MIDLAND, Texas, Aug. 19, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced that Viper has completed its acquisition of Sitio Royalties Corp. (“Sitio”) in an all-equity transaction. Additionally, the Company announced revised Q3 2025 production guidance to give effect to the closing of the merger. REVISED THIRD QUARTER 2025 GUIDANCEAverage oil production of 54,500 – 57,500 bo/d; represents an increase of 8,500 bo/d at the midpoint versus prior standalone guidance given 43 days of contribution from Sitio Average total production of 104,000 – 110,000 boe/d; represents an increase of 18,000 boe/d at the midpoint versus prior standalone guidance given 43 days of contribution from Sitio“We are pleased to announce...

MIDLAND, Texas, Aug. 19, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its publicly traded subsidiary, Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”), has closed its previously announced acquisition of Sitio Royalties Corp. (“Sitio”). Additionally, the Company announced revised Q3 2025 production guidance to give effect to the closing of the Sitio acquisition. Updated Third Quarter 2025 Production GuidanceDiamondback has increased its third quarter 2025 production guidance to reflect 43 days of contribution from the Sitio assets beginning August 19, as follows:  Q3 2025 Guidance Q3 2025 Guidance  Diamondback Energy, Inc. Viper Energy, Inc.     Q3 2025 Net production – MBOE/d 908 – 938 (from 890 – 920) 104.0 – 110.0Q3 2025 Oil production...

Increased scale and business line diversity to result in a stronger, more resilient platform to safely, reliably, and cost-effectively meet customers’ rising energy needs Merger expected to be accretive to each company’s EPS in the first year following the close of transaction Combined company supports an increased long-term EPS target growth rate of 5% to 7% Contiguous service territory with attractive growth profile expected to provide additional investment opportunities beyond each company’s current capital investment plan Strong and predictable earnings and cash flows with more efficient access to capital to be credit-enhancing and support a high-quality credit profile, an enhanced ability to invest in critical infrastructure, and a strong and growing dividend Veteran leadership team and complementary cultures with shared commitments...

BOSTON, Aug. 19, 2025 (GLOBE NEWSWIRE) — Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company” or “Plymouth”) today announced that it has received an unsolicited, non-binding proposal from Sixth Street Partners, LLC (“Sixth Street”), to acquire all of the outstanding shares of the Company’s common stock for cash consideration of $24.10 per share. According to the Schedule 13D​ filed yesterday with the U.S. Securities and Exchange Commission disclosing the proposal, Sixth Street beneficially owns approximately 9.99% of Plymouth’s​ outstanding common stock. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Company’s Board of Directors will carefully evaluate the proposal to determine the course of action it believes is in the best interests of all Plymouth shareholders. Shareholders...