v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating income:        
Royalty income $ 393 $ 209 $ 924 $ 629
Other operating income 0 1 0 1
Total operating income 418 211 960 632
Costs and expenses:        
Production and ad valorem taxes 27 15 65 45
Depletion 182 55 373 150
Impairment 360 0 360 0
Transaction expenses 15 0 25 0
Total costs and expenses 594 75 846 209
Income (loss) from operations (176) 136 114 423
Other income (expense):        
Interest expense, net (32) (16) (60) (54)
Gain (loss) on derivative instruments, net 18 7 21 5
Gain (loss) on early extinguishment of debt (32) 0 (32) 0
Other income (expense), net (1) 0 (1) 0
Total other income (expense), net (47) (9) (72) (49)
Income (loss) before income taxes (223) 127 42 374
Provision for (benefit from) income taxes (26) 18 2 43
Net income (loss) (197) 109 40 331
Net income (loss) attributable to non-controlling interest (120) 60 5 182
Net income (loss) attributable to Viper Energy, Inc. $ (77) $ 49 $ 35 $ 149
Net income (loss) attributable to common shares:        
Basic (in usd per share) $ (0.52) $ 0.52 $ 0.25 $ 1.64
Diluted (in usd per share) $ (0.52) $ 0.52 $ 0.25 $ 1.64
Weighted average number of common shares outstanding:        
Basic (in shares) 148,882 93,695 133,741 90,895
Diluted (in shares) 148,931 93,747 133,868 90,989
Oil income        
Operating income:        
Royalty income $ 332 $ 187 $ 774 $ 558
Natural gas income        
Operating income:        
Royalty income 15 1 40 9
Natural gas liquids income        
Operating income:        
Royalty income 46 21 110 62
Related Party        
Operating income:        
Lease bonus income 17 0 17 0
Costs and expenses:        
General and administrative expenses 4 3 11 7
Nonrelated Party        
Operating income:        
Lease bonus income 8 1 19 2
Costs and expenses:        
General and administrative expenses $ 6 $ 2 $ 12 $ 7