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Get filing alertsViper Energy raises base dividend 32% to $2.00/share annually, reports Q2 results
Filed August 3, 2026 · Period ending August 3, 2026 · ~1 min read
Key Changes
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high
Board approved 32% increase to base dividend to $2.00/share annually starting Q3 2026, implying 4.5% yield at current price; new base protected down to $30/bbl WTI and represents ~50% of cash available for distribution at $70/bbl WTI
Exhibit 99.1 view on EDGAR → -
high
Q2 2026 net income attributable to Viper of $142M ($0.73/share); adjusted net income $345M ($1.78/share); cash available for distribution $262M ($1.37/share); declared Q2 dividend $0.67/share (base $0.38 plus variable $0.29)
Exhibit 99.1 view on EDGAR → -
medium
Entered definitive agreement to acquire ~933 net royalty acres from parent Diamondback for ~3.7M OpCo Units plus equal Class B shares; expected to close late Q3 2026
Exhibit 99.1 view on EDGAR → -
medium
Raised full-year 2026 production guidance to 66,000-67,250 bo/d (132,500-135,000 boe/d); Q2 2026 production averaged 65,077 bo/d (134,363 boe/d)
Exhibit 99.1 view on EDGAR → -
medium
Repurchased 3.0M Class A shares in Q2 2026 for $132M (avg $44.34/share) and 0.7M shares in Q3 through July 31 for $29M (avg $42.82/share); $984M remains on buyback authorization
Exhibit 99.1 view on EDGAR →
Summary
Viper Energy announced a substantial 32% increase to its base dividend, raising it to $2.00 per Class A share annually starting in Q3 2026. The company emphasized the new base dividend is protected down to $30/bbl WTI and represents approximately 50% of cash available for distribution at $70/bbl WTI, implying a 4.5% annualized yield at the current stock price.
Viper is also removing its prior commitment to return at least 75% of cash available for distribution each quarter, giving management more flexibility for share buybacks and acquisitions. The dividend increase follows solid Q2 2026 results, with net income attributable to Viper of $142 million ($0.73/share) and adjusted net income of $345 million ($1.78/share).
The company declared a Q2 dividend of $0.67/share, comprising a $0.38 base and $0.29 variable component. Viper also announced a pending acquisition of approximately 933 net royalty acres from parent Diamondback for roughly 3.7 million OpCo Units, expected to close late Q3 2026. The company raised full-year 2026 production guidance to 66,000-67,250 bo/d and continued its share repurchase program, buying back 3.0 million shares in Q2 for $132 million. The combination of a higher protected base dividend, continued buybacks, and bolt-on acquisitions reflects Viper's strategy to return capital while selectively growing its mineral footprint.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Viper Energy reported Q2 2026 results and announced Q2 dividends plus an increase in the annual base dividend starting Q3 2026.
Added in current filing · verify on EDGAR →
Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., issued a press release reporting financial and operating results for the second quarter ended June 30, 2026 and announcing (i) the second quarter 2026 base and variable cash dividends and (ii) an increase in the annual base dividend beginning with the third quarter of 2026.
Viper Energy disclosed Q2 2026 financial and operating results and announced both Q2 2026 base and variable cash dividends. Additionally, the company announced an increase in its annual base dividend starting in Q3 2026. The specific financial figures, dividend amounts, and the magnitude of the base dividend increase are contained in the attached press release (Exhibit 99.1), which is not included in this 8-K body text.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
effective Q3 2026 the Board of Directors of Viper has approved a 32% increase to its base dividend, or an amount equal to $2.00 per Class A share annually. This increased base dividend, which would imply a 4.5% annualized yield at today’s stock price, is expected to be fully protected down to approximately $30 per barrel WTI and will represent approximately 50% of cash available for distribution at $70 per barrel WTI.
Viper's board approved a 32% increase to the base dividend, raising it to $2.00 per Class A share annually (from an implied prior level of approximately $1.52). The company states this new base dividend is protected down to $30/bbl WTI and represents about 50% of cash available for distribution at $70/bbl WTI, implying a 4.5% annualized yield at the current stock price. The company is also removing its prior commitment to return at least 75% of cash available for distribution each quarter, giving it more flexibility for share buybacks and M&A.
Added in current filing · view on EDGAR →
On August 3, 2026, the Company’s subsidiary Viper Energy Partners LP entered into a definitive agreement to acquire certain mineral and royalty interests representing approximately 933 net royalty acres from Diamondback and related subsidiaries in exchange for approximately 3.7 million units in the Company’s operating subsidiary, VNOM Holding Company LLC (“OpCo Units”) (along with an accompanying equal amount of Class B common stock of the Company); acquisition is expected to close late Q3 2026 and is subject to customary closing conditions
Viper announced a definitive agreement to acquire approximately 933 net royalty acres of mineral and royalty interests from its parent Diamondback and related subsidiaries. The consideration is approximately 3.7 million OpCo Units (plus an equal amount of $2.00 Class B common stock). The transaction is expected to close in late Q3 2026, subject to customary closing conditions.
Added in current filing · view on EDGAR →
During Q2 2026, repurchased approximately 3.0 million shares of the Company’s Class A common stock for an aggregate purchase price of approximately $132 million, excluding excise tax (average price of $44.34 per share) ... During Q3 2026 through July 31, 2026, repurchased approximately 0.7 million shares of the Company’s Class A common stock for an aggregate purchase price of approximately $29 million, excluding excise tax (average price of $42.82 per Class A Common share)
Viper repurchased approximately 3.0 million Class A shares in Q2 2026 for $132 million (average $44.34/share) and an additional 0.7 million shares in Q3 2026 through July 31 for $29 million (average $42.82/share). Since program inception in November 2020 through July 31, 2026, the company has repurchased approximately 24.3 million shares for $766 million (average $31.50/share), with approximately $984 million remaining on its buyback authorization.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 4, 2026 · How we verify