Viper Energy (VNOM) Gross Margin (2024 - 2026)
Viper Energy (VNOM) reported Gross Margin of 93.15% for Q1 2026, up 9.0% year-over-year from 85.46% in Q1 2025, and little changed quarter-over-quarter from 93.13% in Q4 2025.
Viper Energy (VNOM) Gross Margin (2024 - 2026) Analysis & Trends
Viper Energy (VNOM) has 3 years of Gross Margin data on file, last reported at 93.15% in Q1 2026.
- Gross Margin for Q1 2026 came in at 93.15%, up 9.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 93.13% (changed N/A YoY), and the FY2025 annual result was 93.02%, up 10.0% from the prior year.
- Gross Margin held at 93.15% in Q1 2026 per VNOM's latest filing, from 93.13% in the prior quarter.
- Over five years, Gross Margin peaked at 93.15% in Q1 2026 and troughed at 92.82% in Q3 2024.
- A 3-year average of 93.07% and a median of 93.12% in 2024 frame the typical range for Gross Margin.
- On a YoY basis, Gross Margin climbed as much as 31 bps in 2025 and fell as far as 2 bps in 2025.
- A 3-year view of Gross Margin shows it stood at 93.1% in 2024, then grew by 0 bps to 93.13% in 2025, then increased by 0 bps to 93.15% in 2026.
- Business Quant data shows VNOM's Gross Margin at 93.15% in Q1 2026, 93.13% in Q4 2025, and 93.13% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | - |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 63.77% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 23.85% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 83.61% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 41.52% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 26.67% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 98.68% |
| 10 | Viper Energy | 8.17 Bn | 13.40 Bn | 476.00 Mn | 93.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 93.15% |
| Dec 31, 2025 | 93.13% |
| Sep 30, 2025 | 93.13% |
| Mar 31, 2025 | 93.06% |
| Dec 31, 2024 | 93.10% |
| Sep 30, 2024 | 92.82% |