Viper Energy Ut
NASDAQ: VNOM · ENERGY · OIL & GAS MIDSTREAM
Updated 2026-06-05
Viper Energy Ut (VNOM) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19.38M | $51.81M | $63.83M | $68.63M | $139.22M | $244.49M | $236.69M | $196.56M | $307.11M | $699.80M | $638.19M | $619.61M | $1.05B |
| Capital expenditures | $16.33M | $62.97M | $43.91M | $205.72M | $344.08M | $614.82M | $530.57M | $65.68M | $281.18M | $62.93M | $908.37M | $696.24M | $2.42B |
| Depreciation | $20.80M | $112000.00 | $314000.00 | $401000.00 | $589000.00 | $737000.00 | $73.35M | $100.50M | $102.99M | $121.07M | $146.12M | — | — |
| Stock-based comp | — | $2.10M | $3.93M | $3.81M | $2.40M | $2.76M | $1.82M | $1.44M | $1.17M | $-121.07M | $-146.12M | — | — |
| Free cash flow | $3.05M | $-11.15M | $19.93M | $-137.09M | $-204.86M | $-370.32M | $-293.88M | $130.88M | $25.94M | $636.87M | $-270.17M | $-76.63M | $-1.37B |
| Investing cash flow | $-16.33M | $-96.81M | $-43.91M | $-205.72M | $-344.08M | $-614.25M | $-530.57M | $-16.28M | $-281.18M | $47.57M | $-908.37M | $-608.57M | — |
| Financing cash flow | — | $59.35M | $-34.50M | $145.77M | $219.84M | $368.24M | $274.81M | $-164.75M | $-5.61M | $-768.64M | $277.86M | $-10.05M | — |
| Dividends paid | — | $168.69M | $68.56M | $64.82M | $130.88M | $253.48M | $240.37M | $107.96M | $176.63M | $416.94M | $324.75M | $473.68M | $328.00M |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | $14.35M | $-14.57M | $8.67M | $14.98M | $-1.52M | $-19.07M | $15.52M | $20.33M | $-21.27M | — | — | — |
Frequently asked questions
What is Viper Energy Ut's revenue?
Viper Energy Ut's trailing twelve-month revenue is $1.58B, and consensus projects about $5.18B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is VNOM?
In its most recent fiscal year, VNOM ran a gross margin of 47.92%, an operating margin of 43.02%, and a net margin of -5.05%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does VNOM generate?
VNOM produced $-1.37B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is VNOM's balance sheet healthy?
VNOM holds $13.00M in cash and equivalents against $2.19B in long-term debt, on $4.45B of shareholder equity. That debt is best read against the cash flow the business throws off each year.