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) is a dedicated mineral and royalty company that concentrates on investing in mineral and royalty interests within the Permian Basin and other prolific U.S. oil regions. As a pure-play entity, Sitio Royalties Corp. offers a streamlined approach to capitalizing on the robust potential of these high-yield areas.
The company has built a significant portfolio of investments, targeting key oil-producing zones renowned for their extensive and productive hydrocarbon reserves. Sitio Royalties Corp. leverages its expertise in mineral and royalty management to optimize returns and ensure the sustainable growth of its assets.
Recent achievements include the strategic acquisition of various mineral interests, which have amplified its footprint in the Permian Basin. These acquisitions not only boost the company’s asset base but also enhance its revenue streams through increased royalty income from oil and gas production.
Currently, Sitio Royalties Corp. is engaged in several high-profile projects aimed at further expanding its holdings and maximizing the value of its existing portfolio. The company’s financial condition reflects robust health, supported by a diversified investment strategy and a focus on high-quality, low-risk assets. Strategic partnerships with industry-leading operators add another layer of strength, facilitating access to superior development opportunities and technological advancements.
For investors, Sitio Royalties Corp. represents a stable and lucrative opportunity to gain exposure to the oil and gas sector via mineral and royalty interests. The company’s commitment to operational excellence and strategic growth ensures it remains a significant player in the industry.
Sitio Royalties Corp. (NYSE: STR) will report its first quarter 2023 operating and financial results on May 9, 2023, post-market hours. A conference call to discuss the results will be hosted on May 10, 2023, at 8:30 a.m. Eastern. Interested participants can join by calling 1-833-470-1428 (U.S.) or 1-404-975-4839 (international), using access code 279583, or via webcast at this link. Sitio focuses on consolidating oil and gas mineral and royalty interests and has gathered over 260,000 NRAs through 185 acquisitions. For more information, visit www.sitio.com.
Sitio Royalties Corp. (NYSE: STR) reported a 4Q 2022 average daily production volume of 18,925 Boe/d, marking a 5% sequential increase. Pro forma production, including Brigham Minerals, reached 34,424 Boe/d. The company declared a $0.60 per share dividend, yielding 9.9% annualized based on a share price of $24.23 on March 7, 2023. Net income fell 93% sequentially to $4.6 million, primarily due to higher transaction expenses from the Brigham merger. Adjusted EBITDA decreased 12% to $93.1 million. The company increased its 2023 production guidance midpoint by 6% to 35,500 Boe/d.
Sitio Royalties Corp. (NYSE: STR) announced it will release its fourth quarter 2022 operating and financial results on March 8, 2023, after market close. A conference call to discuss these results will occur on March 9, 2023, at 8:30 a.m. Eastern Time. Participants can join the call by dialing in or via a webcast linked on the company's website. Sitio, focused on consolidating oil and gas mineral and royalty interests, has completed over 185 acquisitions to amass more than 260,000 NRAs. The firm aims to generate cash flow for shareholder returns and reinvestment.
Sitio Royalties Corp. (NYSE: STR) has completed its merger with Brigham Minerals, Inc., forming a leading company in the mineral and royalty sector. This strategic union consolidates high-quality assets primarily in the Permian Basin, creating a robust portfolio of oil and gas interests. Sitio aims to enhance shareholder returns through large-scale consolidation and operational cash flow generation. The merger is expected to bolster the company's market position and operational capabilities.
Sitio Royalties Corp. (NYSE: STR) announced a record average daily production of 17,990 Boe/d and a pro forma production of 18,571 Boe/d for Q3 2022. Despite a 14% drop in realized commodity prices, the company declared a $0.72 dividend per share, reflecting a sequential increase. Net income was $69 million, down 4% sequentially, while cash flow from operations surged 89% to $82.6 million. Additionally, Sitio closed on a significant acquisition of over 12,200 net royalty acres and announced a merger with Brigham Minerals, aiming to enhance its operational scale and shareholder value.
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