Viper Energy launches secondary offering of 17.4M shares by Diamondback, EnCap, Oaktree

Viper Energy, Inc.

Offering of 17,391,304 shares of Class A common stock by Diamondback, EnCap and Oaktree; Viper receives no proceeds.
Underwriters have 30-day option to purchase up to 2,608,696 additional shares for over-allotments.
Viper to purchase 1,000,000 OpCo units from Oaktree affiliates at the offering price in a concurrent transaction.
J.P. Morgan and Goldman Sachs are joint book-running managers for the secondary offering.
Pro forma statement of operations for year ended Dec 31, 2025 also filed; basic EPS (0.45) pro forma.

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