Viper Energy swings to Q4 net loss on $408 million impairment; raises base dividend 15%
Viper Energy reported a fourth-quarter 2025 net loss attributable to Viper of $103 million, or $0.61 per Class A share, compared with net income of $210 million a year earlier. Total operating income rose to $435 million from $229 million, but a $408 million non-cash impairment drove the loss. The company also raised its annual base dividend 15% to $1.52 per share and increased its share repurchase authorization by $1.0 billion.
Key points
- Q4 2025 total operating income was $435 million, up from $229 million in Q4 2024; net loss attributable to Viper was $103 million, versus $210 million of net income a year earlier.
- The $408 million impairment relates to properties acquired from Diamondback in the May 1, 2025 drop down transaction, recorded at Diamondback's historical carrying value.
- Base dividend increases 15% to $1.52 per share annually, starting with the Q4 2025 dividend; Q4 2025 base dividend is $0.38 and variable dividend is $0.14 per share, payable March 12, 2026.
- Share repurchase authorization increased by $1.0 billion; approximately $1.2 billion remains under the program.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.