Viper Energy (VNOM) Operating Income (2024 - 2026)
Viper Energy (VNOM) posted quarterly Operating Income of $253.0 million for Q1 2026, up 63.23% year-over-year from $155.0 million in Q1 2025, and up 199.61% quarter-over-quarter from -$254.0 million in Q4 2025.
Viper Energy (VNOM) Operating Income (2024 - 2026) Analysis & Trends
Viper Energy (VNOM) has reported Operating Income for 3 consecutive years, with $253.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Income rose 63.23% year-over-year to $253.0 million; the TTM figure through Mar 2026 stood at -$22.0 million (changed N/A YoY), while the FY2025 annual figure was -$140.0 million, down 124.69% from the prior year.
- Operating Income improved to $253.0 million in Q1 2026 per VNOM's latest filing, from -$254.0 million in the prior quarter.
- Across five years, Operating Income topped out at $253.0 million in Q1 2026 and bottomed at -$254.0 million in Q4 2025.
- Historically, Operating Income has averaged $43.0 million across 3 years, with a median of $140.0 million in 2024.
- Annual changes were most pronounced in 2025 — Operating Income sank 276.39% — and 2026, when it surged 63.23%.
- Viper Energy's Operating Income stood at $144.0 million in 2024, then tumbled by 276.39% to -$254.0 million in 2025, then surged by 199.61% to $253.0 million in 2026.
- Business Quant data shows VNOM's Operating Income at $253.0 million in Q1 2026, -$254.0 million in Q4 2025, and -$176.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.35 Bn |
| 2 | Enbridge | 111.07 Bn | 109.57 Bn | 5.23 Bn | 2.10 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 2.25 Bn |
| 4 | Energy Transfer | 72.38 Bn | 71.35 Bn | 7.40 Bn | 3.57 Bn |
| 5 | Tc Energy | 65.96 Bn | 58.40 Bn | 1.24 Bn | 384.60 Mn |
| 6 | Oneok | 60.08 Bn | 59.92 Bn | 2.81 Bn | 1.59 Bn |
| 7 | Mplx | 60.06 Bn | 59.03 Bn | 2.73 Bn | 1.38 Bn |
| 8 | Targa Resources | 59.31 Bn | 59.18 Bn | 2.14 Bn | 1.23 Bn |
| 9 | Cheniere Energy | 56.08 Bn | 54.82 Bn | 5.29 Bn | 4.29 Bn |
| 10 | Viper Energy | 8.32 Bn | 8.24 Bn | - | 428.00 Mn |
Historic Data
Download 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 |
| Mar 31, 2025 | 155.00 Mn |
| Dec 31, 2024 | 144.00 Mn |
| Sep 30, 2024 | 136.00 Mn |