Viper Energy Sells Non-Permian Assets, Reports Q3 Results
Viper Energy, Inc., a subsidiary of Diamondback Energy, announced its third quarter 2025 financial results and concurrently revealed plans to divest non-Permian assets for $670 million.
MIDLAND, Texas – Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., has reported its financial and operating results for the third quarter of 2025. The company also announced a significant divestiture, agreeing to sell its non-Permian assets for $670 million to an affiliate of GRP Energy Capital and Warwick Capital Partners.
Third-quarter average production reached 56,087 barrels of oil per day (bo/d) and 108,859 barrels of oil equivalent per day (boe/d). The company reported a consolidated net loss of $197 million, with a net loss attributable to Viper of $77 million, or $0.52 per share. Adjusted net income was $156 million, or $1.04 per share.
The divestiture is expected to close in the first quarter of 2026, with an effective date of September 1, 2025. The divested assets are projected to produce approximately 4,500 to 5,000 bo/d (9,000 to 10,000 boe/d) in 2026. Viper Energy will maintain its focus on operations within the Permian Basin.
In addition to the asset sale, Viper Energy continued its share repurchase program and distributed dividends to its Class A common shareholders. The company returned a total of $140 million to shareholders in the third quarter, representing 85% of its pro forma cash available for distribution. Viper also issued new production guidance for the fourth quarter of 2025, forecasting an average daily production of 65,000 to 67,000 bo/d.