Viper Energy, Inc. (VNOM)

Viper Energy, Inc. owns, acquires, and exploits oil and natural gas properties in North America. It focuses on owning and acquiring mineral and royalty interests in the Permian Basin. Viper Energy, Inc. was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc. in November 2023. Viper Energy, Inc. was founded in 2013 and is based in Midland, Texas. Viper Energy, Inc. operates as a subsidiary of Diamondback Energy, Inc.

Symbol
VNOM
Exchange
Nasdaq
Sector
Energy
Industry
Oil & Gas Midstream
Market cap
$7.90B
52 week range
35.1 - 51.13

Valuation

Share price
$40.93 (close of 2026-09-23)
P/E (TTM)
-370.64x
Price to book
0.77x
Price to free cash flow
5.28x
Enterprise value
$9.50B
Book value per share
$53.07

Price performance

PeriodChange
1 day-1.89%
5 days-10.94%
1 month-9.59%
3 months-6.30%
6 months-13.54%
Year to date+5.95%
1 year+6.34%
3 years+48.14%
5 years+95.74%
10 years+154.70%
All time+26.52%

Profitability and growth

Return on equity
-0.66%
Return on invested capital
-0.97%
Return on assets
-0.54%
Return on capital employed
-1.11%
Net margin
-5.05%
EBITDA margin
-10.40%
Revenue growth
57.61%
Net income growth
-118.94%
Free cash flow growth
69.84%

Cash flow and balance sheet

Free cash flow yield (TTM)
18.93%
Current ratio
6.37x
Net debt to EBITDA
1.46x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$1.35B
EBITDA
$-140.00M
Net income
$-68.00M
Earnings per share
$-0.48
Shares outstanding
142.53M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$1.35B-$-68.00M$-0.48
2024-12-31$854.00M$567.00M$359.00M$3.82
2023-12-31$717.00M$620.00M$200.00M$2.69

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-31--5.05%-0.66%-0.97%
2024-12-3166.39%42.04%9.19%11.42%
2023-12-3186.47%27.89%7.00%14.57%

Cash and debt by year

Period endCashDebt
2025-12-31$13.00M$2.19B
2024-12-31$27.00M$1.08B

Free cash flow by year

Period endFree cash flow
2025-12-31$1.05B
2024-12-31$620.00M
2023-12-31$638.00M

Dividend history

Most recent payment
2026-08-13
Paid in the last twelve months
$2.45
Payment dateDividend per share
2026-08-13$0.67
2026-05-14$0.68
2026-03-05$0.52
2025-11-13$0.58
2025-08-14$0.53
2025-05-15$0.57
2025-03-06$0.65
2024-11-14$0.61

Investor relations

Next earnings report

Next confirmed report
2026-11-02
Consensus EPS estimate
$0.54

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-03Jun/2026$0.73
2026-05-04--
2026-02-23--
2025-11-03--
2025-08-04--
2025-05-05--
2025-02-24--
2024-11-04--

Filings and sources

Company website
viperenergy.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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