{"id":876920,"date":"2025-08-19T07:23:17","date_gmt":"2025-08-19T11:23:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-s-subsidiary-viper-energy-inc-closes-acquisition-of-sitio-royalties\/"},"modified":"2025-08-19T07:23:17","modified_gmt":"2025-08-19T11:23:17","slug":"diamondback-energy-inc-s-subsidiary-viper-energy-inc-closes-acquisition-of-sitio-royalties","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-s-subsidiary-viper-energy-inc-closes-acquisition-of-sitio-royalties\/","title":{"rendered":"Diamondback Energy, Inc.\u2019s Subsidiary Viper Energy, Inc. Closes Acquisition of Sitio Royalties"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">MIDLAND, Texas, Aug.  19, 2025  (GLOBE NEWSWIRE) &#8212; Diamondback Energy, Inc. (NASDAQ: FANG) (\u201cDiamondback\u201d or the \u201cCompany\u201d) today announced that its publicly traded subsidiary, Viper Energy, Inc. (NASDAQ: VNOM) (\u201cViper\u201d), has closed its previously announced acquisition of Sitio Royalties Corp. (\u201cSitio\u201d). Additionally, the Company announced revised Q3 2025 production guidance to give effect to the closing of the Sitio acquisition.<\/p>\n<p align=\"justify\">\n        <strong>Updated Third Quarter 2025 Production Guidance<\/strong><br \/>\n        <br \/>Diamondback has increased its third quarter 2025 production guidance to reflect 43 days of contribution from the Sitio assets beginning August 19, as follows:<\/p>\n<table align=\"center\" style=\"border-top: solid black 1pt;border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:60%;width:60%;min-width:60%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:20%;width:20%;min-width:20%;border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Q3 2025 Guidance<\/strong>\n          <\/td>\n<td style=\"max-width:20%;width:20%;min-width:20%;border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Q3 2025 Guidance<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Diamondback Energy, Inc.<\/strong>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Viper Energy, Inc.<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Q3 2025 Net production &#8211; MBOE\/d<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">908 &#8211; 938\u00a0<em>(from 890 &#8211; 920)<\/em><\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">104.0 \u2013 110.0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Q3 2025 Oil production &#8211; MBO\/d<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">494 &#8211; 504\u00a0<em>(from 485 &#8211; 495)<\/em><\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">54.5 &#8211; 57.5<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">The Company will provide updated full-year 2025 guidance with its third quarter earnings release in November 2025.<\/p>\n<p align=\"justify\">\n        <strong>About Diamondback Energy, Inc. <\/strong><br \/>\n        <br \/>Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GFG5IVAfalec94lYGGM8M97NOiIjuXNELxVgjzkQZTrcfpRWgDrCFesj1GIPDJ-DOLA__5KpUrtEs6sfht1tStSCWsqXQzvdyCb29d_8cw6LHNDAPWX2FGWIGKtOOr0d\" rel=\"nofollow\" target=\"_blank\">www.diamondbackenergy.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About Viper Energy, Inc.<\/strong><br \/>\n        <br \/>Viper is a corporation formed by Diamondback to own, acquire and exploit oil and natural gas properties in North America, with a focus on owning and acquiring mineral and royalty interests in oil-weighted basins, primarily the Permian Basin. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NHEMVvwNoHtkFR4uXLTnv3Wxo-T2oJDprhiUGqM7IO3Ide1IawU5BGJfJn5Kn3LHfHkYjI0KdIeYEtMW5eRtsv8OCpWW_Rl_2_JrmX8poIKDsLccLpsQWY5ERy7RRGI-\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.viperenergy.com\/<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This news release contains \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback\u2019s: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; anticipated benefits or other effects of strategic transactions including Viper\u2019s recently completed Sitio acquisition and other acquisitions or divestitures; and plans and objectives of management (including plans for future cash flow from operations and for executing environmental strategies) are forward-looking statements. When used in this news release, the words \u201caim,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforecast,\u201d \u201cfuture,\u201d \u201cguidance,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cmodel,\u201d \u201coutlook,\u201d \u201cplan,\u201d \u201cpositioned,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201ctarget,\u201d \u201cwill,\u201d \u201cwould,\u201d and similar expressions (including the negative of such terms) as they relate to Diamondback are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Diamondback believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Diamondback\u2019s control. Accordingly, forward-looking statements are not guarantees of future performance and Diamondback\u2019s actual outcomes could differ materially from what Diamondback has expressed in its forward-looking statements.<\/p>\n<p align=\"justify\">Factors that could cause the outcomes to differ materially include (but are not limited to) the following: changes in supply and demand levels for oil, natural gas, and natural gas liquids, and the resulting impact on the price for those commodities; the impact of public health crises, including epidemic or pandemic diseases and any related company or government policies or actions; changes in U.S. energy, environmental, monetary and trade policies, including with respect to tariffs or other trade barriers, and any resulting trade tensions; actions taken by the members of OPEC and Russia affecting the production and pricing of oil, as well as other domestic and global political, economic, or diplomatic developments, including any impact of the conflicts in the Middle East and other regions on the global energy markets and geopolitical stability; instability in the financial markets; inflationary pressures on the cost of products or services used in our operations due to the imposition of tariffs or otherwise; higher interest rates and their impact on the cost of capital; regional supply and demand factors, including delays, curtailment delays or interruptions of production, or governmental orders, rules or regulations that impose production limits; federal and state legislative and regulatory initiatives relating to hydraulic fracturing, including the effect of existing and future laws and governmental regulations; physical and transition risks relating to climate change; those risks described in Item 1A of Diamondback\u2019s Annual Report on Form 10-K, filed with the SEC on February 26, 2025, and those risks disclosed in its subsequent filings on Forms 10-K, 10-Q and 8-K, which can be obtained free of charge on the SEC\u2019s website at http:\/\/www.sec.gov and Diamondback\u2019s website at www.diamondbackenergy.com\/investors.<\/p>\n<p align=\"justify\">In light of these factors, the events anticipated by Diamondback\u2019s forward-looking statements may not occur at the time anticipated or at all. Moreover, Diamondback operates in a very competitive and rapidly changing environment and new risks emerge from time to time. Diamondback cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this letter or, if earlier, as of the date they were made. Diamondback does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.<\/p>\n<p>\n        <strong>Investor Contact:<\/strong><br \/>\n        <br \/>Adam Lawlis<br \/>+1 432.221.7467<br \/>alawlis@diamondbackenergy.com<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUxNDQ2NyM3MTA0OTMyIzIwMDkyMjU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NWY0ZTU1MjktM2Y3MC00NDg1LWJhM2UtOGNhODkwM2Q3ZjAyLTEwMjA3OTgtMjAyNS0wOC0xOS1lbg==\/tiny\/Diamondback-Energy-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MIDLAND, Texas, Aug. 19, 2025 (GLOBE NEWSWIRE) &#8212; Diamondback Energy, Inc. (NASDAQ: FANG) (\u201cDiamondback\u201d or the \u201cCompany\u201d) today announced that its publicly traded subsidiary, Viper Energy, Inc. (NASDAQ: VNOM) (\u201cViper\u201d), has closed its previously announced acquisition of Sitio Royalties Corp. (\u201cSitio\u201d). Additionally, the Company announced revised Q3 2025 production guidance to give effect to the closing of the Sitio acquisition. Updated Third Quarter 2025 Production Guidance Diamondback has increased its third quarter 2025 production guidance to reflect 43 days of contribution from the Sitio assets beginning August 19, as follows: \u00a0 Q3 2025 Guidance Q3 2025 Guidance \u00a0 Diamondback Energy, Inc. Viper Energy, Inc. \u00a0 \u00a0 \u00a0 Q3 2025 Net production &#8211; MBOE\/d 908 &#8211; 938\u00a0(from 890 &#8211; 920) 104.0 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-s-subsidiary-viper-energy-inc-closes-acquisition-of-sitio-royalties\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Diamondback Energy, Inc.\u2019s Subsidiary Viper Energy, Inc. Closes Acquisition of Sitio Royalties&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-876920","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Diamondback Energy, Inc.\u2019s Subsidiary Viper Energy, Inc. Closes Acquisition of Sitio Royalties - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-s-subsidiary-viper-energy-inc-closes-acquisition-of-sitio-royalties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diamondback Energy, Inc.\u2019s Subsidiary Viper Energy, Inc. Closes Acquisition of Sitio Royalties - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MIDLAND, Texas, Aug. 19, 2025 (GLOBE NEWSWIRE) &#8212; Diamondback Energy, Inc. (NASDAQ: FANG) (\u201cDiamondback\u201d or the \u201cCompany\u201d) today announced that its publicly traded subsidiary, Viper Energy, Inc. (NASDAQ: VNOM) (\u201cViper\u201d), has closed its previously announced acquisition of Sitio Royalties Corp. (\u201cSitio\u201d). Additionally, the Company announced revised Q3 2025 production guidance to give effect to the closing of the Sitio acquisition. Updated Third Quarter 2025 Production Guidance Diamondback has increased its third quarter 2025 production guidance to reflect 43 days of contribution from the Sitio assets beginning August 19, as follows: \u00a0 Q3 2025 Guidance Q3 2025 Guidance \u00a0 Diamondback Energy, Inc. Viper Energy, Inc. \u00a0 \u00a0 \u00a0 Q3 2025 Net production &#8211; MBOE\/d 908 &#8211; 938\u00a0(from 890 &#8211; 920) 104.0 &hellip; Continue reading &quot;Diamondback Energy, Inc.\u2019s Subsidiary Viper Energy, Inc. 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Closes Acquisition of Sitio Royalties - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-s-subsidiary-viper-energy-inc-closes-acquisition-of-sitio-royalties\/","og_locale":"en_US","og_type":"article","og_title":"Diamondback Energy, Inc.\u2019s Subsidiary Viper Energy, Inc. Closes Acquisition of Sitio Royalties - Market Newsdesk","og_description":"MIDLAND, Texas, Aug. 19, 2025 (GLOBE NEWSWIRE) &#8212; Diamondback Energy, Inc. (NASDAQ: FANG) (\u201cDiamondback\u201d or the \u201cCompany\u201d) today announced that its publicly traded subsidiary, Viper Energy, Inc. (NASDAQ: VNOM) (\u201cViper\u201d), has closed its previously announced acquisition of Sitio Royalties Corp. (\u201cSitio\u201d). Additionally, the Company announced revised Q3 2025 production guidance to give effect to the closing of the Sitio acquisition. Updated Third Quarter 2025 Production Guidance Diamondback has increased its third quarter 2025 production guidance to reflect 43 days of contribution from the Sitio assets beginning August 19, as follows: \u00a0 Q3 2025 Guidance Q3 2025 Guidance \u00a0 Diamondback Energy, Inc. Viper Energy, Inc. \u00a0 \u00a0 \u00a0 Q3 2025 Net production &#8211; MBOE\/d 908 &#8211; 938\u00a0(from 890 &#8211; 920) 104.0 &hellip; Continue reading \"Diamondback Energy, Inc.\u2019s Subsidiary Viper Energy, Inc. Closes Acquisition of Sitio Royalties\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-s-subsidiary-viper-energy-inc-closes-acquisition-of-sitio-royalties\/","og_site_name":"Market Newsdesk","article_published_time":"2025-08-19T11:23:17+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUxNDQ2NyM3MTA0OTMyIzIwMDkyMjU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-s-subsidiary-viper-energy-inc-closes-acquisition-of-sitio-royalties\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-s-subsidiary-viper-energy-inc-closes-acquisition-of-sitio-royalties\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Diamondback Energy, Inc.\u2019s Subsidiary Viper Energy, Inc. 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