Sitio Royalties Corp. ( (STR) ) has released its Q4 earnings. Here is a breakdown of the information Sitio Royalties Corp. presented to its investors.
Sitio Royalties Corp. is a company focused on consolidating high-quality oil and gas mineral and royalty interests across premium basins, primarily operating in the energy sector. In its latest earnings report, Sitio Royalties Corp. announced a record fourth quarter production of 40.9 thousand barrels of oil equivalent per day, marking a 14% increase year-over-year. The company also completed three acquisitions in late 2024, totaling approximately $140 million, which contributed to its strong performance.
Key financial highlights include a net income of $19.3 million and an Adjusted EBITDA of $141.2 million for the fourth quarter, reflecting significant improvements from the previous year. Sitio also returned $0.49 per share to shareholders through dividends and stock repurchases, demonstrating its commitment to shareholder returns. The company has been active in acquisitions, closing 16 deals in 2024 worth about $350 million, which have been immediately accretive to cash flow per share.
Looking ahead, Sitio Royalties Corp. forecasts an average daily production of 39.8 MBoe/d for 2025, a 3% increase from 2024. The company remains optimistic about its growth prospects, driven by active operator engagement on its premium land positions and ongoing opportunities for mineral ownership consolidation. Sitio aims to enhance revenue recovery and reduce costs through proprietary technology and efficient asset management.
Overall, Sitio Royalties Corp. is poised for continued growth, supported by its strategic acquisitions and robust operational performance. The company’s management remains focused on delivering sustainable shareholder returns while maintaining a balanced capital structure.
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