Viper Energy (VNOM)
Energy · Oil and natural gas royalty companies
Viper Energy is a pure-play mineral and royalty company that generates cash flow from proved and unproved oil and natural gas properties across premium basins in North America.
What Viper Energy does
Viper Energy is an oil and natural gas royalty company that owns and operates mineral and royalty interests across multiple producing properties in the United States. The company generates revenue from oil, natural gas, and natural gas liquids production on acreage it does not operate, as well as lease bonus income. Viper collects royalty payments from operators who develop and produce on its mineral interests. The company focuses on maintaining and replacing its reserve base while distributing cash to unitholders as quarterly dividends.
Themes: ["oil and gas royalties","mineral acreage portfolio","upstream energy cash flow","reserve replacement","dividend distributions"]
Fundamentals
- Price$42.56 as of 2026-07-09 close
- Market cap$15.0B as of 2026-07-09
- 1-year return+13.6% as of 2026-07-09 close
- Net margin-2.8% as of 2026-07-09
- Gross margin+93.3% as of 2026-07-09
- ROE-1.1% as of 2026-07-09
- Debt / equity0.31 as of 2026-07-09
- Revenue growth (YoY)+84.6% as of 2026-07-09
- Revenue CAGR (3y)+29.8% SEC XBRL
- Beta0.40 as of 2026-07-09
Dividend: yield +4.9%; pays a dividend.
Key risks (from latest filing)
["Dependence on a small number of operators for the majority of development and production activities on the company's acreage; failure or underperformance by these operators could materially reduce revenue and reserves","Commodity price volatility affecting oil and natural gas prices directly impacts royalty income and cash available for distribution; approximately 22% of proved reserves are unproven and may require higher capital expenditures or may not be developed economically","Limited cash reinvestment capacity due to dividend policy constraints; potential inability to fund acquisitions or capital expenditures necessary to replace reserves if financing sources become unavailable or restrictive"]
Fundamentals: Finnhub, as of 2026-07-09. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.