Viper Energy Inc (VNOM) financial statements: income statement, balance sheet and cash flow
Viper Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Viper Energy Inc reported net income of ($206.0M) (-134.1% year on year).
Income statement
Viper Energy Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Royalty income
$1.3B
$853.6M
$717.1M
$838.0M
Lease bonus income
$48.0M
$6.2M
$109.7M
$27.8M
Other operating income
$1.0M
$640.0K
$909.0K
$700.0K
Total operating income
$1.4B
$860.4M
$827.7M
$866.5M
Production and ad valorem taxes
$94.0M
$60.9M
$50.4M
$56.4M
Depletion
$607.0M
$214.4M
$146.1M
$121.1M
Impairment
$768.0M
—
—
$0
General and administrative expenses
$35.0M
$18.6M
$10.6M
$8.5M
Other operating expenses
$31.0M
$55.0K
—
—
Total costs and expenses
$1.5B
$294.0M
$207.5M
$186.0M
Income (loss) from operations
($140.0M)
$566.4M
$620.2M
$680.5M
Interest expense, net
($96.0M)
($73.8M)
($48.9M)
($40.4M)
Gain (loss) on derivative instruments, net
$44.0M
$11.4M
($25.8M)
($18.1M)
Gain (loss) on early extinguishment of debt
($32.0M)
—
—
—
Other income (expense), net
($1.0M)
$0
$1.8M
$416.0K
Total other income (expense), net
($85.0M)
($62.5M)
($72.9M)
($58.1M)
Income (loss) before income taxes
($225.0M)
$503.9M
$547.3M
$622.4M
Provision for (benefit from) income taxes
($19.0M)
($99.7M)
$46.0M
($32.7M)
Net income (loss)
($206.0M)
$603.6M
$501.3M
$655.0M
Net income (loss) attributable to non-controlling interest
($138.0M)
$244.4M
$301.3M
$503.3M
Net income (loss) attributable to Viper Energy, Inc.
($68.0M)
$359.2M
$200.1M
$151.7M
Basic (dollars per shares)
-$0.48
$3.82
$2.69
$2.00
Diluted (dollars per shares)
-$0.48
$3.82
$2.69
$2.00
Basic (in shares)
142.5M
93.9M
74.2M
75.6M
Diluted (in shares)
142.5M
93.9M
74.2M
75.7M
Viper Energy Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Royalty income
$658.0M
$496.0M
$393.0M
$287.0M
Lease bonus income
$15.0M
$15.0M
$25.0M
$10.0M
Other operating income
$4.0M
—
$0
—
Total operating income
$677.0M
$511.0M
$418.0M
$297.0M
Production and ad valorem taxes
$43.0M
$35.0M
$27.0M
$21.0M
Depreciation, depletion, and amortization
$195.0M
—
—
—
General and administrative expenses
$11.0M
$13.0M
$10.0M
$7.0M
Other operating expenses
$0
$4.0M
—
—
Total costs and expenses
$249.0M
$258.0M
$594.0M
$162.0M
Income (loss) from operations
$428.0M
$253.0M
($176.0M)
$135.0M
Interest expense, net
($24.0M)
($27.0M)
($32.0M)
($15.0M)
Gain (loss) on derivative instruments, net
$0
$18.0M
$18.0M
($29.0M)
Other income (expense), net
($1.0M)
—
($1.0M)
—
Total other income (expense), net
($25.0M)
($10.0M)
($47.0M)
($44.0M)
Income (loss) before income taxes
$403.0M
$243.0M
($223.0M)
$91.0M
Provision for (benefit from) income taxes
$72.0M
$28.0M
($26.0M)
$7.0M
Net income (loss)
$331.0M
$215.0M
($197.0M)
$84.0M
Net income (loss) attributable to non-controlling interest
$189.0M
$118.0M
($120.0M)
$47.0M
Net income (loss) attributable to Viper Energy, Inc.
$142.0M
$97.0M
($77.0M)
$37.0M
Basic (in usd per share)
$0.73
$0.54
-$0.52
$0.28
Diluted (in usd per share)
$0.73
$0.53
-$0.52
$0.28
Basic (in shares)
193.7M
181.3M
148.9M
131.1M
Diluted (in shares)
193.7M
181.4M
148.9M
131.2M
Balance sheet
Viper Energy Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$13.0M
$26.9M
$25.9M
$18.2M
Royalty income receivable
$350.0M
$180.2M
$112.0M
$81.7M
Prepaid expenses and other current assets
$50.0M
$11.1M
$4.5M
—
Total current assets
$413.0M
$238.0M
$143.5M
$118.6M
Proved properties
$9.7B
—
—
—
Unproved properties
$4.9B
—
—
—
Other property, equipment and land
$8.0M
—
—
—
Accumulated depletion and impairment
($2.5B)
($1.1B)
($866.4M)
($720.2M)
Property, net
$12.2B
$4.6B
$3.8B
$2.8B
Deferred income taxes (net of allowances)
$33.0M
$185.2M
$56.7M
$49.7M
Other assets
$16.0M
$8.2M
$5.5M
$1.4M
Total assets
$12.7B
$5.1B
$4.0B
$2.9B
Accrued liabilities
$107.0M
$42.3M
$27.0M
$19.6M
Other current liabilities
$4.0M
—
—
—
Total current liabilities
$111.0M
$48.7M
$33.3M
$21.9M
Long-term debt, net
$2.2B
$1.1B
$1.1B
$576.9M
Other long-term liabilities
$11.0M
$30.1M
—
—
Total liabilities
$2.3B
$1.2B
$1.1B
$598.8M
Common Stock
$0
$0
$0
—
Additional paid-in capital
$4.7B
$1.6B
$1.0B
—
Retained earnings (accumulated deficit)
($278.0M)
$118.4M
($16.8M)
—
Total Viper Energy, Inc. stockholders’ equity
$4.4B
$1.7B
$1.0B
—
Non-controlling interest
$5.9B
$2.2B
$1.8B
$1.6B
Total equity
$10.4B
$3.9B
$2.9B
$2.3B
Total liabilities and stockholders’ equity
$12.7B
$5.1B
$4.0B
$2.9B
Viper Energy Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$77.0M
$28.0M
$53.0M
$28.0M
Royalty income receivable
$488.0M
$400.0M
$384.0M
$392.0M
Prepaid expenses and other current assets
$15.0M
$41.0M
$36.0M
$6.0M
Total current assets
$580.0M
$469.0M
$887.0M
$443.0M
Proved properties
$9.6B
$9.5B
—
—
Unproved properties
$4.5B
$4.6B
—
—
Other property, equipment and land
$8.0M
$8.0M
$8.0M
—
Accumulated depletion, depreciation, amortization and impairment
($2.9B)
—
—
—
Property, net
$11.3B
$11.4B
$12.8B
$9.3B
Deferred income taxes (net of allowances)
$124.0M
$142.0M
$0
$42.0M
Other assets
$46.0M
$15.0M
$18.0M
$9.0M
Total assets
$12.1B
$12.0B
$13.7B
$9.8B
Accrued liabilities
$66.0M
$36.0M
$91.0M
$66.0M
Other current liabilities
$25.0M
$40.0M
—
—
Total current liabilities
$91.0M
$76.0M
$472.0M
$72.0M
Long-term debt, net
$1.7B
$1.6B
$2.2B
$1.1B
Other long-term liabilities
$4.0M
$4.0M
$5.0M
$0
Total liabilities
$1.8B
$1.7B
$2.7B
$1.2B
Common stock
$0
$0
$0
$0
Additional paid-in capital
$5.3B
$5.4B
$4.7B
$3.4B
Retained earnings (accumulated deficit)
($273.0M)
($281.0M)
($76.0M)
$70.0M
Total Viper Energy, Inc. stockholders’ equity
$5.0B
$5.1B
$4.6B
$3.4B
Non-controlling interest
$5.2B
$5.3B
$6.3B
$5.2B
Total equity
$10.3B
$10.4B
$10.9B
$8.6B
Total liabilities and stockholders’ equity
$12.1B
$12.0B
$13.7B
$9.8B
Cash flow statement
Viper Energy Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
($206.0M)
$603.6M
$501.3M
$655.0M
Provision for (benefit from) deferred income taxes
($83.0M)
($149.1M)
($7.0M)
($49.7M)
Depletion
$607.0M
$214.4M
$146.1M
$121.1M
Impairment
$768.0M
—
—
$0
(Gain) loss on derivative instruments, net
($44.0M)
($11.4M)
$25.8M
$18.1M
Net cash receipts (payments) on derivatives
$30.0M
($3.0M)
($13.3M)
($31.3M)
(Gain) loss on extinguishment of debt
$32.0M
—
—
—
Other
$13.0M
$6.2M
$3.4M
$5.1M
Royalty income receivable
($25.0M)
($13.2M)
($27.4M)
($13.1M)
Royalty income receivable—related party
($34.0M)
($27.6M)
$2.9M
($4.1M)
Accounts payable and accrued liabilities
($19.0M)
$7.0M
$6.3M
$151.0K
Accounts payable—related party
($2.0M)
$651.0K
$1.0M
$306.0K
Other
$16.0M
($8.1M)
($2.1M)
($1.8M)
Net cash provided by (used in) operating activities
$1.1B
$619.6M
$638.2M
$699.8M
Acquisitions of oil and natural gas interests
($2.4B)
($696.2M)
($905.2M)
($62.9M)
Proceeds from sale of oil and natural gas interests
$0
$87.7M
($3.2M)
$111.7M
Net cash provided by (used in) investing activities
($2.4B)
($608.6M)
($908.4M)
$47.6M
Proceeds from debt
$3.3B
—
—
—
Repayments of debt
($2.2B)
—
—
—
Net proceeds from public offering
$1.2B
$475.9M
—
—
Proceeds from public offering to Diamondback
$0
$0
$200.0M
—
Repurchases of shares of Class A Common Stock/OpCo Units as part of the repurchase program
-194.0M
0
—
-150.6M
Dividends to stockholders
($328.0M)
($219.5M)
($128.8M)
($182.8M)
Dividends to Diamondback
($361.0M)
($254.2M)
($196.0M)
($234.1M)
Dividends to other non-controlling interest
($56.0M)
($7.4M)
—
—
Other
($23.0M)
($2.9M)
($13.2M)
($1.2M)
Net cash provided by (used in) financing activities
$1.4B
($10.1M)
$277.9M
($768.6M)
Net increase (decrease) in cash and cash equivalents
($14.0M)
$982.0K
$7.7M
($21.3M)
Cash and cash equivalents at beginning of period
$27.0M
—
—
—
Cash and cash equivalents at end of period
$13.0M
—
—
—
Interest paid
($70.0M)
($73.9M)
($40.2M)
$36.9M
Federal
($47.0M)
—
—
—
State
($2.0M)
—
—
—
Class A Common Stock issued for acquisition
($1.4B)
$0
($254.6M)
$0
OpCo Units issued
($1.4B)
$468.3M
—
—
Viper Energy Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
$546.0M
$215.0M
$40.0M
$237.0M
Provision for (benefit from) deferred income taxes
($5.0M)
($13.0M)
($42.0M)
($6.0M)
Depreciation, depletion, and amortization
$401.0M
—
—
—
(Gain) loss on derivative instruments, net
($18.0M)
($18.0M)
($21.0M)
($3.0M)
Net cash receipts (payments) on derivatives
$36.0M
$20.0M
$23.0M
$12.0M
Other
$6.0M
$2.0M
$10.0M
$4.0M
Royalty income receivable
($199.0M)
($121.0M)
($40.0M)
($54.0M)
Royalty income receivable—related party
$61.0M
$71.0M
($33.0M)
($8.0M)
Accrued liabilities
($41.0M)
—
—
—
Other
$28.0M
$37.0M
($5.0M)
$7.0M
Net cash provided by (used in) operating activities
$815.0M
$328.0M
$654.0M
$373.0M
Acquisitions of oil and natural gas properties
($133.0M)
($30.0M)
($2.4B)
($1.3B)
Proceeds from sale of oil and natural gas properties
$611.0M
$611.0M
$0
$0
Net cash provided by (used in) investing activities
$478.0M
$581.0M
($2.4B)
($1.3B)
Proceeds from debt
$520.0M
$175.0M
—
—
Repayments of debt
($1.0B)
($760.0M)
—
—
Net proceeds from public offering
$0
$0
$1.2B
$1.2B
Repurchases of shares of Class A Common Stock/OpCo Units as part of the repurchase program
-228.0M
-96.0M
-100.0M
-10.0M
Dividends to stockholders
($233.0M)
($100.0M)
($229.0M)
($160.0M)
Dividends to Diamondback
($215.0M)
($93.0M)
($258.0M)
($168.0M)
Dividends to other non-controlling interest
($45.0M)
($20.0M)
($25.0M)
($17.0M)
Other
$2.0M
—
($23.0M)
($3.0M)
Net cash provided by (used in) financing activities
($1.2B)
($894.0M)
$2.1B
$888.0M
Net increase (decrease) in cash and cash equivalents