Viper Energy, a subsidiary of Diamondback Energy, announced a 32% increase in its base dividend to $2.00 per Class A share annually and removed its quarterly commitment to return at least 75% of cash available for distribution. The higher base dividend, implying a 4.5% annualized yield, is expected to be fully protected down to approximately $30 per barrel WTI and will represent about 50% of cash available for distribution at $70 per barrel WTI. The revised return-of-capital framework gives the company more flexibility for opportunistic share repurchases and accretive M&A. For the second quarter of 2026, Viper reported average production of 65,077 barrels of oil per day, consolidated net income of $331 million, and cash available for distribution of $262 million, or $1.37 per Class A common share. The board declared a total second-quarter dividend of $0.67 per share, consisting of a $0.38 base and a $0.29 variable component, and the company repurchased approximately 3.0 million shares for about $132 million during the quarter.
Viper Energy UtViper Energy raises base dividend 32% and removes payout rule, enhancing shareholder returns.
Diamondback Energy IncViper Energy, a subsidiary, boosts dividend and increases flexibility, reflecting positively on parent Diamondback.
Rogers Corporation