Nov 3 (Reuters) - U.S. shale producer Diamondback Energy ( FANG )

said on Monday it would sell its subsidiary Viper

Energy's ( VNOM ) non-Permian assets for $670 million to an

affiliate of GRP Energy Capital and Warwick Capital Partners.

The transaction is expected to close in the first quarter of

2026.

Diamondback Energy ( FANG ) also surpassed Wall Street expectations

for third-quarter profit, as higher output helped offset weaker

oil prices.

The Midland, Texas-based company posted an adjusted profit

of $3.08 per share for the three months ended September 30,

compared with analysts' average expectations of $2.93 per share,

according to data compiled by LSEG.

(Reporting by Vallari Srivastava in Bengaluru; Editing by

Sriraj Kalluvila)