Sitio Royalties Corp. Stockholders Approve Merger with Viper Energy

Sitio Royalties Corp. stockholders have approved the merger with Viper Energy, Inc., which is expected to close on August 19, 2025. Under the terms of the merger, Sitio stockholders will receive 0.4855 shares of New Viper Class A common stock for each share of Sitio Class A common stock owned. Sitio Royalties Operating Partnership, LP unitholders will receive 0.4855 common units in Viper Energy Partners LLC and 0.4855 shares of New Viper Class B common stock for each unit in Sitio Opco owned.

Sitio Royalties Corp. (NYSE: STR) has received approval from its stockholders to merge with Viper Energy, Inc. (Viper), with the anticipated closing date set for August 19, 2025. The merger, previously announced, has been approved at a special meeting of Sitio stockholders held on August 18, 2025.

Under the terms of the merger, Sitio stockholders will receive 0.4855 shares of New Viper Class A common stock for each share of Sitio Class A common stock owned. Additionally, Sitio Royalties Operating Partnership, LP (Sitio Opco) unitholders will receive 0.4855 common units representing limited liability company membership interests in Viper Energy Partners LLC for each unit in Sitio Opco owned, along with 0.4855 shares of New Viper Class B common stock for each unit in Sitio Opco owned. Each share of Sitio Class C common stock will be canceled for no consideration and cease to exist. Sitio Class A common stock will be suspended from trading on the New York Stock Exchange (NYSE) prior to market open on August 19, 2025.

Sitio Royalties Corp. is a shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests across premium basins. As of June 30, 2025, Sitio has accumulated over 275,000 NRAs through the consummation of over 200 acquisitions.

The merger is subject to various risks, including the risk that the conditions to the consummation of the merger are not satisfied on a timely basis or at all, the ability to successfully integrate Sitio's and Viper's businesses and technologies, and the risk that the expected benefits and synergies of the merger may not be fully achieved in a timely manner or at all. Investors and stockholders are urged to read the registration statement and joint information statement/proxy statement/prospectus filed with the SEC to obtain important information about the merger and related matters.

References:
[1] https://www.stocktitan.net/news/STR/sitio-royalties-corp-stockholders-approve-merger-with-viper-energy-nbw5vi5xpswh.html
[2] https://www.businesswire.com/news/home/20250815712204/en/Sitio-Royalties-Corp.-Stockholders-Approve-Merger-with-Viper-Energy-Inc.