Oil Income was the largest of Viper Energy, Inc.’s 3 reported lines in fiscal 2025, at $612.00M — 83% of $741.00M.
| Subsegments | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Oil Income | $377.00M | $398.00M | $612.00M |
| Natural Gas Liquids Income | $109.00M | $51.00M | $98.00M |
| Natural Gas Income | $47.00M | $25.00M | $31.00M |
| Total | $533.00M | $474.00M | $741.00M |
In fiscal 2025, which ended December 31, 2025, the 3 segments Viper Energy, Inc. reported in this breakdown added up to $741.00M. That is less than the $1.13B in its breakdown by segment, so these segments do not account for all of its revenue that year. Oil Income was the largest segment, at $612.00M or 82.6% of the total, followed by Natural Gas Liquids Income ($98.00M, 13.2%) and Natural Gas Income ($31.00M, 4.2%). Together, the two largest segments made up 95.8% of this total.
Compared with fiscal 2024, Natural Gas Liquids Income grew the fastest, rising 92.2% to $98.00M. Every sizeable segment reported in both years grew.
This breakdown covers every fiscal year from 2023 to 2025, as reported in Viper Energy, Inc.'s annual filings.
Revenue Generated From Diamondback Operated Properties was the largest of Viper Energy, Inc.’s 2 reported lines in fiscal 2025, at $612.00M — 54% of $1.13B.
| Subsegments (2) | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue Generated From Diamondback Operated Properties | $435.00M | $398.00M | $612.00M |
| Revenue Generated From Third-Party Operated Properties | $282.00M | $352.00M | $519.00M |
| Total | $717.00M | $750.00M | $1.13B |
In fiscal 2025, which ended December 31, 2025, the 2 segments Viper Energy, Inc. reported in this breakdown added up to $1.13B. That was up 50.8% from $750.00M in fiscal 2024. Revenue Generated From Diamondback Operated Properties was the largest segment, at $612.00M or 54.1% of the total, followed by Revenue Generated From Third-Party Operated Properties ($519.00M, 45.9%).
Compared with fiscal 2024, Revenue Generated From Diamondback Operated Properties grew the fastest, rising 53.8% to $612.00M. Over fiscal 2023 to 2025, revenue across these segments went from $717.00M to $1.13B, a compound annual growth rate of 25.6%. Revenue Generated From Diamondback Operated Properties' share of the total fell from 60.7% to 54.1% over the same years.
This breakdown covers every fiscal year from 2023 to 2025, as reported in Viper Energy, Inc.'s annual filings.
Viper Energy, Inc. (VNOM) breaks its revenue down by segment. In fiscal 2025, its largest segment was Oil Income, with $612.00M or 82.6% of the total, followed by Natural Gas Liquids Income at $98.00M (13.2%).
Oil Income was Viper Energy, Inc.'s largest segment in fiscal 2025, with $612.00M in revenue, 82.6% of the $741.00M reported across its 3 segments.
Of the Viper Energy, Inc. segments reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Natural Gas Liquids Income grew the fastest, rising 92.2% from $51.00M to $98.00M.
Every figure is taken from Viper Energy, Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2023 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.