Sitio Royalties Corp. (STR) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,19518,818
Cash and cash equivalents15,19518,818
Prepaid expense12,36212,489
Derivative instruments and hedges, assets19,08018,874
Other undisclosed current assets107,347142,010
Total current assets:153,984192,191
Noncurrent Assets
Operating lease, right-of-use asset5,9705,679
Property, plant and equipment4,581,3674,950,857
Derivative instruments and hedges3,44013,379
Other noncurrent assets2,8351,714
Other undisclosed noncurrent assets11,2057,082
Total noncurrent assets:4,604,8174,978,711
TOTAL ASSETS:4,758,8015,170,902
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:30,05021,899
Accrued liabilities22,81010,586
Other undisclosed accounts payable and accrued liabilities7,24011,313
Other undisclosed current liabilities1,7254,513
Total current liabilities:31,77526,412
Noncurrent Liabilities
Long-term debt and lease obligation865,338938,896
Long-term debt, excluding current maturities865,338938,896
Liabilities, other than long-term debt266,414318,999
Deferred income tax liabilities259,870313,607
Other liabilities1,15089
Operating lease, liability5,3945,303
Total noncurrent liabilities:1,131,7521,257,895
Total liabilities:1,163,5271,284,307
Equity
Equity, attributable to parent1,608,4091,722,352
Treasury stock, value  (19,085)
Additional paid in capital1,796,1471,750,640
Accumulated deficit(187,738)(9,203)
Equity, attributable to noncontrolling interest1,987,5262,164,228
Other undisclosed equity(661)15
Total equity:3,595,2743,886,595
TOTAL LIABILITIES AND EQUITY:4,758,8015,170,902

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
Revenues593,356369,612
Cost of revenue
(Cost of Goods and Services Sold)
(290,800)(103,900)
Gross profit:302,556265,712
Operating expenses(557,967)(175,623)
Other undisclosed operating income290,800103,900
Operating income:35,389193,989
Nonoperating income (expense)
(Investment Income, Nonoperating)
15,19939,037
Interest and debt expense(114,979)(46,986)
Income (loss) from continuing operations before equity method investments, income taxes:(64,391)186,040
Other undisclosed income from continuing operations before income taxes3,4123,772
Income (loss) from continuing operations before income taxes:(60,979)189,812
Income tax expense (benefit)14,284(5,681)
Net income (loss):(46,695)184,131
Net income attributable to noncontrolling interest31,15951
Other undisclosed net loss attributable to parent  (168,481)
Net income (loss) attributable to parent:(15,536)15,701
Undistributed earnings (loss) allocated to participating securities, basic1,049579
Other undisclosed net loss available to common stockholders, basic(2,098)(1,158)
Net income (loss) available to common stockholders, basic:(16,585)15,122
Other undisclosed net income (loss) available to common stockholders, diluted(31,159)90,326
Net income (loss) available to common stockholders, diluted:(47,744)105,448

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
Net income (loss):(46,695)184,131
Comprehensive income (loss):(46,695)184,131
Comprehensive income, net of tax, attributable to noncontrolling interest31,15951
Comprehensive income (loss), net of tax, attributable to parent:(15,536)184,182

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.

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