other material
confidence high
sentiment positive
materiality 0.60
Viper Energy repurchases 1M OpCo Units from Kimmeridge for $40.7M at $40.65/unit
Viper Energy, Inc.
- Repurchased 1,000,000 OpCo Units from Kimmeridge for $40.65/unit ($40.65M total).
- Corresponding Class B shares held by Kimmeridge will be cancelled.
- Repurchase executed under existing $750M program; total Class A buybacks since Sept 30: 1,402,749 shares for $52.3M.
- Remaining authorization of approx $240.9M (excluding excise tax).
- Audit committee of Board of Directors approved the transaction.