Exhibit 99.1 VIPER ENERGY, INC., A SUBSIDIARY OF DIAMONDBACK ENERGY, INC., REPORTS FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS MIDLAND, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc., (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, 2024. FIRST QUARTER HIGHLIGHTS • Q1 2024 average production of 25,407 bo/d (46,132 boe/d) • Q1 2024 consoli ...