Viper Energy Provides Q1 2025 Financial and Operating Update Amid Market Volatility

MIDLAND, TEXAS — April 16, 2025 — Viper Energy, Inc. (NASDAQ: VNOM), a subsidiary of Diamondback Energy (NASDAQ: FANG), announced its operational and financial results for Q1 2025, reporting strong production and commodity price realizations.

Q1 2025 Highlights:

Average daily oil production: 31,311 barrels (total 57,367 BOE/d)

Average unhedged prices: $71.33/bbl oil, $24.52/bbl NGL, $2.08/Mcf gas

Average hedged prices: $70.26/bbl oil, $24.52/bbl NGL, $3.74/Mcf gas

Hedging gains: $9.1 million realized

Q2 2025 to Date:

Repurchased 176,771 shares for $6.6 million (avg. $37.27/share)

$427.6 million remains available under current repurchase authorization

The company emphasized strategic flexibility to continue its buyback program amid ongoing market uncertainty.