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Viper Energy (VNOM) operating margin by quarter

Viper Energy's operating margin was 60.4% in Q3 2026 (third quarter 2026), -2.9 pts from Q2 2026. Over the last 3 quarters it ranged from 49.5% (Q1 2026) to 63.2% (Q2 2026).

Viper Energy operating margin by quarterViper Energy operating margin by quarter49.5%Q1 202663.2%Q2 202660.4%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202660.4%-2.9 pts—
Q2 202663.2%+13.7 pts—
Q1 202649.5%——

Q3 2026 at a glance

Viper Energy, Q3 2026: revenue $661M (+58% year over year), operating margin 60.4%, net earnings $140M, operating cash flow $447M. The chart follows the revenue to costs, profit and cash.

Questions

What is Viper Energy's operating margin?

Viper Energy's operating margin was 60.4% in Q3 2026 (third quarter 2026), -2.9 pts from Q2 2026.

How has Viper Energy's operating margin changed?

Over the last 3 quarters it ranged from 49.5% (Q1 2026) to 63.2% (Q2 2026).

Q3 2026 results → · How Viper Energy makes money →