Friday 6 November 2026 Export VNOM’s income statement to Excel — free account

Viper Energy Inc.

Viper Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 62.0% from fiscal 2024.

Revenue: +58.1%
EPS: +397.4%
Free cash flow: +57.3%
Total debt: −8.66%

Quarter to September 2026, against a year earlier

39.93 1.13 −2.75%

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Market cap: $14.4B
P/E: 18.1×
Fwd P/E: 16.7×
Dividend yield: 6.14%
F-score: 2/9
Altman Z: 1.50
Beneish M: −2.52
Dividend safety: 10/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Viper Energy Inc. (VNOM) revenue by segment, product and region

Revenue by product or service $m

Line	FY2025	FY2024	FY2023
Oil income	1,131 84.03%	750 87.82%	619 86.33%
Natural gas liquids income	159 11.81%	89 10.42%	67 9.34%
Natural gas income	56 4.16%	15 1.76%	31 4.32%
Revenue	1,346	854	717

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average combined sales price	Q3 FY2026	$50.52	$39.24	+28.75%
Average daily combined volumes	Q3 FY2026	141.2K	108.9K	+29.66%
Average daily oil volumes	Q3 FY2026	69.1K	56.1K	+23.16%
Average hedged combined price	Q3 FY2026	$49.51	$40.04	+23.65%
Average hedged realized price of natural gas	Q3 FY2026	$0.66	$1.77	−62.71%
Average hedged realized price of natural gas liquids	Q3 FY2026	$24.02	—	—
Average hedged realized price of oil	Q3 FY2026	$86.55	$63.76	+35.74%
Average lateral length	Q1 FY2026	11.6K	—	—
Average sales price of natural gas	Q3 FY2026	$0.96	$1.02	−5.88%
Average sales price of natural gas liquids	Q3 FY2026	$24.02	$19.07	+25.96%
Average sales price of oil	Q3 FY2026	$87.65	$64.34	+36.23%
Combined volumes	Q3 FY2026	13.0M	10.0M	+29.67%
Horizontal wells turned to production: average percent net royalty interest	Q3 FY2026	2.80%	2.10%	—
Horizontal wells turned to production: gross wells	Q3 FY2026	689.00	739.00	−6.77%
Horizontal wells turned to production: net 100% royalty interest wells	Q3 FY2026	19.00	15.20	+25.00%
Natural gas	Q3 FY2026	19.8B	14.7B	+35.10%
Natural gas liquids	Q3 FY2026	3.3M	2.4M	+38.10%
Net royalty acres	Q3 FY2026	98.1K	95.8K	+2.35%
Oil	Q3 FY2026	6.4M	5.2M	+23.16%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025
Average combined sales price	‡	‡	‡	‡	‡
Average daily combined volumes	‡	‡	‡	‡	‡
Average daily oil volumes	‡	‡	‡	‡	‡
Average hedged combined price	‡	‡	‡	‡	‡
Average hedged realized price of natural gas	‡	‡	‡	‡	‡
Average hedged realized price of natural gas liquids	‡	‡	‡	‡	‡
Average hedged realized price of oil	‡	‡	‡	‡	‡
Average lateral length	‡	‡	‡	‡	‡
Average sales price of natural gas	‡	‡	‡	‡	‡
Average sales price of natural gas liquids	‡	‡	‡	‡	‡
Average sales price of oil	‡	‡	‡	‡	‡
Combined volumes	‡	‡	‡	‡	‡
Horizontal wells turned to production: average percent net royalty interest	‡	‡	‡	‡	‡
Horizontal wells turned to production: gross wells	‡	‡	‡	‡	‡
Horizontal wells turned to production: net 100% royalty interest wells	‡	‡	‡	‡	‡
Natural gas	‡	‡	‡	‡	‡
Natural gas liquids	‡	‡	‡	‡	‡
Net royalty acres	‡	‡	‡	‡	‡
Oil	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.

Viper Energy Inc. (VNOM) revenue by segment, product and region

Revenue by product or service $m

Operating figures as reported in each quarter’s results release or filing

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