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Sitio Royalties (STR) - 2024 Q2 - Earnings Call Transcript
2024-08-08 18:30
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 Earning ...
Sitio Royalties (STR) Lags Q2 Earnings Estimates
ZACKS· 2024-08-07 23:25
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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -21.05%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.10, delivering a surprise of -52.38%. Over the last four quarters, the compa ...
Sitio Royalties (STR) - 2024 Q2 - Quarterly Report
2024-08-07 20:10
Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, par value $0.0001 per share STR New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transiti ...
Sitio Royalties (STR) - 2024 Q2 - Quarterly Results
2024-08-07 20:10
EXHIBIT 99.1 SITIO ROYALTIES REPORTS SECOND QUARTER 2024 OPERATIONAL AND FINANCIAL RESULTS RECORD HIGH AVERAGE DAILY PRODUCTION VOLUME OF 39,231 BOE/D (50% OIL) RETURN OF CAPITAL OF $0.71 PER SHARE FOR SECOND QUARTER 2024, COMPRISED OF $0.30 CASH DIVIDEND PER SHARE OF CLASS A COMMON STOCK AND $0.41 PER SHARE OF STOCK REPURCHASES RAISES FULL YEAR 2024 PRO FORMA PRODUCTION GUIDANCE TO 36,000 – 38,000 BOE/D(1) AND LOWERS MIDPOINT OF FULL YEAR 2024 CASH TAX GUIDANCE BY $21.5 MILLION INCLUDING PREVIOUSLY ANNOUNC ...
Analysts Estimate Sitio Royalties (STR) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-07-31 15:06
The market expects Sitio Royalties (STR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these key numbers are ...
Sitio Royalties (STR) - 2024 Q1 - Earnings Call Presentation
2024-05-09 15:34
1Q24 Earnings Presentation This presentation relates to Sitio Royalties Corp. (the "Company" or "Sitio") and contains statements that may constitute "forward-looking statements" for purposes of federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "inten ...
Sitio Royalties (STR) - 2024 Q1 - Earnings Call Transcript
2024-05-09 15:33
Sitio Royalties Corp. (NYSE:STR) Q1 2024 Earnings Conference Call May 9, 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 Nathaniel Pendleton - Stifel Tim Rezvan - KeyBanc Capital Markets Operator Good morning, and welcome to the Sitio Royalties Q1 2024 Earnings Call. My name is Carla, and I'll be the operator for t ...
Sitio Royalties (STR) - 2024 Q1 - Quarterly Report
2024-05-08 20:38
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41585 Sitio Royalties Corp. (Exact Name of Registrant as Specified in its Charter) Delaware 88-4140242 (State o ...
Sitio Royalties (STR) - 2024 Q1 - Quarterly Results
2024-05-08 20:21
EXHIBIT 99.1 FIRST QUARTER 2024 RETURN OF CAPITAL OF $0.49 PER SHARE, COMPRISED OF $0.41 DIVIDEND PER SHARE OF CLASS A COMMON STOCK AND $0.08 PER SHARE OF STOCK REPURCHASES 52.9 PRO FORMA NET LINE-OF-SIGHT WELLS AS OF MARCH 31, 2024, OF WHICH 77% AND 14% ARE IN THE PERMIAN AND DJ BASINS, RESPECTIVELY (2) CLOSED PREVIOUSLY ANNOUNCED ACQUISITION OF DJ BASIN ASSETS IN APRIL 2024(3) DENVER, Colorado—May 8, 2024— Sitio Royalties Corp. (NYSE: STR) ("Sitio", "STR" or the "Company") today announced operational and ...
Sitio Royalties (STR) - 2023 Q4 - Earnings Call Transcript
2024-02-29 17:19
Sitio Royalties Corp. (NYSE:STR) Q4 2023 Results Conference Call February 29, 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 Dax McDavid - EVP of Corporate Development Conference Call Participants Tim Rezvan - KeyBanc Capital Markets Neal Dingmann - Truist Derrick Whitfield - Stifel Noel Parks - Tuohy Brothers Investment Operator Hello, everyone. And welcome to the Sitio Roya ...