Viper Energy (VNOM) EBITDA Margin (2024 - 2026)
Viper Energy's (VNOM) quarterly EBITDA Margin came in at 89.82% in Q1 2026, down 116.0% year-on-year from 561.4% in Q1 2025, and up 2215.35% on a QoQ basis from 4.25% in Q4 2025.
Viper Energy (VNOM) EBITDA Margin (2024 - 2026) Analysis & Trends
Viper Energy (VNOM) has 3 years of EBITDA Margin data on file, last reported at 89.82% in Q1 2026.
- On a quarterly basis, EBITDA Margin fell 116.0% year-over-year to 89.82% in Q1 2026; TTM through Mar 2026 was 41.2%, a N/A change from a year earlier, with the FY2025 full-year figure at 33.48%, down 5798.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 89.82%, up from 4.25% in the prior quarter.
- Over the last five years, EBITDA Margin for VNOM reached as high as 92.44% in Q4 2024 and fell as low as 4.25% in Q4 2025.
- Historically, EBITDA Margin has averaged 60.32% across 3 years, with a median of 90.4% in 2025.
- Across the five-year window, EBITDA Margin slumped 9669 bps in 2025 and slumped 116 bps in 2026, its largest moves.
- Year by year, EBITDA Margin stood at 92.44% in 2024, then tumbled by 105 bps to 4.25% in 2025, then jumped by 2215 bps to 89.82% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 89.82% in Q1 2026, 4.25% in Q4 2025, and 1.53% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 71.56% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 79.97% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 30.06% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 14.43% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 13.17% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.10% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 10.74% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 20.68% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 14.85% |
| 10 | Viper Energy | 8.18 Bn | 13.41 Bn | - | 89.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 89.82% |
| Dec 31, 2025 | -4.25% |
| Sep 30, 2025 | 1.53% |
| Mar 31, 2025 | 90.98% |
| Dec 31, 2024 | 92.44% |
| Sep 30, 2024 | 91.39% |