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    <periodOfReport>2026-03-04</periodOfReport>

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    <issuer>
        <issuerCik>0002074176</issuerCik>
        <issuerName>Viper Energy, Inc.</issuerName>
        <issuerTradingSymbol>VNOM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001539838</rptOwnerCik>
            <rptOwnerName>Diamondback Energy, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>500 WEST TEXAS AVENUE,</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 100</rptOwnerStreet2>
            <rptOwnerCity>MIDLAND</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>79701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>Director by Deputization</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

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            <securityTitle>
                <value>Class B Common Stock</value>
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                <footnoteId id="F1"/>
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                <footnoteId id="F1"/>
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                <footnoteId id="F1"/>
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                    <value>By Diamondback E&amp;P LLC</value>
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                    <value>By Diamondback E&amp;P LLC</value>
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                <value>Class B Common Stock</value>
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                <footnoteId id="F1"/>
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                <footnoteId id="F1"/>
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                    <value>Class A Common Stock</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Endeavor Energy Resources, L.P.</value>
                </natureOfOwnership>
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        <derivativeHolding>
            <securityTitle>
                <value>Operating Company Units</value>
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                <footnoteId id="F1"/>
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                    <value>By Endeavor Energy Resources, L.P.</value>
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    <footnotes>
        <footnote id="F1">Pursuant to the Amended and Restated Limited Liability Company Agreement of VNOM Holding Company LLC, each share Class B Common Stock, together with an equal number of Operating Company Units, is redeemable at the holder's discretion for one share of Class A Common Stock.</footnote>
        <footnote id="F2">The Class B Common Stock and Operating Company Units were issued in connection with the completion of the transactions contemplated by the Agreement and Plan of Merger (the &quot;Merger Agreement&quot;), dated as of June 2, 2025, by and among VNOM Sub, Inc. (f/k/a Viper Energy, Inc.) (&quot;Former Viper&quot;), Viper Energy, Inc. (f/k/a New Cobra Pubco, Inc.) (&quot;New Viper&quot;) and the other parties thereto, on August 19, 2025.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Teresa L. Dick as Executive Vice President, Chief Accounting Officer and Assistant Secretary of Diamondback Energy, Inc.</signatureName>
        <signatureDate>2026-03-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
