GlobeNewswire·Nov 5, 2026, 5:38 PM ET

Viper Energy Adopts Distribution Reinvestment Plan; Diamondback to Reinvest Its Distributions in Viper Equity

Viper Energy, Inc. (NASDAQ: VNOM) has adopted an OpCo DRIP allowing holders of its operating subsidiary units to reinvest cash distributions into additional units and Viper Class B common stock.
Diamondback Energy, Inc. (NASDAQ: FANG), Viper's largest stockholder, elected to participate in the OpCo DRIP starting with the third-quarter distribution payable on November 19, 2026.
The OpCo DRIP was unanimously approved by Viper's audit committee and board of directors, with future Diamondback participation subject to quarterly review.
Viper CEO Kaes Van't Hof stated the reinvestment aligns interests with public stockholders, strengthens the relationship with Diamondback, and increases flexibility for Class A share repurchases.
Securities issued under the OpCo DRIP are unregistered under the Securities Act of 1933 and will be detailed in a future Form 8-K filed with the SEC.
Viper arranged for Computershare Trust Company, N.A. to offer a separate dividend reinvestment program for registered holders of Class A common stock.
Viper Energy is a corporation formed by Diamondback to own mineral and royalty interests primarily in the Permian Basin.
The press release includes forward-looking statements regarding future participation, strategies, and financial projections subject to risks such as commodity price changes and distribution timing.