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VNOMViper Energy, Inc.
$40.77$14.7B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
VNOM logo

Viper Energy, Inc.

VNOM
NASDAQ · Midstream Oil & Gas
$40.77
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$14.68B
P/E-84.9x
52W High$51.13
Volume2.3M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Acquisition-Driven Growth Masks Earnings Volatility

Viper Energy's aggressive inorganic expansion has propelled revenue to $658M in 2026Q2, a 129.3% YoY surge, while maintaining a fortress balance sheet with a debt-to-equity of 0.16. However, the company's net margin has been negative in two of the last four qu...

GrowthAccelerating
ProfitabilityStable
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

VNOM price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-466% Peers

P/E is 466% below peer median

03

Market leadership

RS 46 · Lag

Laggard (Underperforming 54% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 3
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue surged 129.3% YoY to $658M in 2026Q2, yet gross margin contracted to 63.8% from 70.4% in 2024Q2, and net margin swung from -24.4% in 2025Q4 to 21.6% in 2026Q2, indicating volatility.

Analyst Consensus+33.8% target
Buy(42 analysts)
37 Buy5 Hold0 Sell

The Bull Case

Upside Catalysts

Bullish analyst thesis

Multiple bullish investment theses on Viper Energy, Inc. (VNOM) have been highlighted, suggesting positive sentiment among analysts.

Strong valuation multiples

VNOM's trailing and forward P/E ratios indicate potential undervaluation or growth expectations, with trailing P/E at 15.49 and forward P/E at 55.25.

Energy sector positioning

Viper Energy operates in the Oil & Gas Midstream sector, which may benefit from favorable industry trends and demand dynamics.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
VNOM+9.95%
S&P 500 (^GSPC)+13.20%
1-Year Return
VNOM+15.75%
S&P 500 (^GSPC)+15.98%
3-Year Return
VNOM+73.51%
S&P 500 (^GSPC)+78.56%
5-Year Return
VNOM+155.23%
S&P 500 (^GSPC)+70.52%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-84.9x
Forward P/E
15.8x
EV/EBITDA100th %ile
14.2x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-84.9x
15.9x
0th· Low
EV/EBITDA
14.2x
4.7x
100th· High
Price/FCF
N/A
56.2x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$172.28+322.6%
Base (Fair)$262.00+519.8%
Bull$530.36+1200.9%
$172.28 Bear$262.00 Base$530.36 Bull
Current Market Price: $40.77
Trades at a 84.4% discount to Base DCF ($262.00)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.35B+56.6% YoY
Net income
-$68M-118.9% YoY
Free cash flow
-$1.37B-1689.0% YoY
Operating margin
43%-22.9 pts YoY
ROIC (TTM)5%
Avg ROIC 5Y-
ROE (TTM)-1%
Piotroski Score3 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (91%)
Revenue Beat Rate7/12 (64%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 3, 2026
$0.76-0.5%
vs $0.76
$677M+5.2%
vs $643M
Q2 2026
May 4, 2026
$0.55+27.8%
vs $0.43
$511M+2.2%
vs $500M
Q1 2026
Feb 23, 2026
$0.31+6.7%
vs $0.29
$435M+2.9%
vs $423M
Q4 2025
Nov 3, 2025
$0.40+5.3%
vs $0.38
$418M+3.6%
vs $404M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Fool - Investing News·Sep 15, 2026
Bloom Energy vs. Diamondback Energy: Which Industrials Stock Is a Better Buy in 2026?

Bloom Energy is doubling its revenue on the back of AI data center demand. Diamondback is generating extraordinary free cash flow, paying a growing dividend, and quietly positioning itself at the intersection of oil and AI infrastructure.

Seeking Alpha·Sep 6, 2026
5 Stocks I Want If Oil Hits $100

Energy remains my top sector for 2026, with structural underweighting in the S&P 500 and compelling long-term rotation potential. Oil market dynamics are complex: inventory drawdowns, geopolitical risks, and inflation sensitivity create both upside and macroeconomic hazards. My preferred energy picks—TPL, VNOM, CNQ, CVX, and WBI—offer high margins, inflation protection, and resilience across oil price scenarios.

247 Wallst·Sep 3, 2026
Here Are Thursday’s Top Wall Street Analyst Research Calls: Broadcom, Deere & Company, Dell Technologies, Devon Energy, Moderna, Permian Resources, PG&E, Thermo Fisher, Viper Energy, and More

Markets wobble heading into the Labor Day weekend as bond vigilantes push back against Washington, oil stays tense with Middle East strikes escalating, and Wall Street analysts make bold calls on names ranging from Broadcom to Moderna that could reshape your portfolio positioning.

Zacks Investment Research·Sep 2, 2026
Why Is Viper Energy (VNOM) Up 7.2% Since Last Earnings Report?

Viper Energy (VNOM) reported earnings 30 days ago. What's next for the stock?

Filtered for Viper Energy, Inc.More Headlines
04

Compare before deciding

Benchmark VNOM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Viper Energy, Inc. (VNOM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VNOM logoVNOMViper Energy, Inc.Current
$40.77$14.68B-84.9456.56%-5.05%-0.95%5.64%
DMLP logoDMLPDorchester Minerals, L.P.
$29.10$1.4B24.25-5.38%45.68%28.58%—
BSM logoBSMBlack Stone Minerals, L.P.
$14.76$3.14B11.53-3.89%58.63%25.56%—
TPL logoTPLTexas Pacific Land Corporation
$355.24$24.5B50.9713.09%60.32%35.77%—
NRP logoNRPNatural Resource Partners L.P.
$109.76$1.45B10.93-17.42%54%16.56%—
FANG logoFANGDiamondback Energy, Inc.
$184.50$51.9B32.2036.31%9.27%3.62%—

Compare VNOM vs Peers

Viper Energy, Inc. (VNOM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DMLP

Most directly comparable listed peer for VNOM.

Scale Benchmark

vs SLB

Larger-name benchmark to compare VNOM against a more recognizable public peer.

Peer Set

Compare Top 5

vs DMLP, BSM, TPL, NRP

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

VNOM SEC Filings & Documents

Viper Energy, Inc. (VNOM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 3, 2026·SEC

Material company update

Aug 19, 2025·SEC

Material company update

Aug 4, 2025·SEC

10-K Annual Reports

2
FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

Get notified when VNOM posts new earnings or crosses analyst targets

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VNOM Frequently Asked Questions

Viper Energy, Inc. (VNOM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Viper Energy, Inc.'s revenue?

Viper Energy, Inc. (VNOM) reported $1.97B in revenue for fiscal year 2025. This represents a 3185% increase from $59.9M in 2013.

How fast is Viper Energy, Inc. growing?

Viper Energy, Inc. (VNOM) grew revenue by 56.6% over the past year. This is strong growth.

Is VNOM profitable?

Yes, Viper Energy, Inc. (VNOM) is profitable, generating $59.0M in net income for fiscal year 2025 (-5.1% net margin).

Dividend & Returns
Does VNOM pay dividends?

Yes, Viper Energy, Inc. (VNOM) pays a dividend with a yield of 5.64%. This makes it attractive for income-focused investors.

What is VNOM's return on equity?

Viper Energy, Inc. (VNOM) has a return on equity (ROE) of -1.0%. Negative ROE indicates the company is unprofitable.

What is Viper Energy, Inc.'s free cash flow?

Viper Energy, Inc. (VNOM) had negative free cash flow of $3.42B in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in VNOM back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →