Viper Energy revenue and financials
$41.59Change from previous close: +1.76%Absolute change: +$0.72
In the fiscal year ended December 2025, Viper Energy reported revenue of $1.33B (+62.18% year over year). The net loss was $68M.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +62.18%
- 2025 vs 2024
- Net margin
- -5.1%
- 2024: 43.9%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 487 | 328 | 399 | 281 | 172 | 201 | 158 | 203 | 144 | 115 | 146 | 240 |
| Depreciation and amortization | 195 | 206 | 234 | 182 | 124 | 67.0 | 64.0 | 55.0 | 48.0 | 47.0 | 44.8 | 36.3 |
| Capital expenditure | -103 | -30.0 | -67.0 | -1,097 | -774 | -486 | -425 | -242 | -8.0 | -21.0 | -732 | -52.3 |
| Investing cash flow | -103 | 581 | -67.0 | -1,097 | -774 | -486 | -425 | -244 | 81.0 | -20.0 | -732 | -52.3 |
| Financing cash flow | -335 | -894 | -762 | 1,231 | 70.0 | 818 | 125 | 175 | -210 | -101 | 465 | -53.7 |
| Dividends paid | -133 | -100 | -99.0 | -68.0 | -75.0 | -85.0 | -63.0 | -59.0 | -54.0 | -48.0 | -49.1 | -25.5 |
| Share repurchases | -86.0 | -96.0 | -94.0 | -90.0 | -10.0 | — | — | — | — | — | -28.0 | -9.7 |
| Debt issued | 345 | 175 | 160 | 2,350 | 445 | 295 | 372 | 375 | 5.0 | 90.0 | 713 | 69.0 |
| Debt repaid | -270 | -760 | -595 | -842 | -170 | -556 | -111 | -552 | -101 | -80.0 | -300 | -43.0 |
| Net change in cash | 49.0 | 15.0 | -430 | 415 | -532 | 533 | -142 | 134 | 15.0 | -6.0 | -121 | 134 |
| Free cash flow | 384 | 298 | 332 | -816 | -602 | -285 | -267 | -39.0 | 136 | 94.0 | -586 | 187 |
| Levered free cash flow | 298 | 253 | 704 | -1,208 | -795 | -289 | -334 | -73.9 | 98.2 | 65.5 | -621 | 124 |