Viper Energy, Inc. (NASDAQ:VNOM) Q1 2024 Earnings Conference Call May 1, 2024 11:00 AM ET Company Participants Adam Lawlis - VP, IR Travis Stice - CEO Kaes Van't Hof - President Austen Gilfillian - VP Al Barkmann - Chief Engineer Conference Call Participants Neal Dingmann - Truist Securities Chris Baker - Evercore ISI Betty Jiang - Barclays Paul Diamond - Citi Derrick Whitfield - Stifel Leo Mariani - ROTH MKM Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Viper Energy ...

Exhibit 99.1 VIPER ENERGY, INC., A SUBSIDIARY OF DIAMONDBACK ENERGY, INC., REPORTS FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS MIDLAND, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc., (NASDAQ:VNOM) ("Viper" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the first quarter ended March 31, 2024. FIRST QUARTER HIGHLIGHTS "The first quarter was a strong start to the year for Viper and a period whi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36505 Viper Energy, Inc. (Exact Name of Registrant As Specified in Its Charter) DE 46-5001985 (I.R.S. Employer Identification Number) (State or Other Jurisdiction of Incorporation or Organizatio ...

Financial Data and Key Metrics Changes - In Q4 2023, average oil production increased by 13% compared to the previous year, while the average share count was reduced by 1% [6] - The fourth quarter represented the eighth consecutive quarter of increased production per share for the company [6] - A variable dividend of $0.29 was declared for Class A shareholders, alongside a $0.27 based dividend, resulting in an effective payout ratio of 97% for Q4 [7][8] Business Line Data and Key Metrics Changes - The GRP acquisition, which closed in Q4, is expected to enhance the company's growth profile and provide significant scale [9][10] - The company has initiated production guidance for both Q1 and the full year of 2024, with Q4 2024 production expected to be at or above the high end of the guidance range [12] Market Data and Key Metrics Changes - The company is experiencing strong activity levels across its acreage position, indicating potential for significant growth throughout 2024 [12] Company Strategy and Development Direction - The company completed its conversion into a Delaware corporation, which is believed to enhance governance rights for shareholders and support business growth [11] - The management emphasized the importance of being a large mineral owner in Texas, positioning the company favorably for future opportunities [21] Management's Comments on Operating Environment and Future Outlook - Management believes the market is beginning to recognize the company's growth potential and the broader mineral story [14] - The company is open to pursuing additional acquisitions, particularly if they present significant undeveloped value [35] Other Important Information - The company has already received $10 million in post-effective cash flow that will reduce the purchase price of the GRP acquisition, which is not reflected in the reported financials for the quarter [9] Q&A Session Summary Question: Market Valuation of VNOM - Management believes the market is starting to appreciate VNOM's growth story and the mineral sector overall [14] Question: Capital Allocation and Buybacks - The company plans to continue paying out over 90% of cash available for distribution, with a focus on base plus variable dividends [16][18] Question: Development Focus in Spanish Trail Area - The development is broadly integrated across the portfolio, with significant opportunities in the Spanish Trail area [20] Question: Run Rate Cadence and Guidance - Guidance is conservative, primarily due to timing and lower well counts in Q1, but there may be upside potential later in the year [24][26] Question: M&A Opportunities Post-GRP - The company remains open to transactions with third-party minerals this year, particularly if they resemble the GRP deal [35] Question: G&A Costs Post-Corporate Conversion - Increased G&A costs are attributed to the conversion to a C corporation, with no significant increase in personnel [33]

Exhibit 99.1 VIPER ENERGY, INC., A SUBSIDIARY OF DIAMONDBACK ENERGY, INC., REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL AND OPERATING RESULTS MIDLAND, Texas, February 20, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc., (NASDAQ:VNOM) ("Viper" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the fourth quarter and full year ended December 31, 2023. FOURTH QUARTER HIGHLIGHTS FULL YEAR 2023 HIGHLIGHTS • Q4 2023 ave ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36505 Viper Energy Partners LP (Exact Name of Registrant As Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) 500 West Texas Ave. Suit ...

Viper Energy Partners LP. (NASDAQ:VNOM) Q2 2023 Earnings Conference Call November 7, 2023 ET Company Participants Adam Lawlis - Vice President, Investor Relations Travis Stice - Chief Executive Officer Kaes Van’t Hof - President Austen Gilfillian - General Manager Conference Call Participants Neal Dingmann - Truist Securities Derrick Whitfield - Stifel Paul Diamond - Citi Leo Mariani - ROTH MKM Operator Good day. And thank you for standing by. Welcome to the Viper Energy Partners Third Quarter 2023 Earnings ...

Investor Presentation November 2023 Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Viper's: future performance; business strategy; future operations; estimates and projections of operating income, losses, costs and expenses, returns, cash fl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36505 Viper Energy Partners LP (Exact Name of Registrant As Specified in Its Charter) DE 46-5001985 (State or Other Jurisdiction of Incorporation or Organization) 500 West Texas ...

Viper Energy Partners LP (NASDAQ:VNOM) Q2 2023 Earnings Conference Call August 1, 2023 11:00 AM ET Company Participants Adam Lawlis - Vice President, Investor Relations Travis Stice - Chief Executive Officer Kaes Van't Hof - President Conference Call Participants Neal Dingmann - Truist Securities Operator Good day, and welcome to the Viper Energy Partners' Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a ...