Viper Energy (VNOM) reported Q1 adjusted net income late Monday of $0.54 per diluted share, up from $0.52 a year earlier.
Analysts polled by FactSet expected $0.47.
Revenue in the three months ended March 31 rose to $245 million from $205 million a year earlier.
Analysts polled by FactSet expected $246.5 million.
Shares of the company rose 2% in after-hours trading.