v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 13 $ 27
Prepaid expenses and other current assets 50 31
Total current assets 413 238
Oil and natural gas properties:    
Proved properties 9,746 3,533
Unproved properties 4,910 2,180
Other property, equipment and land 8 6
Accumulated depletion and impairment (2,455) (1,081)
Property, net 12,209 4,638
Deferred income taxes (net of allowances) 33 185
Other assets 16 8
Total assets 12,671 5,069
Current liabilities:    
Accrued liabilities 107 43
Other current liabilities 4 6
Total current liabilities 111 49
Long-term debt, net 2,186 1,083
Other long-term liabilities 11 30
Total liabilities 2,308 1,162
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Additional paid-in capital 4,726 1,569
Retained earnings (accumulated deficit) (278) 118
Total Viper Energy, Inc. stockholders’ equity 4,448 1,687
Non-controlling interest 5,915 2,220
Total equity 10,363 3,907
Total liabilities and stockholders’ equity 12,671 5,069
Common Class A    
Stockholders’ equity:    
Common Stock 0 0
Common Class B    
Stockholders’ equity:    
Common Stock 0 0
Nonrelated Party    
Current assets:    
Royalty income receivable 262 149
Related Party    
Current assets:    
Royalty income receivable $ 88 $ 31