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Stock impact report

Sitio Royalties Reports First Quarter 2024 Operational and Financial Results [Yahoo! Finance]

Sitio Royalties Corp. (STR) 
Company Research Source: Yahoo! Finance
FIRST QUARTER 2024 RETURN OF CAPITAL OF $0.49 PER SHARE, COMPRISED OF $0.41 DIVIDEND PER SHARE OF CLASS A COMMON STOCK AND $0.08 PER SHARE OF STOCK REPURCHASES 52.9 PRO FORMA NET LINE-OF-SIGHT WELLS AS OF MARCH 31, 2024, OF WHICH 77% AND 14% ARE IN THE PERMIAN AND DJ BASINS, RESPECTIVELY CLOSED PREVIOUSLY ANNOUNCED ACQUISITION OF DJ BASIN ASSETS IN APRIL 2024 DENVER, May 08, 2024 BUSINESS WIRE )--Sitio Royalties Corp. (NYSE: STR) ("Sitio", "STR" or the "Company") today announced operational and financial results for the quarter ended March 31, 2024. Unless the context clearly indicates otherwise, references to "we," "our," "us" or similar terms refer to Sitio and its subsidiaries. FIRST QUARTER 2024 OPERATIONAL AND FINANCIAL HIGHLIGHTS Pro forma 1Q 2024 average daily production volume of 37,970 barrels of oil equivalent per day ("Boe/d") (51% oil) , up 3.7% relative to pro forma 4Q 2023 average daily production volume of 36,623 Boe/d (49% oil); estimated 14.3 pro forma net Show less Read more
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