On June 12, 2025 (the "Credit Effective Date"), Viper Energy, Inc., as guarantor (the "Company"), entered into a Credit Agreement with Viper Energy Partners LLC, as borrower (the "Borrower"), the lenders and other guarantors named therein and Wells Fargo Bank, National Association, as administrative agent (the "Credit Agreement"). The Credit Agreement replaces the Borrower's existing Credit Agreement, dated as of July 20, 2018, among the Company, the Borrower, the other guarantors and lenders named therein and Wells Fargo Bank, National Association as administrative agent (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the "Existing Credit Agreement").

The Credit Agreement is guaranteed by certain subsidiaries of the Borrower and provides the Borrower with commitments for a senior unsecured revolving credit facility equal to $1,500,000,000. Proceeds from any borrowings under the Credit Agreement may be used for working capital and other general corporate purposes. As of the Credit Effective Date, the aggregate principal amount outstanding under the Credit Agreement is approximately $365,000,000.

Borrowings under the Credit Agreement bear interest at a per annum rate elected by the Borrower that is equal to term SOFR or an alternate base rate (which is equal to the greatest of the prime rate, the federal funds effective rate plus 0.50%, and 1-monthterm SOFR plus 1.0%, subject to a 1.0% floor), in each case plus the applicable margin. The applicable margin ranges from 0.125% to 1.000% per annum in the case of alternate base rate loans and from 1.125% to 2.000% per annum in the case of term SOFR loans, in each case based on the pricing level. Further, the commitment fee ranges from 0.125% to 0.325% per annum on the average daily unused portion of the commitment, again based on the pricing level. The pricing level depends on the rating of the Company's long-term senior unsecured debt by certain ratings agencies.

The loans under the Credit Agreement may be voluntarily prepaid, and unutilized commitments thereunder may be voluntarily reduced, without penalty, other than customary term SOFR loan breakage.

The Credit Agreement contains representations and warranties, affirmative and negative covenants and events of default, in each case, customary for unsecured financings of this type. Negative covenants include, among others, certain limitations on the incurrence of liens by the Company, the Borrower and their respective subsidiaries and on the incurrence of debt by the Borrower's subsidiaries. In addition, the Credit Agreement requires that the Company maintain a total net debt to capitalization ratio of no more than 65%. If any of the events of default specified in the Credit Agreement occur and are not cured within applicable grace periods or waived, any unpaid amounts under the Credit Agreement may be declared immediately due and payable and the lenders' commitments may be terminated.

Many of the lenders under the Credit Agreement and/or their affiliates have in the past performed, and may in the future from time to time perform, investment banking, financial advisory, lending and/or commercial banking services, or other services for the Company and its subsidiaries (including in connection with the transactions described in this Current Report on Form 8-K),for which they have received, and may in the future receive, customary compensation and expense reimbursement.

The foregoing description of the Credit Agreement and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by the full text of the Credit Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-Kand incorporated herein by reference.

In connection with the entry into the Credit Agreement, the Borrower terminated all commitments of the lenders under the Existing Credit Agreement, which were previously scheduled to expire on September 22, 2028. In connection therewith, all outstanding borrowings under the Existing Credit Agreement were repaid, and all guarantees thereof and security interests granted to secure such indebtedness were released.

The information included in Item 1.01 above is hereby incorporated by reference in its entirety into this Item 2.03.