Sitio Royalties Q2 net income beats estimates

Sitio Royalties

04/08/2025 21:21

Overview

Sitio Royalties Q2 net income of $14.5 mln beats analyst expectations

Adjusted EBITDA for Q2 was $125.4 mln, exceeding analyst estimates

Company repurchased $8.9 mln in stock and declared $0.36 dividend per share

Outlook

Sitio discontinues guidance due to pending merger with Viper Energy

Merger with Viper expected to close in Q3 2025

Result Drivers

PRODUCTION MAINTENANCE - Maintained production levels with 19.3 MBbls/d oil and 41.9 MBoe/d total

ACQUISITIONS - Closed $6.0 mln of acquisitions in Delaware and DJ Basins, adding 430 net royalty acres

CAPITAL RETURN - Returned $0.42 per share through dividends and stock repurchases

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
Beat
$14.50 mln
$7.25 mln (4 Analysts)
Q2 Adjusted EBITDA
Beat
$125.40 mln
$117.30 mln (6 Analysts)
Q2 Dividend
$0.36


Analyst Coverage

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 "buy"

Wall Street's median 12-month price target for Sitio Royalties Corp is $24.50, about 28% above its August 1 closing price of $17.64

The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 62 three months ago

Press Release: ID:nBw7JB7Dya

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)