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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
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X0202 SCHEDULE 13D/A 0000950170-25-111487 0001539838 XXXXXXXX LIVE 2 Class A Common Stock, par value $0.000001 per share 03/19/2026 false 0002074176 64361Q101 Viper Energy, Inc. 500 West Texas Ave. Suite 1000 Midland TX 79701 Teresa L. Dick (432) 221-7400 Diamondback Energy, Inc. 900 NW 63rd Street, Suite 200 Oklahoma City OK 73116 Zachary S. Podolsky (212) 906-1200 Latham & Watkins LLP 1271 Avenue of the Americas New York NY 10020 0001539838 N Diamondback Energy, Inc. OO N DE 142156718.00 0.00 142156718.00 0.00 142156718.00 N 42.3 CO Y Diamondback E&P LLC OO N DE 8066528.00 0.00 8066528.00 0.00 8066528.00 N 4.0 OO Y Endeavor Energy Resources, L.P. OO N TX 69626640.00 0.00 69626640.00 0.00 69626640.00 N 26.4 OO Class A Common Stock, par value $0.000001 per share Viper Energy, Inc. 500 West Texas Ave. Suite 1000 Midland TX 79701 This Amendment No. 2 to Schedule 13D amends and supplements the statement on Schedule 13D originally filed with the United States Securities and Exchange Commission on August 26, 2025 (as amended, the "Schedule 13D"), relating to the Class A Common Stock, par value $0.000001 per share (the "Class A Common Stock") of Viper Energy, Inc., a Delaware corporation (the "Issuer"). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D. The information contained on the cover pages is incorporated by reference to this Item 5. The information on the cover pages sets forth the aggregate number of shares of Class A Common Stock and percentage of Class A Common Stock outstanding beneficially owned by each of the Reporting Persons, based on 194,114,585 shares of Class A Common Stock outstanding as of March 4, 2026. The beneficial ownership percentage of the Listed Persons is set forth on Exhibit 99.1 as filed on August 26, 2025. Diamondback: Sole Voting Power: 142,156,718 Shared Voting Power: 0 Sole Dispositive Power: 142,156,718 Shared Dispositive Power: 0 Includes (i) 64,463,550 shares of Class B Common Stock and 64,463,550 New OpCo Units held by Diamondback, (ii) 8,066,528 shares of Class B Common Stock and 8,066,528 New OpCo Units held by Diamondback's wholly owned subsidiary, Diamondback E&P and (iii) 69,626,640 shares of Class B Common Stock and 69,626,640 New OpCo Units held by Diamondback's wholly owned subsidiary, Endeavor. Diamondback, Diamondback E&P and Endeavor have the right to exchange their shares of Class B Common Stock and an equal number of New OpCo Units on a one-for-one basis for shares of Class A Common Stock. Diamondback E&P: Sole Voting Power: 8,066,528 Shared Voting Power: 0 Sole Dispositive Power: 8,066,528 Shared Dispositive Power: 0 Includes 8,066,528 shares of Class B Common Stock and 8,066,528 New OpCo Units held by Diamondback E&P. Diamondback E&P has the right to exchange its shares of Class B Common Stock and an equal number of New OpCo Units on a one-for-one basis for shares of Class A Common Stock. Endeavor: Sole Voting Power: 69,626,640 Shared Voting Power: 0 Sole Dispositive Power: 69,626,640 Shared Dispositive Power: 0 Includes 69,626,640 shares of Class B Common Stock and 69,626,640 New OpCo Units held by Endeavor. Endeavor has the right to exchange its shares of Class B Common Stock and an equal number of New OpCo Units on a one-for-one basis for shares of Class A Common Stock. The beneficial ownership of the Listed Persons is set forth in Exhibit 99.1. On March 19, 2026, the Underwriters partially exercised their overallotment option and elected to purchase an additional 510,071 shares of Class A Common Stock from Diamondback at a price of $45.69 per share. Except for the foregoing, none of the Reporting Persons nor, to the Reporting Persons' knowledge, any of the Listed Persons, has effected any transaction in the Issuer's Common Stock since the filing of Amendment No. 1 to this Schedule 13D. None. Not applicable Diamondback Energy, Inc. /s/ Teresa L. Dick Teresa L. Dick/Executive Vice President, Chief Accounting Officer and Assistant Secretary 03/23/2026 Diamondback E&P LLC /s/ Teresa L. Dick By: Diamondback Energy, Inc., its sole member Teresa L. Dick/Executive Vice President, Chief Accounting Officer and Assistant Secretary 03/23/2026 Endeavor Energy Resources, L.P. /s/ Teresa L. Dick Teresa L. Dick/Executive Vice President, Chief Accounting Officer and Assistant Secretary 03/23/2026