Sitio Royalties Corp. (STR)
Market Cap | 2.87B |
Revenue (ttm) | 618.67M |
Net Income (ttm) | -4.80M |
Shares Out | 152.92M |
EPS (ttm) | -0.06 |
PE Ratio | n/a |
Forward PE | 38.95 |
Dividend | $1.50 (8.00%) |
Ex-Dividend Date | Nov 19, 2024 |
Volume | 1,099,561 |
Open | 18.58 |
Previous Close | 18.87 |
Day's Range | 18.58 - 19.08 |
52-Week Range | 18.58 - 25.95 |
Beta | 1.31 |
Analysts | Buy |
Price Target | 29.40 (+56.8%) |
Earnings Date | Nov 6, 2024 |
About STR
Sitio Royalties Corp. acquires, owns, and manages mineral and royalty interests across premium basins in the United States. The company’s portfolio comprising of mineral and royalty interests in the Permian basin located in West Texas and southeastern New Mexico; the Eagle Ford basin located in South Texas; the DJ basin located in Colorado and Wyoming; and the Williston basin located in North Dakota. The company was founded in 2016 and is headquartered in Denver, Colorado. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for STR stock is "Buy." The 12-month stock price forecast is $29.4, which is an increase of 56.80% from the latest price.
News
Sitio Royalties: Improved Future Production Outlook
Sitio Royalties Corp.'s Q3 2024 production exceeded expectation, and it increased its full-year guidance by 1,000 BOEPD. This was mainly attributable to legacy asset outperformance. Sitio is projected...
Sitio Royalties Corp. (STR) Q3 2024 Earnings Call Transcript
Sitio Royalties Corp. (NYSE:STR) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Ross Wong - Vice President of Finance and Investor Relations Chris Conoscenti - Chie...
Sitio Royalties Reports Third Quarter 2024 Operational and Financial Results
DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”, “STR” or the “Company”) today announced third quarter 2024 operational and financial results. Robust production, coupled with stron...
Sitio Royalties: Second Half Production May Decline From Strong First Half Levels
Sitio Royalties saw approximately 7% production growth from Q4 2023 to Q2 2024, proforma for various acquisitions and divestitures. It increased its full-year guidance modestly. Sitio's full-year guid...
Sitio Royalties Schedules Third Quarter 2024 Earnings Call
DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”) today announced that it will report operating and financial results for the third quarter of 2024 on Wednesday, November 6, 2024, a...
Sitio Royalties Corp. (STR) Q2 2024 Earnings Call Transcript
Sitio Royalties Corp. (NYSE:STR) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Ross Wong - Vice President of Finance and Investor Relations Chris Conoscenti - Chief ...
Sitio Royalties Reports Second Quarter 2024 Operational and Financial Results
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, 2024. Unless the context c...
Sitio Royalties Schedules Second Quarter 2024 Earnings Call
DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”) today announced that it will report operating and financial results for the second quarter of 2024 on Wednesday, August 7, 2024, af...
Sitio Royalties Reports First Quarter 2024 Operational and Financial Results
DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”, “STR” or the “Company”) today announced operational and financial results for the quarter ended March 31, 2024. Unless the context ...
Sitio Royalties: DJ Basin Acquisition Boosts FCF, But May Delay An Increased Payout Ratio
Sitio made a $150 million cash DJ Basin acquisition at a 4.0x multiple to asset level cash flow. The low purchase price multiple appears to be due to a high base decline rate and limited inventory. Si...
Sitio Royalties Schedules First Quarter 2024 Earnings Call
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 ...
Sitio Royalties Corp. (STR) Q4 2023 Earnings Call Transcript
Sitio Royalties Corp. (STR) Q4 2023 Earnings Call Transcript
Sitio Royalties Reports Fourth Quarter and Full Year 2023 Operational and Financial Results, Recent Developments, and Provides Full Year 2024 Guidance
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 ...
Upgrading Sitio Royalties To A Buy Following A 20% Decline In Share Price
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 wil...
Sitio Royalties: Increased Payout Ratio Gets Closer After Recent Divestiture
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 sav...
Sitio Royalties Schedules Fourth Quarter 2023 Earnings Call
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,...
Sitio Royalties Corp. (STR) Q3 2023 Earnings Call Transcript
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 D...
Sitio Royalties Reports Third Quarter 2023 Operational and Financial Results
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 cont...
Sitio Royalties: New Notes Reduce Interest Costs By Around $15 Million Per Year
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 Royalties Schedules Third Quarter 2023 Earnings Call
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, 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 the pricing of $600 million in aggregate principal amount of senior unsecured notes due 2028 (the ...
Sitio Royalties Announces $500 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 Fin...
Sitio Royalties Corp. (STR) Q2 2023 Earnings Call Transcript
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 ...
Sitio Royalties Reports Second Quarter 2023 Operational and Financial Results
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 c...
Energy Income Weekly: The Week's Price Action Bodes Well For The Second Half
Energy shares traded aimlessly on low volume until indicators pointed to a tightening oil market late in the week. Friday saw dramatic outperformance in response to improving oil market fundamentals d...