Viper Energy Reports 29% Revenue Growth and Increased Production in Latest Quarterly Filing

Viper Energy, Inc. reported significant financial performance in its latest quarterly filing, with total operating income reaching $542 million for the six months ended June 30, 2025, compared to $421 million for the same period in 2024, marking a 29% increase. The company’s net income attributable to Viper Energy, Inc. was $112 million, up from $100 million year-over-year. This growth was driven by a substantial increase in royalty income, which rose to $531 million from $420 million, largely due to a 45% increase in production volumes. Oil income specifically saw a rise to $442 million from $371 million, while natural gas and natural gas liquids income also contributed positively.

In terms of operational metrics, Viper Energy's average daily oil production increased to 41,615 barrels per day (BO/d) in the second quarter of 2025, up from 31,311 BO/d in the previous quarter. The company attributed approximately 89% of the production increase to its recent 2025 Drop Down acquisition, which added significant mineral and royalty interests. The total number of net royalty acres owned by Viper Energy increased to approximately 61,275 acres, with 60% operated by Diamondback Energy, Inc.

Strategically, Viper Energy has been active in acquisitions, including the recently completed 2025 Drop Down transaction valued at $1 billion, which added 24,446 net royalty acres in the Permian Basin. Additionally, the company is pursuing a pending acquisition of Sitio Royalties Corp. in an all-equity transaction valued at approximately $4.1 billion, which is expected to close in the third quarter of 2025, subject to stockholder approval. This acquisition will further expand Viper's footprint in the Permian Basin and other regions.

Financially, Viper Energy has maintained a strong liquidity position, with $28 million in cash and $1.2 billion available under its revolving credit facility as of June 30, 2025. The company has also been proactive in managing its debt, having recently issued $1.6 billion in senior notes and redeemed $780 million of its outstanding notes. The board of directors approved an increase in the annual base dividend to $1.32 per share, reflecting the company's commitment to returning capital to shareholders. Looking ahead, Viper Energy anticipates continued production growth and is focused on optimizing its capital structure while navigating the volatile commodity price environment.