VNOMViper Energy, Inc. Class A Common Stock

Viper Energy, Inc. Class A Common Stock represents the publicly traded equity of Viper Energy, a Midland, Texas-based energy company focused on owning, acquiring, and managing mineral and royalty interests in oil and natural gas properties. Its business is centered on the Permian Basin, where it participates in hydrocarbon production through royalty-based arrangements rather than direct drilling operations. This model gives the company exposure to upstream energy activity while remaining relatively capital-light compared with traditional exploration and production firms. Viper Energy operates within the broader North American oil and gas market and serves as a vehicle for investors seeking equity exposure to mineral rights and royalty cash flows. The company is a subsidiary of Diamondback Energy and uses its Class A common stock as the primary public share class for market participation.