Diamondback Energy, Inc. filed a Form 4 with the SEC on September 3, 2026, disclosing changes in beneficial ownership of Viper Energy, Inc. (NASDAQ:VNOM) securities stemming from a transaction that closed on September 1, 2026.

Key Highlights

  • Transaction date: The reported transactions occurred on September 1, 2026.
  • Purchase Agreement: On August 3, 2026, Viper Energy, Inc. and Viper Energy Partners LP entered into a definitive purchase agreement to acquire certain mineral and royalty interests from Diamondback Energy and related subsidiaries.
  • Consideration issued: The aggregate consideration was 3,815,459 Operating Company Units and an equivalent number of shares of Class B Common Stock.
  • Diamondback E&P LLC holdings: Following the transactions, Diamondback E&P LLC indirectly holds 10,874,987 shares of Class B Common Stock and 10,874,987 Operating Company Units.
  • Endeavor Energy Resources, L.P. holdings: Following the transactions, Endeavor Energy Resources, L.P. indirectly holds 70,633,640 shares of Class B Common Stock and 70,633,640 Operating Company Units.
  • Direct holdings: Diamondback Energy, Inc. directly holds 64,463,550 shares of Class A Common Stock and 64,463,550 Operating Company Units following the reported transactions.

Diamondback Energy Acquires Viper Units in Mineral and Royalty Transaction

According to the filing, Diamondback Energy, Inc. is listed as both a 10% owner and a director by deputization of Viper Energy, Inc. The Form 4 reflects securities acquired under transaction code "A" (acquired) on September 1, 2026, the closing date of the transaction described in the filing's explanatory notes.

The filing states that on August 3, 2026, Viper Energy, Inc., as parent, and Viper Energy Partners LP, as buyer, entered into a definitive purchase agreement to acquire certain mineral and royalty interests from Diamondback Energy and related subsidiaries. The consideration paid consisted of an aggregate of 3,815,459 Operating Company Units and an equivalent number of shares of Class B Common Stock. Of that total, the filing shows 2,808,459 units and shares were acquired indirectly by Diamondback E&P LLC, and 1,007,000 units and shares were acquired indirectly by Endeavor Energy Resources, L.P.

The filing also notes that, pursuant to the Amended and Restated Limited Liability Company Agreement of VNOM Holding Company LLC, each share of Class B Common Stock, together with an equal number of Operating Company Units, "is redeemable at the holder's discretion for one share of Class A Common Stock." The Form 4 was signed by Teresa L. Dick as Executive Vice President of Accounting and Assistant Secretary of Diamondback Energy, Inc., on September 3, 2026.

What Was Disclosed

Diamondback Energy, Inc. disclosed the acquisition of Viper Energy, Inc. Class B Common Stock and Operating Company Units by two indirect subsidiaries, Diamondback E&P LLC and Endeavor Energy Resources, L.P., as a result of a mineral and royalty interest purchase agreement that closed September 1, 2026.