Sitio Royalties Reports Record Q1 2024 Production of 37,970 boe/d and $0.41 Dividend

Sitio Royalties Corp.

2024-Q1 EPS reported $0.10 revenue$151,391,000

Pro forma average daily production hit record 37,970 boe/d (51% oil), up 3.7% from Q4 2023.
Q1 2024 return of capital $0.49 per share: $0.41 dividend plus $0.08 per share stock repurchases.
Net income of $18.7 million, compared to net loss of $91.7 million in Q4 2023.
Closed DJ Basin acquisition on April 4, 2024 for $126.6 million, adding 2,621 boe/d.
Repurchased 545,527 shares at avg $23.77 in Q1, and 2.0 million shares in April block trade.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sitio Royalties Corp. reported the quarter ended March 31, 2024 results: net income Net income of $18.7 million, EPS $0.49 per share.

Period: the quarter ended March 31, 2024
Net income: Net income of $18.7 million
EPS: $0.49 per share
Result: reported results

Exact text from the filing

On May 8, 2024, Sitio Royalties Corp. issued a press release announcing its operating and financial results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000950170-24-055723

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