Viper Energy Adopts Distribution Reinvestment Plan; Diamondback to Reinvest Its Distributions in Viper Equity
Key Highlights
- ➤Viper adopts OpCo distribution reinvestment plan for non-Viper unit holders
- ➤Diamondback (FANG) begins reinvesting distributions in Viper equity November 19, 2026
- ➤Diamondback participation is subject to quarterly review
- ➤OpCo DRIP may enable increased Class A share repurchases
Expert Statements
Kaes Van’t Hof, Chief Executive Officer of Viper Energy
“Diamondback’s decision to reinvest its distributions in Viper is a clear statement of conviction in our assets, long-term strategy and the significant dislocation of Viper’s current market value relative to its intrinsic value”
Kaes Van’t Hof, Chief Executive Officer of Viper Energy
“The OpCo DRIP further aligns Diamondback’s interests with those of Viper’s public stockholders and strengthens a relationship that has been foundational to Viper since its inception.”
Kaes Van’t Hof, Chief Executive Officer of Viper Energy
“Additionally, the implementation of the OpCo DRIP will enable increased flexibility in our capital allocation framework, including increased repurchases of Class A shares.”
MIDLAND, Texas, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that Viper and its operating subsidiary, VNOM Holding Company LLC (the “Operating Company”), have adopted a distribution reinvestment plan (the “OpCo DRIP”) that allows holders of Operating Company units other than Viper to reinvest their cash distributions in additional units and corresponding shares of Viper’s Class B common stock.
Diamondback, Viper’s largest stockholder, has elected to participate in the OpCo DRIP beginning with the third quarter distribution payable on November 19, 2026. Future participation is subject to quarterly review at Diamondback. The OpCo DRIP was unanimously approved by both Viper's audit committee and board of directors.
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