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STR — Sitio Royalties News Story

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Sitio Royalties Corp reports results for the quarter ended June 30 - Earnings Summary

Sitio Royalties Corp STR.N reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 15 cents.  The mean expectation of six analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 3 cents to 8 cents per share.

Revenue fell 13.6% to $145.66 million from a year ago; analysts expected $138.40 million.

Sitio Royalties Corp's reported EPS for the quarter was 8 cents​.

The company reported quarterly net income of $7.27 million.

Sitio Royalties Corp shares had fallen by 0.6% this quarter and lost 4.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 23.8% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Sitio Royalties Corp is $24.50, about 24.1% above its last closing price of $18.60

This summary was machine generated from LSEG data August 6 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.050.08Beat
Mar. 31 20250.100.13Beat
Dec. 31 20240.120.08Missed
Sep. 30 20240.130.15Beat

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