Viper Energy, Inc. VNOM

Competitive advantage analysis · energy

Corporate Default
Overall moat score
28/100
Developing

Ranked against 67 peers in Oil & Gas Midstream

About Viper Energy, Inc.

Viper Energy, Inc. owns, acquires, and exploits oil and natural gas properties in North America. It focuses on owning and acquiring mineral and royalty interests in the Permian Basin. Viper Energy, Inc. was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc. in November 2023. Viper Energy, Inc. was founded in 2013 and is … Full VNOM analysis →

Key strengths

  • Strong Liquidity Buffer Liquidity position is strong (score 0.87), providing operational cushion.

Key risks

  • ROIC Below WACC or Peers ROIC at 3.3th percentile suggests inefficient capital deployment.
  • Scale Without Profitability Despite scale, profitability lags peers (score 0.36), suggesting limited competitive advantage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Pricing Power

Weak
15
Premium

Signals, strengths and risks for Pricing Power

Premium

Signals, strengths and risks for Cost Advantage

Premium

Signals, strengths and risks for Customer Stickiness

Premium

Signals, strengths and risks for Capital Efficiency

Premium

Signals, strengths and risks for Resilience

Premium

Signals, strengths and risks for Scale & Market Position

Where VNOM ranks in Oil & Gas Midstream

Viper Energy, Inc. ranks #53 of 56 scored companies in Oil & Gas Midstream by moat score — the top 95%. The widest moat in the group is Hess Midstream LP (HESM) at 84/100.

# Company Moat score Rating
48 Pyxis Tankers Inc. PXS 33/100 Developing
49 NGL ENERGY PARTNERS LP NGL 32/100 Developing
50 CBL International Limited BANL 30/100 Developing
51 Summit Midstream Corporation SMC 29/100 Developing
52 Nordic American Tankers Limited NAT 28/100 Developing
53 Viper Energy, Inc. VNOM 28/100 Developing
54 BP Prudhoe Bay Royalty Trust BPT 0/100 Weak
55 Brooge Energy Limited BROG 0/100 Weak
56 EnLink Midstream, LLC ENLC 0/100 Weak

See every Commodities & Mining company ranked by moat score →

How VNOM scores on the Corporate Default defenses

Pricing Power

Score 15 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 36 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 43 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 10 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 43 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 23 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding VNOM's moat

What is Viper Energy, Inc.'s moat score?

Viper Energy, Inc. (VNOM) scores 28 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #53 of 56 scored companies in Oil & Gas Midstream, the top 95%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 67 companies in Oil & Gas Midstream. Its strongest defense is Customer Stickiness (43/100) and its weakest is Capital Efficiency (10/100).

How does Viper Energy, Inc. compare with other Oil & Gas Midstream companies?

Viper Energy, Inc. ranks #53 of 56 scored companies in Oil & Gas Midstream by moat score. The widest moat in Oil & Gas Midstream is Hess Midstream LP (HESM) at 84/100. The companies ranked closest are Nordic American Tankers Limited (NAT) at 28 just above it and BP Prudhoe Bay Royalty Trust (BPT) at 0 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 67 companies in Oil & Gas Midstream. The defenses are then weighted to produce the overall score out of 100.

Why is Viper Energy, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Viper Energy, Inc.?

The Corporate Default template measures 6 defenses, and VNOM scores: Pricing Power (15), Cost Advantage (36), Customer Stickiness (43), Capital Efficiency (10), Resilience (43), Scale & Market Position (23). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

Send Feedback
Please select a category.
0/1000