Quarterly ResultMay 6, 2026, 04:14 PM
Viper Energy Divests Non-Permian Assets for $610M; Repays $590M Debt
AI Summary
Viper Energy, Inc. reported a significant increase in total operating income for Q1 2026, reaching $511 million, up from $245 million in Q1 2025. Net income attributable to Viper Energy, Inc. rose to $97 million from $75 million year-over-year, though basic EPS decreased to $0.54 from $0.62 due to a higher share count. The company completed the divestiture of its non-Permian assets for $610 million, using the proceeds to repay $590 million in debt, including a $500 million Term Loan and $90 million from its Revolving Credit Facility.
Key Highlights
- Divested non-Permian assets for $610 million net cash proceeds in Q1 2026.
- Repaid $500 million Term Loan and $90 million Revolving Credit Facility using divestiture proceeds.
- Total operating income increased 108.6% to $511 million for Q1 2026.
- Net income attributable to Viper Energy, Inc. rose 29.3% to $97 million.
- Basic earnings per share decreased to $0.54 from $0.62 year-over-year.
- Net cash provided by operating activities increased to $328 million.
- Repurchased $50 million of Class A Common Stock and $46 million of OpCo Units.
- Declared $100 million in dividends to stockholders for the quarter.