Recent Updates — VNOM
On September 15, 2026, Viper Energy, Inc.'s Board of Directors increased its size by one director and appointed John Grotzinger to serve as a director. Dr. Grotzinger brings over 40 years of experience in geology and planetary science, including roles at Caltech and NASA's Mars Science Laboratory mission. He will hold office until the 2027 annual meeting or his earlier removal. Following this appointment, the Board consists of nine directors. Viper Energy operates in the oil and gas industry, focusing on unconventional resource development.
Viper Energy completed the acquisition of mineral and royalty interests from Diamondback Energy on September 1, 2026, as part of its previously announced '2026 Drop Down' transaction. The company acquired these assets in exchange for issuing 3,815,459 units representing limited liability company membership interests in a consolidated subsidiary and an equivalent number of shares of Class B common stock. This unregistered issuance relied on the Section 4(a)(2) exemption from Securities Act registration requirements. Viper Energy operates in the oil and gas industry, focusing on the acquisition and development of mineral and royalty assets.
Viper Energy reported second quarter 2026 net income attributable to Viper of $142 million ($0.73 per share), driven by strong oil prices averaging $98.28 per barrel and production of 65,077 bo/d. The company declared a Q2 base dividend of $0.38 per share and a variable dividend of $0.29 per share, totaling $0.67 per share, payable August 20, 2026 to holders of record on August 13, 2026. Additionally, the Board approved a 32% increase in the annual base dividend to $2.00 per share effective Q3 2026 and revised its capital return framework by removing the quarterly commitment to distribute at least 75% of cash available for distribution. Viper also announced an acquisition of approximately 933 net royalty acres from Diamondback Energy in exchange for 3.7 million OpCo Units, expected to close late Q3 2026. The company operates as a mineral and royalty interest owner primarily in the Permian Basin.
Viper Energy, Inc. filed a prospectus supplement to its automatic shelf registration statement on Form S-3 with the SEC. This 8-K serves to provide the legal opinion from Latham & Watkins LLP regarding the legality of the issuance and sale of securities described in said prospectus supplement. Viper Energy, Inc. is an energy company focused on acquiring and managing mineral and royalty interests.
Viper Energy, Inc. entered into a first amendment to its credit agreement with Viper Energy Partners LP and Wells Fargo Bank, National Association. The amendment extended the maturity date to June 12, 2031, increased total commitments from $1.5 billion to $2.0 billion, and reduced interest rates and certain fees. Viper Energy, Inc. is an energy company that manages leasehold interests in oil and gas properties.