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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating income:        
Royalty income $ 287 $ 215 $ 531 $ 420
Lease bonus income 10 1 11 1
Total operating income 297 216 542 421
Costs and expenses:        
Production and ad valorem taxes 21 16 38 30
Depletion 124 48 191 95
Transaction expenses 10 0 10 0
Total costs and expenses 162 68 252 134
Income (loss) from operations 135 148 290 287
Other income (expense):        
Interest expense, net (15) (18) (28) (38)
Gain (loss) on derivative instruments, net (29) 5 3 (2)
Total other income (expense), net (44) (13) (25) (40)
Income (loss) before income taxes 91 135 265 247
Provision for (benefit from) income taxes 7 12 28 25
Net income (loss) 84 123 237 222
Net income (loss) attributable to non-controlling interest 47 66 125 122
Net income (loss) attributable to Viper Energy, Inc. $ 37 $ 57 $ 112 $ 100
Net income (loss) attributable to common shares:        
Basic (in usd per share) $ 0.28 $ 0.62 $ 0.89 $ 1.12
Diluted (in usd per share) $ 0.28 $ 0.62 $ 0.89 $ 1.12
Weighted average number of common shares outstanding:        
Basic (in shares) 131,107 91,424 126,045 89,480
Diluted (in shares) 131,156 91,424 126,160 89,570
Oil income        
Operating income:        
Royalty income $ 241 $ 194 $ 442 $ 371
Natural gas income        
Operating income:        
Royalty income 10 1 25 8
Natural gas liquids income        
Operating income:        
Royalty income 36 20 64 41
Related Party        
Costs and expenses:        
General and administrative expenses 3 2 7 4
Nonrelated Party        
Costs and expenses:        
General and administrative expenses $ 4 $ 2 $ 6 $ 5