AcquisitionsMay 4, 2026, 04:04 PM
Viper Energy Acquires Riverbend; Q1 Production Exceeds Expectations
AI Summary
Viper Energy announced strong Q1 2026 financial and operating results, alongside a definitive agreement to acquire Riverbend Oil & Gas IX for $337 million in cash and approximately 3.7 million Class A common shares. The acquisition is expected to add 2,000 bo/d of production and be immediately accretive to key financial metrics. The company reported Q1 2026 average production of 65,000 bo/d, net income attributable to Viper of $97 million, and declared a total dividend of $0.68 per Class A common share. Additionally, Viper repurchased 2.2 million shares for $96 million and reduced net debt by $600 million during the quarter.
Key Highlights
- Viper Energy to acquire Riverbend Oil & Gas IX for $337 million cash and 3.7 million Class A shares.
- Riverbend Acquisition expected to add 2,000 bo/d (~4,000 boe/d) average production over next 12 months.
- Q1 2026 average production was 65,000 bo/d (130,711 boe/d), exceeding expectations.
- Q1 2026 net income attributable to Viper was $97 million, or $0.53 per Class A common share.
- Declared Q1 2026 total base-plus-variable cash dividend of $0.68 per Class A common share.
- Repurchased 2.2 million shares for approximately $96 million in Q1 2026.
- Net debt decreased by $600 million to $1.59 billion as of March 31, 2026.
- Full year 2026 net production guidance (standalone) is 64,500 - 66,500 bo/d.