| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 496.00 | 103.3% |
| Total Income | 496.00 | 103.3% |
| Expenditure | 243.00 | 173.0% |
| PBT | 243.00 | 39.7% |
| Net Profit | 97.00 | 29.3% |
| OPM | 51.01% | 12.52pp |
| NPM | 19.56% | 11.18pp |
| EPS | 0.54 | 12.9% |
Viper Energy Reports Q1 2026 Net Income of $97 million
05 May 2026 · 5 May, 1:38 am
Summary
Viper Energy, Inc. announced its financial and operating results for the first quarter ended March 31, 2026. The company reported an average production of 65,000 bo/d (130,711 boe/d) and a consolidated net income of $215 million. Viper declared a total base-plus-variable dividend of $0.68 per Class A common share. During the quarter, Viper repurchased 2.2 million shares of its common stock for approximately $96 million and closed the divestiture of its non-Permian assets for net proceeds of approximately $610 million.
Key Highlights
- 1
Viper Energy reported Q1 2026 average production of 65,000 bo/d (130,711 boe/d).
- 2
The company's Q1 2026 lease bonus income totaled $15 million.
- 3
Consolidated net income for Q1 2026 was $215 million, with net income attributable to Viper at $97 million, or $0.53 per Class A common share.
- 4
Cash available for distribution to Viper’s Class A common shares in Q1 2026 was $204 million, or $1.05 per Class A common share.
- 5
Viper declared a Q1 2026 base cash dividend of $0.38 per Class A common share and a variable cash dividend of $0.30 per Class A common share.
- 6
During Q1 2026, the company repurchased 2.2 million shares of its common stock for approximately $96 million.
- 7
Net debt decreased by $600 million from December 31, 2025, reaching $1.59 billion as of March 31, 2026.
Management Comments
Kaes Van’t Hof
Viper delivered a strong start to 2026 as we continued to differentially execute on all aspects of our business. Production during the quarter exceeded expectations, and that momentum is carrying into an increased growth outlook for the remainder of 2026. Viper further delivered on our comprehensive capital allocation strategy, which we are uniquely positioned to execute given our capital-light business model and high free cash flow margins. During the quarter, we paid down nearly $600 million in debt, repurchased almost $100 million in shares and are now set to pay a dividend providing an approximate 5.5% annualized yield. We also today announced the Riverbend Acquisition, which is a continuation of our strategy to consolidate the highly fragmented minerals and royalty sector in an accretive, yet disciplined, manner.
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