secwatch.observer — SEC 8-K summary
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Issuer:     Sitio Royalties Corp. (—)
CIK:        0001949543
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055723
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1949543/000095017024055723/0000950170-24-055723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1949543/000095017024055723/str-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055723

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