FANG · 10-Q · 2026Q2 · Full report

Acquisitions and Divestitures

Diamondback Energy, Inc. · 2026-08-05 · Importance 47 · Surprise 60 · In source text

On February 9, 2026, Viper sold all non-Permian assets to affiliates of GRP Energy Capital LLC and Warwick Capital Partners LLP for approximately $[amount not visible] million of net cash proceeds. The divested portfolio covered approximately 9,400 net royalty acres in the Denver-Julesburg, Eagle Ford and Williston basins and produced approximately 4,750 BOE per day. Proceeds were used to repay Viper’s $[amount not visible] million 2025 Term Loan, repay revolving-credit borrowings and fund general corporate purposes. The transaction narrowed Viper’s portfolio toward the Permian Basin after its approximately $4.0 billion all-equity Sitio Acquisition in August 2025, which added approximately 25,300 net royalty acres in the Permian Basin.

Key facts

• As partial consideration for the Endeavor Acquisition, the Company issued 117.27 million shares, or 39.8% of its then-outstanding common stock to the former owners of Endeavor. source
• As of June 30, 2026, the Endeavor equityholders held approximately 26.7% of the Company’s outstanding common stock. source
• On August 3, 2026, the Company entered into a definitive purchase agreement with Viper Energy Partners LP to divest certain mineral and royalty interests in exchange for 3.65 million Viper LLC Units and an equivalent number of shares of Viper’s Class B common stock (the pending 2026 Drop Down). source
• On October 1, 2025, the Company divested its subsidiary Environmental Disposal Systems, LLC to Deep Blue Midland Basin LLC and renewed a 15-year dedication to Deep Blue for produced water and supply water within a county area of mutual interest in the Midland Basin source
• Pursuant to a stockholders agreement, the Endeavor equityholders have the right to propose for nomination between one and four directors for election to the Company’s board of directors as long as certain established ownership thresholds are maintained. source
• Approximately 33% of the increase in combined production volumes was attributable to Viper’s Sitio Acquisition and 16% was attributable to the Double Eagle Acquisition for the six months ended June 30, 2026. source
• Other operating income increased for the six months ended June 30, 2026 primarily due to a $13 million increase in lease bonus income recorded by Viper following its Sitio Acquisition and the 2025 Drop Down. source
• On October 31, 2025, the Company divested its 27.5% equity interest in EPIC Crude Holdings, LP source

Impact estimates