v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating income:      
Royalty income $ 1,346 $ 854 $ 717
Other operating income 1 1 1
Total operating income 1,395 861 828
Costs and expenses:      
Production and ad valorem taxes 94 61 50
Depletion 607 214 146
Impairment 768 0 0
Other operating expenses 31 0 1
Total costs and expenses 1,535 294 208
Income (loss) from operations (140) 567 620
Other income (expense):      
Interest expense, net (96) (74) (47)
Gain (loss) on derivative instruments, net 44 11 (26)
Gain (loss) on early extinguishment of debt (32) 0 0
Other income (expense), net (1) 0 0
Total other income (expense), net (85) (63) (73)
Income (loss) before income taxes (225) 504 547
Provision for (benefit from) income taxes (19) (100) 46
Net income (loss) (206) 604 501
Net income (loss) attributable to non-controlling interest (138) 245 301
Net income (loss) attributable to Viper Energy, Inc. $ (68) $ 359 $ 200
Net income (loss) attributable to common shares:      
Basic (dollars per shares) $ (0.48) $ 3.82 $ 2.69
Diluted (dollars per shares) $ (0.48) $ 3.82 $ 2.69
Weighted average number of common shares outstanding:      
Basic (in shares) 142,530 93,932 74,176
Diluted (in shares) 142,530 93,932 74,176
Oil income      
Operating income:      
Royalty income $ 1,131 $ 750 $ 619
Natural gas income      
Operating income:      
Royalty income 56 15 31
Natural gas liquids income      
Operating income:      
Royalty income 159 89 67
Nonrelated Party      
Operating income:      
Lease bonus income 24 6 2
Costs and expenses:      
General and administrative expenses 18 8 7
Related Party      
Operating income:      
Lease bonus income 24 0 108
Costs and expenses:      
General and administrative expenses $ 17 $ 11 $ 4