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Stock impact report

Sitio Royalties Reports Third Quarter 2024 Operational and Financial Results

Sitio Royalties Corp. (STR) 
Company Research Source: Business Wire
Company reports production above guidance range with strong operator activity in Permian and DJ Basins2024 outlook enhanced through legacy asset outperformance and impact of five acquisitions closed in third quarterLine of sight wells increased 11% Q-o-Q with higher operator activity and permitting in the Midland and DJ BasinsLong-term debt reduced by approximately $56.5 million during the quarterThird quarter total return of capital of $0.47 per share, includes $29.0 million in common stock repurchases and planned payment of $0.28 per share dividend DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”, “STR” or the “Company”) today announced third quarter 2024 operational and financial results. Robust production, coupled with strong year-to-date performance and the positive impact from five recent acquisitions, allowed the Company to enhance its 2024 outlook. Supplemental slides have been posted to Sitio’s website, www.sitio.com. A conference call and webcast is pla Show less Read more
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