Sitio Royalties Aktie News

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. Sitio is projected to generate $2.75 per share in 2024 free cash flow.

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 result...

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

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 avera...

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 additi...

Sitio Royalties: Increased Payout Ratio Gets Closer After Recent Divestiture