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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 ...
Sitio Royalties (STR) - 2023 Q4 - Annual Report
2024-02-29 12:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) (State or other jurisdiction of incorporation or org ...
Sitio Royalties (STR) - 2023 Q4 - Annual Results
2024-02-29 02:58
EXHIBIT 99.1 SITIO ROYALTIES REPORTS FOURTH QUARTER AND FULL YEAR 2023 OPERATIONAL AND FINANCIAL RESULTS, RECENT DEVELOPMENTS, AND PROVIDES FULL YEAR 2024 GUIDANCE ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE 13,062 NRAS IN THE DJ BASIN FOR $150 MILLION(1) ANNOUNCES $200 MILLION SHARE REPURCHASE PROGRAM AND UPDATED RETURN OF CAPITAL FRAMEWORK CLOSED ON PREVIOUSLY ANNOUNCED SALE OF ANADARKO AND APPALACHIA ASSETS FOR $114 MILLION DECLARED $0.51 DIVIDEND PER SHARE OF CLASS A COMMON STOCK FOR FOURTH QUARTER 2023 I ...
Sitio Royalties (STR) - 2023 Q3 - Earnings Call Transcript
2023-11-09 14:29
Sitio Royalties Corp. (NYSE:STR) Q3 2023 Earnings Call Transcript November 9, 2023 8:30 AM ET Company Participants Ross Wong - VP, Finance and IR Chris Conoscenti - CEO Conference Call Participants Derrick Whitfield - Stifel Noel Parks - Tuohy Brothers Investment Operator Hello, and welcome to the Sitio Royalties Third Quarter 2023 Earnings Call. My name is Alex, I'll be coordinating the call today. [Operator Instructions] I’ll now hand over to your host, Ross Wong, Vice President of Finance and Investor Re ...
Sitio Royalties (STR) - 2023 Q3 - Earnings Call Presentation
2023-11-09 13:53
Sitio's financial philosophy and capitalization 9/30/23 Revolving credit facility $601 $381 Total debt $1,006 $981 Liquidity $250 $471 ✓ • Retain up to 35% of Discretionary Cash Flow(1) to protect balance sheet and maintain liquidity ✓ • Maintain conservative and financially flexible capital structure Note: Senior unsecured notes balance is principal only and not net of any fees (1) Discretionary Cash Flow defined as Adjusted EBITDA less cash interest and cash taxes Oil (NYMEX WTI) Bbl per day 3,050 3,300 1 ...
Sitio Royalties (STR) - 2023 Q3 - Quarterly Report
2023-11-08 21:14
Table of Contents 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 September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 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 ...
Sitio Royalties (STR) - 2023 Q2 - Earnings Call Transcript
2023-08-09 15:13
Sitio Royalties Corp. (NYSE:STR) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Ross Wong - VP, Finance and IR Chris Conoscenti - CEO Carrie Osicka - Chief Financial Officer Jarret Marcoux - EVP of Engineering and Acquisitions Conference Call Participants Tim Rezvan - KeyBanc Capital Markets TJ Schultz - RBC Capital Markets Nate Pendleton - Stifel Noel Parks - Tuohy Brothers Operator Good morning and thank you for attending Sitio Royalties Second Quarter 2023 Earnings Call. ...