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Viper Energy Partners LP, A Subsidiary of Diamondback Energy, Inc., Reports First Quarter 2021 Financial and Operating Results /EIN News/ MIDLAND, Tx., May 03, 2021 (GLOBE NEWSWIRE) Viper Energy Partners LP (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the first quarter ended March 31, 2021. FIRST QUARTER HIGHLIGHTS Previously announced Q1 2021 average production of 15,500 bo/d (26,066 boe/d) Q1 2021 cash distribution of $0.25 per common unit, representing approximately 60% of cash available for distribution; $0.42 per unit of cash available for distribution implies a 9.3% annualized distributable cash flow yield based on the April 30, 2021 unit closing price of $18.01

United statesAdam lawlisAusten gilfillianOil mbblsOil bblOil brentDiamondback energy incExchange commissionSecurities exchangeViper energy partnersOil bblsYork mercantile exchange west texasDiamondback energyTravis sticeChief executive officerGeneral partner