Viper Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,131	817.2	790.81	865.77	504.3	249.57
Revenue Growth (YoY)	42.38%	3.34%	-8.66%	71.68%	102.07%	-16.23%
Cost of Revenue	25	-	-	56.37	32.56	19.84
Gross Profit	1,106	817.2	790.81	809.4	471.74	229.72
Selling, General & Admin	27.64	18.64	10.6	8.54	7.8	8.17
Other Operating Expenses	-3.64	6.36	39.67	17.44	68.79	62.53
Operating Expenses	461.42	239.42	196.39	147.05	179.58	171.2
Operating Income	644.78	577.78	594.43	662.34	292.16	58.53
Interest Expense	-80.37	-74.37	-48.22	-37.54	-31.38	-33
Interest & Investment Income	2.05	2.05	1.67	0.43	0	-
Other Non Operating Income (Expenses)	-2.53	-1.53	-0.58	-2.88	-2.58	1.29
EBT Excluding Unusual Items	563.94	503.94	547.29	622.35	258.2	26.81
Gain (Loss) on Sale of Investments	-	-	-	-	-	-8.56
Asset Writedown	-360	-	-	-	-	-69.2
Pretax Income	171.94	503.94	547.29	622.35	258.2	-50.95
Income Tax Expense	-140.71	-99.71	45.95	-32.65	1.52	142.47
Earnings From Continuing Operations	312.65	603.65	501.34	655	256.68	-193.41
Minority Interest in Earnings	-67.4	-244.4	-301.25	-503.33	-198.74	1.11
Net Income	245.25	359.25	200.09	151.67	57.94	-192.3
Preferred Dividends & Other Adjustments	1	-	-	-	0.19	0.04
Net Income to Common	244.25	359.25	200.09	151.67	57.75	-192.35
Net Income Growth	19.07%	79.54%	31.92%	161.78%	-	-
Shares Outstanding (Basic)	126	94	74	76	68	68
Shares Outstanding (Diluted)	126	94	74	76	68	68
Shares Change (YoY)	42.37%	26.63%	-1.99%	10.66%	1.04%	9.55%
EPS (Basic)	1.94	3.82	2.70	2.01	0.85	-2.84
EPS (Diluted)	1.93	3.82	2.69	2.00	0.85	-2.84
EPS Growth	-17.07%	42.01%	34.50%	136.62%	-	-
Free Cash Flow	-1,971	-76.63	-270.17	635.67	25.94	130.88
Free Cash Flow Per Share	-15.63	-0.82	-3.64	8.40	0.38	1.93
Dividend Per Share	2.330	2.490	0.560	2.460	1.430	0.370
Dividend Growth	104.39%	344.64%	-77.24%	72.03%	286.49%	-78.98%
Gross Margin	97.79%	100.00%	100.00%	93.49%	93.54%	92.05%
Operating Margin	57.00%	70.70%	75.17%	76.50%	57.94%	23.45%
Profit Margin	21.59%	43.96%	25.30%	17.52%	11.45%	-77.07%
Free Cash Flow Margin	-174.21%	-9.38%	-34.16%	73.42%	5.14%	52.44%
EBITDA	1,082	792.2	740.54	783.42	395.15	159.03
EBITDA Margin	95.67%	96.94%	93.64%	90.49%	78.36%	63.72%
D&A For EBITDA	437.41	214.41	146.12	121.07	102.99	100.5
EBIT	644.78	577.78	594.43	662.34	292.16	58.53
EBIT Margin	57.00%	70.70%	75.17%	76.50%	57.94%	23.45%
Effective Tax Rate	-	-	8.40%	-	0.59%	-
Revenue as Reported	1,188	860.39	827.7	866.47	504.92	250.63

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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