Viper Energy, Inc. (VNOM) Stock

Viper Energy, Inc. (VNOM) is a Energy stock trading at $45.03 (as of 2026-08-20), with a market capitalization of $8.17B and a trailing P/E of 36.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Viper Energy Partners LP owns, acquires, and develops oil and natural gas properties in North America, with mineral interests in the Permian Basin and Eagle Ford Shale and estimated proved reserves of crude oil equivalent. Its general partner, Viper Energy Partners GP LLC, operates the partnership, which is based in Midland, Texas and is a subsidiary of Diamondback Energy, Inc.

Understand Viper Energy, Inc.: how it makes money

Viper Energy Partners owns mineral and royalty interests and exploits oil and natural gas properties in North America (primarily the Permian Basin and Eagle Ford Shale), and it makes money through the oil and gas results tied to those reserves and producing acreage.

The company’s profit engine is the link between its Permian and Eagle Ford resource base (net royalty acres and proved reserves) and its operational ability to turn drilling and development activity into sustained average barrels of oil equivalent per day.

Business quality (Solid): Strong operational KPI set, but no reportable segment breakdown was provided in the facts.

Bull case

Asset base concentrated in key basins: As of December 31, 2021, it reported mineral interests in the Permian Basin and Eagle Ford Shale, with proved oil and natural gas reserves.
Ongoing development and conversion of wells to production: It reported wells completed and gross horizontal wells turned to production, supporting continued contribution to average production.
Participation in basin activity through third parties: It reported a third-party activity share captured and third-party operated share of production, indicating it can benefit from activity executed by others.

Bear case

Production reliance includes third-party operated volumes: It reported a third-party operated share of production, which means some production performance depends on how operators execute.
Divestiture can reduce production: It reported divestiture production and lost production from divested non-permitted assets, implying some operational risk from asset changes.
Operational outcomes depend on turning development into producing wells: Key activity metrics include wells completed and wells turned to production, highlighting execution and timing risk.

Valuation — source: SEC EDGAR (first-party)
Price	$45.03
Market Cap	$8.17B
P/E Ratio	36.8
EV / EBITDA	26.5
Price / Book	0.79
Price / Sales	5.90
DCF Value (model)	$181.76
DCF Upside vs Price	303.6%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.40B
Net Margin	-4.9%
Revenue Growth (YoY)	62.0%
EPS Growth (YoY)	-112.6%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.74 (distress)

Valuation vs Sector & Industry
Stock P/E	36.8
Sector P/E (Energy)	16.8
Industry P/E (Petroleum & Natural Gas)	16.7
vs Sector	119.3%
vs Industry	121.0%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Capital World Investors ($1.13B)
Institutional Holders Tracked	10
Congressional Trades (recent)	4

Company
Sector	Energy
Industry	Petroleum & Natural Gas
CEO	Matthew Kaes Van't Hof
Employees	0
Country	US
IPO Date	2014-06-18

Related Companies (Business model: Exploration & Production (Upstream Oil & Gas); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.