VNOM on Nasdaq
Viper Energy, Inc.
American crude petroleum and natural gas company, incorporated in Delaware1
In its 2026 annual report the company says: “We are a publicly traded Delaware corporation focused on owning and acquiring mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin. Our assets consist of mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin in West Texas, substantially all of which are leased to working interest owners who bear the costs of operation and development.”46 It is headquartered in Midland, Texas.1 Its shares trade on Nasdaq under the symbol VNOM.1
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with Magnolia Oil & Gas Corp, Kosmos Energy or GULFPORT ENERGY CORP, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-10.4%Operating margin2
-5.1%Net margin2
57.6%Revenue growth, 20252
-1.5%Return on equity2
0.49×Debt to equity2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Oil Income brought in 84% of the revenue Viper Energy, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Oil Income | $619.0M | $750.0M | $1.1B |
| Natural Gas Liquids Income | $67.0M | $89.0M | $159.0M |
| Natural Gas Income | $31.0M | $15.0M | $56.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs99¢$1.3B
- Income tax1¢$19.0M
Out of $1.3B in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid31¢$328.0M
- Kept or used elsewhere69¢$725.0M
Out of $1.1B of cash from operations.2
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Royalty income | $1.3B | $854.0M | $717.0M |
| Other operating income | $1.0M | $1.0M | $1.0M |
| Total operating income | $1.4B | $861.0M | $828.0M |
| Production and ad valorem taxes | $94.0M | $61.0M | $50.0M |
| Depletion | $607.0M | $214.0M | $146.0M |
| Impairment | $768.0M | $0 | $0 |
| Other operating expenses | $31.0M | $0 | $1.0M |
| Total costs and expenses | $1.5B | $294.0M | $208.0M |
| Income (loss) from operations | -$140.0M | $567.0M | $620.0M |
| Interest expense, net | -$96.0M | -$74.0M | -$47.0M |
| Gain (loss) on derivative instruments, net | $44.0M | $11.0M | -$26.0M |
| Gain (loss) on early extinguishment of debt | -$32.0M | $0 | $0 |
| Other income (expense), net | -$1.0M | $0 | $0 |
| Total other income (expense), net | -$85.0M | -$63.0M | -$73.0M |
| Income (loss) before income taxes | -$225.0M | $504.0M | $547.0M |
| Provision for (benefit from) income taxes | -$19.0M | -$100.0M | $46.0M |
| Net income (loss) | -$206.0M | $604.0M | $501.0M |
| Net income (loss) attributable to non-controlling interest | -$138.0M | $245.0M | $301.0M |
| Net income (loss) attributable to Viper Energy, Inc. | -$68.0M | $359.0M | $200.0M |
| Basic (dollars per shares) | -$0.48 | $3.82 | $2.69 |
| Diluted (dollars per shares) | -$0.48 | $3.82 | $2.69 |
| Basic (in shares) | 142.5M shares | 93.9M shares | 74.2M shares |
| Diluted (in shares) | 142.5M shares | 93.9M shares | 74.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $13.0M | $27.0M | ||
| Prepaid expenses and other current assets | $50.0M | $31.0M | ||
| Total current assets | $413.0M | $238.0M | ||
| Proved properties | $9.7B | $3.5B | ||
| Unproved properties | $4.9B | $2.2B | ||
| Other property, equipment and land | $8.0M | $6.0M | ||
| Accumulated depletion and impairment | -$2.5B | -$1.1B | ||
| Property, net | $12.2B | $4.6B | ||
| Deferred income taxes (net of allowances) | $33.0M | $185.0M | ||
| Other assets | $16.0M | $8.0M | ||
| Total assets | $12.7B | $5.1B | ||
| Accrued liabilities | $107.0M | $43.0M | ||
| Other current liabilities | $4.0M | $6.0M | ||
| Total current liabilities | $111.0M | $49.0M | ||
| Long-term debt, net | $2.2B | $1.1B | ||
| Other long-term liabilities | $11.0M | $30.0M | ||
| Total liabilities | $2.3B | $1.2B | ||
| Additional paid-in capital | $4.7B | $1.6B | ||
| Retained earnings (accumulated deficit) | -$278.0M | $118.0M | ||
| Total Viper Energy, Inc. stockholders equity | $4.4B | $1.7B | ||
| Non-controlling interest | $5.9B | $2.2B | ||
| Total equity | $10.4B | $3.9B | $2.9B | $2.3B |
| Total liabilities and stockholders equity | $12.7B | $5.1B |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $13.0M | $27.0M | ||
| Prepaid expenses and other current assets | $50.0M | $31.0M | ||
| Total current assets | $413.0M | $238.0M | ||
| Proved properties | $9.7B | $3.5B | ||
| Unproved properties | $4.9B | $2.2B | ||
| Other property, equipment and land | $8.0M | $6.0M | ||
| Accumulated depletion and impairment | -$2.5B | -$1.1B | ||
| Property, net | $12.2B | $4.6B | ||
| Deferred income taxes (net of allowances) | $33.0M | $185.0M | ||
| Other assets | $16.0M | $8.0M | ||
| Total assets | $12.7B | $5.1B | ||
| Accrued liabilities | $107.0M | $43.0M | ||
| Other current liabilities | $4.0M | $6.0M | ||
| Total current liabilities | $111.0M | $49.0M | ||
| Long-term debt, net | $2.2B | $1.1B | ||
| Other long-term liabilities | $11.0M | $30.0M | ||
| Total liabilities | $2.3B | $1.2B | ||
| Additional paid-in capital | $4.7B | $1.6B | ||
| Retained earnings (accumulated deficit) | -$278.0M | $118.0M | ||
| Total Viper Energy, Inc. stockholders equity | $4.4B | $1.7B | ||
| Non-controlling interest | $5.9B | $2.2B | ||
| Total equity | $10.4B | $3.9B | $2.9B | $2.3B |
| Total liabilities and stockholders equity | $12.7B | $5.1B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | -$206.0M | $604.0M | $501.0M |
| Provision for (benefit from) deferred income taxes | -$83.0M | -$149.0M | -$7.0M |
| Depletion | $607.0M | $214.0M | $146.0M |
| Impairment | $768.0M | $0 | $0 |
| (Gain) loss on derivative instruments, net | -$44.0M | -$11.0M | $26.0M |
| Net cash receipts (payments) on derivatives | $30.0M | -$3.0M | -$13.0M |
| (Gain) loss on extinguishment of debt | $32.0M | $0 | $0 |
| Other | $13.0M | $6.0M | $3.0M |
| Royalty income receivable | -$25.0M | -$13.0M | -$27.0M |
| Royalty income receivablerelated party | -$34.0M | -$28.0M | $3.0M |
| Accounts payable and accrued liabilities | -$19.0M | $7.0M | $6.0M |
| Accounts payablerelated party | -$2.0M | $1.0M | $1.0M |
| Other | $16.0M | -$8.0M | -$1.0M |
| Net cash provided by (used in) operating activities | $1.1B | $620.0M | $638.0M |
| Proceeds from sale of oil and natural gas interests | $0 | $88.0M | -$3.0M |
| Net cash provided by (used in) investing activities | -$2.4B | -$608.0M | -$908.0M |
| Proceeds from debt | $3.2B | $842.0M | $973.0M |
| Repayments of debt | -$2.2B | -$844.0M | -$462.0M |
| Net proceeds from public offering | $1.2B | $476.0M | $0 |
| Proceeds from public offering to Diamondback | $0 | $0 | $200.0M |
| Dividends to stockholders | -$328.0M | -$219.0M | -$129.0M |
| Dividends to Diamondback | -$361.0M | -$255.0M | -$196.0M |
| Dividends to other non-controlling interest | -$56.0M | -$7.0M | $0 |
| Other | -$23.0M | -$4.0M | -$13.0M |
| Net cash provided by (used in) financing activities | $1.4B | -$11.0M | $278.0M |
| Net increase (decrease) in cash and cash equivalents | -$14.0M | $1.0M | $8.0M |
| Interest paid | -$70.0M | -$74.0M | -$40.0M |
| Federal | -$47.0M | -$53.0M | -$50.0M |
| State | -$2.0M | -$3.0M | -$1.0M |
| Class A Common Stock issued for acquisition | -$1.4B | $0 | -$255.0M |
No quarter-by-quarter statement was filed.
Corporate structure
Viper Energy, Inc. sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Viper Energy, Inc.
- Diamondback Energy Filed SCHEDULE 13D/A on Viper Energy, Inc., latest Sep 3, 2026 (5 filings since Aug 26, 2025)
- Wellington Management Company Filed SCHEDULE 13G/A on Viper Energy, Inc., latest Aug 13, 2026 (2 filings since Nov 12, 2025)
- Capital World Investors Filed SCHEDULE 13G/A on Viper Energy, Inc., latest Aug 12, 2026 (4 filings since Nov 13, 2025)
- EnCap Partners GP, LLC Filed SCHEDULE 13G/A on Viper Energy, Inc., latest May 15, 2026
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SCHEDULE 13G/A on Viper Energy, Inc., latest May 15, 2026 (2 filings since Nov 14, 2025)
- Kimmeridge Energy Management Company, LLC Filed SCHEDULE 13G/A on Viper Energy, Inc., latest May 11, 2026 (2 filings since Jan 15, 2026)
- Blackstone Holdings III L.P. Filed SCHEDULE 13G/A on Viper Energy, Inc., latest May 1, 2026 (2 filings since Nov 14, 2025)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Viper Energy, Inc., latest Apr 30, 2026
- BlackRock Filed SCHEDULE 13G/A on Viper Energy, Inc., latest Apr 24, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Viper Energy, Inc., latest Mar 27, 2026 (2 filings since Sep 8, 2025)
- Viper Energy, Inc. Midland, Texas
- Sitio Royalties Corp. Subsidiary · Delaware, United States
- Viper Energy Partners LP Subsidiary · Delaware, United States
- VNOM Holding Company LLC Subsidiary · Delaware, United States
- VNOM Sub, Inc Subsidiary · Delaware, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Viper Energy, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $12.2B2 Dec 31, 2025 | $4.6B2 Dec 31, 2024 | +163.2% |
Investments
Leadership
Who has led Viper Energy, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerHof Matthew Kaes Van'T Aug 19, 2025 to now8
- PresidentAusten Gilfillian Aug 19, 2025 to now9
- Chief financial officerTeresa L. Dick Aug 19, 2025 to now10
Board members and other officers (11)
- VP, Gen Counsel and SecWilliam F. Krueger Feb 27, 2026 to now11
- Exec. VP and Chief EngineerAlbert Barkmann Aug 19, 2025 to now12
- Exec. VP, Gen Counsel and SecMatt Zmigrosky Aug 19, 2025 to now13
- Board memberJohn P. Grotzinger Sep 17, 2026 to now14
- Board memberFrank C. Hu Aug 19, 2025 to now15
- Board memberHof Matthew Kaes Van'T Aug 19, 2025 to now8
- Board memberJames L. Rubin Aug 19, 2025 to now16
- Board memberLaurie H. Argo Aug 19, 2025 to now17
- Board memberSpencer D. Armour Iii. Aug 19, 2025 to now18
- Board memberSteven E. West Aug 19, 2025 to now19
- Board memberTravis D. Stice Aug 19, 2025 to now20
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Sitio Royalties Corp. Delaware4
- VNOM Holding Company LLC Delaware4
- VNOM Sub, Inc Delaware4
- Viper Energy Partners LP Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- New Cobra Pubco, Inc.Jun 30, 2025 to Jul 18, 20253
Timeline
- Sep 16, 20268-K Executive or director change21
- Sep 8, 20268-K Unregistered sale of shares22
- Aug 3, 20268-K Results of operations23
- Jul 2, 20268-K Other events24
- Jun 15, 20268-K Entered a material agreement; New debt or obligation25
- May 19, 20268-K Bylaws or fiscal year changed; Shareholder vote26
- May 4, 20268-K Results of operations27
- Mar 4, 20268-K Entered a material agreement; Regulation FD disclosure; Other events28
- Mar 3, 20268-K Regulation FD disclosure; Other events29
- Feb 23, 20268-K Results of operations30
- Feb 19, 20268-K Executive or director change31
- Dec 30, 20258-K Entered a material agreement32
- Aug 19, 2025New chief executive Hof Matthew Kaes Van'T becomes CEO8
Calendar
Coming up
- Nov 2, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.40 a share, on Nov 3, 2025.33
When it reported results
- Aug 3, 2026Reported quarterly or annual results23
- May 4, 2026Reported quarterly or annual results27
- Feb 23, 2026Reported quarterly or annual results30
- Nov 3, 2025Reported quarterly or annual results34
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
95 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 16 major events, 30 insider forms, 22 large holders, 23 other. The latest 20:
- Oct 5, 20264 EDGAR
- Sep 17, 20264 EDGAR
- Sep 17, 20263 EDGAR
- Sep 16, 20268-K EDGAR
- Sep 8, 20268-K EDGAR
- Sep 3, 2026SCHEDULE 13D/A EDGAR
- Sep 3, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 2026SCHEDULE 13G/A EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 2026SCHEDULE 13D/A EDGAR
- Aug 3, 20268-K EDGAR
- Jul 2, 20268-K EDGAR
- Jul 2, 2026424B7 EDGAR
- Jun 15, 20268-K EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
The 95 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 19, 2026 | Diamondback Energy, Inc.10% owner | Sale | 510,071 | $45.69 | $23.3M | Form 4 |
| Mar 4, 2026 | Diamondback Energy, Inc.10% owner | Sale | 12,391,304 | $45.69 | $566.2M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Diamondback EnergySCHEDULE 13D/A, 5 filings Aug 26, 2025 to Sep 3, 202635
- Wellington Management CompanySCHEDULE 13G/A, 2 filings Nov 12, 2025 to Aug 13, 202636
- Capital World InvestorsSCHEDULE 13G/A, 4 filings Nov 13, 2025 to Aug 12, 202637
- EnCap Partners GP, LLCSCHEDULE 13G/A, 1 filing May 15, 202638
- PRICE T ROWE ASSOCIATES INC /MD/SCHEDULE 13G/A, 2 filings Nov 14, 2025 to May 15, 202639
- Kimmeridge Energy Management Company, LLCSCHEDULE 13G/A, 2 filings Jan 15, 2026 to May 11, 202640
- Blackstone Holdings III L.P.SCHEDULE 13G/A, 2 filings Nov 14, 2025 to May 1, 202641
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202642
- BlackRockSCHEDULE 13G/A, 1 filing Apr 24, 202643
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Sep 8, 2025 to Mar 27, 202644
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Austen GilfillianPresident | 33 | $391.7K | $2.5M45 |
| 2025 | Kaes Van’t HofChief Executive Officer | 39 | $1.8M45 | |
| 2025 | Matt ZmigroskyFormer Executive Vice President, General Counsel and Secretary | $584.2K45 | ||
| 2025 | Al BarkmannExecutive Vice President and Chief Engineer | 44 | $365.1K45 | |
| 2025 | Teresa L. DickExecutive Vice President, Chief Financial Officer and Assistant Secretary | 56 | $365.1K45 | |
| 2025 | Travis D. SticeFormer Chief Executive Officer | $68.9K45 | ||
| 2024 | Kaes Van’t HofChief Executive Officer | 39 | $1.2M45 | |
| 2024 | Travis D. SticeFormer Chief Executive Officer | $1.2M45 | ||
| 2024 | Al BarkmannExecutive Vice President and Chief Engineer | 44 | $415.1K45 | |
| 2024 | Matt ZmigroskyFormer Executive Vice President, General Counsel and Secretary | $415.1K45 | ||
| 2024 | Teresa L. DickExecutive Vice President, Chief Financial Officer and Assistant Secretary | 56 | $415.1K45 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Capital World Investors | 26,471,437 | $1.1B | 0.1% | +2,453,944 |
| BlackRock, Inc. | 19,225,221 | $815.1M | 0.0% | +1,756,615 |
| Kimmeridge Energy Management Company, LLC | 15,680,938 | $664.9M | 78.4% | New |
| Vanguard Portfolio Management LLC | 9,067,394 | $384.5M | 0.0% | −305,836 |
| Wellington Management Group Llp | 8,696,506 | $368.7M | 0.1% | −2,914,858 |
| Vanguard Capital Management LLC | 8,427,152 | $357.3M | 0.0% | −185,318 |
| State Street Corp | 7,563,443 | $320.7M | 0.0% | +304,444 |
| FIL Ltd | 5,646,200 | $239.4M | 0.2% | −28,052 |
| D. E. Shaw & Co., Inc. | 5,466,523 | $231.8M | 0.2% | +216,448 |
| Adage Capital Partners Gp, L.l.c. | 5,426,609 | $230.1M | 0.3% | +421,919 |
| Oaktree Capital Management LP | 3,791,432 | $160.8M | 4.3% | No change |
| Geode Capital Management, LLC | 3,761,206 | $159.5M | 0.0% | +175,993 |
| Neuberger Berman Group LLC | 3,246,944 | $137.7M | 0.1% | −903,854 |
| Invesco Ltd. | 2,776,416 | $117.7M | 0.0% | +5,802 |
| Raymond James Financial Inc | 2,732,907 | $115.9M | 0.0% | +137,074 |
| Fmr LLC | 2,476,244 | $105.0M | 0.0% | −25,132 |
| UBS Group AG | 2,373,764 | $100.6M | 0.0% | +271,272 |
| Two Sigma Investments, LP | 2,358,096 | $100.0M | 0.1% | +1,436,286 |
| Horizon Kinetics Asset Management LLC | 1,652,125 | $70.1M | 0.8% | −10,516 |
| Renaissance Technologies LLC | 1,605,478 | $68.1M | 0.1% | +808,200 |
| Morgan Stanley | 1,461,152 | $62.0M | 0.0% | +65,632 |
| Northern Trust Corp | 1,438,460 | $61.0M | 0.0% | +60,815 |
| Primecap Management Co/ca/ | 1,433,200 | $60.8M | 0.0% | +267,948 |
| Charles Schwab Investment Management Inc | 1,293,915 | $54.9M | 0.0% | +45,524 |
| Capital Research Global Investors | 1,275,201 | $54.1M | 0.0% | +34,274 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Mar 13, 2026 | August PflugerRepublican, House | Buy | $15,001 - $50,000 | −18.0% | Report |
| Jul 10, 2025 | Lisa C. McClainRepublican, House | Sale | $1,001 - $15,000 | +5.8% | Report |
| Jun 24, 2025 | Lisa C. McClainRepublican, House | Buy | $1,001 - $15,000 | −14.2% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Viper Energy, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARViper Energy, Inc.1
- CIK0002074176
- Employer ID (EIN)39-259687846
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company46
- Incorporated inDelaware46
- Fiscal year endsDecember 311
- Industry code (SIC)1311 Crude Petroleum & Natural Gas1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address500 West Texas Ave., Suite 100, Midland, TX 797011
- Phone(432) 221-74001
- Shares outstanding176,723,281 Common Class A shares; 180,825,588 Common Class B shares as of Feb 20, 202646
- Public float$5.0B as of Jun 30, 202546
- AuditorGRANT THORNTON LLP, Oklahoma City, Oklahoma PCAOB ID 248; it also attests to the company’s internal control over financial reporting46
- On EDGAR sinceJun 30, 20251
- Filings95 in all: 3 (15), 4 (15), 8-K (14), SCHEDULE 13G/A (10), SCHEDULE 13G (7), SCHEDULE 13D/A (4), 10-Q (3), 424B5 (3)1
All 28 form types
S-3ASR (3), FWP (2), POSASR (2), 10-K (1), 424B2 (1), 424B3 (1), 424B7 (1), 8-K/A (1), 8-K12B (1), ARS (1), CORRESP (1), DEF 14A (1), DEFA14A (1), EFFECT (1), PRE 14A (1), S-4 (1), S-4/A (1), S-8 (1), SCHEDULE 13D (1), UPLOAD (1)
- Latest filingsAnnual report (10-K) Feb 25, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Apr 8, 2026
Latest 8-K (8-K) Sep 16, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Common Stock, $0.000001 Par Value | VNOM | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).46
Risk factors and legal proceedings
The risks Viper Energy, Inc. names in Item 1A of its 10-K filed Feb 25, 2026: 27 risks under these headings, as written.46
- The nature of our business activities subjects us to certain hazards and risks. The following is a summary of the material risks relating to our business activities. We could also face additional risks and uncertainties not currently known to us or that we currently deem to be immaterial. If any of these risks actually occurs, it could materially harm our business, financial condition or results of operations and the trading price of our shares could decline.
- Risks Related to Our Business
- Geopolitics and market conditions for oil and natural gas, and particularly volatility in prices for oil and natural gas, have in the past adversely affected, and may in the future adversely affect, our revenue, cash flows, profitability, growth and production.
- Our commodity price derivatives could result in financial losses, may fail to protect us from declines in commodity prices, prevent us from fully benefiting from commodity price increases and may expose us to other risks, including counterparty credit risk.
- The risks relating to the transition to a low carbon economy could impose new costs on our operations that may have a material and adverse effect on us.
- Changing political and social perspectives on climate change and other environmental, social and governance factors may create risks and uncertainties impacting our business.
- Increased costs of capital could adversely affect our business.
- We may not have sufficient available cash to pay any quarterly dividend on our Common Stock, our cash available for dividends may vary significantly from quarter to quarter and our board of directors may in the future modify or revoke our cash dividend policy at any time at its discretion. Our dividend policy could limit our ability to grow and make acquisitions.
- We depend on a small number of operators for a substantial portion of the development and production on our mineral and royalty acreage. A reduction in the expected number of wells to be drilled on our acreage by these operators or the failure of an operator to adequately and efficiently develop and operate our acreage could have an adverse effect on our expected growth and our results of operations.
- The development of our proved undeveloped reserves may take longer and may require higher levels of capital expenditures by operators than we currently anticipate.
- We may not be able to terminate our leases if any of our operators declare bankruptcy, and we may experience delays and be unable to replace operators that do not make royalty payments.
- The producing properties in which we have mineral and royalty interests are primarily concentrated in the Permian Basin of West Texas, making us vulnerable to risks (including weather-related risks) associated with a single geographic area. In addition, a large amount of our proved reserves is attributable to a small number of producing horizons within this area.
The other 16 risks
- Our future success depends on the development or acquisition of additional reserves, and our failure to successfully identify, complete and integrate acquisitions of properties or businesses could slow our growth and adversely affect our results of operations and cash available for dividends.
- We may not realize the anticipated benefits from our acquisitions, including the Sitio Acquisition and the 2025 Drop Down.
- Project areas on our properties, which are in various stages of development, may not yield oil or natural gas in commercially viable quantities.
- Our estimated reserves are based on many assumptions that may turn out to be inaccurate. Any material inaccuracies in these reserve estimates or underlying assumptions will materially affect the quantities and present value of our reserves.
- We are dependent on electrical power, internet and telecommunication infrastructure and information and computer systems. If any of these systems are compromised or unavailable, our business could be adversely affected.
- We are subject to cybersecurity and data privacy risks. A cyber incident could occur and result in information theft, data corruption, operational disruption and/or financial loss.
- Risks Related to Our Indebtedness
- Our substantial indebtedness could adversely affect our results of operations, business flexibility and our ability to service our debt.
- A downgrade in our debt ratings could restrict our access to, and negatively impact the terms of, current or future financings or trade credit.
- Risks Inherent in an Investment in Us
- Diamondback controls us and its interests may conflict with ours or yours in the future.
- We do not have any employees, and we rely solely on the employees of Diamondback to manage our business. The management team of Diamondback, which includes the individuals who manage us, also perform similar services for Diamondback and certain of its affiliates, and thus are not solely focused on our business.
- The market price of our shares of Class A Common Stock could be adversely affected by sales of substantial amounts of our Class A Common Stock in the public or private markets.
- U.S. tax legislation may adversely affect our business, results of operations, financial condition and cash flow.
- The provision of our certificate of incorporation requiring exclusive venue in the Court of Chancery in the State of Delaware for certain types of lawsuits may have the effect of discouraging lawsuits against us and our directors, officers and stockholders.
- Our certificate of incorporation does not limit the ability of Diamondback and certain of its directors, principals, officers, employees and their respective affiliates to compete with us.
- Anti-takeover provisions in our organizational documents and Delaware law might discourage or delay acquisition attempts for us that you might consider favorable.
- Our ability to pay base and variable dividends to the holders of our Class A Common Stock or make repurchases under our repurchase program may be limited by requirements under our certificate of incorporation, our holding company structure, applicable provisions of Delaware law and contractual restrictions.
Legal proceedings
Due to the nature of our business, we are, from time to time, involved in routine litigation or subject to disputes or claims related to our business activities. In the opinion of our management, none of the pending litigation, disputes or claims against us, if decided adversely, will have a material adverse effect on our financial condition, cash flows or results of operations. See Note 12—Commitments and Contingencies in Item 8. Financial Statements and Supplementary Data of this report.
The opening of Item 3, Legal Proceedings.46
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 9SEC EDGARAusten Gilfillian, President
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- 14SEC EDGARJohn P. Grotzinger, Board member
- 15SEC EDGARFrank C. Hu, Board member
- 16SEC EDGARJames L. Rubin, Board member
- 17SEC EDGARLaurie H. Argo, Board member
- 18SEC EDGARSpencer D. Armour Iii., Board member
- 19SEC EDGARSteven E. West, Board member
- 20SEC EDGARTravis D. Stice, Board member
- 21SEC EDGARExecutive or director change
- 22SEC EDGARUnregistered sale of shares
- 23SEC EDGARResults of operations
- 24SEC EDGAROther events
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- 27SEC EDGARResults of operations
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- 30SEC EDGARResults of operations
- 31SEC EDGARExecutive or director change
- 32SEC EDGAREntered a material agreement
- 33NasdaqNasdaq calendar
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