In This Article:
Sitio Royalties (NYSE:STR) Full Year 2024 Results
Key Financial Results
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Revenue: US$624.4m (up 5.2% from FY 2023).
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Net income: US$39.8m (up from US$16.6m loss in FY 2023).
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Profit margin: 6.4% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.
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EPS: US$0.49 (up from US$0.20 loss in FY 2023).
STR Production and Reserves
Oil reserves
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Proven reserves: 42.064 MMbbls.
Gas reserves
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Proven reserves: 199.944 Bcf.
LNG reserves
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Proven reserves: 28.368 MMbbls.
Combined production
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Oil equivalent production: 14.097 MMboe (12.942 MMboe in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sitio Royalties EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%.
In the last 12 months, the only revenue segment was Oil and Gas Exploration and Production contributing US$624.4m. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$320.3m (60% of total expenses). Explore how STR's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 1.2% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Sitio Royalties that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.