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Viper Energy Partners LP VNOM
$ 44.61 2.65%
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Quarterly report 2025-Q2
added 05-23-2026

Viper Energy Partners LP Income Statement 2024-2011 | VNOM

Brief overview of income trends at Viper Energy Partners LP

The comparison covers a five-year financial horizon. Viper Energy Partners LP reported revenue of $298 million in 2019 and $860 million by 2024. The cumulative result was +188.4%, corresponding to roughly 23.6% per year. This pace points to rapid expansion of the business.

The operating result measured by EBITDA moved from 272 million dollars to 566 million dollars, or +108.5%. The operating result developed less favorably than sales. The EBITDA share of revenue changed from 91.1% to 65.8%. Cost pressure reduced operating profitability.

Over the period, net income shifted from $46.3 million to $359 million (+676.2%). Net profit ended the five years at a local peak.

Market value was $1.4 billion at the start and $4.2 billion at the end. The valuation did not keep pace with the reported progress.

What the figures show

The financial profile remains mixed, with strengths and risks moving in different directions. The strongest signals are a stronger final result and revenue expansion. Caution is warranted because of a declining EBITDA margin. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.

Annual Income Statement Viper Energy Partners LP

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

4.2 B 2.71 B 2.25 B 2.01 B - 1.41 B 2.22 B 2.53 B 1.33 B 1.16 B 1.37 B - - -

Shares

93.9 M 74.2 M 75.6 M 68.3 M - 61.8 M 71.6 M 104 M 83.1 M 79.7 M 78.1 M - - -

Historical Prices

44.7 36.5 29.8 29.4 15.3 16.7 28.9 18.5 13.6 10.8 13.1 - - -

Net Income

359 M 200 M 152 M 57.9 M -192 M 46.3 M 144 M 111 M -10.9 M 24.4 M 29.6 M - - -

Revenue

860 M 828 M 866 M 505 M 251 M 298 M 289 M 172 M 79.1 M 74.9 M 77.8 M - - -

Cost of Revenue

- - - - - - - 789 K - - - - - -

Gross Profit

- - - - - 279 M 270 M 161 M 73.6 M 69.3 M 72.4 M - - -

Operating Income

566 M 620 M 680 M 362 M 52.9 M 194 M 203 M 114 M -9.31 M 24.4 M 40.4 M - - -

Interest Expense

- 259 K 1 K 34 M 1.29 M 2.33 M 1.92 M 3.16 M 2.46 M 1.11 M 487 K - - -

EBITDA

566 M 620 M 680 M 362 M 52.9 M 272 M 262 M 154 M 20.5 M 59.8 M 68 M - - -

Operating Expenses

294 M 207 M 186 M 143 M 198 M 7.13 M 7.82 M 7.08 M 5.62 M 6.09 M 4.37 M - - -

General and Administrative Expenses

- - - 7.8 M 8.16 M 7.49 M 7.96 M 7.08 M 5.62 M 6.09 M 4.37 M - - -

All numbers in USD currency

Quarterly Income Statement Viper Energy Partners LP

2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

131 M 121 M 93.7 M 91.4 M 87.5 M 70.9 M 71.8 M 72.7 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Net Income

37 M 75 M 48.9 M 57 M 43 M 78.6 M 30.6 M 34 M - 79.3 M 34 M 128 M - 16.8 M 42.4 M 23.9 M - -764 K -21.8 M -142 M 2.29 M 7.95 M 2.26 M 33.8 M -688 K 2.35 M 99.4 M 42.9 M - 26.6 M 22.1 M - - - - - - - - - - - - - - - - - - - - - - - - -

Revenue

297 M 245 M 210 M 216 M 205 M 293 M 161 M 169 M - 222 M 239 M 202 M - 128 M 114 M 97 M - 62.9 M 32.7 M 78.7 M 92.7 M 71.8 M 72.2 M 61.6 M 73.7 M 77.7 M 75.3 M 62.2 M 59.2 M 42.5 M 36.6 M 33.7 M - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

135 M 155 M 136 M 148 M 139 M 243 M 112 M 122 M - 173 M 189 M 159 M - 92.3 M 79.9 M 63.2 M - 31.3 M 5.09 M 45.2 M 57.4 M 46.6 M 49.6 M 40 M 49.5 M 54.8 M 54.9 M 43.7 M 42.8 M 27.1 M 22.5 M 21.4 M 16.9 M 10.6 M -13.7 M -23.1 M 5.12 M 6.54 M 7.95 M 4.76 M 10.5 M 11.2 M 9.5 M 9.22 M 8.73 M 8.73 M - - - - - - - - - -

Interest Expense

- - - - 258 K 256 K 1 K 141 K - 162 K 32 K 6 K - - 39 K 38 K - 188 K 519 K 404 K - 553 K 547 K 656 K - 640 K 447 K 2.1 M - 859 K 643 K 612 K - 658 K 456 K 430 K - 358 K 207 K 168 K - 317 K - - - - - - - - - - - - - -

EBITDA

135 M 155 M 136 M 148 M 139 M 243 M 112 M 122 M - 173 M 189 M 159 M - 92.3 M 79.9 M 63.2 M - 31.3 M 5.09 M 45.2 M 57.4 M 46.6 M 49.6 M 40 M 49.5 M 54.8 M 54.9 M 43.7 M 42.8 M 27.1 M 22.5 M 21.4 M 16.9 M 10.6 M -13.7 M -23.1 M 5.12 M 6.54 M 7.95 M 4.76 M 10.5 M 11.2 M 9.5 M 9.22 M 8.73 M 8.73 M - - - - - - - - - -

Operating Expenses

162 M 90 M 74 M 68 M 66 M 50.4 M 48.7 M 46.6 M - 48.2 M 49.9 M 43.2 M - 35.7 M 34.3 M 33.8 M - 31.6 M 27.6 M 33.5 M - 25.2 M 22.6 M 21.6 M - 22.9 M 20.3 M 18.5 M - 15.5 M 14.1 M 12.2 M - 9.4 M 30.7 M 37.3 M - 12.2 M 11.7 M 11.8 M - 11.6 M 14.4 M 6.63 M 6.26 M 6.26 M - - - - - - - - - -

General and Administrative Expenses

- - - - 5.03 M - 2.01 M 2.76 M - 2.14 M 1.88 M 1.95 M - 1.74 M 2.16 M 2.22 M - 1.81 M 1.68 M 2.67 M - 1.8 M 1.72 M 1.7 M - 1.31 M 2.21 M 2.71 M - 1.37 M 1.55 M 2.14 M - 1.15 M 1.21 M 1.75 M - 1.64 M 1.31 M 1.55 M - 1.25 M 219 K 66 K - - - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Viper Energy Partners LP (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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