Filing Flows › Viper Energy (VNOM) › Q3 2026 › vs Q3 2025
Viper Energy (VNOM) Q3 2026 vs Q3 2025 (year over year)
Viper Energy's revenue rose $243M (+58%) from $418M in Q3 2025 to $661M in Q3 2026. The biggest changes: Oil income +$225M (+68%); Natural gas liquids income +$34.0M (+74%); Other revenues −$20.0M (-80%). Operating margin 60.4% against -42.1% (+102.5 pts).
Viper Energy, Q3 2026: revenue $661M (+58% year over year), operating margin 60.4%, net earnings $140M, operating cash flow $447M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 60.4% | -42.1% | +102.5 pts |
| Net margin | 21.2% | -18.4% | +39.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Oil income | $557M | $332M | $225M | +68% |
| Natural gas liquids income | $80.0M | $46.0M | $34.0M | +74% |
| Natural gas income | $19.0M | $15.0M | $4.0M | +27% |
| Other revenues | $5.0M | $25.0M | −$20.0M | -80% |
| Revenue | $661M | $418M | $243M | +58% |
| Operating profit | $399M | −$176M | $575M | — |
| Costs & expenses | $262M | $594M | −$332M | -56% |
| Pre-tax earnings | $339M | −$223M | $562M | — |
| Other expense, net | $60.0M | $47.0M | $13.0M | +28% |
| Net earnings | $140M | −$77.0M | $217M | — |
| Minority interests | $160M | −$120M | $280M | — |
| Income tax | $39.0M | −$26.0M | $65.0M | — |
| Depreciation & amortization | $206M | $182M | $24.0M | +13% |
| Working capital & other | $101M | $176M | −$75.0M | -43% |
| Operating cash flow | $447M | $281M | $166M | +59% |
Questions
How much did Viper Energy's revenue grow year over year in Q3 2026?
Viper Energy's revenue rose $243M (+58%) from $418M in Q3 2025 to $661M in Q3 2026.
What drove Viper Energy's revenue change in Q3 2026?
Oil income +$225M (+68%); Natural gas liquids income +$34.0M (+74%); Other revenues −$20.0M (-80%).