v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule Of Ownership Interests
The following table presents the beneficial ownership of Common Stock and OpCo Units as of March 31, 2026:

As of March 31, 2026
Shares of Common Stock Beneficially Owned
Percentage Ownership(1)
OpCo Units Beneficially Owned
Percentage Ownership
Public equity holders of Class A Common Stock
194,311,958 53.1 %— — %
Viper and subsidiaries
— — 194,311,958 53.1 
Diamondback and subsidiaries
142,156,718 38.9 142,156,718 38.9 
Sitio OpCo Former Equity Holders
21,338,299 5.8 21,338,299 5.8 
TWR IV(1)
6,746,384 1.8 6,746,384 1.8 
EnCap
1,315,530 0.4 1,315,530 0.4 
Total Ownership(1)
365,868,889 100.0 %365,868,889 100.0 %
(1)On a fully diluted basis, assuming TWR IV exercises the TWR Class B Option.
Schedule of Cash Distributions
The following table presents information regarding cash dividends paid during the three months ended March 31, 2026 and 2025 (in millions except per share amounts):

Distributions
PeriodAmount per OpCo Unit
Operating Company Distributions to Non-Controlling Interests
Amount per Class A Common Share
Class A Common Stockholders
Declaration DateClass A Common Stockholder Record DatePayment Date
2026
Q4 2025
$0.65 $113 $0.52 $100 
February 18, 2026
March 5, 2026
March 12, 2026
2025
Q4 2024$0.69 $68 $0.65 $85 
January 30, 2025
March 6, 2025
March 13, 2025
Schedule of Change in Ownership Interest
The following table summarizes the changes in the Company’s stockholders’ equity due to changes in ownership interest of subsidiaries during the period:

Three Months Ended March 31,
20262025
(In millions)
Net income (loss) attributable to the Company$97 $75 
Transfers from the non-controlling interest:
Increase in additional paid-in capital due to exchange of Class B Common Stock and OpCo Units into shares of Class A Common Stock
786 — 
Other transfers to the non-controlling interest, net
(68)(236)
Change from net income (loss) attributable to the Company’s stockholders and transfers with non-controlling interest$815 $(161)