Diamondback Energy, Inc. and affiliated reporting persons filed Amendment No. 5 to Schedule 13D with the SEC on November 9, 2026, disclosing the adoption of a Distribution Reinvestment Plan by Viper Energy, Inc. and VNOM Holding Company LLC, and the reporting persons' election to participate beginning with the third quarter distribution payable November 19, 2026.

Key Highlights

  • DRIP adopted November 5, 2026: Viper Energy, Inc. and VNOM Holding Company LLC jointly adopted a Distribution Reinvestment Plan allowing eligible OpCo unit holders to reinvest cash distributions in additional OpCo Units.
  • Reporting persons elect full participation: Diamondback Energy, Inc., Diamondback E&P LLC, and Endeavor Energy Resources, L.P. elected to reinvest distributions on all of their OpCo Units, starting with the third quarter distribution payable November 19, 2026.
  • Plan Price defined: The Plan Price is the average closing price of the Class A Common Stock for the five consecutive trading days immediately preceding the payment date.
  • Class B Common Stock issued alongside OpCo Units: For each OpCo Unit issued under the Plan, Viper Energy, Inc. will issue an equal number of shares of Class B Common Stock.
  • Diamondback Energy beneficial ownership: Diamondback Energy, Inc. reported sole voting and dispositive power over 145,972,177 shares, representing 43.1% of the class.
  • Endeavor Energy Resources ownership: Endeavor Energy Resources, L.P. reported sole voting and dispositive power over 70,633,640 shares, representing 26.8% of the class.
  • Quarterly review planned: According to the filing, future participation in the Plan is subject to quarterly review by the reporting persons.

Viper Energy DRIP Election and Ownership Positions Disclosed by Diamondback Entities

According to the filing, this Amendment No. 5 to Schedule 13D supplements the original Schedule 13D filed on August 26, 2025, relating to the Class A Common Stock, par value $0.000001 per share, of Viper Energy, Inc. (NASDAQ:VNOM). The amendment is triggered by an event dated November 5, 2026, and was filed on November 9, 2026. The three reporting persons are Diamondback Energy, Inc., Diamondback E&P LLC, and Endeavor Energy Resources, L.P., all organized under the laws of Delaware or Texas respectively.

The filing discloses that on November 5, 2026, Viper Energy, Inc. and VNOM Holding Company LLC ("Viper OpCo") jointly adopted a Distribution Reinvestment Plan. Under the Plan, holders of OpCo Units other than the Issuer and its wholly owned subsidiaries may elect to reinvest all or a specified percentage of their cash distributions in additional OpCo Units. The contributing unitholder receives OpCo Units calculated by dividing the contributed distribution amount by the Plan Price. The filing states that for each OpCo Unit issued, Viper Energy, Inc. will issue an equal number of shares of Class B Common Stock, which, together with the OpCo Units, may be exchanged for Class A Common Stock in accordance with Viper OpCo's limited liability company agreement.

As of the filing, Diamondback Energy, Inc. reported beneficial ownership of 145,972,177 shares with sole voting and dispositive power, representing 43.1% of the class. Diamondback E&P LLC reported beneficial ownership of 10,874,987 shares, representing 5.3% of the class. Endeavor Energy Resources, L.P. reported beneficial ownership of 70,633,640 shares, representing 26.8% of the class. All shared voting and dispositive power figures were reported as 0.00 for each reporting person. The filing was signed by Teresa L. Dick, Executive Vice President of Accounting and Assistant Secretary, on behalf of all three reporting persons.

What Was Disclosed

The filing reports the adoption of a Distribution Reinvestment Plan by Viper Energy and Viper OpCo on November 5, 2026, the election by three Diamondback-affiliated reporting persons to participate beginning with the November 19, 2026 distribution, and updated beneficial ownership figures for each reporting person.