v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating income:        
Royalty income $ 658 $ 287 $ 1,154 $ 531
Other operating income 4 0 4 0
Total operating income 677 297 1,188 542
Costs and expenses:        
Production and ad valorem taxes 43 21 78 38
Depreciation, depletion, and amortization 195 124 401 191
Other operating expenses 0 10 4 10
Total costs and expenses 249 162 507 252
Income (loss) from operations 428 135 681 290
Other income (expense):        
Interest expense, net (24) (15) (51) (28)
Gain (loss) on derivative instruments, net 0 (29) 18 3
Other income (expense), net (1) 0 (2) 0
Total other income (expense), net (25) (44) (35) (25)
Income (loss) before income taxes 403 91 646 265
Provision for (benefit from) income taxes 72 7 100 28
Net income (loss) 331 84 546 237
Net income (loss) attributable to non-controlling interest 189 47 307 125
Net income (loss) attributable to Viper Energy, Inc. $ 142 $ 37 $ 239 $ 112
Net income (loss) attributable to common shares:        
Basic (in usd per share) $ 0.73 $ 0.28 $ 1.27 $ 0.89
Diluted (in usd per share) $ 0.73 $ 0.28 $ 1.27 $ 0.89
Weighted average number of common shares outstanding:        
Basic (in shares) 193,733 131,107 187,553 126,045
Diluted (in shares) 193,733 131,156 187,553 126,160
Oil income        
Operating income:        
Royalty income $ 582 $ 241 $ 1,010 $ 442
Natural gas income        
Operating income:        
Royalty income 1 10 17 25
Natural gas liquids income        
Operating income:        
Royalty income 75 36 127 64
Nonrelated Party        
Operating income:        
Lease bonus income 11 10 25 11
Costs and expenses:        
General and administrative expenses 5 4 13 6
Related Party        
Operating income:        
Lease bonus income 4 0 5 0
Costs and expenses:        
General and administrative expenses $ 6 $ 3 $ 11 $ 7