SITIO ROYALTIES CORP. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1401 LAWRENCE STREET DENVER, CO 80202 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 2,768 | 2,724 | 2,543 | 7,317 | 1,170 | |||
| Cash and cash equivalents | 2,768 | 2,724 | 2,543 | 7,317 | 1,170 | |||
| Receivables | 10,018 | 5,419 | 7,889 | 11,271 | ||||
| Prepaid expense | 1,220 | 766 | 1,182 | 1,524 | 145 | |||
| Total current assets: | 14,006 | 8,909 | 11,614 | 20,112 | 1,315 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 322 | 427 | 517 | |||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 193,544 | 207,505 | 219,192 | 209,168 | ||||
| Long-term investments and receivables | 276,044 | |||||||
| Long-term investments | 276,044 | |||||||
| Deferred income tax assets | 52,135 | 55,773 | 56,352 | ✕ | ✕ | |||
| Other noncurrent assets | 1,834 | 3,015 | 2,530 | 3,182 | ||||
| Other undisclosed noncurrent assets | 58,773 | |||||||
| Total noncurrent assets: | 247,835 | 266,720 | 278,591 | 271,123 | 276,044 | |||
| TOTAL ASSETS: | 261,841 | 275,629 | 290,205 | 291,235 | 277,358 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 3,471 | 1,540 | 2,206 | 521 | 191 | |||
| Taxes payable | ✕ | 143 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 3,471 | 1,540 | 2,206 | 521 | 48 | |||
| Other liabilities | 502 | 1,557 | ||||||
| Other undisclosed current liabilities | 143 | |||||||
| Total current liabilities: | 3,973 | 3,097 | 2,206 | 521 | 334 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 40,600 | 40,600 | 42,500 | 21,000 | ||||
| Long-term debt, excluding current maturities | 40,000 | 39,800 | 42,500 | 21,000 | ||||
| Liabilities, other than long-term debt | 576 | 828 | 473 | |||||
| Other liabilities | 576 | 828 | 473 | |||||
| Operating lease, liability | 600 | 800 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 2,436 | 2,703 | 9,625 | |||||
| Total noncurrent liabilities: | 43,612 | 44,131 | 42,973 | 21,000 | 9,625 | |||
| Total liabilities: | 47,585 | 47,228 | 45,179 | 21,521 | 9,959 | |||
| Temporary equity, carrying amount | 262,400 | |||||||
| Equity | ||||||||
| Equity, attributable to parent, including: | 130,661 | 139,755 | 129,127 | 142,676 | 5,000 | |||
| Additional paid in capital | 121,029 | 121,053 | 129,127 | 137,866 | 4,477 | |||
| Retained earnings | 9,632 | 18,702 | 4,810 | 522 | ||||
| Other undisclosed equity, attributable to parent | 1 | |||||||
| Equity, attributable to noncontrolling interest | 83,586 | 88,637 | 115,890 | 127,029 | ||||
| Other undisclosed equity | 9 | 9 | 9 | 9 | ||||
| Total equity: | 214,256 | 228,401 | 245,026 | 269,714 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 261,841 | 275,629 | 290,205 | 291,235 | 277,358 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 68,008 | 38,881 | 68,463 | 97,199 | |||
| Gross profit: | 68,008 | 38,881 | 68,463 | 97,199 | |||
| Operating expenses | (35,050) | (30,900) | (31,307) | (34,017) | (378) | ||
| Operating income (loss): | 32,958 | 7,981 | 37,156 | 63,182 | (378) | ||
| Nonoperating income (expense) | (1,407) | 3,056 | (2,324) | 39,078 | 2,541 | ||
| Investment income, nonoperating | 1,270 | ||||||
| Other nonoperating income | 50 | 125 | 165 | 46 | 1,270 | ||
| Interest and debt expense | (1,924) | (2,197) | (2,489) | (2,350) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1,270) | ||||||
| Income from continuing operations before equity method investments, income taxes: | 29,627 | 8,840 | 32,343 | 99,910 | 892 | ||
| Other undisclosed income from continuing operations before income taxes | 1,924 | 2,197 | 2,489 | 2,350 | |||
| Income from continuing operations before income taxes: | 31,551 | 11,037 | 34,832 | 102,260 | 892 | ||
| Income tax expense | (4,059) | (589) | (3,918) | (3,292) | (370) | ||
| Income from continuing operations: | 27,492 | 10,448 | 30,914 | 98,968 | 522 | ||
| Income before gain (loss) on sale of properties: | ✕ | 27,492 | 10,448 | 30,914 | 101,107 | 522 | |
| Income from discontinued operations | 2,139 | ||||||
| Net income: | 27,492 | 10,448 | 30,914 | 101,107 | 522 | ||
| Net loss attributable to noncontrolling interest | (14,336) | (2,748) | (16,564) | (10,982) | |||
| Net income attributable to parent: | 13,156 | 7,700 | 14,350 | 90,125 | 522 | ||
| Preferred stock dividends and other adjustments | (1,072) | ||||||
| Undistributed earnings (loss) allocated to participating securities, basic | (255) | (64) | (115) | ||||
| Other undisclosed net income available to common stockholders, basic | 64 | ||||||
| Net income (loss) available to common stockholders, basic: | 12,901 | 7,700 | 14,235 | 90,125 | (549) | ||
| Other undisclosed net income available to common stockholders, diluted | 2,172 | ||||||
| Net income (loss) available to common stockholders, diluted: | 12,901 | 9,872 | 14,235 | 90,125 | (549) | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|
| Net income: | 27,492 | 10,448 | 30,914 | 101,107 | 522 | ||
| Comprehensive income: | 27,492 | 10,448 | 30,914 | 101,107 | 522 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (14,336) | (2,748) | (16,564) | (10,982) | |||
| Comprehensive income, net of tax, attributable to parent: | 13,156 | 7,700 | 14,350 | 90,125 | 522 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.