VNOM

EX-99.1

2 viperex991-5x4x26.htm

EX-99.1

Document

Exhibit 99.1

VIPER ENERGY, INC., A SUBSIDIARY OF DIAMONDBACK ENERGY, INC., REPORTS FIRST QUARTER 2026 FINANCIAL AND OPERATING RESULTS

MIDLAND, Texas, May 4, 2026 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) (“Viper,” “we,” “our” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the first quarter ended March 31, 2026.

FIRST QUARTER HIGHLIGHTS

•Q1 2026 average production of 65,000 bo/d (130,711 boe/d)

•Q1 2026 lease bonus income of $15 million

•Q1 2026 consolidated net income (including non-controlling interest) of $215 million; net income attributable to Viper of $97 million, or $0.53 per Class A common share; consolidated adjusted net income of $221 million, or $1.22 per Class A common share

•Q1 2026 cash available for distribution to Viper’s Class A common shares (as defined and reconciled below) of $204 million, or $1.05 per Class A common share

•Declared Q1 2026 base cash dividend of $0.38 per Class A common share; implies a 3.0% annualized yield based on the May 1, 2026 Class A common share closing price of $49.90

•Declared Q1 2026 variable cash dividend of $0.30 per Class A common share; total base-plus-variable dividend of $0.68 per Class A common share implies a 5.5% annualized yield based on the May 1, 2026 Class A common share closing price of $49.90

•During Q1 2026, repurchased 2.2 million shares of the Company’s common stock (including both Class A shares and Class B shares paired with OpCo units) for an aggregate purchase price of approximately $96 million, excluding excise tax (average price of $43.59 per share)

•Total Q1 2026 return of capital to Class A stockholders of $183 million, or $0.94 per Class A common share, represents 90% of cash available for distribution

•655 total gross (15.3 net 100% royalty interest) horizontal wells turned to production on Viper’s Permian Basin acreage during Q1 2026 with an average lateral length of 11,583 feet

•On February 9, 2026, closed the divestiture of Viper’s non-Permian assets to an affiliate of GRP Energy Capital LLC and Warwick Capital Partners LLP for net proceeds of approximately $610 million (including transaction costs and customary post-closing adjustments)

•As of March 31, 2026, the Company had $28 million in cash and total debt outstanding (excluding debt issuance costs, discounts and premiums) of $1.62 billion, resulting in net debt (as defined and reconciled below) of $1.59 billion, or a decrease of $600 million in net debt from December 31, 2025

MAY 2026 ACQUISITION

On May 1, 2026, the Company and Viper Energy Partners LP, an indirect wholly owned subsidiary of the Company, entered into a definitive purchase and sale agreement to acquire all of the equity interests of Riverbend Oil & Gas IX, L.L.C., an entity owning certain mineral and royalty interests, from Riverbend

Oil & Gas IX (AIV), L.L.C. and ROG IX, L.L.C. (collectively, “Riverbend”) (the “Riverbend Acquisition”) in exchange for $337 million in cash and approximately 3.7 million shares of Viper’s Class A common stock, subject to customary closing adjustments. The cash portion of the transaction is expected to be funded through a combination of cash on hand and borrowings under the Company’s credit facility. This transaction is expected to close in early Q3 2026, subject to customary closing adjustments. Acquisition highlights are as follows:

•3,064 net royalty acres, roughly evenly split between the Midland and Delaware Basins; approximately 75% overlap with existing Viper acreage position

•Midland Basin primary operators include ExxonMobil and Diamondback; Delaware Basin primary operators include ConocoPhillips, EOG Resources, Occidental Petroleum and Permian Resources

•Expected next 12 months’ average production of approximately 2,000 bo/d (~4,000 boe/d)

•Expected to add approximately 1,000 bo/d of production to the midpoint of standalone Viper’s full year 2026 production guidance range of 64,500 - 66,500 bo/d

•Expected to be immediately accretive to key financial and operational metrics

•Expect pro forma net debt upon closing of approximately $1.8 billion, equating to pro forma leverage of approximately 1.1x at $55 per barrel WTI

“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,” said Kaes Van’t Hof, Chief Executive Officer of Viper.

Mr. Van’t Hof continued, “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 approxim

vnom-20260223false000207417600020741762026-02-232026-02-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 23, 2026

VIPER ENERGY, INC.

(Exact name of registrant as specified in its charter)

DE 001-42807 39-2596878

(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip Code)

(432) 221-7400 Registrant’s telephone number, including area code

Not Applicable (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Class A Common Stock, $0.000001 Par Value VNOMThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.    Results of Operations and Financial Condition.

On February 23, 2026, Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., issued a press release reporting financial and operating results for the fourth quarter and full year ended December 31, 2025 and announcing (i) the fourth quarter 2025 base and variable cash dividends, (ii) an increase in the annual base dividend beginning with the fourth quarter of 2025, and (iii) an increase in the share buyback authorization. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description 99.1Press release dated February 23, 2026, entitled “Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2025 Financial and Operating Results; Increases Base Dividend and Share Buyback Authorization.”

104Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

VIPER ENERGY, INC.

Date:February 23, 2026

By:/s/ Teresa L. Dick Name:Teresa L. Dick Title:Chief Financial Officer, Executive Vice President and Assistant Secretary

vnom-20251103false000207417600020741762025-11-032025-11-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) November 3, 2025

VIPER ENERGY, INC.

(Exact name of registrant as specified in its charter)

DE 001-42807 39-2596878

(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip Code)

(432) 221-7400 Registrant's telephone number, including area code

Not Applicable (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Class A Common Stock, $0.000001 Par Value VNOMThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Item 2.02.    Results of Operations and Financial Condition.

On November 3, 2025, Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., issued a press release reporting financial and operating results for the third quarter ended September 30, 2025, announcing the third quarter 2025 base and variable cash dividends and announcing the divestiture of its non-Permian assets. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description 99.1Press release dated November 3, 2025, entitled “Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Third Quarter 2025 Financial and Operating Results; Announces Divestiture of Non-Permian Assets.”

104Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

VIPER ENERGY, INC.

Date:November 3, 2025

By:/s/ Teresa L. Dick Name:Teresa L. Dick Title:Chief Financial Officer, Executive Vice President and Assistant Secretary