viper's Class A common stock, par value $0.000001 per share, subject to customary post-closing adjustments. The cash portion of the Riverbend Acquisition was funded through a combination of cash on hand and borrowings under the Company's credit facility.

Globe News Wire·Jun 30, 2026
Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Second Quarter 2026 Conference Call for August 4, 2026

MIDLAND, Texas, June 30, 2026 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) ("Viper"), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback"), today announced that it plans to release second quarter 2026 financial results on August 3, 2026 after the market closes.

GlobeNewsWire·Jun 30, 2026
Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Second Quarter 2026 Conference Call for August 4, 2026

MIDLAND, Texas, June 30, 2026 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release second quarter 2026 financial results on August 3, 2026 after the market closes.

The Motley Fool·Jun 19, 2026
ConocoPhillips vs. Viper Energy: Which Energy Stock Is a Better Buy in 2026?

ConocoPhillips provides global diversification and scale through its massive international exploration and production operations. Viper Energy offers a focused royalty model that captures high-margin growth from the prolific Permian Basin.

The Motley Fool·Jun 18, 2026
Gulfport Energy vs. Viper Energy: Is an Energy Producer or Royalty Collector the Better Buy?

Gulfport Energy focuses on natural gas production with a strong concentration in the Appalachia and Anadarko basins. Viper Energy operates as a royalty interest owner, benefiting from Permian Basin production without the direct costs of drilling.

Peers Comparison

Key metrics vs top competitors for Viper Energy, Inc. (VNOM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VNOM logoVNOMViper Energy, Inc.Current
$41.62$14.94B-86.7156.56%-5.05%-0.95%5.53%
DMLP logoDMLPDorchester Minerals, L.P.
$25.83$1.25B21.53-5.38%40.85%22.11%—
BSM logoBSMBlack Stone Minerals, L.P.
$14.00$2.97B10.94-3.89%63.48%35.46%—
TPL logoTPLTexas Pacific Land Corporation
$402.76$27.78B57.7813.09%60.03%35.52%—
NRP logoNRPNatural Resource Partners L.P.
$97.76$1.3B9.74-17.42%51.63%15.45%—
FANG logoFANGDiamondback Energy, Inc.
$180.56$50.79B31.5136.31%2.65%0.93%—

Compare VNOM vs Peers

Viper Energy, Inc. (VNOM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DMLP

Most directly comparable listed peer for VNOM.

Scale Benchmark

vs SLB

Larger-name benchmark to compare VNOM against a more recognizable public peer.

Peer Set

Compare Top 5

vs DMLP, BSM, TPL, NRP

VNOM SEC Filings & Documents

Viper Energy, Inc. (VNOM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 19, 2025·SEC

Material company update

Aug 4, 2025·SEC

Material company update

Jul 23, 2025·SEC

10-K Annual Reports

2
FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

FY 2024

Nov 7, 2024·SEC

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VNOM Frequently Asked Questions

Viper Energy, Inc. (VNOM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Viper Energy, Inc.'s revenue?

Viper Energy, Inc. (VNOM) reported $1.60B in revenue for fiscal year 2025. This represents a 2566% increase from $59.9M in 2013.

How fast is Viper Energy, Inc. growing?

Viper Energy, Inc. (VNOM) grew revenue by 56.6% over the past year. This is strong growth.

Is VNOM profitable?

Viper Energy, Inc. (VNOM) reported a net loss of $46.0M for fiscal year 2025.

Dividend & Returns
Does VNOM pay dividends?

Yes, Viper Energy, Inc. (VNOM) pays a dividend with a yield of 5.53%. This makes it attractive for income-focused investors.

What is VNOM's return on equity?

Viper Energy, Inc. (VNOM) has a return on equity (ROE) of -1.0%. Negative ROE indicates the company is unprofitable.

What is Viper Energy, Inc.'s free cash flow?

Viper Energy, Inc. (VNOM) had negative free cash flow of $4.41B in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in VNOM back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →