Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
30 October 2017Website:
http://www.sitio.comNext earnings report:
06 November 2024Last dividends:
19 August 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:29:10 GMTAnalysts recommendations
Institutional Ownership
STR Latest News
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.
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 guidance still implies a mid-to-high single digits decline in second half production though.
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 Executive Officer Carrie Osicka - Chief Financial Officer Conference Call Participants Neal Dingmann - Truist Securities Noel Parks - Tuohy Brothers Investment John Vinh - KeyBanc Capital Markets Betty Zhang - Barclays Operator Hello everyone, and a warm welcome to the Sitio Royalties Second Quarter 2024 Earnings Call. My name is Emily and I'll be coordinating your call today.
Sitio Royalties (STR) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.25 per share a year ago.
Sitio acquired a DJ Basin asset for $150 million, which was valued at a 4.0x multiple of its cash flow. The reason for the low purchase price multiple seems to be the asset's high base decline rate and limited inventory. Sitio is expected to generate $2.75 per share in free cash flow by 2024.
Sitio Royalties (STR) has been upgraded to a Zacks Rank #2 (Buy), indicating increased confidence in the company's earnings potential, which could lead to a rise in the stock price in the short term.
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 (STR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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 Corp. (STR) Q4 2023 Earnings Call Transcript
- 1(current)
What type of business is Sitio Royalties?
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.
What sector is Sitio Royalties in?
Sitio Royalties is in the Energy sector
What industry is Sitio Royalties in?
Sitio Royalties is in the Oil & Gas Equipment & Services industry
What country is Sitio Royalties from?
Sitio Royalties is headquartered in United States
When did Sitio Royalties go public?
Sitio Royalties initial public offering (IPO) was on 30 October 2017
What is Sitio Royalties website?
https://www.sitio.com
Is Sitio Royalties in the S&P 500?
No, Sitio Royalties is not included in the S&P 500 index
Is Sitio Royalties in the NASDAQ 100?
No, Sitio Royalties is not included in the NASDAQ 100 index
Is Sitio Royalties in the Dow Jones?
No, Sitio Royalties is not included in the Dow Jones index
When was Sitio Royalties the previous earnings report?
No data
When does Sitio Royalties earnings report?
The next expected earnings date for Sitio Royalties is 06 November 2024