SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Riverbend Acquisition On July 1, 2026, the Company and Viper Energy Partners LP, an indirect wholly owned subsidiary of the Company, acquired all of the equity interests of Riverbend Oil & Gas IX, L.L.C., an entity owning certain mineral and royalty interests, from Riverbend Oil & Gas IX (AIV), L.L.C. and ROG IX, L.L.C. (collectively, “Riverbend”) for consideration consisting of (i) approximately $339 million in cash, including the release of funds held in escrow of approximately $25 million that were reflected in the caption “Other assets” on the Company’s condensed consolidated balance sheet at June 30, 2026, and (ii) 3,691,796 shares of the Company’s Class A Common Stock, in each case, subject to customary post-closing adjustments (the “Riverbend Acquisition”). The mineral and royalty interests acquired in the Riverbend Acquisition represent approximately 2,772 net royalty acres in the Permian Basin with expected next 12 months’ average oil production of approximately 2,000 BO/d, and are expected to add approximately 1,000 BO/d of production to the midpoint of the Company’s standalone full year production guidance. The Company funded the cash portion of the Riverbend Acquisition through a combination of cash on hand and borrowings under the Company’s Revolving Credit Facility. Cash Dividend and Return of Capital Update On July 30, 2026, our board of directors approved a cash dividend for the second quarter of 2026 of $0.67 per share of Class A Common Stock and $0.97 per OpCo Unit, in each case, payable on August 20, 2026, to holders of record at the close of business on August 13, 2026. The dividend on Class A Common Stock consists of a base quarterly dividend of $0.38 per share and a variable quarterly dividend of $0.29 per share. Beginning in the third quarter of 2026, the Company intends to transition away from its commitment to return at least 75% of cash available for distribution each quarter. On July 30, 2026, the Company’s board of directors approved an increase to the Company’s annual base dividend to $2.00 per share of Class A Common Stock, which annual dividend will be payable in quarterly installments of $0.50 per share of our Class A Common Stock, beginning with the dividend payable for the third quarter of 2026. Future dividends on Class A Common Stock are not required and are at the discretion of the board of directors, who may change the dividend policy at any time. Pending 2026 Drop Down On August 3, 2026, the Company, as parent, and Viper Energy Partners LP, as buyer, entered into a definitive purchase agreement to acquire certain mineral and royalty interests from Diamondback and related subsidiaries in exchange for 3,654,979 OpCo Units and an equivalent number of shares of the Company’s Class B Common Stock (the “Pending 2026 Drop Down”), subject to transaction costs and certain customary post-closing adjustments. The mineral and royalty interests to be acquired in the Pending 2026 Drop Down represent approximately 933 net royalty acres in the Permian Basin. After giving effect to the Pending 2026 Drop Down, the Company currently estimates that following the closing of the Pending 2026 Drop Down, Diamondback will beneficially own approximately 39.8% of the Company’s outstanding Common Stock, on a fully diluted basis. The Company will issue the shares of Class B Common Stock in the Pending 2026 Drop Down in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act, as a transaction not involving a public offering. The Pending 2026 Drop Down will be accounted for as a transaction between entities under common control with the acquired properties recorded at Diamondback’s historical carrying value in the Company’s condensed consolidated balance sheet.

On July 1, 2026, the Company and Viper Energy Partners LP, an indirect wholly owned subsidiary of the Company, acquired all of the equity interests of Riverbend Oil & Gas IX, L.L.C., an entity owning certain mineral and royalty interests, from Riverbend Oil & Gas IX (AIV), L.L.C. and ROG IX, L.L.C. (collectively, “Riverbend”) for consideration consisting of (i) approximately $339 million in cash, including the release of funds held in escrow of approximately $25 million that were reflected in the caption “Other assets” on the Company’s condensed consolidated balance sheet at June 30, 2026, and (ii) 3,691,796 shares of the Company’s Class A Common Stock, in each case, subject to customary post-closing adjustments (the “Riverbend Acquisition”).

The mineral and royalty interests acquired in the Riverbend Acquisition represent approximately 2,772 net royalty acres in the Permian Basin with expected next 12 months’ average oil production of approximately 2,000 BO/d, and are expected to add approximately 1,000 BO/d of production to the midpoint of the Company’s standalone full year production guidance.

On July 30, 2026, our board of directors approved a cash dividend for the second quarter of 2026 of $0.67 per share of Class A Common Stock and $0.97 per OpCo Unit, in each case, payable on August 20, 2026, to holders of record at the close of business on August 13, 2026. The dividend on Class A Common Stock consists of a base quarterly dividend of $0.38 per share and a variable quarterly dividend of $0.29 per share. Beginning in the third quarter of 2026, the Company intends to transition away from its commitment to return at least 75% of cash available for distribution each quarter. On July 30, 2026, the Company’s board of directors approved an increase to the Company’s annual base dividend to $2.00 per share of Class A Common Stock, which annual dividend will be payable in quarterly installments of $0.50 per share of our Class A Common Stock, beginning with the dividend payable for the third quarter of 2026. Future dividends on Class A Common Stock are not required and are at the discretion of the board of directors, who may change the dividend policy at any time.

On August 3, 2026, the Company, as parent, and Viper Energy Partners LP, as buyer, entered into a definitive purchase agreement to acquire certain mineral and royalty interests from Diamondback and related subsidiaries in exchange for 3,654,979 OpCo Units and an equivalent number of shares of the Company’s Class B Common Stock (the “Pending 2026 Drop Down”), subject to transaction costs and certain customary post-closing adjustments. The mineral and royalty interests to be acquired in the Pending 2026 Drop Down represent approximately 933 net royalty acres in the Permian Basin.

After giving effect to the Pending 2026 Drop Down, the Company currently estimates that following the closing of the Pending 2026 Drop Down, Diamondback will beneficially own approximately 39.8% of the Company’s outstanding Common Stock, on a fully diluted basis.

The Company will issue the shares of Class B Common Stock in the Pending 2026 Drop Down in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act, as a transaction not involving a public offering.

The Pending 2026 Drop Down will be accounted for as a transaction between entities under common control with the acquired properties recorded at Diamondback’s historical carrying value in the Company’s condensed consolidated balance sheet.