How Viper Energy makes money

Period

FY2025

How does Viper Energy make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Viper Energy Inc. · FY2025 · year ended 2025-12-31

Revenue$1.3BNet loss$68M · 5%Cost of revenue$0 · 0%Gross profit$1.3B · 100%Operating expenses$1.5B · 110%Other income$72M · 5%Other opex$1.5B · 110%Oil Income$1.1B · 84%Natural Gas Liquids Income$159M · 12%Natural Gas Income$56M · 4%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.