Viper reported Q4 2025 average production of 66,413 bo/d (134,000 boe/d) and a consolidated net loss (including non-controlling interest) of USD 246 million, with net loss attributable to shareholders of USD 103 million, or USD 0.61 per Class A share. Consolidated adjusted net income was USD 121 million, or USD 0.72 per Class A share, and cash available for distribution to Class A shares was USD 145 million, or USD 0.85 per Class A share. The company declared a Q4 base dividend of USD 0.38 per share and a variable dividend of USD 0.14 per share, for a total dividend of USD 0.52 per share. For FY 2025, Viper posted average production of 48,973 bo/d (95,126 boe/d), a consolidated net loss of USD 206 million and a net loss attributable to shareholders of USD 68 million, or USD 0.48 per Class A share, while consolidated adjusted EBITDA was USD 1.3 billion. FY 2025 dividends totaled USD 2.20 per Class A share, and lease bonus income was USD 48 million. Viper said the Q4 net loss was primarily driven by a USD 408 million non-cash impairment related to properties acquired in the May 1, 2025 drop down transaction being recorded at Diamondback’s historical carrying value. In Q4, the company repurchased 2.4 million shares for USD 94 million, and for FY 2025 repurchased about 5.0 million shares for USD 194 million; it also increased its share repurchase authorization by USD 1.0 billion, leaving about USD 1.2 billion remaining. The company raised its base dividend 15% to USD 1.52 per share annually and closed the divestiture of its non-Permian assets on February 9, 2026 for net proceeds of about USD 617 million, which it used to fully repay USD 500 million of term loan borrowings and repay its revolving credit facility balance. Proved reserves at December 31, 2025 were 406,035 Mboe (78% PDP, 48% oil), with a standardized measure of USD 6.6 billion and PV-10 of about USD 7.4 billion, and the company initiated Q1 2026 production guidance of 62,500 to 64,500 bo/d (124,000 to 128,000 boe/d) and FY 2026 guidance of 61,000 to 67,000 bo/d (120,000 to 132,000 boe/d).

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Viper Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0002074176-26-000005), on February 23, 2026, and is solely responsible for the information contained therein.