Past year: ▲ 9%(36.53 – 49.38 USD)
Each one in plain English, with the numbers worked through for a shareholder.
15 June 2026debt financing▲ GoodMajor
On June 12, 2026 Viper amended its credit agreement (Wells Fargo is administrative agent; Viper Energy Partners LP is borrower). Maturity moved from June 12, 2030 to June 12, 2031, total commitments rose from $1.5 billion to $2.0 billion, and the interest rate and certain fees were lowered. The filing gives no drawn balance, so how much is actually borrowed is unknown. This shows a credit facility exists, which the prior context listed as none disclosed.
4 Mar 2026material agreement● NeutralMajor
The secondary offering priced at $45.90 per share (about $798 million gross) and closed March 4, 2026. The sellers are Diamondback, EnCap Fund X, Tumbleweed Royalty IV and Oaktree affiliates, and Viper got no proceeds. Viper's operating company bought 1,000,000 OpCo units from Oaktree at the offering price, and the matching Class B shares were cancelled. This was done under the $1.75 billion buyback program, which the board widened to cover OpCo units and Class B shares. Separately, Viper has bought back 417,516 Class A shares since Dec 31, 2025 for $15.6 million, leaving about $1.23 billion of the authorization. This resolves the offering thread opened by the earlier launch filing.
3 Mar 2026business combination● NeutralMajor
On March 2, 2026 Viper announced a secondary offering of 17,391,304 Class A shares sold by existing holders (Diamondback, EnCap and Oaktree affiliates), with Viper receiving no proceeds. Viper also agreed to buy 1,000,000 units in its operating company, VNOM Holding Company LLC, from Oaktree affiliates, conditional on the offering completing. The filing also supplies unaudited pro forma 2025 results showing the Sitio deal (valued at about $4.0 billion, closed Aug 19, 2025) and the earlier Endeavor Drop-Down as if both happened on Jan 1, 2025; the figures in that exhibit were cut off in the text provided, so none are given here.
30 Dec 2025material agreement● Neutral
On December 23, 2025, Viper completed an internal reorganization: its operating subsidiary Viper Energy Partners LLC was folded together with the Sitio operating entities and its interests were converted into a new subsidiary, VNOM Holding Company LLC. The filing says members keep substantially the same rights as before, including the right to exchange Class B shares plus units for Class A shares, so this looks like housekeeping after the Sitio deal. It states no figures, and any financial effect is not stated (inference: likely limited).
19 Aug 2025business combination● NeutralMajor
The Sitio merger closed on August 19, 2025. The new holding company took the name Viper Energy, Inc. and continues to trade as VNOM on Nasdaq with a new CUSIP; the old Viper became VNOM Sub, Inc., a subsidiary. Old Viper shares converted one-for-one into new shares, Sitio Class A shares converted at 0.4855, and Sitio Class C shares were cancelled. This completes the deal announced in June.
16 July 2025business combination● Neutral
Viper filed Amendment No. 1 to its merger registration statement. The visible text repeats the June terms unchanged (0.4855 exchange ratio, about 80%/20% ownership split, Diamondback consent), and the truncated text does not show what else changed.
30 June 2025business combination● NeutralMajor
Viper filed paperwork (through a new holding company, New Cobra Pubco) to register shares for its all-stock deal to acquire Sitio Royalties, signed June 2, 2025. Sitio Class A holders would get 0.4855 new Viper Class A shares each, and Viper holders get one new share per share held and would own about 80% of the combined company. Diamondback and its subsidiaries, holding about 53.7% of Viper's voting power, already approved it by written consent, so Viper shareholders are not being asked to vote.
