Sitio Royalties Corp reports results for the quarter ended December 31 - Earnings Summary

• Sitio Royalties Corp STR.N reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.33. The mean expectation of six analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 9 cents to 14 cents per share.

• Revenue rose 3.8% to $155.10 million from a year ago; analysts expected $145.60 million.

• Sitio Royalties Corp's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $7.06 million.

• Sitio Royalties Corp shares had risen by 1.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Sitio Royalties Corp is $28.50

This summary was machine generated from LSEG data February 26 at 11:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)