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 2024

Sitio Royalties maintains steady performance and explores growth opportunities

Sitio Royalties delivered steady performance in Q1 2023, maintaining financial discipline and exploring growth opportunities through potential acquisitions. While facing challenges in tax implications and dividend reduction, the company remains well-positioned for strategic expansion and optimization.

Sitio Royalties achieves record production and plans for growth

Sitio Royalties' Q2 2023 performance reflects strong production growth and solid financial results, driven by strategic acquisitions. While the company faces challenges in managing its debt burden and PDP decline rate, it has opportunities to leverage tax benefits and explore index inclusion for future growth.

Sitio Royalties (STR) reports strong Q3 performance and outlines growth opportunities

STR's Q3 performance reflects strong production and financial growth, supported by strategic acquisitions and higher realized commodity prices. While the impending divestiture and debt impact pose challenges, the company's focus on operational efficiency and potential growth opportunities position it for continued success.

STR reports robust Q4 performance, unveils capital return framework

STR's Q4 2023 earnings call highlighted strong performance, strategic acquisitions, and a new return of capital framework. While demonstrating stability and growth, the company faces challenges in clarifying growth strategies and addressing analyst inquiries. Opportunities lie in optimizing capital structure, strategic positioning, and monitoring industry trends.

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Sitio Royalties (STR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Sitio Royalties (STR) Upgraded to Buy: What Does It Mean for the Stock?

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”) today announced that it will report operating and financial results for the first quarter of 2024 on Wednesday, May 8, 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, May 9, 2024 to discuss its first quarter 2024 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States, or 1-404-975-4839.

Sitio Royalties Schedules First Quarter 2024 Earnings Call

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

Earnings Estimates Moving Higher for SITIO ROYALTIES (STR): Time to Buy?

Sitio Royalties Corp. (STR) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Sitio Royalties (STR) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Sitio Royalties (STR) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

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 (STR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Sitio Royalties (STR) to Report a Decline in Earnings: What to Look Out for

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.

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