Sitio Royalties Corp.
STRDW
NASDAQ Global Market0.30
USD
-0.02
- -
Sitio Royalties Corp.
STRDW
(NASDAQ Global Market)
Recent
price
0.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Sitio Royalties Corp. (NYSE: STR; STRDW) is a leading owner, acquirer and manager of mineral and royalty interests in premium oil and gas basins across the United States, generating revenue from royalty payments tied to oil, natural gas and natural gas liquids production volumes and prevailing commodity prices; its core assets encompass over 270,000 net royalty acres primarily in the Permian Basin of West Texas and southeast New Mexico, with additional exposure in the Eagle Ford and DJ Basins in Texas, Colorado and Wyoming, the Williston Basin in North Dakota, the Anadarko Basin in Oklahoma, and the Appalachia Basin in Pennsylvania, West Virginia and Ohio. The company leases these interests to a diversified base of top-tier exploration and production operators, focusing on large-scale consolidation through more than 200 accretive acquisitions to deliver sustainable cash flows and shareholder returns without direct drilling or operational costs. Founded in 2011 and headquartered in Denver, Colorado, Sitio Royalties maintains a low-cost structure, disciplined capital allocation and active portfolio management across its extensive acreage supporting over 34,000 gross wells. In June 2025, Sitio Royalties entered into a definitive all-equity merger agreement with Viper Energy Inc., a subsidiary of Diamondback Energy, in a $4.1 billion transaction including $1.1 billion in net debt that enhances scale, synergies exceeding $50 million annually, lower breakeven costs and greater development visibility; Sitio stockholders approved the deal in August 2025, with closure anticipated in Q3 2025 subject to regulatory approvals, positioning the combined entity as a premier consolidator with Viper increasing its base dividend by 10% to $1.32 per share annually.