Key Details
Price
$20.20Last Dividend
$0.28Annual ROE
-0.42%Beta
0.69Events Calendar
Next earnings date:
Feb 26, 2025Recent quarterly earnings:
Nov 06, 2024Recent annual earnings:
Feb 28, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 19, 2024Next split:
N/ARecent split:
June 06, 2022Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
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 to generate around $2.84 per share in discretionary cash flow in 2025 at near $70 WTI oil.
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 - Chief Executive Officer Carrie Osicka - Chief Financial Officer Jarret Marcoux - Executive Vice President, Operations Dax McDavid - Executive Vice President of Corporate Development Conference Call Participants Neal Dingmann - Truist Jarrod Girou - Stephens Betty Zhang - Barclays Noel Parks - Tuohy Brothers Investment Operator Hello everyone, and welcome to the Sitio Royalties Third Quarter 2024 Earnings Conference Call. My name is Bruno and I'll be your operator for today.
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.
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