Aankondiging • Aug 05
Sitio Royalties Corp. Declares Cash Dividend of Class A Common Stock with Respect to the Second Quarter of 2025, Payable on August 19, 2025 Sitio Royalties Corp.'s Board of Directors declared a cash dividend of $0.36 per share of Class A Common Stock with respect to the second quarter of 2025. The dividend is payable on August 19, 2025 to the stockholders of record at the close of business on August 14, 2025. Aankondiging • Jul 11
Sitio Royalties Corp. to Report Q2, 2025 Results on Aug 06, 2025 Sitio Royalties Corp. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Aankondiging • Jul 02
Sitio Royalties Corp. Announces Executive Changes Sitio Royalties Corp. announced that on June 30, 2025, Ward Bass was appointed Chief Accounting Officer of Sitio Royalties Corp., effective immediately. In addition, Mr. Bass will assume the role of principal accounting officer from Ms. Carrie Osicka, who will remain the Company’s Chief Financial Officer and principal financial officer. Mr. Bass previously served as the Company’s Controller. Mr. Bass, age 38, has more than 14 years of accounting and financial reporting expertise. He has served as the Company’s Controller since January 2023. Prior to that, he was employed by Kimmeridge Energy Management, LLC as the Assistant Controller of its mineral and royalty interests business from June 2019 to January 2023. He was employed by Resolute Energy Corporation from October 2018 to March 2019 as Operations Accounting Manager. He also worked at Antero Resources Corporation from May 2014 to October 2018 in technical accounting and Securities and Exchange Commission reporting roles. Mr. Bass holds BSBA and MS degrees in accounting from Oklahoma State University. Mr. Bass is a Certified Public Accountant. Aankondiging • Jun 03
Viper Energy, Inc. (NasdaqGS:VNOM) entered into a definitive agreement to acquire Sitio Royalties Corp. (NYSE:STR) from EIG Global Energy Partners and others for $2.9 billion. Viper Energy, Inc. (NasdaqGS:VNOM) entered into a definitive agreement to acquire Sitio Royalties Corp. (NYSE:STR) from EIG Global Energy Partners and others for $2.9 billion on June 2, 2025. Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion, including Sitio’s net debt of approximately $1.1 billion. The consideration consist of 0.4855 shares of Class A common stock of a new holding company (“pro forma Viper”) for each share of Sitio Class A common stock, and 0.4855 units of Viper’s operating subsidiary, Viper Energy Partners LLC, for each unit of Sitio’s operating subsidiary (along with a corresponding amount of Class B common stock of pro forma Viper for each share of Sitio Class C common stock), representing an implied value to each Sitio stockholder of $19.41 per share based on the closing price of Viper common stock on June 2, 2025.Upon consummation of the Mergers, former Viper and Sitio stockholders will own approximately 80% and 20%, respectively, of New Parent on a fully diluted basis.
The transaction was unanimously approved by the Board of Directors of each company and has been approved by the written consent of Diamondback as Viper’s majority stockholder. Stockholders holding an aggregate of approximately 48% of Sitio’s outstanding voting power, including Kimmeridge, its largest stockholder, have agreed to vote in favor of the transaction. The transaction is subject to customary regulatory approvals, HSR act clearance and is expected to close in the third quarter of 2025.
Moelis & Company LLC acted as financial advisor and Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor for Viper Energy, Inc. Jakob Rendtorff of Simpson Thacher & Bartlett LLP acted as legal advisor to J.P. Morgan Securities LLC in its role as financial advisor and fairness opinion provider and Vinson & Elkins LLP acted as legal advisor for Sitio Royalties Corp. Aankondiging • Mar 31
Sitio Royalties Corp., Annual General Meeting, May 13, 2025 Sitio Royalties Corp., Annual General Meeting, May 13, 2025. Aankondiging • Mar 26
Sitio Royalties Corp. to Report Q1, 2025 Results on May 07, 2025 Sitio Royalties Corp. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Aankondiging • Feb 27
Sitio Royalties Corp. Provides Production Guidance for the Full Year 2025 Sitio Royalties Corp. provided production guidance for the full year 2025. For the year, the company expects average daily production of 38,250 Boe/d - 41,250 Boe/d. Average daily production of 17,750 Bbls/d - 19,250 Bbls/d. Aankondiging • Jan 15
Sitio Royalties Corp. to Report Q4, 2024 Results on Feb 26, 2025 Sitio Royalties Corp. announced that they will report Q4, 2024 results After-Market on Feb 26, 2025 Declared Dividend • Nov 12
Third quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 19th November 2024 Payment date: 27th November 2024 Dividend yield will be 6.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not adequately covered by cash flows (97% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.16 (vs US$0.001 in 3Q 2023) Third quarter 2024 results: EPS: US$0.16 (up from US$0.001 in 3Q 2023). Revenue: US$149.4m (down 4.7% from 3Q 2023). Net income: US$12.6m (up US$12.5m from 3Q 2023). Profit margin: 8.4% (up from 0.1% in 3Q 2023). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Europe. Aankondiging • Oct 01
Sitio Royalties Corp. to Report Q3, 2024 Results on Nov 06, 2024 Sitio Royalties Corp. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Declared Dividend • Aug 12
Second quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 19th August 2024 Payment date: 30th August 2024 Dividend yield will be 8.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (205% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.16 (vs US$0.015 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.16 (up from US$0.015 loss in 2Q 2023). Revenue: US$168.5m (up 24% from 2Q 2023). Net income: US$12.9m (up US$14.0m from 2Q 2023). Profit margin: 7.6% (up from net loss in 2Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 39% growth forecast for the Oil and Gas industry in Germany. Aankondiging • Aug 08
Sitio Royalties Corp. Declares Cash Dividend for the Second Quarter of 2024, Payable on August 30, 2024 The Board of Directors of Sitio Royalties Corp. declared a cash dividend of $0.30 per share of Class A Common Stock with respect to the second quarter of 2024. The dividend is payable on August 30, 2024 to the stockholders of record at the close of business on August 19, 2024. Aankondiging • Jul 02
Sitio Royalties Corp. to Report Q2, 2024 Results on Aug 07, 2024 Sitio Royalties Corp. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 07, 2024 Declared Dividend • May 12
First quarter dividend of US$0.41 announced Shareholders will receive a dividend of US$0.41. Ex-date: 20th May 2024 Payment date: 31st May 2024 Dividend yield will be 7.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (100% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$0.10 (vs US$0.28 in 1Q 2023) First quarter 2024 results: EPS: US$0.10 (down from US$0.28 in 1Q 2023). Revenue: US$151.4m (flat on 1Q 2023). Net income: US$8.47m (down 63% from 1Q 2023). Profit margin: 5.6% (down from 15% in 1Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Aankondiging • Apr 04
Sitio Royalties Corp. to Report Q1, 2024 Results on May 08, 2024 Sitio Royalties Corp. announced that they will report Q1, 2024 results After-Market on May 08, 2024 Aankondiging • Mar 30
Sitio Royalties Corp., Annual General Meeting, May 14, 2024 Sitio Royalties Corp., Annual General Meeting, May 14, 2024, at 11:00 Central Standard Time. Agenda: To elect the director nominees named in the accompanying proxy statement (the “Proxy Statement”) to our Board; to conduct a non-binding advisory vote to approve the Company’s compensation of its named executive officers (the “Say-on-Pay Vote”); to amend the Company’s Restated Certificate of Incorporation (the “Restated Certificate of Incorporation”) to Eliminate the Supermajority Voting Provision; and to discuss other matters. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.51 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 28 March 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 8.1%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.4%). Declared Dividend • Mar 03
Fourth quarter dividend of US$0.51 announced Shareholders will receive a dividend of US$0.51. Ex-date: 14th March 2024 Payment date: 28th March 2024 Dividend yield will be 8.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not adequately covered by cash flows (95% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. Reported Earnings • Mar 01
Full year 2023 earnings released: US$0.19 loss per share (vs US$1.10 profit in FY 2022) Full year 2023 results: US$0.19 loss per share (down from US$1.10 profit in FY 2022). Revenue: US$593.4m (up 61% from FY 2022). Net loss: US$15.5m (down 203% from profit in FY 2022). Oil reserves Proven reserves: 38.832 MMbbls Gas reserves Proven reserves: 150.27 Bcf LNG reserves Proven reserves: 21.416 MMbbls Combined production Oil equivalent production: 12.942 MMboe (5.55 MMboe in FY 2022) Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Aankondiging • Jan 25
Sitio Royalties Corp. to Report Q4, 2023 Results on Feb 28, 2024 Sitio Royalties Corp. announced that they will report Q4, 2023 results After-Market on Feb 28, 2024 New Risk • Dec 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 87% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 180% Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (3.9% net profit margin). Reported Earnings • Nov 09
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$156.7m (up 36% from 3Q 2022). Net income: US$287.0k (down 97% from 3Q 2022). Profit margin: 0.2% (down from 7.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Oil and Gas industry in Germany. Aankondiging • Oct 05
Sitio Royalties Corp. to Report Q3, 2023 Results on Nov 08, 2023 Sitio Royalties Corp. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Aankondiging • Aug 25
Sitio Royalties Corp. Files Form 15 Sitio Royalties Corp. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A Common Stock under the Securities Exchange Act of 1934, as amended. The par value of the company's Class A Common Stock was $0.0001 per share. Reported Earnings • Aug 09
Second quarter 2023 earnings released: US$0.01 loss per share (vs US$0.49 profit in 2Q 2022) Second quarter 2023 results: US$0.01 loss per share (down from US$0.49 profit in 2Q 2022). Revenue: US$136.5m (up 55% from 2Q 2022). Net loss: US$796.0k (down 113% from profit in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Oil and Gas industry in Germany. Reported Earnings • May 10
First quarter 2023 earnings released First quarter 2023 results: EPS: US$0.28. Revenue: US$150.8m (up 127% from 1Q 2022). Net income: US$22.7m (up US$22.7m from 1Q 2022). Profit margin: 15% (up from 0% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Oil and Gas industry in Germany. Recent Insider Transactions • Mar 16
CEO & Director recently bought €206k worth of stock On the 14th of March, Christopher Conoscenti bought around 10k shares on-market at roughly €20.64 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months. Reported Earnings • Mar 09
Full year 2022 earnings released Full year 2022 results: EPS: US$1.14. Revenue: US$369.6m (up 207% from FY 2021). Net income: US$15.7m (down 45% from FY 2021). Profit margin: 4.2% (down from 24% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Oil and Gas industry in Germany. Aankondiging • Feb 08
Sitio Royalties Corp. to Report Q4, 2022 Results on Mar 08, 2023 Sitio Royalties Corp. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Mar 08, 2023 Board Change • Jan 04
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Morris Clark was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released Third quarter 2022 results: EPS: US$0.72. Revenue: US$115.5m (up 243% from 3Q 2021). Net income: US$9.14m (up 21% from 3Q 2021). Profit margin: 7.9% (down from 22% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 4.6% decline forecast for the Oil and Gas industry in Germany. Aankondiging • Oct 12
Sitio Royalties Corp. to Report Q3, 2022 Results on Nov 08, 2022 Sitio Royalties Corp. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 08, 2022 Reported Earnings • Aug 09
Second quarter 2022 earnings released Second quarter 2022 results: EPS: US$1.01. Revenue: US$87.8m (up 346% from 2Q 2021). Net income: US$72.0m (up US$67.0m from 2Q 2021). Profit margin: 82% (up from 26% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 78%, compared to a 32% growth forecast for the industry in Germany. Board Change • Jul 31
High number of new directors Independent Director Morris Clark was the last director to join the board, commencing their role in 2022. Aankondiging • Jul 14
Sitio Royalties Corp. to Report Q2, 2022 Results on Aug 08, 2022 Sitio Royalties Corp. announced that they will report Q2, 2022 results After-Market on Aug 08, 2022 Aankondiging • Jun 30
Sitio Royalties Corp. Provides Production Guidance for the Second Half of 2022 Sitio Royalties Corp. provided production guidance for the second half of 2022. For the period, the company expects production to average between 18,000 and 19,000 barrels of oil equivalent per day in the second half of the year. Aankondiging • Jun 26
Sitio Royalties Corp.(NYSE:STR) dropped from Russell Microcap Value Index Sitio Royalties Corp.(NYSE:STR) dropped from Russell Microcap Value Index Aankondiging • Jun 15
Sitio Royalties Corp.(NasdaqCM:STR) dropped from NASDAQ Composite Index Sitio Royalties Corp has been dropped off from NASDAQ Composite Index Reported Earnings • Jun 12
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$66.4m (up 289% from 1Q 2021). Net income: US$19.3m (up 331% from 1Q 2021). Profit margin: 29% (up from 26% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 94%, compared to a 59% growth forecast for the industry in Germany.