Viper Energy: Diamondback reports 43.1% stake

The reporting persons elected to reinvest all distributions on their OpCo Units starting with the third-quarter payment payable November 19, 2026.

Available on EDGAR 11/09/2026 - 04:32 PM EST Accepted by SEC EDGAR 11/09/2026 - 04:32 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Viper Energy, Inc. and Viper OpCo jointly adopted a Distribution Reinvestment Plan on November 5, 2026. Eligible holders of OpCo Units may reinvest all or a specified percentage of cash distributions: the contribution is divided by the Plan Price, based on the average closing price of Class A Common Stock over the five consecutive trading days immediately before payment. Viper Energy issues an equal number of Class B shares for each OpCo Unit issued; the units and Class B shares may be exchanged for Class A shares under Viper OpCo’s limited liability company agreement. The reporting persons elected to reinvest distributions on all their OpCo Units beginning with the third-quarter distribution payable November 19, 2026; future participation is subject to quarterly review.

Diamondback Energy, Inc. reported beneficial ownership of 145,972,177 Class A shares, or 43.1%. Diamondback E&P LLC reported 10,874,987 shares, or 5.3%, and Endeavor Energy Resources, L.P. reported 70,633,640 shares, or 26.8%.

Key Figures

Diamondback Energy beneficially owned Class A shares: 145,972,177 shares Diamondback E&P beneficially owned Class A shares: 10,874,987 shares Endeavor Energy Resources beneficially owned Class A shares: 70,633,640 shares +2 more

5 metrics

Diamondback Energy beneficially owned Class A shares 145,972,177 shares 43.1% of the class

Diamondback E&P beneficially owned Class A shares 10,874,987 shares 5.3% of the class

Endeavor Energy Resources beneficially owned Class A shares 70,633,640 shares 26.8% of the class

Plan Price reference period 5 consecutive trading days Immediately preceding the payment date

Third-quarter distribution payment date November 19, 2026 Beginning of the reporting persons’ elected reinvestment

Key Terms

Distribution Reinvestment Plan, OpCo Units, Plan Price, Class B Common Stock, +1 more

5 terms

Distribution Reinvestment Plan financial

"jointly adopted a Distribution Reinvestment Plan"

An automatic program that uses cash distributions—such as dividends or other payouts—from a stock or fund to buy additional shares of the same security instead of handing out cash to the investor. Think of it like using store credit you’d otherwise pocket to buy more items: it makes your holding grow over time without you having to manually reinvest, which can compound returns, reduce transaction costs and change the timing of taxable income.

OpCo Units financial

"holders of units of Viper OpCo"

Plan Price financial

"The Plan Price is the average closing price"

Class B Common Stock financial

"the Issuer will issue an equal number of shares"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

limited liability company agreement financial

"in accordance with Viper OpCo’s limited liability company agreement"

A limited liability company agreement is the legal contract that lays out who owns a limited liability company, how it is run, how profits and losses are shared, and the rules for major decisions, transfers and exits. For investors it functions like an operating manual or roadmap: it determines control rights, payout priority, dispute resolution and protections against personal liability, so it directly affects risk, governance and how and when investors can realize returns.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How does VNOM’s distribution reinvestment plan work?

Eligible OpCo Unit holders may reinvest all or a specified percentage of cash distributions for additional OpCo Units. The contribution is divided by the Plan Price, which is the average closing price of Class A Common Stock over the five consecutive trading days before payment; Viper Energy issues an equal number of Class B shares for each OpCo Unit issued.

Which distributions did the VNOM reporting persons elect to reinvest?

The reporting persons elected to reinvest distributions on all their OpCo Units beginning with Viper OpCo’s third-quarter distribution payable November 19, 2026. Their future participation is subject to quarterly review.

How many VNOM shares does Diamondback Energy report beneficially owning?

Diamondback Energy, Inc. reported beneficial ownership of 145,972,177 Class A shares, representing 43.1% of the class.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

Viper Energy, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.000001 per share

(Title of Class of Securities)

64361Q101

(CUSIP Number)

Teresa L. Dick
Diamondback Energy, Inc., 900 NW 63rd Street, Suite 200
Oklahoma City, OK, 73116
(432) 221-7400

Zachary S. Podolsky
Latham & Watkins LLP, 1271 Avenue of the Americas
New York, NY, 10020
(212) 906-1200

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

11/05/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 64361Q101

1

Name of reporting person

Diamondback Energy, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 145,972,177.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 145,972,177.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

145,972,177.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

43.1 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): 64361Q101

1

Name of reporting person

Diamondback E&P LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 10,874,987.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 10,874,987.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

10,874,987.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.3 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 64361Q101

1

Name of reporting person

Endeavor Energy Resources, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 70,633,640.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 70,633,640.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

70,633,640.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

26.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, par value $0.000001 per share
(b)	Name of Issuer: Viper Energy, Inc.
(c)	Address of Issuer's Principal Executive Offices: 500 West Texas Ave., Suite 100, Midland, TEXAS , 79701.
Item 1 Comment: This Amendment No. 5 to Schedule 13D amends and supplements the statement on Schedule 13D originally filed with the United States Securities and Exchange Commission on August 26, 2025 (as amended, the "Schedule 13D"), relating to the Class A Common Stock, par value $0.000001 per share (the "Class A Common Stock") of Viper Energy, Inc., a Delaware corporation (the "Issuer"). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Schedule 13D is hereby amended and supplemented as follows: Distribution Reinvestment Plan On November 5, 2026, VNOM Holding Company LLC ("Viper OpCo") and the Issuer jointly adopted a Distribution Reinvestment Plan (the "Plan"). Under the Plan, holders of units of Viper OpCo ("OpCo Units") other than the Issuer and its wholly owned subsidiaries may elect to reinvest all or a specified percentage of their cash distributions on OpCo Units in additional OpCo Units. Under the Plan, each participating unitholder's cash distribution is treated as contributed to Viper OpCo on the payment date. In exchange, the unitholder receives a number of OpCo Units equal to the contributed amount divided by the "Plan Price". 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. For each OpCo Unit issued, the Issuer will issue an equal number of shares of Class B Common Stock. The resulting OpCo Units and Class B Common Stock may be exchanged for Class A Common Stock in accordance with Viper OpCo's limited liability company agreement. On November 5, 2026, the Reporting Persons elected to reinvest distributions on all of their OpCo Units beginning with Viper OpCo's third quarter distribution payable on November 19, 2026. Future participation is subject to quarterly review by the Reporting Persons.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Diamondback Energy, Inc.

Signature:	/s/ Teresa L. Dick
Name/Title:	Teresa L. Dick/Executive Vice President of Accounting and Assistant Secretary
Date:	11/09/2026

Diamondback E&P LLC

Signature:	/s/ Teresa L. Dick
Name/Title:	By: Diamondback Energy, Inc., its sole member, Teresa L. Dick/Executive Vice President of Accounting and Assistant Secretary
Date:	11/09/2026

Endeavor Energy Resources, L.P.

Signature:	/s/ Teresa L. Dick
Name/Title:	Teresa L. Dick/Executive Vice President of Accounting and Assistant Secretary
Date:	11/09/2026