12 Nov 2024substantial holder notice● Neutral
BlackRock, Inc reported a VNOM Sub, Inc. shareholding of 8,760,345 shares (8.50% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Nov 2024substantial holder notice● Neutral
Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, Wellington Management Company LLP reported a VNOM Sub, Inc. shareholding of 11,628,765 shares (11.30% of votes) in a periodic institutional filing.
7 Nov 2024substantial holder notice● Neutral
T. ROWE PRICE ASSOCIATES, INC disclosed a new substantial VNOM Sub, Inc. shareholding (9.70% of votes).
7 Nov 2024quarterly activities report● Neutral
VNOM Sub, Inc. reported quarterly revenue of $209.6 million and net income of $48.9 million for the period ended 2024-09-30.
7 Nov 2024substantial holder notice● Neutral
T. ROWE PRICE ASSOCIATES, INC reported a VNOM Sub, Inc. shareholding of 10,309,667 shares (10.00% of votes) in a periodic institutional filing.
4 Nov 2024substantial holder notice● Neutral
The Vanguard Group reported a VNOM Sub, Inc. shareholding of 9,855,556 shares (9.57% of votes) in a periodic institutional filing.
4 Nov 2024quarterly activities report● Neutral
VNOM Sub, Inc. reported quarterly revenue of $209.6 million and net income of $48.9 million for the period ended 2024-09-30.
22 Oct 2024substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial VNOM Sub, Inc. shareholding (8.50% of votes).
2 Oct 2024asset acquisition disposition● NeutralMajor
On Oct 1, 2024 Viper closed the Tumbleweed Royalty IV acquisition that was announced Sept 11, as expected. It paid about $459.0 million in cash and issued 10,093,670 OpCo units to TWR IV, plus an option for TWR IV to acquire 10,093,670 Class B shares. Up to $41.0 million more may be paid in January 2026 depending on 2025 WTI oil prices. TWR IV can exchange its units for Class A shares and gets registration rights (resale shelf due within 90 days of closing), so this adds potential dilution. The cash was funded from cash on hand, revolver borrowings and the September stock offering.
13 Sept 2024securities registration● Neutral
VNOM Sub, Inc. filed a prospectus supplement for an offering off its existing shelf.
13 Sept 2024material agreement● NeutralMajor
The Class A stock offering announced on Sept 11, 2024 closed on Sept 13, 2024: 11,500,000 shares sold at $42.50 (10,000,000 plus the underwriters' extra 1,500,000, exercised in full on Sept 12), raising about $475.9 million net. Goldman Sachs & Co. led the underwriters. The money is meant to fund part of the cash price of the pending Tumbleweed Royalty IV purchase, together with cash on hand and revolver borrowings, so existing shareholders are diluted by the new shares.
11 Sept 2024securities registration● Neutral
VNOM Sub, Inc. filed a prospectus supplement for an offering off its existing shelf.
11 Sept 2024capital raising announcement● NeutralMajor
On September 11, 2024 Viper agreed to buy Tumbleweed Royalty IV (about 3,727 net royalty acres, mainly Permian) for $461.0 million in cash plus 10,093,670 OpCo units, with an option for the seller to take matching Class B shares, and up to $41.0 million more in January 2026 depending on 2025 oil prices. Closing is expected October 1, 2024, funded by cash, revolver borrowings and possible capital markets deals. It also disclosed a September 3, 2024 purchase of two other Tumbleweed-related royalty companies (about 672 net royalty acres) for $113.4 million and $75.6 million in cash, plus up to $9.0 million of contingent cash; the units issued to the seller can be exchanged into Class A shares and dilute existing holders.
11 Sept 2024securities registration● Neutral
VNOM Sub, Inc. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
5 Aug 2024quarterly activities report● Neutral
VNOM Sub, Inc. reported quarterly revenue of $216.0 million and net income of $57.0 million for the period ended 2024-06-30.
5 Aug 2024quarterly activities report● Neutral
VNOM Sub, Inc. reported quarterly revenue of $216.0 million and net income of $57.0 million for the period ended 2024-06-30.
11 July 2024director interest notice● Neutral
VNOM Sub, Inc. director Rubin James L. received 2,555 shares as part of the equity award.
11 July 2024director interest notice● Neutral
VNOM Sub, Inc. director Argo Laurie H received 2,555 shares as part of the equity award.
11 July 2024director interest notice● Neutral
VNOM Sub, Inc. director William Wesley Perry received 2,555 shares as part of the equity award.
11 July 2024director interest notice● Neutral
VNOM Sub, Inc. director Hu Frank C. received 2,555 shares as part of the equity award.
11 July 2024director interest notice● Neutral
VNOM Sub, Inc. director Steven E West received 2,555 shares as part of the equity award.
11 July 2024director interest notice● Neutral
VNOM Sub, Inc. director Armour Spencer D III received 2,555 shares as part of the equity award.
10 June 2024agm notice● Neutral
VNOM Sub, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
4 June 2024director interest notice● Neutral
VNOM Sub, Inc. Chief Executive Officer Stice Travis D. gifted 8,494 shares.
2 May 2024quarterly activities report● Neutral
VNOM Sub, Inc. reported quarterly revenue of $216.0 million and net income of $57.0 million for the period ended 2024-06-30.
30 Apr 2024quarterly activities report● Neutral
VNOM Sub, Inc. reported quarterly revenue of $205.0 million and net income of $43.0 million for the period ended 2024-03-31.
25 Apr 2024agm notice● Neutral
VNOM Sub, Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
25 Apr 2024director interest notice● Neutral
Albert Barkmann became a VNOM Sub, Inc. Exec. VP and Chief Engineer and company insider (initial ownership filing).
7 Mar 2024material agreement● NeutralMajor
On March 5, 2024 Diamondback agreed to sell 11,500,000 Viper Class A shares (plus an option for up to 1,725,000 more) at $35.00 per share, with no proceeds to Viper. After the offering Diamondback will hold about 49% of the voting power, so Viper stops being a Nasdaq 'controlled company' and formed compensation and nominating committees of independent directors.
7 Mar 2024securities registration● Neutral
VNOM Sub, Inc. filed a prospectus supplement for an offering off its existing shelf.