Viper Energy Partners Lp Stock Earnings Reports

Viper Energy reported a strong start to 2026 with production beating expectations and the company raising the midpoint of full-year oil production guidance by ~2.5%. Management expects this to represent over 5% organic growth versus pro forma 2025 exit rate, driven primarily by Diamondback's accelerated activity on Viper's high-concentration royalty acres. Viper announced the Riverbend acquisition ( >3,000 net royalty acres, ~2,000 Bo/d) for $337 million cash plus 3.7 million Class A shares; roughly 75% of the acreage overlaps Viper's existing position and the assets are complementary across Midland and Delaware exposures. Capital allocation remains shareholder-friendly: Q1 returned $0.94 per share (90% of cash available for distribution) composed of a $0.68 dividend and $0.28 share repurchases, with a stated framework to return at least 75% of cash available for distribution (and a prior commitment to return 100% if net debt was ≤ $1.5B prior to Riverbend). Management emphasized discipline on M&A valuations, expects a meaningful pipeline of both midsized tuck-ins and larger packages (particularly as private-equity-backed mineral holders consider exits), and noted that third-party operator acceleration beyond Diamondback is visible but not fully baked into guidance. Tax rate guidance remains ~27–30% of pretax income. Management also highlighted potential long-term upside from improved resource recovery/technical enhancements led by operators such as Diamondback, though those impacts are currently immaterial.