v3.26.1
Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) - USD ($)
$ in Millions
Total
Nonrelated Party
Related Party
Common Stock
Common Stock
Nonrelated Party
Common Stock
Related Party
Additional Paid-in Capital
Additional Paid-in Capital
Nonrelated Party
Additional Paid-in Capital
Related Party
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Non-Controlling Interest
Balance at beginning of period (in shares) at Dec. 31, 2024       290,984,000                
Balance at beginning of period at Dec. 31, 2024 $ 39,862     $ 3     $ 33,501     $ 4,238 $ (6) $ 2,126
Increase (Decrease) in Stockholders' Equity                        
Viper stock-based compensation 1                     1
Stock-based compensation 22           22          
Cash paid for tax withholding on vested equity awards (in shares)       (155,000)                
Cash paid for tax withholding on vested equity awards (25)           (25)          
Issuance of shares upon vesting of equity awards (in shares)       115,000                
Repurchased shares (in shares)       (3,656,000)                
Repurchased shares (580)           (580)          
Dividends to non-controlling interest (95)                     (95)
Dividends paid (290)                 (290)    
Dividend equivalent rights payments (1)                 (1)    
Viper LLC’s units issued for acquisition 119                     119
Net proceeds from Viper’s issuance of common stock 1,232                     1,232
Change in ownership of consolidated subsidiaries, net 7           206         (199)
Other comprehensive income (loss) 0           1       (1)  
Net income (loss) 1,491                 1,405   86
Balance at end of period (in shares) at Mar. 31, 2025       287,288,000                
Balance at end of period at Mar. 31, 2025 41,743     $ 3     33,125     5,352 (7) 3,270
Balance at beginning of period (in shares) at Dec. 31, 2024       290,984,000                
Balance at beginning of period at Dec. 31, 2024 39,862     $ 3     33,501     4,238 (6) 2,126
Increase (Decrease) in Stockholders' Equity                        
Net income (loss) 2,230                      
Balance at end of period (in shares) at Jun. 30, 2025       291,155,000                
Balance at end of period at Jun. 30, 2025 42,819     $ 3     33,127     5,758 (7) 3,938
Balance at beginning of period (in shares) at Mar. 31, 2025       287,288,000                
Balance at beginning of period at Mar. 31, 2025 41,743     $ 3     33,125     5,352 (7) 3,270
Increase (Decrease) in Stockholders' Equity                        
Viper stock-based compensation 2                     2
Stock-based compensation 29           29          
Cash paid for tax withholding on vested equity awards (in shares)       (1,000)                
Cash paid for tax withholding on vested equity awards (1)           (1)          
Issuance of shares upon vesting of equity awards (in shares)       17,000                
Repurchased shares (in shares)       (2,992,000)                
Repurchased shares (393)           (393)          
Repurchased shares under Viper’s repurchase program (10)                     (10)
Dividends to non-controlling interest (82)                     (82)
Dividends paid (291)                 (291)    
Dividend equivalent rights payments (2)                 (2)    
Common shares issued for acquisition (in shares)       6,843,000                
Common shares issued for acquisition 1,101           1,101          
Change in ownership of consolidated subsidiaries, net (16)           (734)         718
Net income (loss) 739                 699   40
Balance at end of period (in shares) at Jun. 30, 2025       291,155,000                
Balance at end of period at Jun. 30, 2025 $ 42,819     $ 3     33,127     5,758 (7) 3,938
Balance at beginning of period (in shares) at Dec. 31, 2025 284,594,908     284,595,000                
Balance at beginning of period at Dec. 31, 2025 $ 42,967     $ 3     32,236     4,740 (7) 5,995
Increase (Decrease) in Stockholders' Equity                        
Viper stock-based compensation 2                     2
Stock-based compensation 29           29          
Cash paid for tax withholding on vested equity awards (in shares)       (150,000)                
Cash paid for tax withholding on vested equity awards (27)           (27)          
Issuance of shares upon vesting of equity awards (in shares)       134,000                
Repurchased shares (in shares)         (267,000) (3,000,000)            
Repurchased shares   $ (39) $ (514)         $ (39) $ (514)      
Repurchased shares under Viper’s repurchase program (97)                     (97)
Dividends to non-controlling interest (120)                     (120)
Dividends paid (295)                 (295)    
Dividend equivalent rights payments (3)                 (3)    
Proceeds from sale of Viper's common stock 527           219         308
Change in ownership of consolidated subsidiaries, net 66           106         (40)
Net income (loss) 144                 25   119
Balance at end of period (in shares) at Mar. 31, 2026       281,312,000                
Balance at end of period at Mar. 31, 2026 $ 42,640     $ 3     32,010     4,467 (7) 6,167
Balance at beginning of period (in shares) at Dec. 31, 2025 284,594,908     284,595,000                
Balance at beginning of period at Dec. 31, 2025 $ 42,967     $ 3     32,236     4,740 (7) 5,995
Increase (Decrease) in Stockholders' Equity                        
Net income (loss) $ 2,199                      
Balance at end of period (in shares) at Jun. 30, 2026 280,567,508     280,568,000                
Balance at end of period at Jun. 30, 2026 $ 43,985     $ 3     31,866     6,038 (7) 6,085
Balance at beginning of period (in shares) at Mar. 31, 2026       281,312,000                
Balance at beginning of period at Mar. 31, 2026 42,640     $ 3     32,010     4,467 (7) 6,167
Increase (Decrease) in Stockholders' Equity                        
Viper stock-based compensation 3                     3
Stock-based compensation 30           30          
Cash paid for tax withholding on vested equity awards (in shares)       (1,000)                
Cash paid for tax withholding on vested equity awards 0           1         (1)
Issuance of shares upon vesting of equity awards (in shares)       13,000                
Repurchased shares (in shares)       (756,000)                
Repurchased shares (142)           (142)          
Repurchased shares under Viper’s repurchase program (131)                     (131)
Dividends to non-controlling interest (159)                     (159)
Dividends paid (310)                 (310)    
Dividend equivalent rights payments (1)                 (1)    
Change in ownership of consolidated subsidiaries, net 0           (33)         33
Net income (loss) $ 2,055                 1,882   173
Balance at end of period (in shares) at Jun. 30, 2026 280,567,508     280,568,000                
Balance at end of period at Jun. 30, 2026 $ 43,985     $ 3     $ 31,866     $ 6,038 $ (7) $ 6,085