Viper Energy Announces Pricing for Increased Offering of Class A Common Stock Page 1

MIDLAND, Texas, Sept. 11, 2024 (GLOBE NEWSWIRE) — Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”) today announced the pricing of an underwritten public offering of 10,000,000 shares of its Class A common stock at a price to the public of $42.50 per share (the “Primary Offering”). Viper’s offering of 10,000,000 shares of Class A common stock represents an increase of 1,500,000 shares from the originally proposed offering of 8,500,000 shares. The underwriters have a 30-day option to purchase up to an additional 1,500,000 shares of Viper’s Class A common stock at the public offering price (less the underwriting discount).

The net proceeds to Viper from the sale of the 10,000,000 shares of its Class A common stock, after deducting the offering discount and estimated issuance expenses, are approximately $413.7 million (or $475.9 million if the issuing bonds exercise their option in full).