| Schedule of Beneficial Ownership of Common Stock and OpCo Units |
The following table presents the beneficial ownership of Common Stock and OpCo Units as of December 31, 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2025 | | Shares of Common Stock Beneficially Owned | | Percentage Ownership(1) | | OpCo Units Beneficially Owned | | Percentage Ownership | Public equity holders of Class A Common Stock | 170,942,687 | | | 46.5 | % | | — | | | — | % | Viper and subsidiaries | — | | | — | % | | 170,942,687 | | | 46.5 | % | Diamondback and subsidiaries | 155,058,093 | | | 42.1 | % | | 155,058,093 | | | 42.1 | % | Sitio OpCo former equity holders | 29,565,308 | | | 8.0 | % | | 29,565,308 | | | 8.0 | % | TWR IV(1) | 10,093,670 | | | 2.7 | % | | 10,093,670 | | | 2.7 | % | Morita Ranches Equity Recipients | 2,400,297 | | | 0.7 | % | | 2,400,297 | | | 0.7 | % | Total Ownership(1) | 368,060,055 | | | 100.0 | % | | 368,060,055 | | | 100.0 | % |
(1)On a fully diluted basis, assuming TWR IV exercises the TWR Class B Option.
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| Schedule of Dividends Declared |
The following table presents information regarding cash distributions and dividends paid during the years ended December 31, 2025, 2024 and 2023 (in millions except per share amounts):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Distributions | | | | | | | | | | Period | | Amount per OpCo Unit | | Operating Company Distributions to Non-Controlling Interests | | Amount per Class A Common Share | | Class A Common Stockholders(1)(2) | | Declaration Date | | Class A Common Stockholder Record Date | | Payment Date | | | | 2025 | | | | | | | | | | | | | | | | | | Q4 2024 | | $ | 0.69 | | | $ | 68 | | | $ | 0.65 | | | $ | 85 | | | January 30, 2025 | | March 6, 2025 | | March 13, 2025 | | | | Q1 2025 | | $ | 0.70 | | | $ | 117 | | | $ | 0.57 | | | $ | 75 | | | May 1, 2025 | | May 15, 2025 | | May 22, 2025 | | | | Q2 2025 | | $ | 0.59 | | | $ | 98 | | | $ | 0.53 | | | $ | 68 | | | July 31, 2025 | | August 14, 2025 | | August 21, 2025 | | | | Q3 2025 | | $ | 0.66 | | | $ | 134 | | | $ | 0.58 | | | $ | 99 | | | October 30, 2025 | | November 13, 2025 | | November 20, 2025 | | | | 2024 | | | | | | | | | | | | | | | | | | Q4 2023 | | $ | 0.69 | | | $ | 63 | | | $ | 0.56 | | | $ | 48 | | | February 15, 2024 | | March 5, 2024 | | March 12, 2024 | | | | Q1 2024 | | $ | 0.70 | | | $ | 60 | | | $ | 0.59 | | | $ | 54 | | | April 25, 2024 | | May 15, 2024 | | May 22, 2024 | | | | Q2 2024 | | $ | 0.76 | | | $ | 65 | | | $ | 0.64 | | | $ | 59 | | | August 1, 2024 | | August 15, 2024 | | August 22, 2024 | | | | Q3 2024 | | $ | 0.73 | | | $ | 69 | | | $ | 0.61 | | | $ | 63 | | | October 31, 2024 | | November 14, 2024 | | November 21, 2024 | | | | 2023 | | | | | | | | | | | | | | | | | | Q4 2022 | | $ | 0.54 | | | $ | 49 | | | $ | 0.49 | | | $ | 36 | | | February 15, 2023 | | March 3, 2023 | | March 10, 2023 | | | | Q1 2023 | | $ | 0.42 | | | $ | 38 | | | $ | 0.33 | | | $ | 24 | | | April 26, 2023 | | May 11, 2023 | | May 18, 2023 | | | | Q2 2023 | | $ | 0.44 | | | $ | 40 | | | $ | 0.36 | | | $ | 25 | | | July 25, 2023 | | August 10, 2023 | | August 17, 2023 | | | | Q3 2023 | | $ | 0.70 | | | $ | 64 | | | $ | 0.57 | | | $ | 49 | | | November 2, 2023 | | November 16, 2023 | | November 24, 2023 | | | | | | | | | | | | | | | | | | | |
(1)Dividends paid in the first quarter of 2024 include amounts paid to Diamondback for the 7,946,507 shares of Class A Common Stock then beneficially owned by Diamondback and distributions equivalent rights payments. As of March 31, 2024, Diamondback did not beneficially own any shares of Class A Common Stock. (2)For distributions paid in 2023, includes amounts paid to Diamondback for the 731,500 common units then beneficially owned by Diamondback.
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