Viper Energy (VNOM) Financials

$37.54 -0.04 (-0.11%)

As of 04:00 PM Eastern

Annual Income Statements for Viper Energy

This table shows Viper Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	24	-11	111	144	46	-192	58	152	200	359
Consolidated Net Income / (Loss)	24	-11	111	263	221	-193	257	655	501	604
Net Income / (Loss) Continuing Operations	24	-11	111	263	221	-193	257	655	501	604
Total Pre-Tax Income	24	-11	111	191	180	-51	258	622	547	504
Total Operating Income	24	-9.31	114	203	194	53	362	680	620	566
Total Gross Profit	75	79	171	289	298	251	505	866	828	860
Total Revenue	75	79	172	289	298	251	505	866	828	860
Operating Revenue	75	79	172	289	298	250	504	866	827	860
Other Revenue	-	-	0.00	0.13	0.36	1.06	0.62	0.70	0.91	0.64
Total Cost of Revenue	0.26	0.42	0.79	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	50	88	57	86	105	198	143	186	207	294
Selling, General & Admin Expense	5.84	5.21	6.30	7.96	7.49	8.17	7.80	8.54	11	19
Marketing Expense	5.53	5.54	11	19	19	20	33	56	50	61
Depletion Expense	35	30	41	59	78	101	103	121	146	214
Other Operating Expenses / (Income)	-	0.00	-	-	-	-	-	0.00	0.36	0.06
Total Other Income / (Expense), net	0.04	-1.59	-2.34	-12	-14	-104	-103	-58	-73	-62
Interest & Investment Income	-	-2.46	-3.16	-14	-16	-42	-34	-40	-47	-74
Other Income / (Expense), net	1.15	0.87	0.82	1.92	2.33	-62	-69	-18	-26	11
Income Tax Expense	-	0.00	0.00	-72	-42	142	1.52	-33	46	-100
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	0.00	119	175	-1.11	199	503	301	244
Basic Earnings per Share	$0.31	($0.13)	$1.07	$2.01	$0.75	($2.84)	$0.85	$2.00	$2.69	$3.82
Weighted Average Basic Shares Outstanding	79.72M	83.08M	104.32M	71.55M	61.74M	67.69M	68.32M	75.61M	74.18M	93.93M
Diluted Earnings per Share	$0.31	($0.13)	$1.07	$2.01	$0.75	($2.84)	$0.85	$2.00	$2.69	$3.82
Weighted Average Diluted Shares Outstanding	79.73M	83.08M	104.38M	71.63M	61.79M	67.69M	68.39M	75.68M	74.18M	93.93M
Weighted Average Basic & Diluted Shares Outstanding	79.72M	83.08M	104.32M	71.55M	61.74M	67.69M	68.32M	75.61M	176.85M	219.14M

This table shows Viper Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	79	22	34	31	79	57	43	57	49	210
Consolidated Net Income / (Loss)	210	145	88	80	207	126	100	122	109	273
Net Income / (Loss) Continuing Operations	210	145	88	80	207	126	100	122	109	273
Total Pre-Tax Income	164	150	98	88	229	132	112	135	126	130
Total Operating Income	173	159	122	112	243	143	139	149	136	143
Total Gross Profit	222	204	169	161	293	205	205	217	210	229
Total Revenue	222	204	169	161	293	205	205	217	210	229
Operating Revenue	221	203	169	161	293	205	205	217	209	229
Other Revenue	0.21	-	0.40	0.18	0.19	0.14	0.16	0.13	0.18	0.18
Total Operating Expenses	48	45	47	49	50	62	66	68	74	85
Selling, General & Admin Expense	2.14	2.57	2.76	2.01	1.88	3.95	5.13	4.59	4.62	4.31
Marketing Expense	16	11	13	13	12	13	14	15	15	16
Depletion Expense	30	31	31	34	36	45	47	48	55	65
Total Other Income / (Expense), net	-9.69	-8.81	-25	-24	-14	-11	-27	-13	-9.33	-13
Interest & Investment Income	-11	-9.84	-9.69	-11	-11	-16	-20	-19	-17	-19
Other Income / (Expense), net	1.04	1.03	-15	-13	-2.73	4.75	-7.23	5.35	7.41	5.86
Income Tax Expense	-46	4.94	9.41	8.45	22	6.22	13	13	17	-142
Net Income / (Loss) Attributable to Noncontrolling Interest	131	124	54	49	129	69	56	65	60	63
Basic Earnings per Share	$1.06	$0.28	$0.47	$0.42	$1.11	$0.69	$0.49	$0.62	$0.52	$2.19
Weighted Average Basic Shares Outstanding	74.94M	75.61M	72.73M	71.77M	70.93M	74.18M	87.54M	91.42M	93.70M	93.93M
Diluted Earnings per Share	$1.06	$0.28	$0.47	$0.42	$1.11	$0.69	$0.49	$0.62	$0.52	$2.19
Weighted Average Diluted Shares Outstanding	74.94M	75.68M	72.82M	71.77M	70.93M	74.18M	87.63M	91.42M	93.75M	93.93M
Weighted Average Basic & Diluted Shares Outstanding	74.94M	75.61M	72.73M	71.77M	70.93M	176.85M	176.86M	176.88M	188.41M	219.14M

This table details how cash moves in and out of Viper Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-15	8.67	15	-1.52	-19	16	20	-21	7.69	0.98
Net Cash From Operating Activities	15	69	139	244	237	197	307	700	638	620
Net Cash From Continuing Operating Activities	64	69	139	244	237	197	307	700	638	620
Net Income / (Loss) Continuing Operations	0.00	-11	111	263	221	-193	257	655	501	604
Consolidated Net Income / (Loss)	-	-11	111	263	221	-193	257	655	501	604
Non-Cash Adjustments To Reconcile Net Income	67	81	43	59	73	205	80	108	159	200
Changes in Operating Assets and Liabilities, net	-3.69	-1.98	-16	-78	-58	185	-29	-63	-22	-184
Net Cash From Investing Activities	-44	-206	-344	-614	-531	-16	-281	48	-908	-609
Net Cash From Continuing Investing Activities	-44	-206	-344	-614	-531	-16	-281	48	-908	-609
Purchase of Property, Plant & Equipment	-44	-206	-344	-615	-531	-66	-281	-64	-905	-696
Sale of Property, Plant & Equipment	-	0.00	0.00	0.57	0.00	39	0.00	112	-3.16	88
Net Cash From Financing Activities	-34	146	220	368	275	-165	-5.61	-769	278	-10
Net Cash From Continuing Financing Activities	-34	146	220	368	275	-165	-5.61	-769	278	-10
Repayment of Debt	-0.44	-78	-308	-376	-916	-137	-159	-473	-475	-847
Repurchase of Common Equity	0.00	-0.55	-0.43	0.00	0.00	-24	-	-151	-95	0.00
Payment of Dividends	-69	-65	-131	-253	-240	-108	-177	-417	-325	-481
Issuance of Debt	35	164	279	692	1,091	104	330	272	973	842
Issuance of Common Equity	0.00	126	380	306	341	-	0.00	0.00	200	476
Cash Interest Paid	0.75	1.95	2.59	12	14	33	31	37	40	74
Cash Income Taxes Paid	-	-	-	-	-	0.00	1.05	17	51	56

This table details how cash moves in and out of Viper Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	7.30	6.56	-9.07	3.97	134	-121	-5.86	15	133	-142
Net Cash From Operating Activities	214	187	107	145	240	146	115	143	203	158
Net Cash From Continuing Operating Activities	214	187	107	145	240	146	115	143	203	158
Net Income / (Loss) Continuing Operations	210	145	88	80	207	126	100	122	109	273
Consolidated Net Income / (Loss)	210	145	88	80	207	126	100	122	109	273
Non-Cash Adjustments To Reconcile Net Income	19	26	44	43	35	37	52	44	47	58
Changes in Operating Assets and Liabilities, net	-15	15	-25	23	-2.95	-17	-36	-22	47	-172
Net Cash From Investing Activities	-12	28	-117	-7.87	-52	-732	-20	82	-245	-425
Net Cash From Continuing Investing Activities	-12	28	-117	-7.87	-52	-732	-20	82	-245	-425
Purchase of Property, Plant & Equipment	-	-	-115	-7.81	-51	-732	-21	-8.40	-242	-425
Sale of Property, Plant & Equipment	29	54	-1.91	-0.07	-1.19	0.00	0.43	90	-2.97	-0.01
Net Cash From Financing Activities	-195	-208	0.27	-134	-54	465	-101	-210	175	125
Net Cash From Continuing Financing Activities	-195	-208	0.27	-134	-54	465	-101	-210	175	125
Repayment of Debt	-90	-136	-0.02	-120	-48	-307	-80	-101	-552	-114
Payment of Dividends	-140	-83	-85	-62	-66	-113	-111	-114	-124	-133
Issuance of Debt	85	43	118	73	69	713	90	5.00	375	372
Issuance of Common Equity	-	-	-	-	-	200	-	-	-	0.00
Cash Interest Paid	-	-	-	-	4.84	15	-	-	4.25	31
Cash Income Taxes Paid	-	-	-	-	5.55	26	-	-	16	14

This table presents Viper Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	530	671	1,013	1,654	2,786	2,461	3,034	2,920	3,974	5,069
Total Current Assets	11	23	55	65	73	54	111	119	144	238
Cash & Equivalents	0.54	9.21	24	23	3.60	19	39	18	26	27
Accounts Receivable	7.44	14	26	39	69	32	69	88	112	180
Prepaid Expenses	-	-	-	-	-	-	-	2.47	4.47	11
Current Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	0.73	0.81	2.24
Other Current Assets	2.40	0.19	5.50	3.75	0.40	2.66	3.13	9.33	0.36	18
Plant, Property, & Equipment, net	483	612	914	1,474	2,548	2,405	2,920	2,750	3,768	4,638
Plant, Property & Equipment, gross	555	-	1,104	1,722	2,874	2,901	3,519	3,471	4,635	5,718
Accumulated Depreciation	72	149	189	248	326	496	599	720	866	1,081
Total Noncurrent Assets	36	35	43	115	165	2.33	2.76	51	62	193
Noncurrent Deferred & Refundable Income Taxes	-	-	0.00	97	142	-	0.00	50	57	185
Other Noncurrent Operating Assets	36	35	43	18	23	2.33	2.76	1.82	5.60	8.17
Total Liabilities & Shareholders' Equity	530	671	1,013	1,654	2,786	2,461	3,034	2,920	3,974	5,069
Total Liabilities	35	123	99	417	600	601	801	599	1,117	1,162
Total Current Liabilities	0.09	2.15	5.63	6.02	13	45	24	22	33	49
Accounts Payable	0.01	1.78	2.96	0.00	0.15	0.04	0.07	1.44	1.35	2.07
Accrued Expenses	0.08	0.37	2.67	6.02	13	18	21	20	27	42
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	0.47	0.91	1.93	2.03
Other Current Liabilities	-	-	-	-	0.00	27	3.42	0.00	2.96	2.32
Total Noncurrent Liabilities	35	121	94	411	587	556	777	577	1,083	1,113
Long-Term Debt	35	121	94	411	587	556	777	577	1,083	1,083
Other Noncurrent Operating Liabilities	-	-	-	-	-	-	0.00	0.01	0.20	30
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	495	548	914	1,237	2,185	1,861	2,233	2,322	2,858	3,907
Total Preferred & Common Equity	495	548	914	542	931	635	815	691	1,014	1,687
Total Common Equity	495	548	914	542	931	635	815	691	1,014	1,687
Common Stock	495	548	914	542	931	635	815	691	1,031	1,569
Retained Earnings	-	-	-	-	-	-	-	0.00	-17	118
Noncontrolling Interest	-	-	0.00	695	1,254	1,226	1,418	1,631	1,843	2,220

This table presents Viper Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,986	3,020	2,967	3,143	4,013	3,900	4,206
Total Current Assets	124	133	106	262	190	205	320
Cash & Equivalents	12	9.11	13	147	20	35	169
Accounts Receivable	94	83	85	111	165	167	145
Prepaid Expenses	-	-	-	-	4.70	3.47	3.88
Current Deferred & Refundable Income Taxes	-	-	-	-	0.00	0.00	0.00
Other Current Assets	18	41	7.57	4.08	0.00	0.00	2.80
Plant, Property, & Equipment, net	2,811	2,837	2,811	2,777	3,742	3,612	3,761
Plant, Property & Equipment, gross	3,500	3,588	3,596	3,598	4,655	4,573	4,777
Accumulated Depreciation	689	751	785	822	913	962	1,016
Total Noncurrent Assets	51	49	50	104	81	83	125
Noncurrent Deferred & Refundable Income Taxes	50	49	49	49	75	76	75
Other Noncurrent Operating Assets	1.14	0.17	1.24	56	6.26	7.09	50
Total Liabilities & Shareholders' Equity	2,986	3,020	2,967	3,143	4,013	3,900	4,206
Total Liabilities	695	727	681	725	1,148	1,027	871
Total Current Liabilities	25	30	28	47	55	29	44
Accounts Payable	0.02	0.44	0.02	0.20	0.02	0.02	0.03
Accrued Expenses	24	18	18	25	32	22	41
Current Deferred & Payable Income Tax Liabilities	0.00	9.48	1.58	13	14	2.20	1.82
Other Current Liabilities	0.89	2.10	8.35	9.28	8.47	4.77	0.90
Total Noncurrent Liabilities	670	698	653	677	1,094	998	826
Long-Term Debt	670	695	649	676	1,094	998	822
Other Noncurrent Operating Liabilities	0.13	2.38	3.37	1.62	0.00	0.00	4.79
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,291	2,292	2,286	2,419	2,864	2,873	3,336
Total Preferred & Common Equity	724	668	667	714	1,080	1,090	1,401
Total Common Equity	724	668	667	714	1,080	1,090	1,401
Common Stock	724	668	667	714	1,101	1,109	1,430
Retained Earnings	-	-	-	-	-22	-19	-29
Noncontrolling Interest	1,567	1,625	1,619	1,705	1,785	1,784	1,935

This table displays calculated financial ratios and metrics derived from Viper Energy's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	49.22%	5.73%	117.36%	67.89%	3.28%	-15.98%	101.46%	71.61%	-4.47%	3.95%
EBITDA Growth	-36.95%	-131.12%	1,532.69%	77.83%	-4.41%	-104.79%	3,211.94%	126.64%	-10.22%	-2.84%
EBIT Growth	-37.55%	-133.08%	1,457.67%	78.74%	-4.41%	-104.79%	3,211.94%	126.64%	-10.22%	-2.84%
NOPAT Growth	-39.69%	-126.74%	1,846.34%	146.08%	-14.91%	-84.46%	870.42%	99.25%	-20.67%	19.42%
Net Income Growth	-17.60%	-144.63%	1,122.83%	135.81%	-15.85%	-187.43%	232.71%	155.19%	-23.46%	20.41%
EPS Growth	6.90%	-141.94%	923.08%	87.85%	-62.69%	-478.67%	129.93%	135.29%	34.50%	42.01%
Operating Cash Flow Growth	301.13%	357.70%	102.86%	75.62%	-3.19%	-16.96%	56.25%	127.86%	-8.80%	-2.91%
Free Cash Flow Firm Growth	0.00%	-980.65%	-54.25%	-71.83%	-149.92%	145.12%	-152.25%	477.88%	-157.86%	20.64%
Invested Capital Growth	1.71%	24.61%	49.27%	65.31%	70.34%	-13.41%	23.89%	-3.03%	35.92%	26.79%
Revenue Q/Q Growth	52.04%	11.25%	31.26%	1.68%	6.82%	-6.14%	21.53%	4.57%	0.13%	2.87%
EBITDA Q/Q Growth	-14.05%	59.63%	29.12%	3.10%	4.27%	-110.07%	143.30%	5.17%	-2.09%	-0.01%
EBIT Q/Q Growth	-14.27%	58.39%	29.27%	3.45%	4.27%	-110.07%	143.30%	5.17%	-2.09%	-0.01%
NOPAT Q/Q Growth	-18.15%	55.87%	29.48%	42.69%	2.42%	114.62%	75.83%	4.04%	-3.03%	32.70%
Net Income Q/Q Growth	-2.00%	50.94%	30.14%	-0.52%	3.67%	-109.79%	195.06%	4.51%	-3.71%	32.15%
EPS Q/Q Growth	-18.42%	53.57%	17.58%	-6.94%	-25.74%	-15.45%	753.85%	-12.66%	17.98%	64.66%
Operating Cash Flow Q/Q Growth	97.73%	-36.95%	125.19%	10.34%	1.89%	-8.86%	21.38%	12.75%	-6.00%	1.99%
Free Cash Flow Firm Q/Q Growth	0.00%	-67.89%	18.23%	11.74%	-349.14%	150.07%	-157.75%	582.42%	-179.40%	30.12%
Invested Capital Q/Q Growth	-0.02%	10.64%	4.49%	5.04%	39.71%	-5.75%	24.86%	-2.33%	32.82%	24.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	99.65%	99.48%	99.54%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	34.52%	-10.16%	66.98%	70.95%	65.67%	-3.75%	57.88%	76.44%	71.85%	67.15%
Operating Margin	32.56%	-11.76%	66.16%	70.28%	64.88%	21.11%	71.61%	78.54%	74.93%	65.83%
EBIT Margin	34.10%	-10.67%	66.64%	70.95%	65.67%	-3.75%	57.88%	76.44%	71.85%	67.15%
Profit (Net Income) Margin	32.62%	-13.77%	64.80%	91.02%	74.16%	-77.17%	50.84%	75.59%	60.57%	70.16%
Tax Burden Percent	100.00%	100.00%	100.00%	137.98%	123.15%	379.64%	99.41%	105.25%	91.60%	119.79%
Interest Burden Percent	95.65%	129.07%	97.24%	92.97%	91.71%	542.51%	88.35%	93.96%	92.03%	87.22%
Effective Tax Rate	0.00%	0.00%	0.00%	-37.98%	-23.15%	0.00%	0.59%	-5.25%	8.40%	-19.79%
Return on Invested Capital (ROIC)	4.65%	-1.10%	13.86%	21.47%	10.85%	1.43%	13.39%	24.48%	16.72%	15.28%
ROIC Less NNEP Spread (ROIC-NNEP)	5.14%	-7.17%	11.26%	13.95%	7.32%	-39.73%	-2.74%	15.04%	8.45%	8.20%
Return on Net Nonoperating Assets (RNNOA)	0.09%	-0.99%	1.39%	2.97%	2.08%	-10.99%	-0.85%	4.28%	2.64%	2.56%
Return on Equity (ROE)	4.74%	-2.09%	15.25%	24.44%	12.93%	-9.56%	12.54%	28.76%	19.36%	17.85%
Cash Return on Invested Capital (CROIC)	2.96%	-23.01%	-25.67%	-27.76%	-41.19%	15.81%	-7.95%	27.56%	-13.73%	-8.34%
Operating Return on Assets (OROA)	4.78%	-1.41%	13.62%	15.37%	8.82%	-0.36%	10.64%	22.25%	17.25%	12.78%
Return on Assets (ROA)	4.58%	-1.82%	13.24%	19.71%	9.97%	-7.37%	9.34%	22.00%	14.54%	13.35%
Return on Common Equity (ROCE)	4.74%	-2.09%	15.25%	16.55%	5.56%	-3.70%	4.44%	9.51%	6.37%	7.13%
Return on Equity Simple (ROE_SIMPLE)	4.93%	-1.99%	12.20%	48.49%	23.76%	-30.45%	31.50%	94.84%	49.43%	35.78%
Net Operating Profit after Tax (NOPAT)	24	-6.52	114	280	238	37	359	716	568	678
NOPAT Margin	32.56%	-8.24%	66.16%	96.98%	79.90%	14.78%	71.19%	82.66%	68.64%	78.86%
Net Nonoperating Expense Percent (NNEP)	-0.49%	6.07%	2.60%	7.52%	3.53%	41.16%	16.14%	9.44%	8.27%	7.08%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	24.71%	14.42%	13.60%
Cost of Revenue to Revenue	0.35%	0.52%	0.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	7.79%	6.58%	3.66%	2.75%	2.51%	3.26%	1.54%	0.99%	1.28%	2.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	67.09%	111.24%	33.38%	29.72%	35.12%	78.89%	28.39%	21.46%	25.07%	34.17%
Earnings before Interest and Taxes (EBIT)	26	-8.44	115	205	196	-9.39	292	662	595	578
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	26	-8.04	115	205	196	-9.39	292	662	595	578
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.20	5.48
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.20	5.48
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.37	10.75
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	26.36	25.74
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.91%	4.34%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.79%	3.89%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.09	2.52
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.88	14.55
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.75	21.67
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.75	21.67
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	14.39	18.46
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.81	20.21
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.07	0.22	0.10	0.33	0.27	0.30	0.35	0.25	0.38	0.28
Long-Term Debt to Equity	0.07	0.22	0.10	0.33	0.27	0.30	0.35	0.25	0.38	0.28
Financial Leverage	0.02	0.14	0.12	0.21	0.28	0.28	0.31	0.28	0.31	0.31
Leverage Ratio	1.04	1.15	1.15	1.24	1.30	1.30	1.34	1.31	1.33	1.34
Compound Leverage Factor	0.99	1.49	1.12	1.15	1.19	7.04	1.19	1.23	1.23	1.17
Debt to Total Capital	6.51%	18.03%	9.28%	24.94%	21.17%	22.99%	25.81%	19.90%	27.49%	21.70%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	6.51%	18.03%	9.28%	24.94%	21.17%	22.99%	25.81%	19.90%	27.49%	21.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	42.17%	45.25%	50.72%	47.12%	56.27%	46.78%	44.49%
Common Equity to Total Capital	93.49%	81.97%	90.72%	32.89%	33.59%	26.29%	27.07%	23.83%	25.74%	33.81%
Debt to EBITDA	1.34	-14.98	0.81	2.01	3.00	-59.17	2.66	0.87	1.82	1.87
Net Debt to EBITDA	1.29	-13.77	0.60	1.90	2.98	-57.13	2.52	0.84	1.78	1.83
Long-Term Debt to EBITDA	1.34	-14.98	0.81	2.01	3.00	-59.17	2.66	0.87	1.82	1.87
Debt to NOPAT	1.42	-18.49	0.82	1.47	2.46	15.00	2.16	0.81	1.91	1.60
Net Debt to NOPAT	1.37	-17.00	0.61	1.39	2.45	14.49	2.05	0.78	1.86	1.56
Long-Term Debt to NOPAT	1.42	-18.49	0.82	1.47	2.46	15.00	2.16	0.81	1.91	1.60
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.56	5.40
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	32.31%	56.95%	61.29%	64.58%	66.94%	67.08%	60.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	125.10	10.88	9.85	10.83	5.41	1.20	4.54	5.41	4.32	4.89
Quick Ratio	91.72	10.57	8.87	10.21	5.38	1.14	4.41	4.83	4.15	4.25
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	16	-137	-211	-362	-905	408	-213	806	-466	-370
Operating Cash Flow to CapEx	34.15%	33.36%	40.46%	39.80%	44.61%	725.73%	109.22%	0.00%	70.26%	101.81%
Free Cash Flow to Firm to Interest Expense	13.97	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	13.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-26.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.13	0.20	0.22	0.13	0.10	0.18	0.29	0.24	0.19
Accounts Receivable Turnover	0.00	7.55	8.76	8.95	5.55	4.97	10.02	11.07	8.28	5.89
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.16	0.14	0.23	0.24	0.15	0.10	0.19	0.31	0.25	0.20
Accounts Payable Turnover	47.09	0.47	0.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	48.32	41.66	40.81	65.76	73.45	36.43	32.96	44.08	61.98
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	7.75	784.97	1,096.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-7.75	-736.65	-1,054.73	40.81	65.76	73.45	36.43	32.96	44.08	61.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	529	659	983	1,625	2,769	2,397	2,970	2,880	3,915	4,963
Invested Capital Turnover	0.14	0.13	0.21	0.22	0.14	0.10	0.19	0.30	0.24	0.19
Increase / (Decrease) in Invested Capital	8.86	130	325	642	1,143	-371	573	-90	1,035	1,049
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8,174	12,522
Market Capitalization	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5,274	9,245
Book Value per Share	$6.21	$6.24	$8.03	$10.49	$14.86	$9.36	$10.30	$4.19	$5.70	$8.95
Tangible Book Value per Share	$6.21	$6.24	$8.03	$10.49	$14.86	$9.36	$10.30	$4.19	$5.70	$8.95
Total Capital	530	668	1,007	1,648	2,772	2,416	3,010	2,898	3,941	4,990
Total Debt	35	121	94	411	587	556	777	577	1,083	1,083
Total Long-Term Debt	35	121	94	411	587	556	777	577	1,083	1,083
Net Debt	33	111	69	388	583	537	737	559	1,057	1,056
Capital Expenditures (CapEx)	44	206	344	614	531	27	281	-48	908	609
Debt-free, Cash-free Net Working Capital (DFCFNWC)	9.76	12	26	37	56	-10	47	78	84	162
Debt-free Net Working Capital (DFNWC)	11	21	50	59	59	9.10	87	97	110	189
Net Working Capital (NWC)	11	21	50	59	59	9.10	87	97	110	189
Net Nonoperating Expense (NNE)	-0.04	4.38	2.34	17	17	230	103	61	67	75
Net Nonoperating Obligations (NNO)	33	111	69	388	583	537	737	559	1,057	1,056
Total Depreciation and Amortization (D&A)	0.31	0.40	0.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	13.04%	14.59%	14.89%	12.65%	18.65%	-4.00%	9.36%	9.06%	10.20%	18.89%
Debt-free Net Working Capital to Revenue	14.42%	26.86%	28.96%	20.51%	19.86%	3.63%	17.17%	11.16%	13.32%	22.01%
Net Working Capital to Revenue	14.42%	26.86%	28.96%	20.51%	19.86%	3.63%	17.17%	11.16%	13.32%	22.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.31	($0.13)	$1.07	$2.01	$0.75	($2.84)	$0.85	$2.00	$2.69	$3.82
Adjusted Weighted Average Basic Shares Outstanding	79.72M	83.08M	104.32M	71.55M	61.74M	67.69M	68.32M	75.61M	74.18M	93.93M
Adjusted Diluted Earnings per Share	$0.31	($0.13)	$1.07	$2.01	$0.75	($2.84)	$0.85	$2.00	$2.69	$3.82
Adjusted Weighted Average Diluted Shares Outstanding	79.73M	83.08M	104.38M	71.63M	61.79M	67.69M	68.39M	75.68M	74.18M	93.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	79.72M	83.08M	104.32M	71.55M	61.74M	67.69M	68.32M	75.61M	176.85M	219.14M
Normalized Net Operating Profit after Tax (NOPAT)	19	27	80	142	135	85	359	476	568	396
Normalized NOPAT Margin	25.99%	33.75%	46.31%	49.20%	45.42%	34.11%	71.19%	54.97%	68.64%	46.08%
Pre Tax Income Margin	32.62%	-13.77%	64.80%	65.96%	60.22%	-20.33%	51.14%	71.83%	66.12%	58.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	23.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	21.96	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-16.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-17.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	280.74%	-594.77%	117.40%	96.41%	108.62%	-55.82%	68.81%	63.65%	64.78%	79.69%
Augmented Payout Ratio	280.74%	-599.78%	117.79%	96.41%	108.62%	-68.24%	68.81%	86.65%	83.77%	79.69%

This table displays calculated financial ratios and metrics derived from Viper Energy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	73.13%	22.82%	-16.32%	-32.82%	32.32%	0.53%	21.56%	34.78%	-28.53%	11.72%
EBITDA Growth	110.97%	25.55%	-23.49%	-46.96%	37.63%	-7.66%	22.67%	54.67%	-40.44%	0.98%
EBIT Growth	110.97%	25.55%	-23.49%	-46.96%	37.63%	-7.66%	22.67%	54.67%	-40.44%	0.98%
NOPAT Growth	144.13%	22.43%	-28.90%	-44.56%	-1.32%	-11.37%	11.63%	32.44%	-46.68%	120.12%
Net Income Growth	186.07%	24.14%	-31.06%	-53.43%	-1.38%	-13.30%	12.81%	52.91%	-47.38%	116.63%
EPS Growth	307.69%	-50.88%	113.64%	-4.55%	4.72%	146.43%	4.26%	47.62%	-53.15%	217.39%
Operating Cash Flow Growth	206.07%	73.63%	-21.05%	-10.88%	11.91%	-21.85%	7.65%	-1.47%	-15.33%	8.31%
Free Cash Flow Firm Growth	-235.76%	154.48%	115.43%	128.55%	163.59%	-468.70%	-1,427.10%	-751.08%	-517.83%	16.66%
Invested Capital Growth	23.97%	-3.03%	1.62%	-0.62%	-0.05%	35.92%	32.20%	31.26%	35.32%	26.79%
Revenue Q/Q Growth	-7.40%	-8.12%	-17.02%	-4.84%	82.38%	-30.19%	0.33%	5.51%	-3.29%	9.12%
EBITDA Q/Q Growth	-7.02%	-8.26%	-33.08%	-7.32%	141.27%	-38.45%	-11.64%	16.86%	-7.10%	4.36%
EBIT Q/Q Growth	-7.02%	-8.26%	-33.08%	-7.32%	141.27%	-38.45%	-11.64%	16.86%	-7.10%	4.36%
NOPAT Q/Q Growth	21.70%	-30.91%	-28.11%	-8.29%	116.62%	-37.94%	-9.45%	8.81%	-12.78%	156.17%
Net Income Q/Q Growth	22.42%	-30.87%	-39.23%	-9.44%	159.24%	-39.23%	-20.93%	22.75%	-10.78%	150.17%
EPS Q/Q Growth	140.91%	-73.58%	67.86%	-10.64%	164.29%	-37.84%	-28.99%	26.53%	-16.13%	321.15%
Operating Cash Flow Q/Q Growth	31.28%	-12.91%	-42.51%	35.60%	64.85%	-39.18%	-20.82%	24.12%	41.66%	-22.20%
Free Cash Flow Firm Q/Q Growth	17.05%	170.07%	-74.15%	90.06%	84.71%	-506.26%	6.95%	6.75%	-18.54%	18.97%
Invested Capital Q/Q Growth	0.28%	-2.33%	3.41%	-1.88%	0.85%	32.82%	0.59%	-2.58%	3.97%	24.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	78.71%	78.59%	63.54%	61.88%	81.87%	72.18%	64.12%	71.02%	68.22%	65.24%
Operating Margin	78.23%	78.08%	72.40%	69.72%	82.80%	69.86%	67.64%	68.55%	64.68%	62.68%
EBIT Margin	78.71%	78.59%	63.54%	61.88%	81.87%	72.18%	64.12%	71.02%	68.22%	65.24%
Profit (Net Income) Margin	94.80%	71.33%	52.24%	49.71%	70.66%	61.52%	48.48%	56.40%	52.03%	119.28%
Tax Burden Percent	128.35%	96.71%	90.37%	90.44%	90.45%	95.30%	88.82%	90.38%	86.38%	209.27%
Interest Burden Percent	93.85%	93.85%	90.98%	88.82%	95.43%	89.43%	85.13%	87.87%	88.29%	87.36%
Effective Tax Rate	-28.35%	3.29%	9.63%	9.56%	9.55%	4.70%	11.18%	9.62%	13.62%	-109.27%
Return on Invested Capital (ROIC)	31.24%	22.37%	18.46%	16.24%	21.00%	16.22%	15.01%	16.87%	13.48%	25.42%
ROIC Less NNEP Spread (ROIC-NNEP)	29.13%	21.05%	15.21%	12.95%	18.91%	14.94%	12.31%	15.36%	12.11%	22.85%
Return on Net Nonoperating Assets (RNNOA)	8.30%	5.99%	4.61%	3.71%	4.77%	4.66%	4.20%	4.76%	2.49%	7.14%
Return on Equity (ROE)	39.53%	28.36%	23.07%	19.95%	25.76%	20.88%	19.21%	21.63%	15.96%	32.56%
Cash Return on Invested Capital (CROIC)	4.43%	27.56%	21.15%	20.87%	19.92%	-13.73%	-10.93%	-8.87%	-15.27%	-8.34%
Operating Return on Assets (OROA)	23.85%	22.87%	17.59%	15.73%	22.08%	17.33%	15.76%	19.03%	15.53%	12.42%
Return on Assets (ROA)	28.73%	20.76%	14.46%	12.64%	19.06%	14.77%	11.91%	15.11%	11.84%	22.70%
Return on Common Equity (ROCE)	12.46%	9.37%	7.31%	6.14%	7.87%	6.87%	6.51%	7.36%	5.87%	13.00%
Return on Equity Simple (ROE_SIMPLE)	86.58%	0.00%	92.14%	78.50%	72.91%	0.00%	47.49%	50.92%	32.60%	0.00%
Net Operating Profit after Tax (NOPAT)	223	154	111	101	220	136	123	134	117	300
NOPAT Margin	100.41%	75.51%	65.42%	63.05%	74.89%	66.57%	60.08%	61.96%	55.87%	131.17%
Net Nonoperating Expense Percent (NNEP)	2.11%	1.31%	3.24%	3.28%	2.09%	1.28%	2.71%	1.51%	1.36%	2.57%
Return On Investment Capital (ROIC_SIMPLE)	-	5.30%	-	-	-	3.46%	-	-	-	6.01%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.97%	1.26%	1.64%	1.25%	0.64%	1.93%	2.50%	2.12%	2.20%	1.88%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.77%	22.00%	27.60%	30.28%	17.20%	30.14%	32.36%	31.45%	35.32%	37.32%
Earnings before Interest and Taxes (EBIT)	174	160	107	100	240	148	132	154	143	149
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	174	160	107	100	240	148	132	154	143	149
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	5.20	6.15	6.01	5.70	5.48
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	5.20	6.15	6.01	5.70	5.48
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	6.37	7.68	7.12	9.54	10.75
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	26.36	31.70	27.76	38.70	25.74
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.91%	1.50%	3.11%	3.97%	4.34%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	3.79%	3.15%	3.60%	2.58%	3.89%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	2.09	2.41	2.42	2.65	2.52
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	9.88	10.99	10.10	12.63	14.55
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	13.75	15.31	13.77	18.29	21.67
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	13.75	15.31	13.77	18.29	21.67
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	14.39	16.34	15.14	20.67	18.46
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	12.81	14.70	14.43	17.39	20.21
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.29	0.25	0.30	0.28	0.28	0.38	0.38	0.35	0.25	0.28
Long-Term Debt to Equity	0.29	0.25	0.30	0.28	0.28	0.38	0.38	0.35	0.25	0.28
Financial Leverage	0.28	0.28	0.30	0.29	0.25	0.31	0.34	0.31	0.21	0.31
Leverage Ratio	1.32	1.31	1.33	1.30	1.30	1.33	1.36	1.33	1.28	1.34
Compound Leverage Factor	1.24	1.23	1.21	1.16	1.24	1.19	1.16	1.17	1.13	1.17
Debt to Total Capital	22.62%	19.90%	23.27%	22.12%	21.84%	27.49%	27.63%	25.78%	19.76%	21.70%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	22.62%	19.90%	23.27%	22.12%	21.84%	27.49%	27.63%	25.78%	19.76%	21.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	52.93%	56.27%	54.38%	55.16%	55.09%	46.78%	45.09%	46.07%	46.54%	44.49%
Common Equity to Total Capital	24.45%	23.83%	22.35%	22.72%	23.08%	25.74%	27.28%	28.15%	33.70%	33.81%
Debt to EBITDA	1.06	0.87	1.10	1.20	1.11	1.82	1.76	1.48	1.42	1.87
Net Debt to EBITDA	1.04	0.84	1.09	1.17	0.87	1.78	1.73	1.43	1.13	1.83
Long-Term Debt to EBITDA	1.06	0.87	1.10	1.20	1.11	1.82	1.76	1.48	1.42	1.87
Debt to NOPAT	0.97	0.81	1.03	1.09	1.15	1.91	1.88	1.63	1.61	1.60
Net Debt to NOPAT	0.96	0.78	1.02	1.07	0.90	1.86	1.85	1.57	1.28	1.56
Long-Term Debt to NOPAT	0.97	0.81	1.03	1.09	1.15	1.91	1.88	1.63	1.61	1.60
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	3.19	3.83	4.24	5.88	5.12
Noncontrolling Interest Sharing Ratio	68.49%	66.94%	68.29%	69.22%	69.47%	67.08%	66.12%	65.95%	63.24%	60.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.96	5.41	4.48	3.77	5.52	4.32	3.46	7.06	7.24	4.89
Quick Ratio	4.22	4.83	3.10	3.50	5.43	4.15	3.37	6.94	7.09	4.25
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-348	244	63	120	221	-898	-836	-779	-924	-749
Operating Cash Flow to CapEx	0.00%	0.00%	91.99%	1,846.91%	458.44%	19.93%	567.42%	0.00%	82.90%	37.14%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.30	0.29	0.28	0.25	0.27	0.24	0.25	0.27	0.23	0.19
Accounts Receivable Turnover	10.14	11.07	9.18	7.27	8.05	8.28	6.96	7.31	6.53	5.89
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.32	0.31	0.29	0.27	0.30	0.25	0.26	0.29	0.26	0.20
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	35.98	32.96	39.75	50.18	45.36	44.08	52.41	49.96	55.88	61.98
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	35.98	32.96	39.75	50.18	45.36	44.08	52.41	49.96	55.88	61.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,949	2,880	2,978	2,923	2,947	3,915	3,938	3,836	3,988	4,963
Invested Capital Turnover	0.31	0.30	0.28	0.26	0.28	0.24	0.25	0.27	0.24	0.19
Increase / (Decrease) in Invested Capital	570	-90	48	-18	-1.49	1,035	959	914	1,041	1,049
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	8,174	9,499	9,293	10,566	12,522
Market Capitalization	0.00	0.00	0.00	0.00	0.00	5,274	6,641	6,547	7,979	9,245
Book Value per Share	$4.36	$4.19	$9.19	$4.10	$4.42	$5.70	$12.33	$6.16	$7.92	$8.95
Tangible Book Value per Share	$4.36	$4.19	$9.19	$4.10	$4.42	$5.70	$12.33	$6.16	$7.92	$8.95
Total Capital	2,961	2,898	2,988	2,936	3,094	3,941	3,958	3,871	4,157	4,990
Total Debt	670	577	695	649	676	1,083	1,094	998	822	1,083
Total Long-Term Debt	670	577	695	649	676	1,083	1,094	998	822	1,083
Net Debt	658	559	686	636	529	1,057	1,074	963	653	1,056
Capital Expenditures (CapEx)	-29	-54	117	7.87	52	732	20	-82	245	425
Debt-free, Cash-free Net Working Capital (DFCFNWC)	88	78	94	65	68	84	115	141	107	162
Debt-free Net Working Capital (DFNWC)	99	97	103	78	215	110	135	176	276	189
Net Working Capital (NWC)	99	97	103	78	215	110	135	176	276	189
Net Nonoperating Expense (NNE)	12	8.52	22	21	12	10	24	12	8.06	27
Net Nonoperating Obligations (NNO)	658	559	686	636	529	1,057	1,074	963	653	1,056
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	10.57%	9.06%	11.32%	8.56%	8.21%	10.20%	13.30%	15.33%	12.83%	18.89%
Debt-free Net Working Capital to Revenue	11.97%	11.16%	12.42%	10.29%	25.97%	13.32%	15.62%	19.16%	33.00%	22.01%
Net Working Capital to Revenue	11.97%	11.16%	12.42%	10.29%	25.97%	13.32%	15.62%	19.16%	33.00%	22.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.06	$0.28	$0.47	$0.42	$1.11	$0.69	$0.49	$0.62	$0.52	$2.19
Adjusted Weighted Average Basic Shares Outstanding	74.94M	75.61M	72.73M	71.77M	70.93M	74.18M	87.54M	91.42M	93.70M	93.93M
Adjusted Diluted Earnings per Share	$1.06	$0.28	$0.47	$0.42	$1.11	$0.69	$0.49	$0.62	$0.52	$2.19
Adjusted Weighted Average Diluted Shares Outstanding	74.94M	75.68M	72.82M	71.77M	70.93M	74.18M	87.63M	91.42M	93.75M	93.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	74.94M	75.61M	72.73M	71.77M	70.93M	176.85M	176.86M	176.88M	188.41M	219.14M
Normalized Net Operating Profit after Tax (NOPAT)	121	154	111	101	220	136	123	134	117	100
Normalized NOPAT Margin	54.76%	75.51%	65.42%	63.05%	74.89%	66.57%	60.08%	61.96%	55.87%	43.88%
Pre Tax Income Margin	73.86%	73.76%	57.81%	54.97%	78.12%	64.55%	54.58%	62.40%	60.23%	57.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	63.55%	63.65%	68.71%	70.57%	56.73%	64.78%	68.46%	72.61%	100.93%	79.69%
Augmented Payout Ratio	63.55%	86.65%	68.71%	70.57%	56.73%	83.77%	68.46%	72.61%	100.93%	79.69%

Frequently Asked Questions About Viper Energy's Financials

When does Viper Energy's financial year end?

According to the most recent income statement we have on file, Viper Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Viper Energy's net income changed over the last 9 years?

Viper Energy's net income appears to be on an upward trend, with a most recent value of $603.65 million in 2024, rising from $24.42 million in 2015. The previous period was $501.34 million in 2023.

What is Viper Energy's operating income?

Viper Energy's total operating income in 2024 was $566.40 million, based on the following breakdown:

Total Gross Profit: $860.39 million
Total Operating Expenses: $293.99 million

How has Viper Energy revenue changed over the last 9 years?

Over the last 9 years, Viper Energy's total revenue changed from $74.86 million in 2015 to $860.39 million in 2024, a change of 1,049.3%.

How much debt does Viper Energy have?

Viper Energy's total liabilities were at $1.16 billion at the end of 2024, a 4.1% increase from 2023, and a 3,259.1% increase since 2015.

How much cash does Viper Energy have?

In the past 9 years, Viper Energy's cash and equivalents has ranged from $539 thousand in 2015 to $39.45 million in 2021, and is currently $26.85 million as of their latest financial filing in 2024.

How has Viper Energy's book value per share changed over the last 9 years?

Over the last 9 years, Viper Energy's book value per share changed from 6.21 in 2015 to 8.95 in 2024, a change of 44.2%.

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This page (NASDAQ:VNOM) was last updated on 4/14/2025 by MarketBeat.com Staff

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Viper Energy (VNOM) Financials

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Viper Energy (VNOM) Financials

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