Viper Energy, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
VNOM$40.19-0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| September 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (In millions, except par values and share data) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $53 | $27 |
| Restricted cash | 390 | — |
| Royalty income receivable (net of allowance for credit losses) | 277 | 149 |
| Royalty income receivable—related party | 107 | 31 |
| Income tax receivable | 2 | 2 |
| Derivative instruments | 22 | 18 |
| Prepaid expenses and other current assets | 36 | 11 |
| Total current assets | 887 | 238 |
| Property: | ||
| Oil and natural gas interests, full cost method of accounting ($5,275 million and $2,180 million excluded from depletion at September 30, 2025, and December 31, 2024, respectively) | 14,589 | 5,713 |
| Other property, equipment and land | 8 | 6 |
| Accumulated depletion and impairment | (1,814) | (1,081) |
| Property, net | 12,783 | 4,638 |
| Deferred income taxes (net of allowances) | — | 185 |
| Other assets | 18 | 8 |
| Total assets | $13,688 | $5,069 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable—related party | $— | $2 |
| Current maturities of debt | 380 | — |
| Accrued liabilities | 91 | 43 |
| Derivative instruments | — | 2 |
| Income taxes payable | 1 | 2 |
| Total current liabilities | 472 | 49 |
| Long-term debt, net | 2,241 | 1,083 |
| Derivative instruments | 11 | — |
| Deferred income taxes | 18 | — |
| Other long-term liabilities | 5 | 30 |
| Total liabilities | 2,747 | 1,162 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Class A Common Stock, $0.000001 par value: 1,000,000,000 shares authorized; 169,261,023 shares issued and outstanding as of September 30, 2025, and 102,977,142 shares issued and outstanding as of December 31, 2024 | — | — |
| Class B Common Stock, $0.000001 par value: 1,000,000,000 shares authorized; 191,078,341 shares issued and outstanding as of September 30, 2025, and 85,431,453 shares issued and outstanding as of December 31, 2024 | — | — |
| Additional paid-in capital | 4,696 | 1,569 |
| Retained earnings (accumulated deficit) | (76) | 118 |
| Total Viper Energy, Inc. stockholders’ equity | 4,620 | 1,687 |
| Non-controlling interest | 6,321 | 2,220 |
| Total equity | 10,941 | 3,907 |
| Total liabilities and stockholders’ equity | $13,688 | $5,069 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.