Viper Energy shareholders sell 17,391,304 shares; Viper receives no proceeds
Diamondback Energy and other selling stockholders sold 17,391,304 Class A shares of Viper Energy in a public offering priced at $45.90 per share, with closing expected March 4, 2026. Viper received no proceeds from the sale, but its operating subsidiary repurchased 1,000,000 units from Oaktree affiliates under the company's $1.75 billion repurchase program, which the board expanded to cover such purchases.
Key points
- Offering price of $45.90 per share; gross proceeds to selling stockholders of approximately $798 million.
- J.P. Morgan Securities and Goldman Sachs & Co. LLC acted as underwriters; underwriters hold an option for up to 2,608,696 additional shares.
- OpCo repurchased 1,000,000 units from Oaktree affiliates, and a matching number of Class B shares were cancelled.
- Approximately $1.23 billion remains available under the $1.75 billion share repurchase authorization, excluding excise tax.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.