Viper Energy Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,661	1,395	861	828	866.47	504.92
Revenue Growth (YoY)	84.35%	62.02%	3.99%	-4.44%	71.61%	101.46%
Cost of Revenue	112	94	61	50	56.37	32.56
Gross Profit	1,549	1,301	800	778	810.1	472.36
Selling, General & Admin	42	35	19	11	8.54	7.8
Depreciation & Amortization Expenses	746	607	214	146	121.07	102.99
Other Operating Expenses	797	799	-	1	-	-
Total Operating Expenses	1,585	1,441	233	158	129.61	110.79
Operating Income	-42	-140	567	620	680.48	361.57
Interest Expense	-110	-96	-74	-47	-39.99	-34.04
Other Non-Operating Income (Expense)	-4	11	11	-26	-18.14	-69.33
Total Non-Operating Income (Expense)	-114	-85	-63	-73	-58.13	-103.37
Pretax Income	-156	-225	504	547	622.35	258.2
Provision for Income Taxes	-12	-19	-100	46	-32.65	1.52
Net Income	-46	-68	359	200	151.67	57.94
Minority Interest in Earnings	-98	-138	245	301	503.33	198.74
Net Income to Common	-46	-68	359	200	151.67	57.94
Net Income Growth	-	-	79.50%	31.86%	161.78%	-
Shares Outstanding (Basic)	157	143	94	74	14	17
Shares Outstanding (Diluted)	158	143	94	74	14	17
Shares Change (YoY)	54.00%	51.74%	26.63%	440.52%	-18.90%	-
EPS (Basic)	-0.31	-0.48	3.82	2.69	1.10	0.85
EPS (Diluted)	-0.32	-0.48	3.82	2.69	1.10	0.85
EPS Growth	-	-	42.01%	144.54%	29.41%	-
Shares Outstanding	194.31	170.94	102.98	86.14	73.23	78.55
Free Cash Flow	-787	-1,371	-76	-267	635.67	25.94
Free Cash Flow Growth	-	-	-	-	2350.71%	-80.18%
Free Cash Flow Per Share	-5.00	-9.62	-0.81	-3.60	46.32	1.53
Dividends Per Share	2.310	2.200	2.490	0.560	2.460	1.430
Dividend Growth	5.00%	-11.65%	344.64%	-77.24%	72.03%	286.49%
Gross Margin	93.26%	93.26%	92.92%	93.96%	93.49%	93.55%
Operating Margin	-2.53%	-10.04%	65.85%	74.88%	78.54%	71.61%
Profit Margin	-8.67%	-14.77%	70.15%	60.51%	75.59%	50.84%
FCF Margin	-47.38%	-98.28%	-8.83%	-32.25%	73.36%	5.14%
EBITDA	704	467	781	766	801.55	464.56
EBITDA Margin	42.38%	33.48%	90.71%	92.51%	92.51%	92.01%
EBIT	-42	-140	567	620	680.48	361.57
EBIT Margin	-2.53%	-10.04%	65.85%	74.88%	78.54%	71.61%
Effective Tax Rate	7.69%	8.44%	-19.84%	8.41%	-5.25%	0.59%

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q