Viper Energy (VNOM) Operating Income (2024 - 2026)
Viper Energy's (VNOM) quarterly Operating Income came in at $428.0 million in Q2 2026, up 217.04% year-over-year from $135.0 million in Q2 2025, and up 69.17% quarter-over-quarter from $253.0 million in Q1 2026.
Analysis
Viper Energy (VNOM) Operating Income (2024 - 2026) Analysis & Trends
Viper Energy (VNOM) has reported Operating Income for 3 consecutive years, with $428.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Income rose 217.04% year-over-year to $428.0 million in Q2 2026; TTM through Jun 2026 was $251.0 million, a 55.96% decrease from a year earlier, with the FY2025 full-year figure at -$140.0 million, down 124.69% from the prior year.
- Operating Income was $428.0 million for Q2 2026 at Viper Energy, up from $253.0 million in the prior quarter.
- Over five years, Operating Income peaked at $428.0 million in Q2 2026 and troughed at -$254.0 million in Q4 2025.
- A 3-year average of $102.6 million and a median of $140.0 million in 2024 frame the typical range for Operating Income.
- Across the five-year window, Operating Income slumped 276.39% in 2025 and soared 217.04% in 2026, its largest moves.
- Over 3 years, Operating Income stood at $144.0 million in 2024, then tumbled by 276.39% to -$254.0 million in 2025, then jumped by 268.5% to $428.0 million in 2026.
- The last three Operating Income figures came in at $428.0 million (Q2 2026), $253.0 million (Q1 2026), and -$254.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Viper Energy | 15.81 Bn | 20.98 Bn | - | 428.00 Mn |
| 2 | Black Stone Minerals | 3.12 Bn | 3.11 Bn | - | 110.07 Mn |
| 3 | Natural Resource Partners | 1.51 Bn | 1.48 Bn | 47.24 Mn | 26.23 Mn |
| 4 | Kimbell Royalty Partners | 1.50 Bn | 1.46 Bn | - | 59.68 Mn |
| 5 | Dorchester Minerals | 1.43 Bn | 1.36 Bn | - | - |
| 6 | Evolution Petroleum | 131.82 Mn | 126.78 Mn | 7.21 Mn | -558,000.00 |
| 7 | Altex Industries | 1.90 Mn | 1.90 Mn | - | - |
| 8 | Mentor Capital | 827,678.86 | 91,860.86 | 65,595.00 | -131,844.00 |
| 9 | Leopard Energy | 165,479.20 | 149,827.20 | 1,715.00 | -2,452.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 428.00 Mn |
| Mar 31, 2026 | 253.00 Mn |
| Dec 31, 2025 | -254.00 Mn |
| Sep 30, 2025 | -176.00 Mn |
| Jun 30, 2025 | 135.00 Mn |
| Mar 31, 2025 | 155.00 Mn |
| Dec 31, 2024 | 144.00 Mn |
| Sep 30, 2024 | 136.00 Mn |