v3.26.1
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Pending Riverbend 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”) for consideration consisting of (i) approximately $337 million in cash, and (ii) 3,689,865 shares of the Company’s Class A Common Stock, in each case, subject to customary closing adjustments (the “Pending Riverbend Acquisition”).

The mineral and royalty interests to be acquired in the Pending Riverbend Acquisition represent approximately 3,064 net royalty acres in the Permian Basin with expected next 12 months’ average oil production of approximately 2,000 BO/d, and expected to add approximately 1,000 BO/d of production to the midpoint of the Company’s standalone full year production guidance.

The Pending Riverbend Acquisition is expected to close during the third quarter of 2026, subject to customary closing conditions. The Company intends to fund the cash portion of the Pending Riverbend Acquisition through a combination of cash on hand and borrowings under the Company’s Revolving Credit Facility.

Cash Dividend

On April 29, 2026, our board of directors approved a cash dividend for the first quarter of 2026 of $0.68 per share of Class A Common Stock and $0.86 per OpCo Unit, in each case, payable on May 21, 2026, to holders of record at the close of business on May 14, 2026. The dividend on Class A Common Stock consists of a base quarterly dividend of $0.38 per share and a variable quarterly dividend of $0.30 per share.