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The Penrose inequality compares asymptotic energy and an appropriate horizon or enclosing area in geometrized units. Its physical motivation uses censorship, positive radiated energy, settling to a Kerr black hole, and Hawking's area theorem. The area variable requires care: the area of an arbitrary apparent horizon on non-time-symmetric data does not give a universally valid inequality. The Riemannian Penrose inequality uses the relevant outermost minimal surface under nonnegative scalar curvature.

For complete asymptotically flat three-dimensional Riemannian initial data with nonnegative scalar curvature and an outermost compact minimal surface boundary of area $A$, the Riemannian Penrose inequality gives the displayed bound. Equality is realized by the spatial exterior of Schwarzschild spacetime. Time-symmetric gravitational initial data have this form when the Einstein field equations and energy hypothesis give the required nonnegative curvature. This theorem does not justify substituting arbitrary non-time-symmetric apparent horizon area into the same formula.