Sitio Royalties Corp (STR) Tops Q3 EPS by 1c, Misses on Revenue

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Go back to Sitio Royalties Corp (STR) Tops Q3 EPS by 1c, Misses on Revenue

Sitio Royalties Reports Third Quarter 2024 Operational and Financial Results

November 6, 2024 4:05 PM EST

Company reports production above guidance range with strong operator activity in Permian and DJ Basins

2024 outlook enhanced through legacy asset outperformance and impact of five acquisitions closed in third quarter

Line of sight wells increased 11% Q-o-Q with higher operator activity and permitting in the Midland and DJ Basins

Long-term debt reduced by approximately $56.5 million during the quarter

Third quarter total return of capital of $0.47 per share, includes $29.0 million in common stock repurchases and planned payment of $0.28 per share dividend

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