Sitio Royalties (STR) - 2024 Q1 - Quarterly Results

EXHIBIT 99.1 SITIO ROYALTIES REPORTS FIRST QUARTER 2024 OPERATIONAL AND FINANCIAL RESULTS RECORD PRO FORMA AVERAGE DAILY PRODUCTION VOLUME OF 37,970 BOE/D (51% OIL)(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 ...