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Viper Energy Provides Financial And Operating Update For Q1 2025; Average Production Of 31,311 bo/d (57,367 boe/d)

Benzinga·04/16/2025 20:08:12
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Viper Energy, Inc. (NASDAQ:VNOM) ("Viper" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today provided a financial and operating update for the first quarter of 2025. The Company is releasing this information to provide flexibility to opportunistically continue its stock repurchase program given the current market volatility.

FIRST QUARTER 2025 HIGHLIGHTS

  • Average production of 31,311 bo/d (57,367 boe/d)
  • Average unhedged realized prices of $71.33 per barrel of oil, $24.52 per barrel of natural gas liquids and $2.08 per Mcf of natural gas
  • Average hedged realized prices of $70.26 per barrel of oil, $24.52 per barrel of natural gas liquids and $3.74 per Mcf of natural gas
  • Realized commodity hedging gains of $9.1 million

SECOND QUARTER 2025 HIGHLIGHTS

  • As of April 15, 2025, repurchased 176,771 shares of common stock to date in Q2 2025 for $6.6 million, excluding excise tax (at a weighted average price of $37.27 per share); $427.6 million remaining on Viper's current share buyback authorization