Welcome to our dedicated page for Sitio Royalties news (Ticker: STR), a resource for investors and traders seeking the latest updates and insights on Sitio Royalties stock.
Sitio Royalties Corp (STR) provides strategic mineral rights investments across premier U.S. oil basins. This page serves as the definitive source for official company news and analysis, offering stakeholders timely updates on royalty-related developments.
Access curated press releases covering earnings reports, asset acquisitions, and operational milestones. Track STR's progress in securing non-operated interests through verified announcements and third-party analyses.
Key updates include mineral portfolio expansions, partnership formations, and financial performance metrics. Investors gain insights into the company's strategic positioning within evolving energy markets through primary source documentation.
Bookmark this resource for streamlined access to STR's latest developments. Return regularly to monitor the company's progress in building value through targeted royalty investments.
Sitio Royalties (NYSE: STR) has released its first quarter 2025 preview, introducing a new two-stage quarterly reporting approach. The company reported strong production numbers with 18.9 MBbls/d oil and 42.1 MBoe/d total, exceeding full-year guidance midpoints by 2% and 6% respectively.
Key highlights include:
- 11.1 net wells turned-in-line (up 34% quarter-over-quarter)
- 48.6 net line of sight wells (up 8% quarter-over-quarter)
- $20.6 million in acquisitions adding 1,350 net royalty acres in DJ and Midland Basins
- $22.3 million in share repurchases (1.1 million shares)
The company maintains a strong position with over 270,000 net royalty acres and has completed more than 200 acquisitions as of March 31, 2025. Full Q1 2025 results will be reported on May 7, 2025.
Sitio Royalties Corp. (NYSE: STR) has announced its schedule for the first quarter 2025 earnings release and conference call. The company will release its Q1 2025 operating and financial results on Wednesday, May 7, 2025, after NYSE trading hours. A conference call to discuss the results is scheduled for Thursday, May 8, 2025, at 8:30 a.m. Eastern.
Sitio, a shareholder returns-driven company, focuses on consolidating high-quality oil & gas mineral and royalty interests across premium basins. The company has built a substantial portfolio of over 270,000 NRAs through more than 200 acquisitions. Their business model centers on generating cash flow from operations for shareholder returns and reinvestment.
Sitio Royalties (NYSE: STR) reported strong Q4 2024 results with record production of 40.9 MBoe/d, up 14% year-over-year. The company closed three acquisitions in late 2024 for $140 million, primarily in the Delaware Basin.
Q4 financial highlights include net income of $19.3 million and Adjusted EBITDA of $141.2 million, up $111.0 million and 5% respectively from Q4 2023. The company declared a Q4 cash dividend of $0.41 per share and repurchased shares equivalent to $0.08 per share.
Key achievements include:
- Full year pro forma production exceeded guidance
- Completed 16 acquisitions totaling $350 million in 2024
- Cumulative return of capital to shareholders exceeded $840 million since June 2022
- 3% reduction in total shares outstanding year-over-year
- 2025 outlook forecasts average daily production of 39.8 MBoe/d
Sitio Royalties (NYSE: STR) has announced its upcoming fourth quarter and full year 2024 earnings release, scheduled for Wednesday, February 26, 2025, after NYSE trading hours. The company will host a conference call on Thursday, February 27, 2025, at 8:30 a.m. Eastern to discuss the results.
Participants can join the call via phone (1-833-470-1428 in the US, 1-404-975-4839 for other locations, access code: 552754) or through webcast. Pre-registration is available for the event.
Sitio Royalties is focused on consolidating oil & gas mineral and royalty interests across premium basins. The company has accumulated over 265,000 NRAs through more than 200 acquisitions, emphasizing shareholder returns and cash flow generation.
Sitio Royalties reported strong Q3 2024 operational and financial results, exceeding production guidance with 38,585 Boe/d. The company achieved a net income of $27.9 million and Adjusted EBITDA of $135.4 million. Long-term debt was reduced by approximately $56.5 million, and $0.47 per share was returned to shareholders, comprising dividends and stock repurchases. Recent acquisitions bolstered the 2024 outlook, with line of sight wells increasing by 11% QoQ. Sitio’s diverse asset base and robust operator activity in the Permian and DJ Basins contributed to the positive performance. The company’s liquidity stood at $455.5 million, with a credit facility balance of $403.0 million. Average realized commodity prices were $41.65 per Boe unhedged and $42.85 per Boe hedged. The company repurchased 1.4 million shares at an average price of $21.47 per share. Sitio’s updated 2024 guidance raised the midpoint of average daily production by 1,000 Boe/d, reflecting strong legacy production and acquisitions.
Sitio Royalties Corp. (NYSE: STR) has announced its schedule for reporting third quarter 2024 operating and financial results. The company will release its results on Wednesday, November 6, 2024, after the New York Stock Exchange closes. A conference call to discuss the results is scheduled for Thursday, November 7, 2024, at 8:30 a.m. Eastern.
Participants can join the call by dialing 1-833-470-1428 (US) or 1-404-975-4839 (other locations) with access code 296060. A webcast option is also available. The call, webcast, and replay will be accessible through Sitio's Investor Relations website.
Sitio Royalties focuses on consolidating high-quality oil & gas mineral and royalty interests across premium basins. The company has accumulated over 265,000 NRAs through more than 200 acquisitions, aiming to generate cash flow for shareholder returns and reinvestment.
Sitio Royalties (NYSE: STR) announced its Q2 2024 results with a record high average daily production of 39,231 Boe/d (50% oil), an 11% increase from Q1 2024.
The company declared a return of capital of $0.71 per share, comprising a $0.30 cash dividend and $0.41 in stock repurchases. Net income rose to $29 million, a 55% increase from Q1 2024, driven by higher revenues and lower derivative losses. Adjusted EBITDA increased by 12% to $151.6 million.
Sitio also updated its 2024 full-year production guidance to 36,000-38,000 Boe/d, up from 35,000-38,000 Boe/d. The midpoint of cash tax guidance was reduced by $21.5 million. Six acquisitions worth $38.5 million were closed in Q2 2024, adding 2,110 NRAs, primarily in the Permian and DJ Basins.
The company repurchased 2.6 million shares at an average price of $24.50 per share. As of June 30, 2024, Sitio had $1.06 billion in total debt and $406.3 million in liquidity.
Sitio Royalties (NYSE: STR) will report its Q2 2024 operating and financial results on August 7, 2024, after NYSE trading ends. A conference call will follow on August 8, 2024, at 8:30 a.m. Eastern to discuss these results. Investors can join the call via specific phone numbers or a webcast. Pre-registration is available for the event. Sitio Royalties focuses on consolidating high-quality oil and gas mineral and royalty interests, having acquired over 265,000 NRAs through more than 190 acquisitions. Detailed information is accessible on their investor relations website.
Sitio Royalties Corp. (NYSE: STR) reported operational and financial results for the first quarter of 2024, including a record pro forma average daily production volume of 37,970 BOE/D, a return of capital of $0.49 per share, and the acquisition of DJ Basin assets. The company also achieved a net income of $18.7 million, a 3.7% increase in production volume, and closed a unique opportunity to repurchase shares. Sitio continues to evaluate strong mineral acquisition opportunities.
