Sitio Royalties Corp.

STR

STRSitio Royalties Corp. US flag

New York Stock Exchange

18.12

USD

-0.18

- -

1.41BMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	46	121	370	593	624
+ Sales & Services Revenue	46	121	370	593	624
- Cost of Revenue	32	41	130	338	367
+ Cost of Goods & Services	32	41	130	338	367
Gross Profit	14	80	240	255	258
+ Other Operating Income	- -	- -	- -	- -	- -
- Operating Expenses	17	20	46	50	55
+ Selling, General & Admin	9	13	42	50	55
+ Research & Development	- -	- -	- -	- -	- -
+ Other Operating Expense	7	7	3	- -	- -
Operating Income (Loss)	-3	59	194	205	203
- Non-Operating (Income) Loss	11	11	4	266	90
+ Interest Expense, Net	2	2	35	93	85
+ Interest Expense	2	2	35	93	85
- Interest Income	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	9	9	-31	173	5
Pretax Income	-14	48	190	-61	113
- Income Tax Expense (Benefit)	- -	- -	6	-14	18
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-14	47	184	-47	95
- Net Extraordinary Losses (Gains)	- -	- -	- -	-62	108
+ Discontinued Operations	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	-62	108
Income (Loss) Incl. MI	-14	47	184	16	-13
- Minority Interest	- -	- -	- -	31	-54
Net Income, GAAP	-14	47	184	-16	41
- Preferred Dividends	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-14	47	184	-16	41
EBIT	-3	59	194	205	203
EBITDA	29	100	298	497	523
EBITDA Margin (%)	63.09	83.02	80.76	83.73	83.81
EBITA	-3	59	194	205	203
Gross Margin (%)	29.87	66.08	64.81	42.99	41.28
Operating Margin (%)	-7.04	49.1	52.48	34.63	32.51
Profit Margin (%)	-31.1	39.39	49.83	-2.62	6.56
Sales per Employee	- -	- -	- -	- -	- -
Dividend per Share	- -	5.33	9.73	1.99	1.5
Depreciation Expense	32	41	105	291	320
Basic Weighted Avg Shares	13	13	14	81	81
Basic EPS, GAAP	-1.12	3.75	13.42	-0.19	0.51
Basic EPS from Cont Ops	-1.12	3.75	13.42	-0.57	1.18
Diluted Weighted Avg Shares	13	13	14	81	81
Diluted EPS, GAAP	-1.12	3.75	13.42	-0.19	0.51
Diluted EPS from Cont Ops	-1.12	3.75	13.42	-0.57	1.17

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	- -	49	192	154	135
+ Cash, Cash Equivalents & STI	- -	12	19	15	3
+ Cash & Cash Equivalents	- -	12	19	15	3
+ ST Investments	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	36	142	107	123
+ Accounts Receivable, Net	- -	- -	62	3	2
+ Notes Receivable, Net	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	36	80	105	122
+ Inventories	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	31	31	9
+ Misc ST Assets	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	1,154	4,979	4,605	4,608
+ Property, Plant & Equip, Net	- -	1,152	4,957	4,587	4,597
+ Property, Plant & Equip	- -	1,273	5,180	5,086	5,416
- Accumulated Depreciation	- -	122	223	499	819
+ LT Investments & Receivables	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -
+ Other LT Assets	- -	2	22	17	11
+ Total Intangible Assets	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	2	22	17	11
Total Assets	- -	1,203	5,171	4,759	4,744
+ Payables & Accruals	- -	5	22	30	46
+ Accounts Payable	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	2	12	12	30
+ Interest & Dividends Payable	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	2	10	18	16
+ ST Debt	- -	- -	2	2	2
+ ST Borrowings	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	2	2	2
+ Other ST Liabilities	- -	- -	3	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	3	- -	- -
Total Current Liabilities	- -	5	26	32	48
+ LT Debt	- -	134	944	871	1,084
+ LT Borrowings	- -	134	939	865	1,078
+ LT Finance Leases	- -	- -	5	5	5
+ Other LT Liabilities	- -	1	314	261	255
+ Accrued Liabilities	- -	1	314	260	254
+ Pension Liabilities	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	1	1
Total Noncurrent Liabilities	- -	135	1,258	1,132	1,339
Total Liabilities	- -	140	1,284	1,164	1,387
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	1,751	1,796	1,710
+ Common Stock	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	1,751	1,796	1,710
- Treasury Stock	- -	- -	19	1	98
+ Retained Earnings	- -	- -	-9	-188	-147
+ Other Equity	- -	- -	- -	- -	- -
Equity Before Minority Interest	- -	561	1,722	1,608	1,465
+ Minority/Non Controlling Interest	- -	503	2,164	1,988	1,892
Total Equity	- -	1,063	3,887	3,595	3,357
Total Liabilities & Equity	- -	1,203	5,171	4,759	4,744
Shares Outstanding	- -	- -	80	82	79
Number of Employees	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	7	7	7
Net Debt	- -	122	920	850	1,075
Net Debt to Equity	- -	11.44	23.67	23.65	32.02
Tangible Common Equity Ratio	- -	88.39	75.16	75.55	70.77
Current Ratio	- -	10.65	7.28	4.85	2.82
Cash Conversion Cycle	- -	0.04	30.43	19.72	1.18

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	-14	47	184	-47	95
+ Depreciation & Amortization	32	41	105	291	320
+ Non-Cash Items	4	3	-7	180	43
+ Stock-Based Compensation	- -	- -	9	19	24
+ Deferred Income Taxes	- -	- -	2	-43	-7
+ Asset Impairment Charge	1	- -	- -	26	- -
+ Other Non-Cash Adj	3	3	-18	178	26
+ Chg in Non-Cash Work Cap	5	-25	-117	63	4
+ (Inc) Dec in Accts Receiv	4	-28	-25	34	-16
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	-1	20	6
+ Inc (Dec) in Accts Payable	- -	2	-89	9	14
+ Inc (Dec) in Other	1	- -	-2	1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Operating Activities	26	66	165	488	462
+ Change in Fixed & Intang	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	14	- -	- -	113	- -
+ Disp of Fixed Prod Assets	14	- -	- -	113	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-36	-39	-558	-171	-330
+ Acq of Fixed Prod Assets	-36	-39	-558	-171	-330
+ Acq of Intangible Assets	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	-117
+ Increase in Capital Stock	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	-117
+ Net Change in LT Investment	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	16	- -	- -
+ Cash for Acq of Subs	- -	- -	-15	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	-1	-2	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Investing Activities	-22	-39	-558	-60	-330
+ Dividends Paid	- -	-68	-134	-162	-121
+ Net Cash From Debt	-26	100	573	-72	211
+ Cash From Debt	10	147	1,218	1,244	474
+ Repayments of Debt	-36	-46	-645	-1,316	-264
+ Other Financing Activities	11	-55	-40	-198	-117
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Financing Activities	-15	-22	400	-431	-144
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -
Net Changes in Cash	-11	5	6	-4	-12
EBITDA	29	100	298	497	523
EBITDA Margin (%)	63.09	83.02	80.76	83.73	83.81
Free Cash Flow	-10	27	-393	317	133
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	29	-358	- -	204
Free Cash Flow to Equity	- -	128	181	359	343
Free Cash Flow per Basic Share	-0.78	2.16	-28.61	3.9	1.64
Price/Free Cash Flow	1.81	1.83	0.47	2.72	1.96
Cash Flow to Net Income	-1.83	1.39	0.9	-31.38	11.29
Capital Expenditures	-36	-39	-558	-171	-330