• Viper Energy average operating margin for 2023 was 75.94%, a 1.5% decline from 2022.
• Viper Energy average operating margin for 2022 was 77.1%, a 63.52% decline from 2021.
• Viper Energy average operating margin for 2021 was 47.15%, a 1.15% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.