Sitio Royalties gains after Viper Energy to acquire co in $4.1 billion deal

Sitio Royalties

03/06/2025 12:11

** Shares of Sitio Royalties STR.N rise 8.7% to $18.8 in premarket trading

** Oil and gas company Diamondback Energy's FANG.O unit Viper Energy VNOM.O to acquire Sitio Royalties in an all-stock deal valued at about $4.1 billion including debt

** The deal includes STR's net debt of $1.1 billion as of March 31

** Transaction is expected to close in 3Q25

** Up till last close, stock down 9.7% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))