Description

Viper Energy Partners’ 32% Dividend Hike: Is The Market Missing The Growth Story?

Viper Energy Partners LP reported continued execution and operational activity in the second quarter of 2026, supported by both Diamondback Energy and third-party operators across its Permian Basin acreage. During the quarter, operators brought 691 gross horizontal wells online where Viper holds an average 3% net revenue interest (NRI). The company issued production guidance for the third quarter indicating roughly 4.5% growth quarter-over-quarter, which translates to an approximate 15% annualized increase in oil production per share compared to the fourth quarter of 2025. This growth is underpinned by organic development, accretive acquisitions, and opportunistic share repurchases, forming the core of Viper’s value proposition. Regarding capital returns, Viper distributed 75% of available cash in the second quarter, including $132 million in share repurchases and a combined base plus variable dividend of $0.67 per share.