Sitio Royalties Corp.STR

Market cap

$1.4B

P/E ratio

37.9x

	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Net income (loss)	184	-47	95
Depreciation, depletion and amortization	105	291	320
Amortization of deferred financing costs and long-term debt discount	-	6	5
Share-based compensation	9	19	24
Fair Value Adjustment of Warrants	-4	-3	-
Loss on extinguishment of debt	-11	-22	-
Impairment of oil and gas properties	-	26	-
Commodity derivative (gains) losses	-39	-15	-5
Derivative, Cost of Hedge Net of Cash Received	7	-	-
Commodity Contracts	39	15	-
Interest Rate Contract	0	0	-
Interest rate derivative gains	0	0	-
Cash Received (Paid) For Derivative Settlements	-	1	-
Loss on sale of oil and gas properties	-	-144	-
Deferred tax (benefit) expense	2	-43	-7
Accrued revenue and accounts receivable	25	-34	16
Prepaid assets	1	-20	-6
Other long-term assets	4	-2	-0
Accounts payable and accrued expenses	-	9	14
Due to affiliates	-0	-	-
Operating lease liabilities and other long-term liabilities	-	-1	0
Net cash provided by operating activities	165	488	462
Predecessor cash not contributed in the Falcon Merger	15	-	-
Purchases of oil and gas properties, net of post-close adjustments	-	171	330
Proceeds from sale of oil and gas properties	-	-113	-
Other, net	-	2	0
Net cash used in investing activities	-558	-60	-330
Borrowings on credit facilities	349	645	474
Repayments on credit facilities	209	878	264
Repayments on 2026 Senior Notes	11	-	-
Proceeds from Lines of Credit	425	-	-
Repayments on Bridge Loan Facility	425	-	-
Debt issuance costs	5	22	-
Debt extinguishment costs	-	12	-
Distributions paid to Temporary Equity	115	-	-
Distributions to noncontrolling interest	13	159	112
Dividends paid to Class A stockholders	18	162	121
Dividend equivalent rights paid	1	1	1
Cash paid for taxes related to net settlement of share-based compensation awards	-	3	2
Deferred initial public offering costs	0	-	-
Other	-1	-	-
Net cash (used in) provided by financing activities	400	-431	-144
Net change in cash and cash equivalents	6	-4	-12
Increase (Decrease) In Current Liabilities For Additions To Property And Equipment	-	-	0
Temporary equity cumulative adjustment to redemption value:	707	-	-
Income Taxes Paid, Net	2	9	3
Cash paid for interest expense:	29	77	83