Oil Income was Viper Energy’s largest segment in fiscal 2025, bringing in $612.00M of $741.00M (83%).
| 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 |
Viper Energy brought in $741.00M from its three segments in fiscal 2025, the year ended December 31, 2025. That is less than the $1.13B it reports by subsegments (2), so these segments do not cover all of its revenue. Oil Income was the largest at $612.00M (82.6%), ahead of Natural Gas Liquids Income at $98.00M (13.2%) and Natural Gas Income at $31.00M (4.2%).
Compared with fiscal 2024, Natural Gas Liquids Income grew fastest, up 92.2% to $98.00M. Every segment above 2% of revenue grew.
Revenue Generated From Diamondback Operated Properties was Viper Energy’s largest segment in fiscal 2025, bringing in $612.00M of $1.13B (54%).
| 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 |
Viper Energy brought in $1.13B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 50.8% from $750.00M in fiscal 2024. Revenue Generated From Diamondback Operated Properties was the largest at $612.00M (54.1%), ahead of Revenue Generated From Third-Party Operated Properties at $519.00M (45.9%).
Compared with fiscal 2024, Revenue Generated From Diamondback Operated Properties grew 53.8% to $612.00M and Revenue Generated From Third-Party Operated Properties grew 47.4% to $519.00M. From fiscal 2023 to 2025, combined revenue from these segments grew 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%.
Viper Energy (VNOM) reports its revenue by subsegments and by subsegments (2). In fiscal 2025, Oil Income was its largest segment, bringing in $612.00M (82.6% of the total), followed by Natural Gas Liquids Income at $98.00M (13.2%).
Oil Income was Viper Energy's largest segment in fiscal 2025, bringing in $612.00M, or 82.6% of the $741.00M total across its three segments.
Among Viper Energy's segments that make up at least 2% of revenue, Natural Gas Liquids Income grew fastest in fiscal 2025, up 92.2% from $51.00M to $98.00M.
Every figure comes from Viper Energy's annual financial filings, as reported. Each line keeps the name Viper Energy gives it, and years follow its fiscal calendar.
Viper Energy's revenue by subsegments goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.