Operator

Hello, and welcome to the Viper Energy First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. It is now my pleasure to introduce Director of Investor Relations, Chip Seale.

Chip Seale

Thank you, Andrew. Good morning, and welcome to Viper Energy's First Quarter 2026 Conference Call. During our call today, we may reference an updated investor presentation, which can be found on Viper's website. Representing Viper today are Kaes Van’t Hof, CEO; and Austen Gilfillian, President.

During this conference call, the participants may make certain forward-looking statements relating to the company's financial condition, results of operations, plans, objectives, future performance and businesses. We caution you that actual results could differ materially from those that are indicated in these forward-looking statements due to a variety of factors. Information concerning these factors can be found in the company's filings with the SEC. In addition, we will make reference to certain non-GAAP measures. The reconciliations with the appropriate GAAP measures can be found in our earnings release issued yesterday afternoon.

I will now turn the call over to Kaes.

Kaes Van't Hof
CEO & Director

Thank you, Chip. Welcome, everyone, and thank you for listening to Viper Energy's First Quarter 2026 Conference Call. The first quarter marked a strong