Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports First Quarter 2025 Financial and Operating Results

About this update from Diamondback Energy, Inc.

[{"type":"image","alt":"Viper Energy, Inc.","displaySize":"","headline":null,"caption":"Viper Energy, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":162,"url":"https://media.zenfs.com/en/globenewswire.com/2d9ed96386a3fbddbb483ac519bf43bb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/H4Xk1iObvBFOmwX3iLdn_w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIyNztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/2d9ed96386a3fbddbb483ac519bf43bb","width":300,"height":162}},"lazy":false},{"type":"text","content":"MIDLAND, Texas, May 05, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc., (NASDAQ:VNOM) (“Viper” 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, 2025.","length":279,"tagName":"p"},{"type":"text","content":"FIRST QUARTER HIGHLIGHTS","length":24,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"As previously announced, Q1 2025 average production of 31,311 bo/d (57,378 boe/d)","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Q1 2025 consolidated net income (including non-controlling interest) of $153 million; net income attributable to Viper of $75 million, or $0.62 per Class A common share","length":168,"tagName":"p"}]},{"val":[{"type":"text","content":"Q1 2025 cash available for distribution to Viper’s Class A common shares (as defined and reconciled below) of $100 million, or $0.76 per Class A common share","length":157,"tagName":"p"}]},{"val":[{"type":"text","content":"Declared Q1 2025 base cash dividend of $0.30 per Class A common share; implies a 2.9% annualized yield based on the May 2, 2025, Class A common share closing price of $42.08","length":173,"tagName":"p"}]},{"val":[{"type":"text","content":"Declared Q1 2025 variable cash dividend of $0.27 per Class A common share; total base-plus-variable dividend of $0.57 per Class A common share implies a 5.4% annualized yield based on the May 2, 2025, Class A common share closing price of $42.08","length":245,"tagName":"p"}]},{"val":[{"type":"text","content":"Total Q1 2025 return of capital to Class A shareholders of $75 million, or $0.57 per Class A common share, represents 75% of cash available for distribution","length":156,"tagName":"p"}]},{"val":[{"type":"text","content":"442 total gross (8.0 ...

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