VNOM
Viper Energy, Inc.
VNOM's fundamentals are strong, but it looks expensive: trading at 32x earnings, about twice its usual 15x. Analysts expect strong earnings growth, though they disagree widely on how much.
VNOM Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Strong | |
| Unavailable |
VNOM's revenue, profitability and cash flow are currently healthy. There isn't enough data to rate its balance sheet.
VNOM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $14.39 | -65% |
| Fair | 14x | $18.63 | -54% |
| Forward | 15x | $40.88 | — |
| Expensive | 27x | $35.20 | -14% |
| Current | 32x | $40.88 | — |
Historical ranges are pointers, not guarantees.
VNOM's PE is in its expensive range at 32x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its fair range.
VNOM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for VNOM, with profitability improving. However, they disagree widely on these estimates.
VNOM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.75 | +113% |
| Q3 2026 | $1.29 | -50% |
| Q2 2026 | $0.05 | -99% |
| Q1 2026 | -$0.40 | -110% |
| Q4 2025 | -$0.31 | -108% |
| Q3 2025 | $2.57 | +11% |
| Q2 2025 | $3.61 | +24% |
| Q1 2025 | $3.95 | +46% |
| Q4 2024 | $3.82 | +42% |
VNOM's earnings per share have fallen from their peak: $1.29 over the past year, against $3.95 in early 2025.
VNOM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $661M | +58% |
| Q2 2026 | $677M | +128% |
| Q1 2026 | $511M | +109% |
| Q4 2025 | $435M | +90% |
| Q3 2025 | $418M | +99% |
| Q2 2025 | $297M | +37% |
| Q1 2025 | $245M | +19% |
| Q4 2024 | $228.7M | +12% |
VNOM's revenue has grown year over year for eight quarters in a row: $661M last quarter, up 58% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 60% | +103 points |
| Q2 2026 | 63% | +18 points |
| Q1 2026 | 50% | -14 points |
| Q4 2025 | -58% | -121 points |
| Q3 2025 | -42% | -107 points |
| Q2 2025 | 45% | -23 points |
| Q1 2025 | 63% | -4.4 points |
| Q4 2024 | 63% | -7.2 points |
VNOM's operating margin was 60% last quarter, up 102 points from the same quarter a year ago.
VNOM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $487M | +183% |
| Q1 2026 | $328M | +63% |
| Q4 2025 | $399M | +153% |
| Q2 2025 | $172M | +20% |
| Q1 2025 | $201M | +74% |
| Q4 2024 | $157.9M | +8.3% |
| Q3 2024 | $203M | +8.3% |
| Q2 2024 | $143.3M | +4.2% |
VNOM generated $1.7B in free cash flow over the past year, up 126% from the year before.
VNOM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +255K shares |
| 1 year | +30% | +45.1M shares |
| 3 years | +170% | +122M shares |
| 5 years | +202% | +130M shares |
| Available history | +186% | +126M shares |
VNOM has 194M diluted shares, up 30% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q3 2023 | $9.7M |
| Q2 2023 | $24.5M |
| Q1 2023 | $33M |
| Q4 2022 | $31.7M |
VNOM Net Leverage
VNOM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.1 | Neutral |
| Stochastic | 43.1 | Neutral |
VNOM's weekly RSI is 44 (neutral) and its Stochastic is 43 (neutral).
VNOM PE vs Energy Sector
| Metric | VNOM | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 13x | 142% above |
| PE % | 89 | 61 | 28 pts above |
VNOM is trading at 32x earnings, a 142% premium to the Energy sector's median of 13x.
VNOM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $43.2 | 5.4% below |
| 20 week MA | $43.3 | 5.7% below |
| 50 week MA | $43.6 | 6.2% below |
| 100 week MA | $42.5 | 3.7% below |
| 200 week MA | $38.8 | 5.4% above |
VNOM has fallen below most of its moving averages, though it's still 5.4% above its 200-week average.
VNOM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.1 | $11.8 | -53% |
| 2021 | $11.8 | $21.1 | +79% |
| 2022 | $21.1 | $32.2 | +53% |
| 2023 | $32.2 | $31.4 | -2.6% |
| 2024 | $31.4 | $48.1 | +53% |
| 2025 | $48.1 | $38.1 | -21% |
| 2026 YTD | $38.1 | $40.9 | +7.3% |
VNOM has finished lower in three of the last six years. It's up 7.3% so far in 2026.