Viper Energy (VNOM)
Collects Permian oil and gas royalties without operating or funding wells.
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Owns Permian-centered mineral and royalty interests that generate revenue from oil, natural gas, and natural gas liquids without funding drilling or well operations. The single-segment business expands through acquisitions and Diamondback asset drop-downs, while operators control development and production.
Owns mineral and royalty interests tied to oil, natural gas, and natural gas liquids, with the portfolio concentrated in the Permian Basin. Revenue comes from contractual shares of production sold from those properties rather than from operating wells.
Expands its single business through Diamondback asset drop-downs and third-party acquisitions. The royalty model captures production income without funding drilling capital or lease operating costs, while Diamondback supplies all personnel under a services and secondment agreement.
Commodity prices shape royalty receipts and reserve values. Diamondback and other operators control development timing, drilling pace, completion design, and production, making operator activity a direct business dependency.
Company facts
Unavailable right now.
Unavailable right now.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $77.0M · Total debt $1.68B · Total assets $12.06B · Shareholders' equity $5.04B
- Revenue
- $658.0M
- Operating income
- $409.0M
- Net income
- $142.0M
HistoryDividendAnnual yield
| Institutions | 55.35% | 199.26M shares | |
|---|---|---|---|
| 508 holders · as of Jun 30, 2026 | |||
| Insiders | 0.09% | 315.8K shares | |
| 11 holders · as of Aug 19, 2025 | |||
| Other | 44.56% | 160.45M shares | |
| remainder | |||
360.03M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Capital World InvestorsInstitution | 7.35% | 26.47M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.34% | 19.23M | as of Jun 30, 2026 |
Kimmeridge Energy Management Company, LLCInstitution | 4.36% | 15.68M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 2.52% | 9.07M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 2.48% | 8.94M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 19, 2026 | Diamondback Energy, Inc. | 10 percent owner, other: Director by Deputization | −510,071 | $45.69 |
| Mar 4, 2026 | Diamondback Energy, Inc. | 10 percent owner, other: Director by Deputization | −12,391,304 | $45.69 |
- Kimbell Royalty Partners
Listed royalty aggregator with broad Permian acquisition overlap
- Texas Pacific Land
Permian royalty heavyweight with a large land and water platform
- Black Stone Minerals
Large U.S. mineral owner overlapping in royalties and acquisitions
- Dorchester Minerals
Listed royalty partnership with Permian and national overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Viper Energy | $41.29 | −1.04% | $15.02B | 320.9 | 16.7 | 7.6 | +128.0% |
| Kimbell Royalty Partners | $14.37 | −0.52% | $1.42B | 22.1 | 13.3 | 3.9 | +30.0% |
| Texas Pacific Land | $360.93 | −1.60% | $25.30B | 46.8 | 35.8 | 28.2 | +31.2% |
| Black Stone Minerals | $14.84 | −0.17% | $3.16B | 12.3 | 14.2 | 6.5 | +39.6% |
| Dorchester Minerals | $29.18 | −0.82% | $1.42B | 16.3 | — | 7.4 | +73.1% |
| Median | 19.2 | 14.2 | 7.0 | +35.4% |