VNOM (Viper Energy) Debt-to-Equity: 0.33 (As of Jun. 2026) — 57% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

VNOM Viper Energy Inc VNOM
93 GF Score
Price $45.39
GF Value $50.24
Valuation Modestly Undervalued
! 10 Warning Signs
View Full Analysis

What is Viper Energy Debt-to-Equity?

Viper Energy VNOM +1.34% 93 Debt-to-Equity is 0.33 as of Jun. 2026, which is 57% below its 10-year median of 0.76. GuruFocus rates VNOM with a GF Score™ of 93/100 and a GF Value™ of $50.24 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 806 Oil & Gas companies, Viper Energy ranks better than 58.68% on this metric.

Viper Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $0 Mil. Viper Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $1,678 Mil. Viper Energy's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $5,035 Mil. Viper Energy's debt to equity for the quarter that ended in Jun. 2026 was 0.33.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Viper Energy's Debt-to-Equity or its related term are showing as below:

VNOM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.76   Max: 1.07
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Viper Energy was 1.07. The lowest was 0.04. And the median was 0.76.

VNOM's Debt-to-Equity is ranked better than
58.68% of 806 companies
in the Oil & Gas industry
Industry Median: 0.44 vs VNOM: 0.33

Viper Energy  (NAS:VNOM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Viper Energy Debt-to-Equity Related Terms


Viper Energy Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Viper Energy's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Viper Energy Debt-to-Equity Chart

Viper Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.84 1.07 0.64 0.49

Viper Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.57 0.49 0.31 0.33

VNOM vs PAA, DTM, WES: Debt-to-Equity Comparison

For the Oil & Gas Midstream subindustry, Viper Energy's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Viper Energy Debt-to-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Viper Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Viper Energy's Debt-to-Equity falls into.


VNOM
93GF Score
Viper Energy Inc VNOM
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Viper Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Viper Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Viper Energy's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.33 mean?
Viper Energy (VNOM) has a Debt-to-Equity of 0.33 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Viper Energy and its competitors. This is 57% below median its historical median of 0.76. Over the past decade, Viper Energy's Debt-to-Equity has ranged from 0.04 to 1.07. According to the industry distribution chart, Viper Energy ranks #333 out of 806 companies in the Oil & Gas industry, placing it in the top 41.3%.
Is Viper Energy's Debt-to-Equity too high?
Viper Energy's current Debt-to-Equity of 0.33 is 57% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 1.07. The Oil & Gas industry median Debt-to-Equity is 0.44. Viper Energy's value of 0.33 is 25% below this industry median. Based on the distribution chart, Viper Energy ranks #333 out of 806 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Viper Energy has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Viper Energy's Debt-to-Equity compare to PAA and DTM?
According to the Oil & Gas industry distribution chart, Viper Energy ranks #333 out of 806 companies for Debt-to-Equity. This puts Viper Energy in the upper half of its industry. The industry median Debt-to-Equity is 0.44. Viper Energy's value of 0.33 is 25% below this benchmark. Historically, Viper Energy's own Debt-to-Equity has ranged from 0.04 to 1.07 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.44, Viper Energy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.44, based on 806 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Viper Energy's current Debt-to-Equity of 0.33 is 25% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Viper Energy and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viper Energy's current Debt-to-Equity is 0.33, which is 57% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viper Energy stock overvalued right now?
Based on GuruFocus' analysis, Viper Energy (VNOM) is currently considered Modestly Undervalued. The stock's GF Value™ is $50.24, compared to a current price of $45.39 — trading 9.7% below its estimated fair value. The current Debt-to-Equity is 0.33, which is 57% below median its 10-year median of 0.76 and 25% below the Oil & Gas industry median of 0.44. Viper Energy's overall GF Score™ is 93/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Viper Energy (VNOM), the current Debt-to-Equity is 0.33 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Viper Energy (VNOM) Overvalued in 2026?

Based on GuruFocus' analysis, Viper Energy stock appears to be undervalued. The current stock price of $45.39 is trading 9.7% below its estimated GF Value™ of $50.24. GuruFocus considers Viper Energy to be Modestly Undervalued.

Key valuation signals for VNOM:

  • Debt-to-Equity: 0.33 (57% below median its 10-year median of 0.76)
  • GF Value™: $50.24 vs. price of $45.39 (9.7% below fair value)
  • GF Score™: 93/100 with 10 warning signs
  • Industry Position: 25% below the Oil & Gas median (#333 of 806)

No single metric tells the full story. See the VNOM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Viper Energy Business Description

Industry EnergyOil & Gas
Other Exchanges 1XJ:Germany
Address 500 West Texas Avenue, Suite 100, Midland, TX, USA, 79701
Viper Energy Inc is focused on owning and acquiring mineral and royalty interests in oil and natural gas properties in the Permian Basin. The Permian Basin is known to have a number of zones of oil and natural gas-bearing rock throughout.
93GF Score

Get the complete analysis for VNOM

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$45.39
Price
$50.24
GF Value