Sitio Royalties Corp. ( (STR) ) has released its Q1 earnings. Here is a breakdown of the information Sitio Royalties Corp. presented to its investors.
Sitio Royalties Corp. is a company focused on the consolidation of oil and gas mineral and royalty interests, operating primarily in premium basins with a diversified set of top-tier operators. In its first quarter of 2025, Sitio Royalties reported strong operational and financial results, with production exceeding guidance and a significant return of capital to shareholders. Key financial metrics included a net income of $26.3 million and an Adjusted EBITDA of $142.2 million, driven by robust production volumes and strategic acquisitions. The company also announced an extension of its share repurchase program, authorizing an additional $300 million, reflecting confidence in its asset quality and market valuation. Looking ahead, Sitio Royalties remains committed to generating significant free cash flow to support dividends, share buybacks, and strategic acquisitions, positioning itself as a key player in the fragmented minerals market.