NASDAQ: VNOM
Viper Energy, Inc.CIK 0002074176 · SIC 1311 · Crude Petroleum & Natural Gas
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revenue $677.0M, net income $142.0M. Viper Energy raises production guidance, boosts dividend 32%, and reshapes portfolio with Permian-focused deals
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Viper Energy raises base dividend 32% to $2.00/share annually, reports Q2 results
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Viper Energy files routine shelf registration supplement, no offering announced
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Viper Energy expands credit facility to $2B, extends maturity to 2031, cuts interest rates
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Viper Energy stockholders approve 20% threshold for calling special meetings
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revenue $511.0M, net income $97.0M. Viper Energy reports 29.3% production growth, announces Riverbend acquisition
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Viper Energy reports Q1 2026 results, declares base and variable dividends
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Latest financial statements
From 10-Q filed Aug 5, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(In millions, except per share amounts, shares in thousands)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Operating income: | ||||
| Oil income | 582 | 241 | 1,010 | 442 |
| Natural gas income | 1 | 10 | 17 | 25 |
| Natural gas liquids income | 75 | 36 | 127 | 64 |
| Royalty income | 658 | 287 | 1,154 | 531 |
| Lease bonus income | 11 | 10 | 25 | 11 |
| Lease bonus income—related party | 4 | — | 5 | — |
| Other operating income | 4 | — | 4 | — |
| Total operating income | 677 | 297 | 1,188 | 542 |
| Costs and expenses: | ||||
| Production and ad valorem taxes | 43 | 21 | 78 | 38 |
| Depreciation, depletion, and amortization | 195 | 124 | 401 | 191 |
| General and administrative expenses | 5 | 4 | 13 | 6 |
| General and administrative expenses—related party | 6 | 3 | 11 | 7 |
| Other operating expenses | — | 10 | 4 | 10 |
| Total costs and expenses | 249 | 162 | 507 | 252 |
| Income (loss) from operations | 428 | 135 | 681 | 290 |
| Other income (expense): | ||||
| Interest expense, net | (24) | (15) | (51) | (28) |
| Gain (loss) on derivative instruments, net | — | (29) | 18 | 3 |
| Other income (expense), net | (1) | — | (2) | — |
| Total other income (expense), net | (25) | (44) | (35) | (25) |
| Income (loss) before income taxes | 403 | 91 | 646 | 265 |
| Provision for (benefit from) income taxes | 72 | 7 | 100 | 28 |
| Net income (loss) | 331 | 84 | 546 | 237 |
| Net income (loss) attributable to non-controlling interest | 189 | 47 | 307 | 125 |
| Net income (loss) attributable to Viper Energy, Inc. | 142 | 37 | 239 | 112 |
| Net income (loss) attributable to common shares: | ||||
| Basic | 0.73 | 0.28 | 1.27 | 0.89 |
| Diluted | 0.73 | 0.28 | 1.27 | 0.89 |
| Weighted average number of common shares outstanding: | ||||
| Basic | 193,733 | 131,107 | 187,553 | 126,045 |
| Diluted | 193,733 | 131,156 | 187,553 | 126,160 |
Condensed Consolidated Balance Sheets (Unaudited)
(In millions, except par values and share data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 77 | 13 |
| Royalty income receivable (net of allowance for credit losses) | 461 | 262 |
| Royalty income receivable—related party | 27 | 88 |
| Prepaid expenses and other current assets | 15 | 50 |
| Total current assets | 580 | 413 |
| Property: | ||
| Oil and natural gas properties: | ||
| Proved properties | 9,608 | 9,746 |
| Unproved properties | 4,545 | 4,910 |
| Other property, equipment and land | 8 | 8 |
| Accumulated depletion, depreciation, amortization and impairment | (2,856) | (2,455) |
| Property, net | 11,305 | 12,209 |
| Deferred income taxes (net of allowances) | 124 | 33 |
| Other assets | 46 | 16 |
| Total assets | 12,055 | 12,671 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accrued liabilities | 66 | 107 |
| Other current liabilities | 25 | 4 |
| Total current liabilities | 91 | 111 |
| Long-term debt, net | 1,678 | 2,186 |
| Other long-term liabilities | 4 | 11 |
| Total liabilities | 1,773 | 2,308 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Class A Common Stock, $0.000001 par value: 1,000,000,000 shares authorized; 191,382,620 shares issued and outstanding at June 30, 2026, and 170,942,687 shares issued and outstanding at December 31, 2025 | — | — |
| Class B Common Stock, $0.000001 par value: 1,000,000,000 shares authorized; 164,789,844 shares issued and outstanding at June 30, 2026, and 187,023,698 shares issued and outstanding at December 31, 2025 | — | — |
| Additional paid-in capital | 5,308 | 4,726 |
| Retained earnings (accumulated deficit) | (273) | (278) |
| Total Viper Energy, Inc. stockholders’ equity | 5,035 | 4,448 |
| Non-controlling interest | 5,247 | 5,915 |
| Total equity | 10,282 | 10,363 |
| Total liabilities and stockholders’ equity | 12,055 | 12,671 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | 546 | 237 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Provision for (benefit from) deferred income taxes | (5) | (6) |
| Depreciation, depletion, and amortization | 401 | 191 |
| (Gain) loss on derivative instruments, net | (18) | (3) |
| Net cash receipts (payments) on derivatives | 36 | 12 |
| Other | 6 | 4 |
| Changes in operating assets and liabilities: | ||
| Royalty income receivable | (199) | (54) |
| Royalty income receivable—related party | 61 | (8) |
| Accrued liabilities | (41) | (7) |
| Other | 28 | 7 |
| Net cash provided by (used in) operating activities | 815 | 373 |
| Cash flows from investing activities: | ||
| Acquisitions of oil and natural gas properties | (121) | (279) |
| Acquisitions of oil and natural gas properties—related party | (12) | (981) |
| Proceeds from sale of oil and natural gas properties | 611 | — |
| Net cash provided by (used in) investing activities | 478 | (1,260) |
| Cash flows from financing activities: | ||
| Proceeds from debt | 520 | 740 |
| Repayments of debt | (1,030) | (726) |
| Net proceeds from public offering | — | 1,232 |
| Repurchases of shares of Class A Common Stock as part of the repurchase program | (182) | (10) |
| Repurchases of OpCo Units as part of the repurchase program | (46) | — |
| Dividends to stockholders | (233) | (160) |
| Dividends to Diamondback | (215) | (168) |
| Dividends to other non-controlling interest | (45) | (17) |
| Other | 2 | (3) |
| Net cash provided by (used in) financing activities | (1,229) | 888 |
| Net increase (decrease) in cash and cash equivalents | 64 | 1 |
| Cash and cash equivalents at beginning of period | 13 | 27 |
| Cash and cash equivalents at end of period | 77 | 28 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | (53) | (35) |
| Cash paid for income taxes, net of refunds: | ||
| Federal | (84) | (24) |
| State | 1 | — |
| Supplemental disclosure of non-cash transactions: | ||
| OpCo Units issued for acquisitions | — | (119) |
| OpCo Units issued to related party | — | (3,618) |
Amounts as printed on the EDGAR/iXBRL face — (In millions, except per share amounts, shares in thousands); (In millions, except par values and share data); (In millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗