DEBT |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DEBT | DEBT Long-term debt consisted of the following as of the dates indicated:
The Revolving Credit Facility On June 12, 2026, the Company, as the parent guarantor, and VNOM Sub, Inc., as a guarantor, entered into the first amendment to the credit agreement (as amended, the “Revolving Credit Agreement”) with Viper Energy Partners LP, as borrower, the lenders and other guarantors named therein and Wells Fargo Bank, National Association, as administrative agent, which among other things (i) increased the total commitments provided by the credit facility under the Revolving Credit Agreement from $1.50 billion to $2.00 billion (such facility, the “Revolving Credit Facility”), and (ii) extended the maturity date from June 12, 2030, to June 12, 2031. As of June 30, 2026, there was $95 million in outstanding borrowings and $1.91 billion available for future borrowings under the Revolving Credit Facility. The weighted average interest rates on the Revolving Credit Facility were 5.12% and 6.33% for the three months ended June 30, 2026 and 2025, respectively, and 5.16% and 6.42% for the six months ended June 30, 2026 and 2025, respectively. As of June 30, 2026, the Company was in compliance with all financial maintenance covenants under the Revolving Credit Agreement. Term Loan On July 23, 2025, in connection with the Sitio Acquisition, Former Viper, as guarantor, entered into a $500 million term loan credit agreement with the Operating Company, as borrower, and Goldman Sachs Bank USA, as administrative agent (the “Term Loan”). On August 19, 2025, the Term Loan was fully drawn and New Viper became a co-guarantor of the Term Loan. On February 13, 2026, the Term Loan was repaid in full using proceeds from the Non-Permian Divestiture.
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