Texas Capital Securities Reiterates Buy Rating on Viper Energy (VNOM) Post Sitio Acquisition for $4.1B

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Go back to Texas Capital Securities Reiterates Buy Rating on Viper Energy (VNOM) Post Sitio Acquisition for $4.1B

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

June 3, 2025 6:30 AM EDT

MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) (Viper or the Company), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback), and Sitio Royalties Corp. (NYSE: STR) (Sitio) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion, including Sitios net debt of approximately $1.1 billion as of... More