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Sitio Royalties Corp. (STR)
:STR
Holding STR?
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.12Last Year’s EPS
-0.47Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2022
|% Change Since: -6.88%
|Next Earnings Date:Aug 08, 2022
Earnings Call Sentiment|Positive
The earnings call highlights a strong operational performance and strategic acquisitions leading to improved financial guidance and significant capital returns to shareholders. Despite some challenges with tax guidance volatility and infrastructure issues, the overall outlook for Sitio remains positive.Company Guidance
During the Sitio Royalties Q3 2024 earnings call, the company provided detailed guidance highlighting several key metrics. Sitio reported exceptional performance with production reaching nearly 38,600 barrels of oil equivalent (BOE) per day, marking the third consecutive quarter exceeding full-year guidance estimates. The company achieved five new acquisitions totaling approximately $22 million, adding over 2,300 net royalty acres (NRAs) in the DJ Basin. Strong operational performance led to an upward revision of the 2024 production guidance midpoint by 1,000 BOEs per day. Furthermore, Sitio reduced total debt by nearly $60 million, with interest expenses on a BOE basis decreasing by 18% compared to the previous year. The company also highlighted successful recovery of approximately $25 million in missing payments, which almost covered their cash general and administrative expenses for a full year. Sitio's return of capital has exceeded $765 million since going public in June 2022, with a commitment to return at least 65% of discretionary cash flow to shareholders.Record Capital Return to Shareholders
Sitio has returned more than $765 million in capital since going public in June 2022, emphasizing their commitment to shareholder returns through dividends and buybacks.
Successful Acquisition Strategy
Sitio closed 5 new acquisitions totaling approximately $22 million, adding over 2,300 NRAs in the DJ Basin and showing strong performance on legacy assets.
Operational Efficiency and Production Growth
Production exceeded expectations with nearly 38,600 BOEs per day, marking the third consecutive quarter surpassing full-year guidance estimates.
Debt Reduction and Strong Balance Sheet
Total debt was reduced by nearly $60 million, and interest expense per BOE decreased by 18% compared to the previous year.
Improved Production Guidance
The company raised the midpoint of their production guidance by 1,000 BOEs per day due to solid performance and acquisitions.
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STR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $23.55 | $24.64 | +4.63% |
| Aug 07, 2024 | $22.02 | $21.68 | -1.54% |
| May 08, 2024 | $22.14 | $22.68 | +2.44% |
| Feb 29, 2024 | $20.60 | $21.40 | +3.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sitio Royalties Corp. (STR) report earnings?
Sitio Royalties Corp. (STR) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Sitio Royalties Corp. (STR) earnings time?
Sitio Royalties Corp. (STR) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STR EPS forecast?
STR EPS forecast for the fiscal quarter 2024 (Q4) is 0.12.
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