Diamondback Energy, Inc.’s Subsidiary Viper Energy, Inc. Closes Acquisition of Sitio Royalties

Core Viewpoint - Diamondback Energy, Inc. has successfully completed the acquisition of Sitio Royalties Corp. through its subsidiary Viper Energy, Inc., leading to an increase in production guidance for Q3 2025 [1][2]. Group 1: Acquisition Details - The acquisition of Sitio Royalties Corp. was previously announced and has now been closed, enhancing Viper Energy's asset portfolio [1]. - The acquisition is expected to contribute to Diamondback's production figures starting from August 19, 2025 [2]. Group 2: Revised Production Guidance - Diamondback's Q3 2025 net production guidance has been revised to 908 - 938 MBOE/d, up from the previous range of 890 - 920 MBOE/d [2]. - Oil production guidance for Diamondback has been adjusted to 494 - 504 MBO/d, an increase from the earlier guidance of 485 - 495 MBO/d [2]. - Viper Energy's Q3 2025 production guidance is set at 104.0 - 110.0 MBOE/d, reflecting the impact of the Sitio acquisition [2]. Group 3: Company Background - Diamondback Energy is an independent oil and natural gas company based in Midland, Texas, focusing on the acquisition and development of unconventional oil and natural gas reserves, primarily in the Permian Basin [3]. - Viper Energy, Inc. is a subsidiary of Diamondback, established to own and acquire oil and natural gas properties, with a focus on mineral and royalty interests in oil-weighted basins [4].