Viper Energy adopts distribution reinvestment plan
VNOM•Viper Energy adopted a plan allowing holders of its operating subsidiary’s units, other than Viper itself, to reinvest cash distributions in additional units and corresponding Viper Class B shares. Diamondback will participate starting with the third-quarter distribution payable Nov. 19, 2026.
1. Plan details
The plan allows eligible holders of Viper Energy’s operating subsidiary’s units to reinvest cash distributions in additional units and corresponding shares of Viper’s Class B common stock. Diamondback, Viper’s largest stockholder, will participate starting with the third-quarter distribution payable Nov. 19, 2026, subject to quarterly review.
2. Capital allocation
Chief Executive Kaes Van't Hof said the plan will increase capital allocation flexibility, including increased repurchases of Class A shares. Computershare will offer a separate dividend reinvestment program for registered holders of Viper Class A common stock.
