Viper Energy reports strong Q1 2026 with $215M net income, $204M cash distribution, and announces $337M Riverbend acquisition.

Viper Energy, a subsidiary of Diamondback Energy, reported a strong first quarter of 2026 with net income of $215 million and cash available for distribution of $204 million, translating to $1.05 per Class A share. The company declared a total dividend of $0.68 per share, combining base and variable dividends, implying a 5.5% annualized yield. Viper repurchased 2.2 million shares for $96 million and reduced net debt by $600 million to $1.59 billion. Additionally, Viper announced the $337 million acquisition of Riverbend Oil & Gas IX, expected to add 2,000 barrels of oil per day and close in early Q3 2026, further boosting production and financial metrics.