Viper Energy completes Riverbend acquisition for $337 million

Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., has completed its acquisition of all equity interests of Riverbend Oil & Gas IX, L.L.C., an entity owning certain mineral and royalty interests. The transaction, valued at $337 million in cash and approximately 3.7 million shares of Viper’s Class A common stock, expands Viper's holdings in oil-weighted basins, primarily the Permian Basin. The cash portion was funded through a combination of cash on hand and borrowings under the Company’s credit facility.

Transaction Details

The acquisition involved the purchase of equity interests from Riverbend Oil & Gas IX (AIV), L.L.C. and ROG IX, L.L.C. The deal is subject to customary post-closing adjustments. The shares issued have a par value of $0.000001 per share.

Component	Details
Cash Consideration	$337 million
Share Consideration	~3.7 million shares of Class A common stock
Par Value per Share	$0.000001
Funding Source	Cash on hand and credit facility borrowings

Strategic Context

Viper Energy was formed by Diamondback to own, acquire, and exploit oil and natural gas properties in North America. This acquisition aligns with its strategy to focus on mineral and royalty interests in the Permian Basin. Diamondback Energy, headquartered in Midland, Texas, is an independent oil and natural gas company focused on unconventional, onshore reserves in the same region.

Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., announced it will release its second quarter 2026 financial results on August 3, 2026, after the market closes. The company will host a conference call and webcast on August 4, 2026, at 10:00 a.m. CT to discuss the results with investors and analysts.

Access to the live webcast and replay will be available on Viper’s website under the "Investor Relations" section. The call provides an opportunity for stakeholders to review the company's performance for the quarter.

Key Event Details

Event	Date	Time
Q2 2026 Financial Results Release	August 3, 2026	After market close
Conference Call and Webcast	August 4, 2026	10:00 a.m. CT

Viper Energy is a corporation formed by Diamondback to own, acquire, and exploit oil and natural gas properties in North America. The company focuses on mineral and royalty interests in oil-weighted basins, primarily the Permian Basin.

Diamondback Energy, Inc. is an independent oil and natural gas company headquartered in Midland, Texas. It is engaged in the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.