# Viper Energy, Inc.: overview

VNOM · Nasdaq · CIK 2074176 · [Energy](/sectors/energy.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/vnom.md) · [Financials](/companies/vnom/financials.md) · [Filings](/companies/vnom/filings.md) · [Insiders](/companies/vnom/insiders.md)

Latest reported revenue: [$658.0m](/filings/0002074176-26-000053.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0002074176-26-000053).

## Last eight quarters

| Line item | Unit | period not labelled (2024-09-30) | period not labelled (2024-12-31) | period not labelled (2025-03-31) | period not labelled (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [209](/filings/0002074176-25-000053.md) | [225 d](/filings/0002074176-26-000010.md) | [244](/filings/0002074176-26-000030.md) | [287](/filings/0002074176-26-000053.md) | [393](/filings/0002074176-25-000053.md) | [422 d](/filings/0002074176-26-000010.md) | [496](/filings/0002074176-26-000030.md) | [658](/filings/0002074176-26-000053.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [65.1%](/filings/0002074176-25-000053.md) | [64.0% d](/filings/0002074176-26-000010.md) | [63.5%](/filings/0002074176-26-000030.md) | [47.0%](/filings/0002074176-26-000053.md) | [(44.8%)](/filings/0002074176-25-000053.md) | [(60.2%) d](/filings/0002074176-26-000010.md) | [51.0%](/filings/0002074176-26-000030.md) | [65.0%](/filings/0002074176-26-000053.md) |
| Net margin | % | [23.4%](/filings/0002074176-25-000053.md) | [93.3% d](/filings/0002074176-26-000010.md) | [30.7%](/filings/0002074176-26-000030.md) | [12.9%](/filings/0002074176-26-000053.md) | [(19.6%)](/filings/0002074176-25-000053.md) | [(24.4%) d](/filings/0002074176-26-000010.md) | [19.6%](/filings/0002074176-26-000030.md) | [21.6%](/filings/0002074176-26-000053.md) |
| Diluted EPS | $ per share | [0.52](/filings/0002074176-25-000053.md) | not reported | [0.62](/filings/0002074176-26-000030.md) | [0.28](/filings/0002074176-26-000053.md) | [(0.52)](/filings/0002074176-25-000053.md) | not reported | [0.53](/filings/0002074176-26-000030.md) | [0.73](/filings/0002074176-26-000053.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY (2023-12-31) | FY (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: |
| Revenue | $m | [717](/filings/0002074176-26-000010.md) | [854](/filings/0002074176-26-000010.md) | [1,346](/filings/0002074176-26-000010.md) |
| Gross margin | % | not reported | not reported | not reported |
| Operating margin | % | [86.5%](/filings/0002074176-26-000010.md) | [66.4%](/filings/0002074176-26-000010.md) | [(10.4%)](/filings/0002074176-26-000010.md) |
| Net margin | % | [27.9%](/filings/0002074176-26-000010.md) | [42.0%](/filings/0002074176-26-000010.md) | [(5.1%)](/filings/0002074176-26-000010.md) |
| Diluted EPS | $ per share | [2.69](/filings/0002074176-26-000010.md) | [3.82](/filings/0002074176-26-000010.md) | [(0.48)](/filings/0002074176-26-000010.md) |
| Free cash flow | $m | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/vnom/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $1.12bn | 26,471,437 |  | Added +2,453,944 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $815.1m | 19,225,221 |  | Added +1,756,615 |
| [Kimmeridge Energy Management Company, LLC](/funds/1706220.md) | 2026-06-30 | $664.9m | 15,680,938 |  | New +15,680,938 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $384.5m | 9,067,394 |  | Reduced −305,836 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $368.7m | 8,696,506 |  | Reduced −2,914,858 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $357.3m | 8,427,152 |  | Reduced −185,318 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $320.7m | 7,563,443 |  | Added +304,444 |
| [FIL Ltd](/funds/318989.md) | 2026-06-30 | $239.4m | 5,646,200 |  | Reduced −28,052 |
| [D. E. Shaw & Co., Inc.](/funds/1009207.md) | 2026-06-30 | $231.8m | 5,466,523 |  | Added +216,448 |
| [ADAGE CAPITAL PARTNERS GP, L.L.C.](/funds/1165408.md) | 2026-06-30 | $230.1m | 5,426,609 |  | Added +421,919 |

## Recent filings

[All 85 filings](/companies/vnom/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-16 | 20:05 ET | [8-K](/filings/0001104659-26-108245.md) | 5.02 Departure or appointment of officers or directors | 0001104659-26-108245 |
| 2026-09-08 | 20:01 ET | [8-K](/filings/0001104659-26-105890.md) | 3.02 Unregistered sale of equity | 0001104659-26-105890 |
| 2026-08-05 | 20:02 ET | [10-Q](/filings/0002074176-26-000053.md) | Quarterly report, period 2026-06-30 | 0002074176-26-000053 |
| 2026-08-03 | 20:04 ET | [8-K](/filings/0002074176-26-000050.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0002074176-26-000050 |
| 2026-07-02 | 20:59 ET | [8-K](/filings/0001104659-26-080406.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-080406 |
| 2026-06-15 | 20:19 ET | [8-K](/filings/0001104659-26-074042.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001104659-26-074042 |
| 2026-05-19 | 20:06 ET | [8-K](/filings/0002074176-26-000033.md) | 5.03 Amendment to articles or bylaws; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0002074176-26-000033 |
| 2026-05-06 | 20:06 ET | [10-Q](/filings/0002074176-26-000030.md) | Quarterly report, period 2026-03-31 | 0002074176-26-000030 |
| 2026-05-04 | 20:04 ET | [8-K](/filings/0002074176-26-000025.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0002074176-26-000025 |
| 2026-04-08 | 12:31 ET | [DEF 14A](/filings/0001193125-26-146417.md) | Proxy statement, period 2026-05-19 | 0001193125-26-146417 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0002074176-26-000010.md), filed Feb 25, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/9ae044b0-d99b-408c-9013-0d05db6d995c)

## About the filer

- CIK: 2074176
- Tickers: VNOM
- Exchange: Nasdaq
- SIC code: 1311 Crude Petroleum & Natural Gas
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:50 ET. No prices; not investment advice.