Sitio Royalties Corp. ( (STR) ) has released its Q2 earnings. Here is a breakdown of the information Sitio Royalties Corp. presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Sitio Royalties Corp. is a company focused on consolidating high-quality oil and gas mineral and royalty interests across premium basins, aiming to generate cash flow for shareholder returns and reinvestment. In the second quarter of 2025, Sitio Royalties reported a net income of $14.5 million and an Adjusted EBITDA of $125.4 million, with a production rate of 19.3 thousand barrels of oil per day. The company also completed acquisitions worth $6.0 million and repurchased $8.9 million of its Class A common stock. Additionally, Sitio declared a total return of capital of $0.42 per share for the quarter, which includes a cash dividend and stock repurchases. A significant development for Sitio is its proposed merger with Viper Energy, Inc., expected to close in the third quarter of 2025, leading the company to discontinue providing guidance and long-term outlooks. Looking ahead, Sitio’s management remains focused on maximizing shareholder returns and successfully completing the merger with Viper Energy.