$VNOM
Viper Energy Inc

2024 Q3 Form 10-Q Financial Statement

#000160206524000084 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $209.6M $293.2M
YoY Change -28.53% 32.32%
Cost Of Revenue $12.30M
YoY Change -21.35%
Gross Profit $281.0M
YoY Change 36.42%
Gross Profit Margin 95.83%
Selling, General & Admin $1.900M
YoY Change -11.17%
% of Gross Profit 0.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.20M
YoY Change 18.84%
% of Gross Profit 12.88%
Operating Expenses $74.02M $50.45M
YoY Change 46.73% 4.58%
Operating Profit $135.6M $242.8M
YoY Change -44.16% 40.04%
Interest Expense -$16.74M -$11.20M
YoY Change 49.42% 4.4%
% of Operating Profit -12.35% -4.61%
Other Income/Expense, Net -$9.329M -$13.70M
YoY Change -31.92% 41.45%
Pretax Income $126.2M $229.1M
YoY Change -44.9% 39.95%
Income Tax $17.19M $21.88M
% Of Pretax Income 13.62% 9.55%
Net Earnings $48.92M $78.60M
YoY Change -37.76% -0.93%
Net Earnings / Revenue 23.34% 26.8%
Basic Earnings Per Share $0.52 $1.11
Diluted Earnings Per Share $0.52 $1.11
COMMON SHARES
Basic Shares Outstanding 93.70M shares 70.93M shares
Diluted Shares Outstanding 93.75M shares 70.93M shares

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $146.8M
YoY Change 1163.77%
Cash & Equivalents $168.6M $146.8M
Short-Term Investments
Other Short-Term Assets $4.081M
YoY Change 16.4%
Inventory
Prepaid Expenses
Receivables $111.2M
Other Receivables $0.00
Total Short-Term Assets $320.2M $262.1M
YoY Change 22.15% 110.9%
LONG-TERM ASSETS
Property, Plant & Equipment $3.761B $2.777B
YoY Change 35.43% -1.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.653M $5.577M
YoY Change -16.57% 1752.82%
Total Long-Term Assets $3.886B $2.881B
YoY Change 34.87% 0.69%
TOTAL ASSETS
Total Short-Term Assets $320.2M $262.1M
Total Long-Term Assets $3.886B $2.881B
Total Assets $4.206B $3.143B
YoY Change 33.81% 5.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K
YoY Change 1076.47%
Accrued Expenses $41.47M $24.69M
YoY Change 67.96% 2.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $44.21M $47.49M
YoY Change -6.91% 89.35%
LONG-TERM LIABILITIES
Long-Term Debt $675.7M
YoY Change 0.91%
Other Long-Term Liabilities $4.789M $1.600M
YoY Change 199.31% 1180.0%
Total Long-Term Liabilities $4.789M $677.3M
YoY Change -99.29% 1.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.21M $47.49M
Total Long-Term Liabilities $4.789M $677.3M
Total Liabilities $870.5M $724.8M
YoY Change 20.1% 4.31%
SHAREHOLDERS EQUITY
Retained Earnings -$28.69M
YoY Change
Common Stock $1.430B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.401B $714.1M
YoY Change
Total Liabilities & Shareholders Equity $4.206B $3.143B
YoY Change 33.81% 5.28%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $48.92M $78.60M
YoY Change -37.76% -0.93%
Depreciation, Depletion And Amortization $36.20M
YoY Change 18.84%
Cash From Operating Activities $239.7M
YoY Change 11.89%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$52.20M
YoY Change 350.5%
Cash From Investing Activities -$52.20M
YoY Change 350.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -53.70M
YoY Change -72.51%
NET CHANGE
Cash From Operating Activities 239.7M
Cash From Investing Activities -52.20M
Cash From Financing Activities -53.70M
Net Change In Cash 133.8M
YoY Change 1731.87%
FREE CASH FLOW
Cash From Operating Activities $239.7M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
845000 usd
CY2024Q3 vnom Distribution Equivalent Rights Payments
DistributionEquivalentRightsPayments
123000 usd
CY2024Q3 vnom Dividends To Shareholders
DividendsToShareholders
58526000 usd
CY2024Q3 vnom Dividends To Parent
DividendsToParent
64947000 usd
CY2024Q3 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
0 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
109045000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3335508000 usd
CY2022Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
2321525000 usd
CY2023Q1 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
370000 usd
CY2023Q1 vnom Limited Partners Capital Account Distribution Equivalent Rights Payments
LimitedPartnersCapitalAccountDistributionEquivalentRightsPayments
72000 usd
CY2023Q1 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
35253000 usd
CY2023Q2 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
259000 usd
CY2023Q2 vnom Limited Partners Capital Account Distribution Equivalent Rights Payments
LimitedPartnersCapitalAccountDistributionEquivalentRightsPayments
43000 usd
CY2023Q2 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
23513000 usd
CY2023Q2 vnom Vnom Limited Partners Capital Account Distribution Amount Related Party
Vnom_LimitedPartnersCapitalAccountDistributionAmountRelatedParty
38363000 usd
CY2023Q2 us-gaap General Partners Capital Account Distribution Amount
GeneralPartnersCapitalAccountDistributionAmount
20000 usd
CY2023Q2 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
0 usd
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
24509000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
79931000 usd
CY2023Q2 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
2286170000 usd
CY2023Q3 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
362000 usd
CY2023Q3 vnom Limited Partners Capital Account Distribution Equivalent Rights Payments
LimitedPartnersCapitalAccountDistributionEquivalentRightsPayments
48000 usd
CY2023Q3 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
25252000 usd
CY2023Q3 vnom Vnom Limited Partners Capital Account Distribution Amount Related Party
Vnom_LimitedPartnersCapitalAccountDistributionAmountRelatedParty
40200000 usd
CY2023Q3 us-gaap General Partners Capital Account Distribution Amount
GeneralPartnersCapitalAccountDistributionAmount
20000 usd
CY2023Q3 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
0 usd
CY2023Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9650000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
207213000 usd
CY2023Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
2418575000 usd
us-gaap Profit Loss
ProfitLoss
330846000 usd
us-gaap Profit Loss
ProfitLoss
375410000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
887000 usd
us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
149821000 usd
us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
101331000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
5264000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-30685000 usd
vnom Cash Receipts From Payments On Derivatives Net
CashReceiptsFromPaymentsOnDerivativesNet
-2038000 usd
vnom Cash Receipts From Payments On Derivatives Net
CashReceiptsFromPaymentsOnDerivativesNet
-10019000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
4470000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
2045000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2886000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
22147000 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
32667000 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
1171000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
14192000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
4156000 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-1330000 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-306000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-109000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
12411000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1398000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
885000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
461700000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
492397000 usd
vnom Proceeds From Repayments For Sale Of Property Plant And Equipment
ProceedsFromRepaymentsForSaleOfPropertyPlantAndEquipment
87674000 usd
vnom Proceeds From Repayments For Sale Of Property Plant And Equipment
ProceedsFromRepaymentsForSaleOfPropertyPlantAndEquipment
-3166000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-183378000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-176749000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
470000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
260000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
733000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
162000000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
475904000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
67181000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
156553000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
84181000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
191830000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
127929000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-63000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-5722000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-135542000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-187013000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
142780000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
128635000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25869000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18179000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
168649000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
146814000 usd
us-gaap Interest Paid Net
InterestPaidNet
43121000 usd
us-gaap Interest Paid Net
InterestPaidNet
24766000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
42615000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25700000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. These reclassifications had no effect on the previously reported total assets, total liabilities, stockholders’ equity, results of operations or cash flows.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts included in or affecting the Company’s financial statements and related disclosures must be estimated by management, requiring certain assumptions to be made with respect to values or conditions that cannot be known with certainty at the time the financial statements are prepared. These estimates and assumptions affect the amounts the Company reports for assets and liabilities and the Company’s disclosure of contingent assets and liabilities as of the date of the financial statements.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Making accurate estimates and assumptions is particularly difficult in the oil and natural gas industry given the challenges resulting from volatility in oil and natural gas prices. For instance, the war in Ukraine, the Israel-Hamas war and other conflicts in the Middle East, higher interest rates, global supply chain disruptions and recent measures to combat persistent inflation and instability in the financial sector have contributed to recent pricing and economic volatility. The financial results of companies in the oil and natural gas industry have been and may continue to be impacted materially as a result of changing market conditions. Such circumstances generally increase uncertainty in the Company’s accounting estimates, particularly those involving financial forecasts.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company evaluates these estimates on an ongoing basis, using historical experience, consultation with experts and other methods the Company considers reasonable in each particular circumstance. Nevertheless, actual results may differ significantly from the Company’s estimates. Any effects on the Company’s business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known. Significant items subject to such estimates and assumptions include estimates of proved oil and natural gas reserves and related present value estimates of future net cash flows therefrom, the carrying value of oil and natural gas interests, estimates of third party operated royalty income related to expected sales volumes and prices, the recoverability of costs of unevaluated properties, the fair value determination of assets and liabilities, including those acquired by the Company, fair value estimates of commodity derivatives and estimates of income taxes, including deferred tax valuation allowances.</span></div>
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
21939000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
11036000 usd
CY2024Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
14273000 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
13299000 usd
CY2023Q4 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
1279000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
1407000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
27021000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
208158000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
195614000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
628711000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
514896000 usd
CY2024Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
3148667000 usd
CY2023Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
2859642000 usd
CY2024Q3 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
1622601000 usd
CY2023Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
1769341000 usd
CY2024Q3 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
4771268000 usd
CY2023Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
4628983000 usd
CY2024Q3 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
1016173000 usd
CY2023Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
866352000 usd
CY2024Q3 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
3755095000 usd
CY2023Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
3762631000 usd
CY2024Q3 us-gaap Land
Land
5688000 usd
CY2023Q4 us-gaap Land
Land
5688000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3760783000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3768319000 usd
CY2024Q3 vnom Mineral Properties Net Royalty Acres
MineralPropertiesNetRoyaltyAcres
32567 acre
CY2023Q4 vnom Mineral Properties Net Royalty Acres
MineralPropertiesNetRoyaltyAcres
34217 acre
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2023Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2024Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6098000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6903000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
2747000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3365000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
821505000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1083082000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
48917000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
78599000 usd
us-gaap Net Income Loss
NetIncomeLoss
149178000 usd
us-gaap Net Income Loss
NetIncomeLoss
143116000 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
123000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
146000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
295000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
263000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
48794000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
78453000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
148883000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
142853000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93695000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70925000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90895000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71803000 shares
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
52000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
94000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93747000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70925000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90989000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71803000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.99
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.99
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17194000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21879000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42729000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39735000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.136
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.096
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.114
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.096
CY2024Q1 vnom Deferred Income Tax Assets Recognized Increase
DeferredIncomeTaxAssetsRecognizedIncrease
28200000 usd
CY2024Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
10800000 usd
CY2024Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
0 usd
CY2023Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
0 usd
CY2024Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
7410000 usd
CY2023Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2988000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
5264000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-30685000 usd
CY2024Q3 vnom Cash Receipts From Payments On Derivatives Net
CashReceiptsFromPaymentsOnDerivativesNet
187000 usd
CY2023Q3 vnom Cash Receipts From Payments On Derivatives Net
CashReceiptsFromPaymentsOnDerivativesNet
-3807000 usd
vnom Cash Receipts From Payments On Derivatives Net
CashReceiptsFromPaymentsOnDerivativesNet
-2038000 usd
vnom Cash Receipts From Payments On Derivatives Net
CashReceiptsFromPaymentsOnDerivativesNet
-10019000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
vnom-20240930_cal.xml Edgar Link unprocessable
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0001602065-24-000084-index.html Edgar Link pending
0001602065-24-000084.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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