Viper Energy, Inc. (VNOM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 496M | 422M | 393M | 287M | 245M | 228.52M | 209.41M | 216M | 205M | 204.58M | 293.05M | 160.61M | 168.56M | 203.43M | 221.41M | 239.16M | 201.77M | 165.65M | 127.87M | 113.94M |
| Revenue Growth % | 102.45% | 84.67% | 87.67% | 32.87% | 19.51% | 11.7% | -28.54% | 34.49% | 21.62% | 0.56% | 32.36% | -32.84% | -16.46% | 22.81% | 73.15% | 109.9% | 108.36% | 117.89% | 104.19% | 250.95% |
| Cost of Goods Sold | 241M | 263M | 209M | 145M | 84M | 80.75M | 69.64M | 64M | 61M | 57.39M | 48.57M | 46.69M | 43.87M | 42.06M | 46.1M | 48M | 41.28M | 37.89M | 33.99M | 32.13M |
| COGS % of Revenue | 48.59% | 62.32% | 53.18% | 50.52% | 34.29% | 35.34% | 33.26% | 29.63% | 29.76% | 28.06% | 16.57% | 29.07% | 26.03% | 20.68% | 20.82% | 20.07% | 20.46% | 22.87% | 26.58% | 28.2% |
| Gross Profit | 255M | 159M | 184M | 142M | 161M | 147.77M | 139.77M | 152M | 144M | 147.18M | 244.48M | 113.92M | 124.68M | 161.37M | 175.31M | 191.16M | 160.49M | 127.76M | 93.88M | 81.81M |
| Gross Margin % | 51.41% | 37.68% | 46.82% | 49.48% | 65.71% | 64.66% | 66.74% | 70.37% | 70.24% | 71.95% | 83.43% | 70.93% | 73.97% | 79.32% | 79.18% | 79.93% | 79.54% | 77.13% | 73.42% | 71.8% |
| Gross Profit Growth % | 58.39% | 7.6% | 31.65% | -6.58% | 11.81% | 0.4% | -42.83% | 33.42% | 15.49% | -8.79% | 39.46% | -40.4% | -22.31% | 26.31% | 86.73% | 133.66% | 145.77% | 202.82% | 186.27% | 1144.29% |
| Operating Expenses | 17M | 18M | 10M | 7M | 6M | 4.42M | 4.2M | 4M | 5M | 4.17M | 1.69M | 1.83M | 2.36M | 2.38M | 1.93M | 1.72M | 1.82M | 1.54M | 1.6M | 1.95M |
| OpEx % of Revenue | 3.43% | 4.27% | 2.54% | 2.44% | 2.45% | 1.93% | 2.01% | 1.85% | 2.44% | 2.04% | 0.58% | 1.14% | 1.4% | 1.17% | 0.87% | 0.72% | 0.9% | 0.93% | 1.25% | 1.71% |
| Selling, General & Admin | 13M | 12M | 10M | 1M | 6M | 4.54M | 4.62M | 4M | 5M | 3.95M | 1.88M | 2.01M | 2.76M | 2.57M | 2.14M | 1.88M | 1.95M | 1.68M | 1.74M | 2.16M |
| SG&A % of Revenue | 2.62% | 2.84% | 2.54% | 0.35% | 2.45% | 1.99% | 2.2% | 1.85% | 2.44% | 1.93% | 0.64% | 1.25% | 1.64% | 1.26% | 0.97% | 0.79% | 0.97% | 1.02% | 1.36% | 1.9% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 0 | 1000K | 0 | -121K | -416K | 0 | 0 | 221K | -193K | -179K | -402K | -194K | -211K | -163K | -132K | -141K | -132K | -208K |
| Operating Income | 238M | 141M | 174M | 135M | 155M | 143.35M | 135.57M | 148M | 139M | 143.01M | 242.79M | 112.09M | 122.32M | 158.99M | 173.38M | 189.44M | 158.67M | 126.22M | 92.28M | 79.86M |
| Operating Margin % | 47.98% | 33.41% | 44.27% | 47.04% | 63.27% | 62.73% | 64.74% | 68.52% | 67.8% | 69.91% | 82.85% | 69.79% | 72.57% | 78.16% | 78.31% | 79.21% | 78.64% | 76.2% | 72.16% | 70.09% |
| Operating Income Growth % | 53.55% | -1.64% | 28.35% | -8.78% | 11.51% | 0.24% | -44.16% | 32.03% | 13.64% | -10.05% | 40.04% | -40.83% | -22.91% | 25.97% | 87.89% | 137.22% | 150.98% | 539.49% | 194.8% | 1467.69% |
| EBITDA | 444M | 375M | 356M | 259M | 239M | 207.94M | 190.39M | 196M | 186M | 187.8M | 279.07M | 146.16M | 153.31M | 190.23M | 203.84M | 221.4M | 186.08M | 154.97M | 117.64M | 103.84M |
| EBITDA Margin % | 89.52% | 88.86% | 90.59% | 90.24% | 97.55% | 90.99% | 90.92% | 90.74% | 90.73% | 91.8% | 95.23% | 91% | 90.95% | 93.51% | 92.07% | 92.58% | 92.22% | 93.56% | 92% | 91.13% |
| EBITDA Growth % | 85.77% | 80.34% | 86.99% | 32.14% | 28.49% | 10.73% | -31.78% | 34.1% | 21.33% | -1.28% | 36.91% | -33.99% | -17.61% | 22.75% | 73.27% | 113.22% | 111.2% | 36823.46% | 109.77% | 272.49% |
| D&A (Non-Cash Add-back) | 206M | 234M | 182M | 124M | 84M | 64.59M | 54.82M | 48M | 47M | 44.79M | 36.28M | 34.06M | 30.99M | 31.24M | 30.46M | 31.96M | 27.41M | 28.76M | 25.37M | 23.98M |
| EBIT | 238M | 141M | -191M | 106M | 187M | 149.47M | 142.98M | 153M | 132M | 148.88M | 240.06M | 99.5M | 107.36M | 160.44M | 174.42M | 187.58M | 140.32M | 127.46M | 82.68M | 50.35M |
| Net Interest Income | -27M | -36M | -32M | -15M | -13M | -19.11M | -16.74M | -18M | -20M | -16.73M | -10.97M | -11.12M | -9.69M | -10.25M | -10.73M | -9.78M | -9.64M | -9.88M | -8.33M | -7.97M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 27M | 36M | 32M | 15M | 13M | 19.11M | 16.74M | 18M | 20M | 16.73M | 10.97M | 11.12M | 9.69M | 10.25M | 10.73M | 9.78M | 9.64M | 9.88M | 8.33M | 7.97M |
| Other Income/Expense | 5M | -408M | -397M | -44M | 19M | -12.99M | -9.33M | -13M | -27M | -10.86M | -13.7M | -23.71M | -24.65M | -8.81M | -9.69M | -11.64M | -28M | -8.64M | -17.93M | -37.48M |
| Pretax Income | 243M | -267M | -223M | 91M | 174M | 130.36M | 126.24M | 135M | 112M | 132.15M | 229.09M | 88.38M | 97.67M | 150.19M | 163.69M | 177.8M | 130.67M | 117.58M | 74.35M | 42.38M |
| Pretax Margin % | 48.99% | -63.27% | -56.74% | 31.71% | 71.02% | 57.05% | 60.28% | 62.5% | 54.63% | 64.6% | 78.18% | 55.03% | 57.95% | 73.83% | 73.93% | 74.34% | 64.76% | 70.98% | 58.14% | 37.19% |
| Income Tax | 28M | -21M | -26M | 7M | 21M | -142.44M | 17.19M | 12M | 13M | 6.22M | 21.88M | 8.45M | 9.41M | 4.94M | -46.41M | 6.18M | 2.63M | 580K | 906K | 0 |
| Effective Tax Rate % | 11.52% | 7.87% | 11.66% | 7.69% | 12.07% | -109.27% | 13.62% | 8.89% | 11.61% | 4.7% | 9.55% | 9.56% | 9.63% | 3.29% | -28.35% | 3.48% | 2.01% | 0.49% | 1.22% | 0% |
| Net Income | 97M | -103M | -77M | 37M | 75M | 210.07M | 48.92M | 57M | 43M | 56.97M | 78.6M | 30.55M | 33.97M | 21.71M | 79.34M | 34.02M | 16.61M | 39.47M | 16.83M | 4.66M |
| Net Margin % | 19.56% | -24.41% | -19.59% | 12.89% | 30.61% | 91.92% | 23.36% | 26.39% | 20.98% | 27.85% | 26.82% | 19.02% | 20.15% | 10.67% | 35.83% | 14.23% | 8.23% | 23.82% | 13.16% | 4.09% |
| Net Income Growth % | 29.33% | -149.03% | -257.41% | -35.09% | 74.42% | 268.72% | -37.76% | 86.58% | 26.59% | 162.47% | -0.93% | -10.21% | 104.56% | -45% | 371.36% | 629.77% | 649.83% | 242.89% | 2303.14% | 121.43% |
| Net Income (Continuing) | 215M | -246M | -197M | 84M | 153M | 272.8M | 109.05M | 123M | 99M | 125.93M | 207.21M | 79.93M | 88.27M | 145.24M | 210.1M | 171.62M | 128.04M | 117M | 73.44M | 42.38M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 5.25B | 5.92B | 6.32B | 5.19B | 2.65B | 2.22B | 1.93B | 1.78B | 1.78B | 1.84B | 1.71B | 1.62B | 1.63B | 1.63B | 1.57B | 1.54B | 1.47B | 1.42B | 1.27B | 1.25B |
| EPS (Diluted) | 0.53 | -0.61 | -0.52 | 0.28 | 0.62 | 2.04 | 0.52 | 0.62 | 0.49 | 0.70 | 1.11 | 0.42 | 0.47 | 0.29 | 1.06 | 0.44 | 0.22 | 0.50 | 0.26 | 0.07 |
| EPS Growth % | -14.52% | -129.9% | -200% | -54.84% | 26.53% | 191.43% | -53.15% | 47.62% | 4.26% | 141.38% | 4.72% | -4.55% | 113.64% | -42% | 307.69% | 528.57% | 540% | 221.95% | 2700% | 121.88% |
| EPS (Basic) | 0.54 | -0.61 | -0.52 | 0.28 | 0.62 | 2.04 | 0.52 | 0.62 | 0.49 | 0.70 | 1.11 | 0.42 | 0.47 | 0.29 | 1.06 | 0.44 | 0.22 | 0.50 | 0.26 | 0.07 |
| Diluted Shares Outstanding | 181.3M | 168.61M | 148.88M | 126.16M | 121.03M | 102.98M | 93.75M | 91.42M | 87.63M | 81.22M | 70.92M | 71.77M | 72.73M | 73.88M | 74.94M | 76.73M | 77.21M | 79.06M | 64.24M | 64.8M |
| Basic Shares Outstanding | 181.3M | 168.61M | 148.88M | 126.05M | 120.93M | 102.98M | 93.69M | 91.42M | 87.54M | 81.22M | 70.92M | 71.77M | 72.73M | 73.82M | 74.94M | 76.62M | 77.11M | 78.99M | 64.15M | 64.67M |
| Dividend Payout Ratio | 103.09% | - | - | 202.7% | 113.33% | 150.97% | 119.89% | 200% | 258.14% | 197.72% | 83.33% | 202.68% | 249.33% | 383.63% | 175.91% | 338.61% | 475.14% | 163.72% | 304.16% | 835.11% |