Companies /Energy

Viper Energy Inc - Class A

NASDAQ: VNOM Oil & Gas Midstream
$41.13
▲ $0.94 (+2.34%) today
Markets closed · 11:56pm ET

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VNOM at a Glance

Valuation
Market cap
$21.0B
P/E ratio
31.9
Dividend yield
5.90%
Profitability
Revenue (TTM)
$2.2B
Profit margin
12.8%
EPS (TTM)
$1.26
Price
52-week range
$34 – $50
24/7 target
$46.76
Street target
$55.35

Headquartered in Midland, TX Fiscal year ends December NASDAQ: VNOM viperenergy.com

About Viper Energy

Viper Energy, Inc. (NASDAQ: VNOM) is a corporation formed by and majority-affiliated with Diamondback Energy (NASDAQ: FANG). It owns, acquires and exploits oil and natural gas mineral and royalty interests in North America, focusing on oil-weighted basins, primarily the Permian Basin in West Texas.

Viper holds royalty interests rather than operating wells. It earns royalty income from oil, natural gas and NGL production on its acreage, plus lease bonus income, without bearing drilling or operating capital costs.

As of September 30, 2026, its footprint was about 98,098 net royalty acres, with 26,447 gross horizontal producing wells. Diamondback operates a meaningful share of these wells at higher average royalty interests, and third parties operate the majority.

The company is growing through consolidation of mineral interests, including:
- the Sitio Acquisition;
- the 2026 Riverbend Acquisition;
- drop-downs of royalty acreage from Diamondback;
- the McElroy Ranch Acquisition, targeting Barnett development in the western Midland Basin;
- the pending Buckhorn Minerals acquisition in the Midland Basin.

Viper returns capital through a base cash dividend on Class A shares and share repurchases. It has an Up-C structure with Class A and Class B shares paired with OpCo units. Updated

Latest Activity

Amended43.1%of Viper Energy, Inc.

Diamondback just refiled its stake in Viper Energy with activist intent, and as the parent sponsor it already controls enough of the royalty vehicle to dictate any strategic outcome on its own. Minority holders of the $7.7 billion mineral name are along for whatever Diamondback decides next.

VNOMViper Energy
Q3 2026
EPS
$0.72
est $0.66+8.3%
Revenue
$661M
est $611M+8.1%

Royalty volumes hit 69,076 barrels of oil per day, beating consensus on both lines as acquisitions outpace softer oil prices. Management raised full-year 2026 oil production guidance and declared a base dividend, with the Buckhorn deal still to close this quarter.

Quarterly revenue

VNOM Coverage

Frequently Asked Questions

What does Viper Energy do?

Viper Energy, Inc. (NASDAQ: VNOM) is a corporation formed by and majority-affiliated with Diamondback Energy (NASDAQ: FANG). It owns, acquires and exploits oil and natural gas mineral and royalty interests in North America, focusing on oil-weighted basins, primarily the Permian Basin in West Texas.

What is the VNOM stock price target?

24/7 Wall St.'s 12-month price target for VNOM is $46.76, rated Buy. The Wall Street consensus target is $55.35. VNOM price prediction →