Viper Energy Inc. ownership update: a group of Blackstone-related entities reported beneficial ownership of 500,000 shares of Class A Common Stock as of March 31, 2026. The filing attributes 215,534 shares directly to BX Royal Aggregator LP and 284,466 shares to RRR Aggregator LLC.
The statement calculates percentages using 194,311,958 shares outstanding as of March 25, 2026 from the company’s proxy, yielding reported ownership fractions near 0.1%–0.3% across the listed reporting persons. The filing lists the chain of entities through which voting and dispositive power are held and includes standard disclaimers on beneficial ownership attribution.
Positive
None.
Negative
None.
Insights
Blackstone entities disclose a small passive stake in VNOM.
The filing shows an aggregate of 500,000 shares held directly by two Blackstone funds and attributed to multiple affiliated entities through ownership and management chains. The percentages are calculated using the issuer's stated outstanding share count of 194,311,958.
Disclosure appears routine under Schedule 13G/A and emphasizes entity relationships and allocation of voting/dispositive power. Timing and intent language are not provided in the excerpt.
Update clarifies which Blackstone vehicles hold VNOM shares and their voting control.
The statement itemizes which entities directly hold shares (BX Royal Aggregator LP: 215,534; RRR Aggregator LLC: 284,466) and describes the manager/general partner relationships linking reporting persons.
For market impact assessment, note reported ownership represents a small fraction of outstanding shares; the filing contains disclaimers that many reporting persons disclaim beneficial ownership beyond the funds that directly hold the securities.
Key Figures
Aggregate shares beneficially owned:500,000 sharesShares held by BX Royal Aggregator LP:215,534 sharesShares held by RRR Aggregator LLC:284,466 shares+2 more
5 metrics
Aggregate shares beneficially owned500,000 sharesas of March 31, 2026
Shares held by BX Royal Aggregator LP215,534 sharesdirectly held, as of March 31, 2026
Shares held by RRR Aggregator LLC284,466 sharesdirectly held, as of March 31, 2026
Shares outstanding used for calculation194,311,958 sharesas of March 25, 2026 per issuer proxy statement
Reported percent examples0.1%–0.3%cover-page percentages listed for reporting persons
Key Terms
beneficially own, Rule 13d-3, Reporting Person
3 terms
beneficially ownregulatory
"As of March 31, 2026, the Reporting Persons may be deemed to beneficially own"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Rule 13d-3regulatory
"calculated under Rule 13d-3 of the Act"
Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.
Reporting Personregulatory
"Each of the following is hereinafter individually referred to as a "Reporting Person""
What stake does Blackstone report in Viper Energy (VNOM)?
Blackstone-related reporting persons state an aggregate beneficial ownership of 500,000 shares of Class A Common Stock as of March 31, 2026. The holding breaks down as 215,534 and 284,466 held directly by two Blackstone funds respectively.
What percentage of VNOM does 500,000 shares represent?
The filing uses an outstanding share base of 194,311,958 shares as of March 25, 2026. Using that figure, the reported positions correspond to ownership fractions in the low tenths of one percent per reporting person, as shown on the cover pages.
Which specific Blackstone entities directly hold VNOM shares?
The statement identifies BX Royal Aggregator LP as directly holding 215,534 shares and RRR Aggregator LLC as directly holding 284,466 shares. Other named entities are described as managers, general partners, or indirect affiliates in the ownership chain.
Does the filing assert who exercises voting or dispositive control?
Yes. The cover-page rows list sole voting and dispositive power figures for each reporting person; the narrative describes which entities are general partners or managing members, linking voting/dispositive authority through the entity structure disclosed in the filing.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Viper Energy Inc.
(Name of Issuer)
Class A Common Stock, $0.000001 Par Value
(Title of Class of Securities)
64361Q101
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
BX Royal Aggregator LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
215,534.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
215,534.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
215,534.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
BCP VI/BEP Holdings Manager L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
215,534.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
215,534.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
215,534.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
Blackstone Energy Management Associates L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
215,534.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
215,534.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
215,534.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
Blackstone Management Associates VI L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
215,534.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
215,534.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
215,534.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
Blackstone EMA L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
215,534.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
215,534.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
215,534.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
BMA VI L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
215,534.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
215,534.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
215,534.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
RRR Aggregator LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
284,466.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
284,466.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
284,466.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
BX Primexx Topco LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
284,466.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
284,466.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
284,466.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
BCP VII/BEP II Holdings Manager L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
284,466.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
284,466.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
284,466.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
Blackstone Energy Management Associates II L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
284,466.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
284,466.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
284,466.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
Blackstone Management Associates VII L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
284,466.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
284,466.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
284,466.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
Blackstone EMA II L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
284,466.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
284,466.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
284,466.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
BMA VII L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
284,466.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
284,466.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
284,466.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
Blackstone Holdings III L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
500,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
500,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.3 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
Blackstone Holdings III GP L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
500,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
500,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.3 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
Blackstone Holdings III GP Management L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
500,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
500,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
Blackstone Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
500,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
500,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.3 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
Blackstone Group Management L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
500,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
500,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
64361Q101
1
Names of Reporting Persons
Stephen A. Schwarzman
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
500,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
500,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Viper Energy Inc.
(b)
Address of issuer's principal executive offices:
500 West Texas Ave., Suite 100, Midland Texas 79701
Item 2.
(a)
Name of person filing:
Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of:
(i) BX Royal Aggregator LP
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(ii) BCP VI/BEP Holdings Manager L.L.C.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(iii) Blackstone Energy Management Associates L.L.C.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(iv) Blackstone Management Associates VI L.L.C.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(v) Blackstone EMA L.L.C.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(vi) BMA VI L.L.C.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(vii) RRR Aggregator LLC
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(viii) BX Primexx Topco LLC
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(ix) BCP VII/BEP II Holdings Manager L.L.C.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(x) Blackstone Energy Management Associates II L.L.C.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(xi) Blackstone Management Associates VII L.L.C.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(xii) Blackstone EMA II L.L.C.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(xiii) BMA VII L.L.C.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(xiv) Blackstone Holdings III L.P.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(xv) Blackstone Holdings III GP L.P.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(xvi) Blackstone Holdings III GP Management L.L.C.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(xvii) Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(xviii) Blackstone Group Management L.L.C.
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(xix) Stephen A. Schwarzman
c/o Blackstone Inc.
345 Park Avenue
New York, NY 10154
Citizenship: United States
(b)
Address or principal business office or, if none, residence:
See Item 2(a).
(c)
Citizenship:
See Item 2(a).
(d)
Title of class of securities:
Class A Common Stock, $0.000001 Par Value
(e)
CUSIP No.:
64361Q101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Items 4(a)-(c) with respect to each Reporting Person is set forth in Rows 5-11 of the applicable cover page hereto, and is incorporated herein by reference.
As of March 31, 2026, the Reporting Persons may be deemed to beneficially own an aggregate of 500,000 shares of Class A common stock, $0.000001 par value (the "Class A Common Stock") as follows: BX Royal Aggregator LP directly holds 215,534 shares of Class A Common Stock and RRR Aggregator LLC directly holds 284,466 shares of Class A Common Stock. BX Royal Aggregator LP and RRR Aggregator LLC are together referred to herein as the "Blackstone Funds."
BCP VI/BEP Holdings Manager L.L.C. is the general partner of BX Royal Aggregator LP. Blackstone Energy Management Associates L.L.C. and Blackstone Management Associates VI L.L.C. are the managing members of BCP VI/BEP Holdings Manager L.L.C. Blackstone EMA L.L.C. is the sole member of Blackstone Energy Management Associates L.L.C. BMA VI L.L.C. is the sole member of Blackstone Management Associates VI L.L.C.
BX Primexx Topco LLC is the sole member of RRR Aggregator LLC. BCP VII/BEP II Holdings Manager L.L.C. is the managing member of BX Primexx Topco LLC. Blackstone Energy Management Associates II L.L.C. and Blackstone Management Associates VII L.L.C. are the managing members of BCP VII/BEP II Holdings Manager L.L.C. Blackstone EMA II L.L.C. is the sole member of Blackstone Energy Management Associates II L.L.C. BMA VII L.L.C. is the sole member of Blackstone Management Associates VII L.L.C.
Blackstone Holdings III L.P. is the managing member of each of BMA VI L.L.C., Blackstone EMA L.L.C., BMA VII L.L.C. and Blackstone EMA II L.L.C. Blackstone Holdings III GP L.P. is the general partner of Blackstone Holdings III L.P. Blackstone Holdings III GP Management L.L.C. is the general partner of Blackstone Holdings III GP L.P.
Blackstone Inc. ("Blackstone") is the sole member of Blackstone Holdings III GP Management L.L.C. The sole holder of the Series II preferred stock of Blackstone is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.
Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person assumes responsibility for the accuracy or completeness of the information furnished by another Reporting Person. Each such Reporting Person may be deemed to beneficially own the Class A Common Stock beneficially owned directly by the Blackstone Funds or indirectly controlled by it or them, but neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission that any Reporting Person (other than the Blackstone Funds to the extent they directly hold Issuer securities reported herein) is the beneficial owner of the Class A Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Act"), or for any other purpose and each of the Reporting Persons expressly disclaims beneficial ownership of such shares of Class A Common Stock. The filing of this statement should not be construed to be an admission that any member of the Reporting Persons are members of a "group" for the purposes of Sections 13(d) and 13(g) of the Act.
(b)
Percent of class:
Each of the Reporting Persons may be deemed to be the beneficial owner of the percentage of shares of Class A Common Stock listed on such Reporting Person's cover page, calculated under Rule 13d-3 of the Act.
Calculations are based on 194,311,958 shares of Class A Common Stock outstanding as of March 25, 2026, as set forth in the Issuer's Proxy Statement on Form DEF 14A filed with the SEC on April 8, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See the information set forth in Row 5 on each cover page.
(ii) Shared power to vote or to direct the vote:
See the information set forth in Row 6 on each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See the information set forth in Row 7 on each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See the information set forth in Row 8 on each cover page.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
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.
BX Royal Aggregator LP
Signature:
/s/ Robert Brooks
Name/Title:
By: BCP VI/BEP Holdings Manager L.L.C., its general partner, By: Robert Brooks, Authorized Signatory
Date:
05/01/2026
BCP VI/BEP Holdings Manager L.L.C.
Signature:
/s/ Robert Brooks
Name/Title:
Robert Brooks, Authorized Signatory
Date:
05/01/2026
Blackstone Energy Management Associates L.L.C.
Signature:
/s/ Robert Brooks
Name/Title:
By: Blackstone EMA L.L.C., its sole member, By: Robert Brooks, Authorized Signatory
Date:
05/01/2026
Blackstone Management Associates VI L.L.C.
Signature:
/s/ Robert Brooks
Name/Title:
By: BMA VI L.L.C., its sole member, By: Robert Brooks, Authorized Signatory
Date:
05/01/2026
Blackstone EMA L.L.C.
Signature:
/s/ Robert Brooks
Name/Title:
Robert Brooks, Authorized Signatory
Date:
05/01/2026
BMA VI L.L.C.
Signature:
/s/ Robert Brooks
Name/Title:
Robert Brooks, Authorized Signatory
Date:
05/01/2026
RRR Aggregator LLC
Signature:
/s/ Robert Brooks
Name/Title:
Robert Brooks, Authorized Signatory
Date:
05/01/2026
BX Primexx Topco LLC
Signature:
/s/ Robert Brooks
Name/Title:
Robert Brooks, Authorized Signatory
Date:
05/01/2026
BCP VII/BEP II Holdings Manager L.L.C.
Signature:
/s/ Robert Brooks
Name/Title:
Robert Brooks, Authorized Signatory
Date:
05/01/2026
Blackstone Energy Management Associates II L.L.C.
Signature:
/s/ Robert Brooks
Name/Title:
By: Blackstone EMA II L.L.C., its sole member, By: Robert Brooks, Authorized Signatory
Date:
05/01/2026
Blackstone Management Associates VII L.L.C.
Signature:
/s/ Robert Brooks
Name/Title:
By: BMA VII L.L.C., its sole member, By: Robert Brooks, Authorized Signatory
Date:
05/01/2026
Blackstone EMA II L.L.C.
Signature:
/s/ Robert Brooks
Name/Title:
Robert Brooks, Authorized Signatory
Date:
05/01/2026
BMA VII L.L.C.
Signature:
/s/ Robert Brooks
Name/Title:
Robert Brooks, Authorized Signatory
Date:
05/01/2026
Blackstone Holdings III L.P.
Signature:
/s/ Victoria Portnoy
Name/Title:
By: Blackstone Holdings III GP L.P., its GP, By: Blackstone Holdings III GP Management L.L.C., its GP, By: Victoria Portnoy, MD - Assistant Secretary
Date:
05/01/2026
Blackstone Holdings III GP L.P.
Signature:
/s/ Victoria Portnoy
Name/Title:
By: Blackstone Holdings III GP Management L.L.C., its general partner, By: Victoria Portnoy, Managing Director - Assistant Secretary
Date:
05/01/2026
Blackstone Holdings III GP Management L.L.C.
Signature:
/s/ Victoria Portnoy
Name/Title:
Victoria Portnoy, Managing Director - Assistant Secretary
Date:
05/01/2026
Blackstone Inc.
Signature:
/s/ Victoria Portnoy
Name/Title:
Victoria Portnoy, Managing Director - Assistant Secretary
Date:
05/01/2026
Blackstone Group Management L.L.C.
Signature:
/s/ Victoria Portnoy
Name/Title:
Victoria Portnoy, Managing Director - Assistant Secretary
