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.)
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