Viper Energy prices secondary offering of 17.4M shares at $45.90; receives no proceeds

Viper Energy, Inc.

Selling stockholders (Diamondback Energy, EnCap affiliates, Oaktree) to sell 17,391,304 shares; gross proceeds ~$798M.
Underwriters granted 30-day option for up to 2,608,696 additional shares to cover over-allotments.
Viper repurchased 1,000,000 OpCo units from Oaktree at $45.90 per unit; related Class B shares cancelled.
Repurchase funded under $1.75B buyback program; ~$1.23B authorization remains as of filing.
Secondary offering closed March 4, 2026; Viper received no proceeds from the sale.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Viper Energy, Inc. entered into Underwriting Agreement with Diamondback Energy, Inc., EnCap Energy Capital Fund X, L.P., Tumbleweed Royalty IV, LLC, Opps IX Source Holdings PT, L.P., and Opps IX Source Holdings II PT, L.P. (the Selling Stockholders) and J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC, as underwriters (effective 2026-03-02).

Action: entry
Agreement: underwriting
Counterparty: Diamondback Energy, Inc., EnCap Energy Capital Fund X, L.P., Tumbleweed Royalty IV, LLC, Opps IX Source Holdings PT, L.P., and Opps IX Source Holdings II PT, L.P. (the Selling Stockholders) and J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC, as underwriters
Effective: 2026-03-02

Exact text from the filing

On March 2, 2026, Viper Energy, Inc. (“Viper” or “we”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Diamondback Energy, Inc., EnCap Energy Capital Fund X, L.P., Tumbleweed Royalty IV, LLC, Opps IX Source Holdings PT, L.P., and Opps IX Source Holdings II PT, L.P. (the “Selling Stockholders”) and J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC, as underwriters (the “Underwriters”).

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Viper Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-023479

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