Sitio Royalties Corp.
DB:SB9 Stock Report
Sitio Royalties Balance Sheet Health
Financial Health criteria checks 3/6 Sitio Royalties has a total shareholder equity of $3.4B and total debt of $992.9M, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are $4.7B and $1.3B respectively. Sitio Royalties's EBIT is $227.9M making its interest coverage ratio 2.7. It has cash and short-term investments of $8.5M.
Key information
29.3%
Debt to equity ratio
Interest coverage ratio 2.7x Cash US$8.51m Equity US$3.39b Total liabilities US$1.30b Total assets US$4.69b
Recent financial health updates
Sitio Royalties Corp. Files Form 15 Aug 25
Show all updates
Third quarter dividend of US$0.28 announced Nov 12
Third quarter 2024 earnings released: EPS: US$0.16 (vs US$0.001 in 3Q 2023) Nov 08
Sitio Royalties Corp. to Report Q3, 2024 Results on Nov 06, 2024 Oct 01
Second quarter dividend of US$0.30 announced Aug 12
Second quarter 2024 earnings released: EPS: US$0.16 (vs US$0.015 loss in 2Q 2023) Aug 08
Sitio Royalties Corp. Declares Cash Dividend for the Second Quarter of 2024, Payable on August 30, 2024 Aug 08
Sitio Royalties Corp. to Report Q2, 2024 Results on Aug 07, 2024 Jul 02
First quarter dividend of US$0.41 announced May 12
First quarter 2024 earnings released: EPS: US$0.10 (vs US$0.28 in 1Q 2023) May 09
Sitio Royalties Corp. to Report Q1, 2024 Results on May 08, 2024 Apr 04 Sitio Royalties Corp., Annual General Meeting, May 14, 2024 Mar 30
Upcoming dividend of US$0.51 per share Mar 07
Fourth quarter dividend of US$0.51 announced Mar 03
Full year 2023 earnings released: US$0.19 loss per share (vs US$1.10 profit in FY 2022) Mar 01 Sitio Royalties Corp. (NYSE:STR) announces an Equity Buyback for $200 million worth of its shares.
Sitio Royalties Corp. to Report Q4, 2023 Results on Feb 28, 2024 Jan 25
New major risk - Shareholder dilution Dec 11 Sitio Royalties Corp. Declares Dividend for the Third Quarter of 2023, Payable on November 30, 2023
Third quarter 2023 earnings released Nov 09
Sitio Royalties Corp. to Report Q3, 2023 Results on Nov 08, 2023 Oct 05
Sitio Royalties Corp. Files Form 15 Aug 25
Second quarter 2023 earnings released: US$0.01 loss per share (vs US$0.49 profit in 2Q 2022) Aug 09 Sitio Royalties Corp. Reaffirms Production Guidance for the Second Half and Full Year of 2023
First quarter 2023 earnings released May 10 Sitio Royalties Corp. Declares Cash Dividend for the First Quarter of 2023, Payable on May 31, 2023
CEO & Director recently bought €206k worth of stock Mar 16
Full year 2022 earnings released Mar 09
Sitio Royalties Corp. to Report Q4, 2022 Results on Mar 08, 2023 Feb 08
Less than half of directors are independent Jan 04
Sitio Royalties Corp. (NYSE:STR) completed the acquisition of Brigham Minerals, Inc. (NYSE:MNRL) from BlackRock, Inc. (NYSE:BLK), Fidelity Management & Research Company LLC, Wellington Management Company LLP and others. Dec 30
Third quarter 2022 earnings released Nov 10 Sitio Royalties Corp. Provides Production Guidance for the Second Half of 2022
Sitio Royalties Corp. to Report Q3, 2022 Results on Nov 08, 2022 Oct 12
Sitio Royalties Corp. (NYSE:STR) entered into an agreement to acquire Brigham Minerals, Inc. (NYSE:MNRL) for $1.8 billion. Sep 08
Sitio Royalties Corp. (NYSE:STR) entered into an agreement to acquire Brigham Minerals, Inc. (NYSE:MNRL) for $1.8 billion. Sep 07 Sitio Royalties Corp. Declares Cash Dividend for the Second Quarter of 2022, Payable on August 31, 2022
Second quarter 2022 earnings released Aug 09
High number of new directors Jul 31
Sitio Royalties Corp. to Report Q2, 2022 Results on Aug 08, 2022 Jul 14
Sitio Royalties Corp. Provides Production Guidance for the Second Half of 2022 Jun 30
Sitio Royalties Corp.(NYSE:STR) dropped from Russell Microcap Value Index Jun 26
Sitio Royalties Corp.(NasdaqCM:STR) dropped from NASDAQ Composite Index Jun 15
First quarter 2022 earnings released Jun 12 Sitio Royalties Corp. Announces Executive Changes
Financial Position Analysis
Short Term Liabilities: SB9's short term assets ($144.2M) exceed its short term liabilities ($58.0M).
Long Term Liabilities: SB9's short term assets ($144.2M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: SB9's net debt to equity ratio (29%) is considered satisfactory .
Reducing Debt: Insufficient data to determine if SB9's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SB9's debt is well covered by operating cash flow (49.3%).
Interest Coverage: SB9's interest payments on its debt are not well covered by EBIT (2.7x coverage).
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