Quarterly ResultMay 4, 2026, 04:08 PM
Viper Energy Q1 Net Income $97M; Declares $0.68 Dividend; Acquires Riverbend
AI Summary
Viper Energy, Inc. reported strong Q1 2026 financial and operating results, with net income attributable to Viper of $97 million ($0.53 per share) and average production of 130,711 boe/d. The company declared a total Q1 dividend of $0.68 per Class A common share ($0.38 base, $0.30 variable). Viper also announced the acquisition of Riverbend Oil & Gas IX for $337 million in cash and 3.7 million shares, expected to close in early Q3 2026, and completed the divestiture of non-Permian assets for $610 million, significantly reducing net debt.
Key Highlights
- Acquired Riverbend Oil & Gas IX for $337M cash and 3.7M Class A shares, adding 3,064 net royalty acres.
- Q1 2026 net income attributable to Viper Energy was $97 million, or $0.53 per Class A common share.
- Q1 2026 average production was 130,711 boe/d (65,000 bo/d).
- Declared Q1 2026 total cash dividend of $0.68 per Class A common share ($0.38 base, $0.30 variable).
- Repurchased 2.2 million shares for approximately $96 million (average $43.59/share) in Q1 2026.
- Closed divestiture of non-Permian assets for net proceeds of approximately $610 million.
- Net debt decreased by $600 million to $1.59 billion as of March 31, 2026.
- Full year 2026 net production guidance (standalone) is 126,000 - 130,000 boe/d.