GoAI
Get started
Viper Energy, Inc. logo

Viper Energy, Inc.

VNOM

NASDAQEnergyOil & Gas Midstream

Open in GoAI

Previous close

$45.27

+$0.24 · +0.53%

Aug 21, 4:00 PM ET

VNOM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

10

Overpriced

Momentum

38

Weakening

Sentiment

62

Bullish

Risk resilience

77

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Viper Energy Partners LP is an entity dedicated to the ownership, acquisition, and development of oil and natural gas assets across North America. By the end of 2021, the company had established mineral interests encompassing 27,027 net royalty acres, primarily located within the prolific Permian Basin and Eagle Ford Shale formations. At that time, its proven hydrocarbon reserves were estimated to be 127,888 thousand barrels of crude oil equivalent. Viper Energy Partners GP LLC acts as the general partner responsible for managing the company's operations. Founded in 2013, Viper Energy Partners LP maintains its headquarters in Midland, Texas, and operates as a subsidiary of Diamondback Energy, Inc.

Industry
Oil & Gas Midstream
Sector
Energy
Headquarters
US
CEO
Matthew Kaes Van't Hof
Listed since
Jun 18, 2014
Employees
0

Market position

Day range

Current $45.27

52-week range

Current $45.27

Open
$45.10
Previous close
$45.03
Volume
1.98M
1.14× average
Average volume
1.73M
Average daily volume
Market cap
16.3B USD
Beta
0.25
Market reference 1
50-day average
$43.0928
+5.05% above average
200-day average
$42.974
+5.34% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.68B USD
EV / EBITDA
16.06×
Earnings yield
-1.24%
Free cash flow yield
-24.90%

Profitability & efficiency

Return on equity
-1.53%
Return on assets
-0.54%
Return on invested capital
4.22%

Financial health

Current ratio
3.72×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends88%54%20%-14%Gross margin, FY2021: 73.12%Gross margin, FY2022: 79.50%Gross margin, FY2023: 76.23%Gross margin, FY2024: 67.98%Gross margin, FY2025: 47.92%Operating margin, FY2021: 71.70%Operating margin, FY2022: 78.60%Operating margin, FY2023: 75.02%Operating margin, FY2024: 65.88%Operating margin, FY2025: 43.02%Net margin, FY2021: 11.49%Net margin, FY2022: 17.52%Net margin, FY2023: 24.20%Net margin, FY2024: 41.78%Net margin, FY2025: -5.05%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 73.12%. Gross margin FY2022 79.50%. Gross margin FY2023 76.23%. Gross margin FY2024 67.98%. Gross margin FY2025 47.92%. Operating margin FY2021 71.70%. Operating margin FY2022 78.60%. Operating margin FY2023 75.02%. Operating margin FY2024 65.88%. Operating margin FY2025 43.02%. Net margin FY2021 11.49%. Net margin FY2022 17.52%. Net margin FY2023 24.20%. Net margin FY2024 41.78%. Net margin FY2025 -5.05%.

Income trends

Revenue

1.35B USD+56.56%

Operating income

579M USD+2.23%

Net income

−68M USD−427.25M USD
Income trends across reported periods1.49B USD921.8M USD356.2M USD−209.4M USDRevenue, FY2021: 504.3M USDRevenue, FY2022: 865.77M USDRevenue, FY2023: 826.79M USDRevenue, FY2024: 859.75M USDRevenue, FY2025: 1.35B USDOperating income, FY2021: 361.57M USDOperating income, FY2022: 680.48M USDOperating income, FY2023: 620.22M USDOperating income, FY2024: 566.4M USDOperating income, FY2025: 579M USDNet income, FY2021: 57.94M USDNet income, FY2022: 151.67M USDNet income, FY2023: 200.09M USDNet income, FY2024: 359.25M USDNet income, FY2025: −68M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 504.3M USD. Revenue FY2022 865.77M USD. Revenue FY2023 826.79M USD. Revenue FY2024 859.75M USD. Revenue FY2025 1.35B USD. Operating income FY2021 361.57M USD. Operating income FY2022 680.48M USD. Operating income FY2023 620.22M USD. Operating income FY2024 566.4M USD. Operating income FY2025 579M USD. Net income FY2021 57.94M USD. Net income FY2022 151.67M USD. Net income FY2023 200.09M USD. Net income FY2024 359.25M USD. Net income FY2025 −68M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.35B USD859.75M USD826.79M USD865.77M USD504.3M USD
Cost of goods sold701M USD275.29M USD196.52M USD177.44M USD135.55M USD
Gross profit645M USD584.45M USD630.27M USD688.32M USD368.75M USD
Selling, general, and administrative35M USD18.64M USD10.6M USD8.54M USD7.8M USD
Operating expenses66M USD18.06M USD10.05M USD7.84M USD7.18M USD
Interest expense96M USD73.85M USD47.39M USD39.99M USD34.04M USD
Depreciation and amortization607M USD214.41M USD146.12M USD121.07M USD102.99M USD
Operating income579M USD566.4M USD620.22M USD680.48M USD361.57M USD
Net income−68M USD359.25M USD200.09M USD151.67M USD57.94M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+12.91%
11 comparable reports
Latest EPS result
0.76
Estimate 0.76 · Miss by 0.52%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.80.620.440.25Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 0.42, estimate 0.41, surprise +2.44%, Beat. Q2 2025, reported May 5, 2025: actual 0.54, estimate 0.45, surprise +20.00%, Beat. Q3 2025, reported Aug 4, 2025: actual 0.41, estimate 0.376, surprise +9.04%, Beat. Q4 2025, reported Nov 3, 2025: actual 0.4, estimate 0.38, surprise +5.26%, Beat. Q1 2026, reported Feb 23, 2026: actual 0.31, estimate 0.291, surprise +6.71%, Beat. Q2 2026, reported May 4, 2026: actual 0.55, estimate 0.43, surprise +27.79%, Beat. Q3 2026, reported Aug 3, 2026: actual 0.76, estimate 0.764, surprise -0.52%, Miss. Q4 2026, reported Nov 2, 2026: actual —, estimate 0.602, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates713.37M538.58M363.78M188.98MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 228.7M USD, estimate 222.33M USD, surprise +2.86%, Beat. Q2 2025, reported May 5, 2025: actual 245M USD, estimate 243.72M USD, surprise +0.53%, Beat. Q3 2025, reported Aug 4, 2025: actual 297M USD, estimate 288.8M USD, surprise +2.84%, Beat. Q4 2025, reported Nov 3, 2025: actual 418M USD, estimate 403.53M USD, surprise +3.58%, Beat. Q1 2026, reported Feb 23, 2026: actual 435M USD, estimate 422.77M USD, surprise +2.89%, Beat. Q2 2026, reported May 4, 2026: actual 511M USD, estimate 499.81M USD, surprise +2.24%, Beat. Q3 2026, reported Aug 3, 2026: actual 677M USD, estimate 643.45M USD, surprise +5.21%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 578.96M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$55.67

22.97% upside
Past 12 months12-month forecastHigh $61.00Average $55.67Low $46.00

Rating distribution

42 ratings
Strong buy00%
Buy3788%
Hold512%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions

VNOM news

cnbc.com

Top Wall Street analysts like these 3 dividend stocks for steady income

Investors looking for steady income can add dividend-paying energy stocks to their portfolios.

Read source
zacks.com

Can Viper's Riverbend Deal Extend Production Growth Through 2026?

VNOM's Riverbend acquisition expands its Permian royalty footprint and lifts 2026 production guidance, while development activity stays elevated.

Read source
seekingalpha.com

Viper Energy: More Acquisitions

Viper Energy, Inc. has completed several acquisitions. The latest was Riverbend. Recent deals, including the Riverbend acquisition, were likely negotiated before the sharp rise in commodity prices. VNOM's…

Read source
marketbeat.com

Viper Energy Q2 Earnings Call Highlights

Viper Energy NASDAQ: VNOM said steady development activity across its mineral and royalty acreage supported second-quarter execution and prompted the company to initiate third-quarter average production guidance implying…

Read source
seekingalpha.com

Viper Energy, Inc. (VNOM) Q2 2026 Earnings Call Transcript

Viper Energy, Inc. (VNOM) Q2 2026 Earnings Call Transcript

Read source
zacks.com

VNOM Q2 Earnings Beat Estimates on Higher Output & Realized Prices

Viper's Q2 earnings surpass estimates as higher production and realized oil prices drive strong growth and lift its 2026 outlook.

Read source

VNOM peers

Baker Hughes Company logo

BKR

Baker Hughes Company

$62.34

-0.70%

Diamondback Energy, Inc. logo

FANG

Diamondback Energy, Inc.

$210.72

-0.14%

First Solar, Inc. logo

FSLR

First Solar, Inc.

$214.28

+0.10%

Expand Energy Corporation logo

EXE

Expand Energy Corporation

$96.09

+0.02%

Plains All American Pipeline, L.P. logo

PAA

Plains All American Pipeline, L.P.

$24.61

+0.08%

APA Corporation logo

APA

APA Corporation

$43.39

-2.25%

ETFs holding VNOM

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
289.21M
Weight
0.22%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77—
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
262.34M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24—
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
189.24M
Weight
0.10%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76—
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
108.8M
Weight
0.24%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65—
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
99.7M
Weight
0.10%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53—
State Street SPDR S&P Oil & Gas Exploration & Production ETF logoState Street SPDR S&P Oil & Gas Exploration & Production ETFXOP
Market value
85.84M
Weight
2.25%
AUM
3.82B USD
Expense ratio
0.35%
Price / 1D
$189.54—
Horizon Kinetics Inflation Beneficiaries ETF logoHorizon Kinetics Inflation Beneficiaries ETFINFL
Market value
67.55M
Weight
4.09%
AUM
—
Expense ratio
—
Price / 1D
$55.64—
State Street SPDR S&P MIDCAP 400 ETF Trust logoState Street SPDR S&P MIDCAP 400 ETF TrustMDY
Market value
64.05M
Weight
0.24%
AUM
26.72B USD
Expense ratio
0.23%
Price / 1D
$699.6—

Continue in GoAI

Research VNOM

research.disclaimer