# EDGAR Filing Document

**Accession Number:** 0001539838
**File Stem:** 0000950170-25-111487
**Filing Date:** 2025-8
**Character Count:** 23752
**Document Hash:** 8e027972950fa82494431abb70a5ada2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-111487.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0000950170-25-111487

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Viper Energy, Inc.
- **CENTRAL INDEX KEY:** 0002074176
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 392596878
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95206
- **FILM NUMBER:** 251258677

**BUSINESS ADDRESS:**
- **STREET 1:** 500 WEST TEXAS AVE.
- **STREET 2:** SUITE 100
- **CITY:** MIDLAND
- **STATE:** TX
- **ZIP:** 79701
- **BUSINESS PHONE:** (432) 221-7400

**MAIL ADDRESS:**
- **STREET 1:** 500 WEST TEXAS AVE.
- **STREET 2:** SUITE 100
- **CITY:** MIDLAND
- **STATE:** TX
- **ZIP:** 79701

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** New Cobra Pubco, Inc.
- **DATE OF NAME CHANGE:** 20250623
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Diamondback Energy, Inc.
- **CENTRAL INDEX KEY:** 0001539838
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 500 WEST TEXAS AVENUE
- **STREET 2:** SUITE 100
- **CITY:** MIDLAND
- **STATE:** TX
- **ZIP:** 79701
- **BUSINESS PHONE:** 432-221-7400

**MAIL ADDRESS:**
- **STREET 1:** 500 WEST TEXAS AVENUE
- **STREET 2:** SUITE 100
- **CITY:** MIDLAND
- **STATE:** TX
- **ZIP:** 79701

### Attached PDF Documents

**Attachment 1:** `ck0000000000-ex99_1.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Viper Energy, Inc. (f/k/a New Cobra Pubco, Inc.)**

*(Name of Issuer)*

**Class A Common Stock, par value $0.000001 per share**

*(Title of Class of Securities)*

**64361Q101**

*(CUSIP Number)*

**Teresa L. Dick**<br>Diamondback Energy, Inc.<br>900 NW 63rd Street, Suite 200<br>Oklahoma City OK 73116<br>(405) 463-6900

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**08/19/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **64361Q101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Diamondback Energy, Inc.** | Name of reporting person<br>**Diamondback Energy, Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**155058093.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**155058093.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**155058093.00** | Aggregate amount beneficially owned by each reporting person<br>**155058093.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**47.8%** | Percent of class represented by amount in Row (11)<br>**47.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **64361Q101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Diamondback E&P LLC** | Name of reporting person<br>**Diamondback E&P LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**8066528.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**8066528.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**8066528.00** | Aggregate amount beneficially owned by each reporting person<br>**8066528.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.5%** | Percent of class represented by amount in Row (11)<br>**4.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **64361Q101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Endeavor Energy Resources, L.P.** | Name of reporting person<br>**Endeavor Energy Resources, L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**69626640.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**69626640.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**69626640.00** | Aggregate amount beneficially owned by each reporting person<br>**69626640.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**29.1%** | Percent of class represented by amount in Row (11)<br>**29.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Common Stock, par value $0.000001 per share

**(b) Name of Issuer:**
Viper Energy, Inc. (f/k/a New Cobra Pubco, Inc.)

**(c) Address of Issuer's Principal Executive Offices:**
500 West Texas Ave., Suite 100, Midland, TX, 79701

**Item 4. Purpose of Transaction**

The information in Items 3 and 6 is incorporated herein by reference.

All of the shares of Class A common stock, par value 0.000001 per share ("Class A Common Stock") of the Issuer that may be deemed to be beneficially owned by the Reporting Persons, as reported herein, were acquired for investment purposes. The Reporting Persons retain the right to change their investment intent, from time to time, to acquire additional shares of Class A Common Stock or other securities of the Issuer, or to sell or otherwise dispose of all or part of the Class A Common Stock or other securities of the Issuer, if any, beneficially owned by them, in each case depending upon an ongoing evaluation of the investment in the Class A Common Stock, the Reporting Persons' businesses, prospects and financial condition, the market for the Class A Common Stock, general economic and prevailing market conditions, future developments and/or other factors.

Except as described above, none of the Reporting Persons currently has any other plans or proposals that would be related to or would result in any of the matters described in Items 4(a)-(j) of the Instructions to Schedule 13D. However, as part of the ongoing evaluation of investment and investment alternatives, the Reporting Persons may consider such matters and, subject to applicable law, may formulate a plan with respect to such matters, and, from time to time, may hold discussions with or make formal proposals to management or the board of directors of the Issuer or other third parties regarding such matters.

**Item 5. Interest in Securities of the Issuer**

**(a)**
As of the close of business on August 19, 2025, Diamondback beneficially owned 47.8% of the outstanding shares of common stock of the Issuer ("Common Stock"), Diamondback E&P beneficially owned 4.5% of the outstanding shares of Common Stock and Endeavor beneficially owned 29.1% of the outstanding shares of Common Stock.

The aggregate number and percentage of Common Stock beneficially owned by Diamondback, Diamondback E&P and Endeavor is based on 169,518,801 shares of Class A Common Stock of the Issuer outstanding as of August 19, 2025. The aggregate percentage of Common Stock beneficially owned by Diamondback does not reflect 10,093,670 OpCo Units and an option to purchase 10,093,670 shares of Class B Common Stock (which securities together are exchangeable for the same number of shares of Class A Common Stock), in each case granted to Tumbleweed Royalty IV, LLC ("TWR IV"), a third-party seller, in connection with Old Viper's acquisition of certain mineral and royalty-owning subsidiaries of TWR IV on October 1, 2024, as reported in Old Viper's Current Report on Form 8-K filed with the SEC on October 2, 2024, the obligations of which were assigned to and assumed by the Issuer, as reported in the Issuer's Current Report on Form 8-K12B filed with the U.S. Securities and Exchange Commission (the "SEC") on August 19, 2025.

The beneficial ownership percentage of the Listed Persons is set forth on Exhibit 99.1.

**(b)**
Diamondback:

Sole Voting Power: 155,058,093
Shared Voting Power: 0
Sole Dispositive Power: 155,058,093
Shared Dispositive Power: 0

Includes (i) 77,364,925 shares of Class B Common Stock and 77,364,925 OpCo Units held by Diamondback, (ii) 8,066,528 shares of Class B Common Stock and 8,066,528 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 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 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 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 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 OpCo Units held by Endeavor. Endeavor has the right to exchange its shares of Class B Common Stock and an equal number of 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.

**(c)**
The information contained in Items 3 and 6 is incorporated herein by reference. Except as otherwise described herein with respect to the Sitio Acquisition, none of the Reporting Persons nor, to the Reporting Persons' knowledge, the Listed Persons has effected any transactions in the shares of Class A Common Stock during the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Services and Secondment Agreement

On November 2, 2023, Diamondback E&P, Old Viper, Viper Energy Partners GP LLC and Opco entered into a Services and Secondment Agreement (the "Services Agreement").  In connection with the Sitio Acquisition, on August 19, 2025, the parties to the Services Agreement entered into an Assignment and Assumption Agreement with the Issuer, pursuant to which Old Viper assigned to the Issuer, and the Issuer assumed from Old Viper, all of Old Viper's rights and obligations arising under the Services Agreement.  Under the terms of the Services Agreement, Diamondback and Diamondback E&P provide personnel and general and administrative services to the Issuer, including the services of the Issuer's executive officers and other employees.

The foregoing description of the Services Agreement does not purport to be complete and is qualified in its entirety by reference to the Services Agreement, which is included as Exhibit 99.2 to this Schedule 13D and incorporated herein by reference.

Certificate of Incorporation Provisions

Under the Issuer's amended and restated certificate of incorporation, for so long as the Reporting Persons and any of their respective subsidiaries collectively beneficially own at least 25% of the outstanding common stock of the Issuer, (i) the Reporting Persons have the right to designate up to three persons to serve as directors of the Issuer and (ii) the board of directors of the Issuer may not appoint any person other than a Reporting Person's seconded employee as an executive officer of the Issuer unless such appointment is approved, in advance, by either (x) the Reporting Persons (which approval may not be unreasonably withheld or conditioned) or (y) the affirmative vote of the holders of at least 80% of the voting power of the capital stock of the Issuer. There are currently two Reporting Persons designees to the board of directors of the Issuer, Travis Stice and Kaes Van't Hof.

The foregoing description of the Issuer's amended and restated certificate of incorporation, as amended, does not purport to be complete and is qualified in its entirety by reference to the Issuer's amended and restated certificate of incorporation, which is included as Exhibit 99.3 to this Schedule 13D and incorporated herein by reference.

Exchange Agreement

Prior to the closing of the Sitio Acquisition, the OpCo Units and Old Viper Class B Common Stock owned by the Reporting Persons were exchangeable from time to time for shares of Class A common stock of Old Viper under the terms and conditions of the Second Amended and Restated Exchange Agreement, dated as of October 1, 2024, by and among Old Viper, Opco, Diamondback, Diamondback E&P and TWR IV (the "Exchange Agreement"). In connection with the Sitio Acquisition, on August 19, 2025, the parties to the Exchange Agreement entered into an Assignment and Assumption Agreement with the Issuer, pursuant to which Old Viper assigned to the Issuer, and the Issuer assumed from Old Viper, all of Old Viper's rights and obligations arising under the Exchange Agreement, such that one OpCo Unit and one share of Class B Common Stock, together, are exchangeable for one share of Class A Common Stock under the terms of the Exchange Agreement.

The foregoing description of the Exchange Agreement does not purport to be complete and is qualified in its entirety by reference to the Exchange Agreement, which is included as Exhibit 99.4 to this Schedule 13D and incorporated herein by reference.

Registration Rights Agreement

Prior to the closing of the Sitio Acquisition, the shares of Class A Common Stock that were to be issued to the Reporting Persons in connection with the Exchange Agreement were subject to that certain Second Amended and Restated Registration Rights Agreement, effective as of November 13, 2023, by and between the Issuer and Diamondback (the "Registration Rights Agreement"). In connection with the Sitio Acquisition, on August 19, 2025, Old Viper and Diamondback entered into an Assignment and Assumption Agreement with the Issuer, pursuant to which Old Viper assigned to the Issuer, and the Issuer assumed from Old Viper, all of Old Viper's rights and obligations arising under the Registration Rights Agreement. Under the Registration Rights Agreement, as assigned to and assumed by the Issuer, (i) Diamondback has certain demand registration rights with respect to Common Stock held by it or its subsidiaries and (ii) the Issuer shall (A) file with the SEC, as soon as reasonably practicable, but in no event more than 90 days following the receipt of a demand notice by Diamondback, a shelf registration statement registering for resale the shares of Class A Common Stock issuable upon the exchange of Diamondback's shares of Class B Common Stock, together with the equal number of their OpCo Units, (B) cause such shelf registration statement to be declared effective promptly thereafter and (C) cause such securities to be listed on Nasdaq.

The foregoing description of the Registration Rights Agreement does not purport to be complete and is qualified in its entirety by reference to the Registration Rights Agreement, which is included as Exhibit 99.5 to this Schedule 13D and incorporated herein by reference.

Opco LLCA

In connection with the Sitio Acquisition, Old Viper, the Issuer, Diamondback, Diamondback E&P, TWR IV, former holders of Sitio Opco Units and certain other parties thereto entered into a Fourth Amended and Restated Limited Liability Company Agreement of Opco (the "Opco LLCA").  The Opco LLCA also provides that members of Opco ("Opco Members"), other than the Issuer, as the managing member, or each of the Issuer's wholly owned subsidiaries that owns one or more Opco Units, may require the Issuer to redeem (each, a "Redemption") all or a portion of the shares of Class B Common Stock held by such Opco Member, together with an equal number of Opco Units (one share of Class B Common Stock and one Opco Unit, together, a "Paired Unit", and a Paired Unit that has in fact been tendered for Redemption, a "Tendered Unit"), in exchange for a number of shares of Class A Common Stock equal to the number of Tendered Units.  The Opco LLCA also provides that, in lieu of any Redemption, the Issuer will be entitled, subject to the redeeming Opco Member's acceptance in writing, to purchase some or all of the Tendered Units from such redeeming Opco Member for an amount of cash equal to the product of (x) (A) the number of Tendered Units, multiplied by (B) the average of the daily closing prices per share of Class A Common Stock for the 20 consecutive trading days immediately prior to the date of determination, multiplied by (y) the percentage of such Tendered Units being settled in cash, expressed as a percentage of the total number of Tendered Units rounded up to the nearest Tendered Unit (with the remainder of any Tendered Units not settled in cash to be redeemed for shares of Class A Common Stock). Subject to certain exceptions, without the Issuer's consent, no Opco Member may (i) effect a Redemption for less than 2,000 Paired Units, if such Opco Member holds at least 2,000 Paired Units, (ii) effect a Redemption for less than all of the Paired Units held by such Opco Member, if such Opco Member holds less than 2,000 Paired Units or (iii) effect a Redemption more than one time in any calendar month.

The foregoing description of the Opco LLCA does not purport to be complete and is qualified in its entirety by reference to the Opco LLCA, a copy of which is included as Exhibit 99.6 to this Schedule 13D and is incorporated herein by reference.

Support Agreement:

Concurrently with the execution and delivery of the Merger Agreement, Sitio, Old Viper, the Issuer, and the Reporting Persons entered into the Parent Support Agreement, dated June 2, 2025 (the "Support Agreement"), which provided, among other things, that the Reporting Persons would not transfer or otherwise dispose of any common stock of the Issuer or OpCo Units held by them or engage in any short sales with respect to securities of the Issuer from the date of the Merger Agreement to 90 days following the closing of the Sitio Acquisition (the "Restricted Period"), subject to certain exceptions. The Support Agreement will terminate at the earlier of (i) the expiration of the Restricted Period and (ii) the mutual consent of the parties to the Support Agreement.

The foregoing description of the Support Agreement does not purport to be complete and is qualified in its entirety by reference to the Support Agreement, which is included as Exhibit 99.7 to this Schedule 13D and is incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Diamondback Energy, Inc.

**Signature:** /s/ Teresa L. Dick

**Name/Title:** Teresa L. Dick/Executive Vice President, Chief Accounting Officer and Assistant Secretary

**Date:** 08/26/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Diamondback E&P LLC

**Signature:** /s/ Teresa L. Dick

**Name/Title:** Teresa L. Dick/Executive Vice President, Chief Accounting Officer and Assistant Secretary

**Date:** 08/26/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Endeavor Energy Resources, L.P.

**Signature:** /s/ Teresa L. Dick

**Name/Title:** Teresa L. Dick/Executive Vice President, Chief Accounting Officer and Assistant Secretary

**Date:** 08/26/2025