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Sitio Royalties
(NYSE:STR)
Sitio Royalties (STR) vs. SPDR S&P 500 ETF (SPY)
Sitio Royalties Business Overview & Revenue Model
Sitio Royalties Earnings Call Summary
Sitio Royalties Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 613.65M | 624.41M | 593.36M | 369.61M | 120.59M | 45.70M |
| Gross Profit | 242.94M | 257.73M | 423.27M | 265.10M | 79.68M | 13.65M |
| EBITDA | 507.82M | 518.40M | 323.75M | 354.24M | 90.78M | 7.98M |
| Net Income | 37.16M | 40.95M | -15.54M | 184.18M | 47.49M | -14.21M |
Balance Sheet | ||||||
| Total Assets | 4.61B | 4.74B | 4.76B | 5.17B | 1.20B | 275.73M |
| Cash, Cash Equivalents and Short-Term Investments | 383.00K | 3.29M | 15.20M | 18.82M | 12.38M | 2.72M |
| Total Debt | 1.09B | 1.09B | 872.46M | 945.76M | 134.00M | 39.80M |
| Total Liabilities | 1.37B | 1.39B | 1.16B | 1.28B | 139.71M | 47.33M |
| Stockholders Equity | 1.40B | 1.47B | 1.61B | 1.72B | 560.62M | 139.76M |
Cash Flow | ||||||
| Free Cash Flow | 281.11M | 132.54M | 316.95M | -393.45M | 27.19M | -9.82M |
| Operating Cash Flow | 433.35M | 462.43M | 487.50M | 164.96M | 65.93M | 26.02M |
| Investing Cash Flow | -174.93M | -329.96M | -59.73M | -558.10M | -38.74M | -21.56M |
| Financing Cash Flow | -274.38M | -144.37M | -431.40M | 399.20M | -22.34M | -15.06M |
Sitio Royalties Technical Analysis
Sitio Royalties Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | 2.43B | 153.28 | 0.94% | 0.45% | 5.55% | -79.38% | |
67 Neutral | $2.74B | 40.99 | 2.55% | 7.73% | -1.97% | ― | |
60 Neutral | 11.83B | -116.55 | -10.03% | ― | 39.42% | -172.40% | |
50 Neutral | 767.03M | -7.54 | -12.87% | 1.28% | -8.59% | -256.43% | |
48 Neutral | 674.11M | -7.15 | -10.19% | 2.06% | 8.66% | 66.06% | |
42 Neutral | 2.23B | -15.17 | 0.00% | ― | 0.00% | -9.91% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
Sitio Royalties Corporate Events
On August 19, 2025, Sitio Royalties completed a series of mergers, resulting in the full repayment and termination of its revolving credit facility and the discharge of associated guarantees and liens. The mergers led to the consolidation of Sitio’s shares into New Viper shares, with Sitio stockholders owning approximately 20% and Viper stockholders 80% of the new entity, which now operates as Viper Energy, Inc. The mergers also resulted in the redemption of $600 million in senior notes and significant changes in the company’s board and executive team.
On August 18, 2025, Sitio Royalties Corp. held a special meeting where stockholders approved a merger with Viper Energy, Inc., anticipated to close on August 19, 2025. The merger will result in Sitio stockholders receiving shares and units in the new entity, New Viper, while Sitio’s Class A common stock will be suspended from trading. This merger is expected to enhance Sitio’s market position and operational synergies, though it carries risks related to integration and regulatory approvals.
On June 2, 2025, Sitio Royalties Corp. entered into a merger agreement with Viper Energy, resulting in Sitio becoming a wholly owned subsidiary of a new parent company and ceasing to be publicly traded. Legal proceedings have been initiated by stockholders seeking additional disclosures related to the merger, prompting Sitio to voluntarily supplement its proxy statement to address these concerns.
On June 30, 2025, Sitio Royalties Corp. appointed Ward Bass as Chief Accounting Officer, effective immediately. Mr. Bass, who has extensive experience in accounting and financial reporting, previously served as the Company’s Controller and has worked with various energy companies in accounting roles. This appointment signifies a strategic move for Sitio Royalties Corp. as Mr. Bass takes over from Ms. Carrie Osicka, who remains the Chief Financial Officer. The transition is expected to enhance the company’s financial operations, given Mr. Bass’s expertise and background.
On June 2, 2025, Sitio Royalties Corp. and Viper Energy, Inc. entered into a merger agreement where Viper will acquire Sitio in an all-equity transaction. The merger will result in Sitio becoming a wholly owned subsidiary of a new entity, New Cobra Pubco, Inc., which will operate under the name Viper Energy, Inc. Post-merger, Sitio stockholders will own approximately 20% of the new entity, while Viper stockholders will own about 80%. The merger is subject to customary closing conditions, including stockholder approvals and regulatory clearances. Sitio’s Board of Directors has unanimously approved the merger, deeming it fair and in the best interests of its stockholders.
On June 2, 2025, Sitio Royalties Corp. and Viper Energy, Inc. announced a merger agreement in which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion. The merger, expected to close in the third quarter of 2025, will result in former Viper and Sitio stockholders owning about 80% and 20% of the new parent company, respectively. This strategic move is anticipated to enhance Viper’s production profile, cash flow growth, and financial accretion, while also providing significant synergies and access to investment-grade capital. The merger positions the combined entity as a leader in the mineral and royalty interests sector, particularly in the Permian Basin, with improved scale and competitive advantage.