Sitio Royalties Corp

Sitio Royalties Corp. invests in oil and gas mineral and royalty properties. It acquires, owns, and manages high-quality oil and gas mineral and royalty interests operated by exploration and production companies. The company is headquartered in Denver, CO.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Sitio Royalties Corp reports Q4 challenges and strategic growth opportunities

Sitio Royalties Corp navigated challenges of lower commodity prices in Q4 2022 while focusing on operational growth and financial flexibility.
Despite sequential declines in financial metrics, the company's strategic acquisitions and underwriting discipline present opportunities for future expansion.
Investors may monitor Sitio's ability to maintain dividend sustainability and capitalize on growth prospects outlined in the 2023 guidance.

Sitio Royalties Corp maintains steady production and efficient cost management

Sitio Royalties Corp's Q1 2023 performance was solid, with consistent production levels and strong financial metrics.
The company's disciplined approach to acquisitions and cost management underscore its operational efficiency and strategic focus.
Challenges in acquisitions and market competition highlight the need for strategic evaluation and a focus on operational excellence.

Sitio Royalties Corp (STR) reports robust Q2 performance and growth outlook

Sitio Royalties Corp (STR) delivered a strong Q2 performance with increased production and solid financial results, supported by strategic acquisitions.
The company's focus on strengthening its balance sheet and optimizing operational efficiency bodes well for future growth and shareholder value.
While facing industry challenges and market uncertainties, Sitio Royalties Corp (STR) remains well-positioned to capitalize on opportunities for expansion and innovation.

Sitio Royalties Corp (STR) reports strong Q3 performance and strategic divestitures

Sitio Royalties Corp (STR) delivered a robust performance in Q3 2023, marked by strong production figures, increased EBITDA, and consistent dividend payouts.
While facing challenges related to production trajectory and industry dynamics, the company's strategic divestitures and financial management initiatives signal resilience and adaptability.
By seizing opportunities through asset divestitures, potential acquisitions, and prudent financial strategies, Sitio Royalties Corp (STR) aims to navigate challenges and drive sustainable growth.

Sitio Royalties Corp (STR) excels in Q4 2023 with strategic acquisitions and capital return focus

Sitio Royalties Corp (STR) delivered a robust performance in Q4 2023, driven by strategic capital return initiatives and a significant acquisition in the DJ Basin.
The company's strong liquidity position, operational efficiency, and focus on shareholder value creation position it well for future growth and value enhancement.
While facing integration challenges and market uncertainties, STR has opportunities to capitalize on its acquisitions, optimize capital allocation, and drive operational excellence.

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DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”, “STR” or the “Company”) today announced operational and financial results for the quarter and year ended December 31, 2023. Unless the context clearly indicates otherwise, references to “we,” “our,” “us” or similar terms refer to Sitio and its subsidiaries. FOURTH QUARTER 2023 OPERATIONAL AND FINANCIAL HIGHLIGHTS 4Q 2023 average daily production volume of 35,776 barrels of oil equivalent per day ("Boe/d") (47% oil); Pro forma.

Sitio Royalties Reports Fourth Quarter and Full Year 2023 Operational and Financial Results, Recent Developments, and Provides Full Year 2024 Guidance

Sitio Royalties has taken steps to reduce debt and increase cash flows, including refinancing high-interest senior notes and selling off assets in the Appalachia and Anadarko Basins. These actions will save the company over $20 million annually in interest expenses, which will be used for additional distributions and debt repayment. Strong permitting activity in the DJ basin will provide additional avenues for revenue growth.

Upgrading Sitio Royalties To A Buy Following A 20% Decline In Share Price

Sitio sold its Appalachia and Anadarko Basin assets for $117.5 million in cash before adjustments. I estimate that these assets would have generated $12 million in 2024 free cash flow, while Sitio saves $10 million in interest costs from debt paydown.

Sitio Royalties: Increased Payout Ratio Gets Closer After Recent Divestiture

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”) today announced that it will report operating and financial results for the fourth quarter of 2023 on Wednesday, February 28, 2024, after the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Thursday, February 29, 2024 to discuss its fourth quarter and full year 2023 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the Unite.

Sitio Royalties Schedules Fourth Quarter 2023 Earnings Call

Sitio Royalties Corp. (NYSE:STR ) Q3 2023 Earnings Call Transcript November 9, 2023 8:30 AM ET Company Participants Ross Wong - VP, Finance and IR Chris Conoscenti - CEO Conference Call Participants Derrick Whitfield - Stifel Noel Parks - Tuohy Brothers Investment Operator Hello, and welcome to the Sitio Royalties Third Quarter 2023 Earnings Call. My name is Alex, I'll be coordinating the call today.

Sitio Royalties Corp. (STR) Q3 2023 Earnings Call Transcript

The headline numbers for Sitio Royalties (STR) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Sitio Royalties (STR) Q3 Earnings: A Look at Key Metrics

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio,” “STR” or the “Company”) today announced operational and financial results for the quarter ended September 30, 2023. Unless the context clearly indicates otherwise, references to “we,” “our,” “us” or similar terms refer to Sitio and its subsidiaries. THIRD QUARTER 2023 OPERATIONAL AND FINANCIAL HIGHLIGHTS Pro forma 3Q 2023 average daily in-period production volume of 36,654 barrels of oil equivalent per day (“Boe/d”) (50% oil)(.

Sitio Royalties Reports Third Quarter 2023 Operational and Financial Results

The average of price targets set by Wall Street analysts indicates a potential upside of 36.5% in Sitio Royalties (STR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Sitio Royalties (STR) Have the Potential to Rally 36.52% as Wall Street Analysts Expect?

Sitio Royalties (STR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Sitio Royalties (STR) Run Higher on Rising Earnings Estimates?

The consensus price target hints at a 32.6% upside potential for Sitio Royalties (STR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Predict a 32.59% Upside in Sitio Royalties (STR): Here's What You Should Know

Sitio's new 7.875% unsecured notes due November 2028 have a lower interest rate than its other debt. Sitio's variable interest rate notes due September 2026 have an effective interest rate of over 11%. Sitio's interest costs should be reduced by around $15 million per year.

Sitio Royalties: New Notes Reduce Interest Costs By Around $15 Million Per Year

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”) today announced that it will report operating and financial results for the third quarter of 2023 on Wednesday, November 8, 2023, after the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Thursday, November 9, 2023 to discuss its third quarter 2023 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States or 1-404-.

Sitio Royalties Schedules Third Quarter 2023 Earnings Call

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced the pricing of $600 million in aggregate principal amount of senior unsecured notes due 2028 (the “Notes”) by its subsidiaries, Sitio Royalties Operating Partnership, LP (the “Partnership”), and Sitio Finance Corp. (the “Co-Issuer” and together with the Partnership, the “Issuers”). The size of the offering was increased from $500 million. The Notes will accrue interest at a rate of 7.875% per a.

Sitio Royalties Prices Upsized $600 Million Offering of Senior Notes

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced that its subsidiaries, Sitio Royalties Operating Partnership, LP (the “Partnership”) and Sitio Finance Corp. (the “Co-Issuer” and together with the Partnership, the “Issuers”), subject to market conditions, intend to offer and sell to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside of the U.

Sitio Royalties Announces $500 Million Offering of Senior Notes

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Sitio Royalties Corp. (NYSE:STR ) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Ross Wong - VP, Finance and IR Chris Conoscenti - CEO Carrie Osicka - Chief Financial Officer Jarret Marcoux - EVP of Engineering and Acquisitions Conference Call Participants Tim Rezvan - KeyBanc Capital Markets TJ Schultz - RBC Capital Markets Nate Pendleton - Stifel Noel Parks - Tuohy Brothers Operator Good morning and thank you for attending Sitio Royalties Second Quarter 2023 Earnings Call. My name is Kuala [ph], and I'll be the operator today's call.

Sitio Royalties Corp. (STR) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Sitio Royalties (STR) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Sitio Royalties (STR) Reports Q2 Earnings: What Key Metrics Have to Say

Sitio Royalties (STR) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.39 per share a year ago.

Sitio Royalties (STR) Q2 Earnings Beat Estimates

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”, "STR" or the “Company”) today announced operational and financial results for the quarter ended June 30, 2023. Unless the context clearly indicates otherwise, references to "we," "our," "us" or similar terms refer to Sitio. SECOND QUARTER 2023 OPERATIONAL AND FINANCIAL HIGHLIGHTS 2Q 2023 average daily production volume of 34,681 barrels of oil equivalent per day ("Boe/d"), (50% oil) comparable to 1Q 2023 average daily producti.

Sitio Royalties Reports Second Quarter 2023 Operational and Financial Results

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DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”) today announced that it will report operating and financial results for the second quarter of 2023 on Tuesday, August 8, 2023, after the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Wednesday, August 9, 2023 to discuss its second quarter 2023 operating and financial results.  Participants can access the call by dialing 1-833-470-1428 in the United States or 1-404-97.

Sitio Royalties Schedules Second Quarter 2023 Earnings Call

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Sitio is now expected to generate around $2.78 per share in free cash flow in 2023 at the current low-$70s WTI strip. At a 65% payout ratio, this would allow it to pay $1.81 per share in dividends while putting approximately $150 million toward debt reduction.

Sitio Royalties: 2023 Dividends Expected To Be Around $1.80 Per Share At Strip

Sitio Royalties Corp. (NYSE:STR ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Ross Wong - VP, Finance and IR Chris Conoscenti - CEO Conference Call Participants Tim Rezvan - KeyBanc Capital Markets TJ Schultz - RBC Capital Markets John Annis - Stifel Noel Parks - Tuohy Brothers Operator Good morning and thank you for attending Sitio Royalties First Quarter 2023 Earnings Call. My name is Felicia, and I'll be your operator today.

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