Sitio is a shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests across premium basins, with a diversified set of top-tier operators. With a clear objective of generating cash flow from operations that can be returned to stockholders and reinvested, Sitio has accumulated over 265,000 NRAs through the consummation of over 200 acquisitions to date. More information about Sitio is available at www.sitio.com.
Company profile
Ticker
STR-WT
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Snapper Merger Sub I, Inc.
SEC CIK
Corporate docs
Subsidiaries
Sitio Royalties GP, LLC • Sitio Royalties Operating Partnership, LP • STR Sub Inc. • MNRL Sub Inc. • Sitio Permian, LP • Sitio Eagle Ford, LP • Sitio Appalachia, LP • Sitio Nuevo, LP • Sitio Anadarko, LP • Sitio Rockies, LP ...
IRS number
884140242
Latest filings (excl ownership)
10-Q
2024 Q3
Quarterly report
6 Nov 24
8-K
Sitio Royalties Reports Third Quarter 2024 Operational and Financial Results
6 Nov 24
8-K
Regulation FD Disclosure
3 Sep 24
10-Q
2024 Q2
Quarterly report
7 Aug 24
8-K
Sitio Royalties REPORTS Second QUARTER 2024 OPERATIONAL AND FINANCIAL RESULTS
7 Aug 24
8-K
Departure of Directors or Certain Officers
26 Jun 24
8-K
Amendments to Articles of Incorporation or Bylaws
17 May 24
10-Q
2024 Q1
Quarterly report
8 May 24
8-K
Sitio Royalties REPORTS FIRST QUARTER 2024 OPERATIONAL AND FINANCIAL RESULTS
8 May 24
ARS
2023 FY
Annual report to shareholders
29 Mar 24
Latest ownership filings
SC 13G
BlackRock, Inc.
22 Oct 24
SC 13G/A
FMR LLC
7 Oct 24
4
Dawn Smajstrla
26 Jun 24
3
Dawn Smajstrla
26 Jun 24
4
Jarret J. Marcoux
11 Jun 24
4
Christopher L. Conoscenti
11 Jun 24
4
Carrie L. Osicka
11 Jun 24
4
Britton L. James
11 Jun 24
4
Brett S. Riesenfeld
11 Jun 24
4
Jarret J. Marcoux
10 Jun 24
Financial summary
| Quarter (USD) | Sep 24 | Jun 24 | Mar 24 | Dec 23 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 23 | Dec 22 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 8.51 mm | 8.51 mm | 8.51 mm | 8.51 mm | 8.51 mm | 8.51 mm |
| Cash burn (monthly) | 2.61 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 3.35 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 5.15 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 2.0 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
| 13F holders | Current |
|---|---|
| Total holders | 202 |
| Opened positions | 33 |
| Closed positions | 36 |
| Increased positions | 75 |
| Reduced positions | 59 |
| 13F shares | Current |
|---|---|
| Total value | 2.84 tn |
| Total shares | 142.40 mm |
| Total puts | 121.30 k |
| Total calls | 314.10 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Kimmeridge Energy Management | 36.50 mm | $861.66 bn |
| Blackstone Holdings III | 20.08 mm | $0.00 |
| Oaktree Capital Management | 12.94 mm | $305.40 bn |
| FMR | 12.09 mm | $285.50 bn |
| Vanguard | 7.82 mm | $184.63 bn |
| Neuberger Berman | 6.38 mm | $150.63 bn |
| BLK BlackRock | 6.30 mm | $148.76 bn |
| Wellington Management | 4.77 mm | $112.58 bn |
| Adage Capital Partners GP, L.L.C. | 3.08 mm | $72.66 bn |
| WHG Westwood | 2.73 mm | $64.53 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 24 Jun 24 | Dawn Smajstrla | Class A Common Stock | Grant | Acquire A | No | No | 0 | 26,750 | 0.00 | 26,750 |
| 24 Jun 24 | Dawn Smajstrla | Performance Stock Units Class A Common Stock | Grant | Acquire A | No | No | 0 | 15,604 | 0.00 | 15,604 |
| 7 Jun 24 | Britton L. James | Class A Common Stock | Payment of exercise | Dispose F | No | No | 22.25 | 2,442 | 54.33 k | 66,983 |
| 7 Jun 24 | Brett S. Riesenfeld | Class A Common Stock | Payment of exercise | Dispose F | No | No | 22.25 | 3,261 | 72.56 k | 87,840 |
| 7 Jun 24 | Carrie L. Osicka | Class A Common Stock | Payment of exercise | Dispose F | No | No | 22.25 | 1,837 | 40.87 k | 86,981 |