Past year: ▼ 18%(16.96 – 23.70 USD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Feb 2024substantial holder notice● Neutral
Adage Capital Partners, L.P, Adage Capital Partners GP, L.L.C, Adage Capital Advisors, L.L.C, Robert Atchinson, Phillip Gross reported a Sitio Royalties Corp. shareholding of 3,947,589 shares (4.83% of votes) in a periodic institutional filing.
26 Jan 2024substantial holder notice● Neutral
BlackRock, Inc reported a Sitio Royalties Corp. shareholding of 6,273,805 shares (7.70% of votes) in a periodic institutional filing.
4 Jan 2024director interest notice● Neutral
Sitio Royalties Corp. insider Jim Norris acquired 20,417 shares and disposed of 1,430 in a set of related equity transactions.
27 Dec 2023material agreement● Neutral
On December 20, 2023, Sitio amended its credit agreement to confirm the scheduled borrowing base review, leaving the borrowing base at $850 million. The amendment also excludes certain assets from the borrowing base properties for this review, changes redetermination dates and adjusts other terms. No new borrowing capacity was added.
8 Nov 2023quarterly activities report● Neutral
Sitio Royalties Corp. reported quarterly revenue of $156.7 million and net income of $287 thousand for the period ended 2023-09-30.
8 Nov 2023quarterly activities report● Neutral
Sitio Royalties Corp. reported quarterly revenue of $156.7 million and net income of $287 thousand for the period ended 2023-09-30.
4 Oct 2023debt financing● NeutralMajor
On October 3, 2023, Sitio's operating partnership sold $600 million of 7.875% senior notes due November 2028, upsized from the $500 million announced a week earlier. Proceeds went to redeem all its 2026 notes and repay part of the credit facility. This replaces the 2022 note purchase agreement debt with longer-dated, unsecured notes, with first interest due May 1, 2024.
26 Sept 2023material agreement● NeutralMajor
On September 22, 2023, Sitio raised its credit facility's borrowing base and lender commitments from $750 million to $850 million, and on September 26 announced a planned $500 million offering of senior unsecured notes due 2028. Proceeds would redeem its 2026 notes (the September 2022 note purchase agreement debt, inference) and repay part of the credit facility. The filing also gives net debt to Pro Forma Adjusted EBITDA of 1.61x at June 30, 2023, and a Q2 2023 net loss of $2.97 million.
24 Aug 2023listing compliance notice▼ BadMajor
Sitio Royalties Corp. deregistered its securities, ending its obligation to file reports with the SEC.
14 Aug 2023securities registration● Neutral
Sitio Royalties Corp. amended its automatic shelf registration statement.
8 Aug 2023quarterly activities report● Neutral
Sitio Royalties Corp. reported quarterly revenue of $156.7 million and net income of $287 thousand for the period ended 2023-09-30.
8 Aug 2023agm notice● Neutral
Sitio Royalties Corp. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
8 Aug 2023quarterly activities report● Neutral
Sitio Royalties Corp. reported quarterly revenue of $156.7 million and net income of $287 thousand for the period ended 2023-09-30.
23 June 2023substantial holder notice● Neutral
SOURCE ENERGY PERMIAN II, LLC, Source Energy Royalties, LLC, Sierra Energy Intermediate, LLC, Sierra Energy Holdings, LLC, Opps XI PVDC PT, L.P, OCM FIE, LLC, Oaktree Capital Management L.P, Oaktree Capital Management GP, LLC, Atlas OCM Holdings, LLC, Source Energy Partners, LLC, OCM Source Holdings, L.P, Oaktree Fund GP, LLC, Oaktree Fund GP I, L.P, Oaktree Capital I, L.P, OCM Holdings I, LLC, Oaktree Holdings, LLC, Oaktree Capital Group, LLC, Brookfield Corporation, BAM Partners Trust, Oaktree Capital Group Holdings GP, LLC, Brookfield Asset Management ULC reported a Sitio Royalties Corp. shareholding of 12,945,551 shares (15.64% of votes) in a periodic institutional filing.
15 June 2023capital raising announcement● NeutralMajor
On June 14, 2023, Sitio issued 2,508,490 Class C shares and 2,508,490 Opco LP units in exchange for certain mineral and royalty interests. The filing does not state the value or the sellers' identity beyond naming Sierra Energy Royalties, LLC and Source Energy Permian II, LLC as parties to a registration rights agreement. The units can be swapped one-for-one into Class A shares, so this could add Class A shares over time (inference), and Sitio agreed to file for resale registration within 60 days.
8 June 2023director interest notice● Neutral
Sitio Royalties Corp. officer James Britton L. had 24,560 shares withheld for taxes on vesting stock.
8 June 2023director interest notice● Neutral
Sitio Royalties Corp. officer Riesenfeld Brett S. had 22,411 shares withheld for taxes on vesting stock.
8 June 2023director interest notice● Neutral
Sitio Royalties Corp. officer Norris Jim had 2,015 shares withheld for taxes on vesting stock.
8 June 2023director interest notice● Neutral
Sitio Royalties Corp. Chief Financial Officer Osicka Carrie L. had 19,927 shares withheld for taxes on vesting stock.
8 June 2023director interest notice● Neutral
Sitio Royalties Corp. officer Marcoux Jarret J. had 21,322 shares withheld for taxes on vesting stock.
8 June 2023director interest notice● Neutral
Sitio Royalties Corp. Chief Executive Officer Conoscenti Christopher L. had 41,926 shares withheld for taxes on vesting stock.
18 May 2023director interest notice● Neutral
Sitio Royalties Corp. insider Alice E Gould received 11,710 shares as part of the equity award.
18 May 2023agm notice● Neutral
Sitio Royalties Corp. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
18 May 2023director interest notice● Neutral
Sitio Royalties Corp. insider John R Sult received 11,710 shares as part of the equity award.
18 May 2023director interest notice● Neutral
Sitio Royalties Corp. insider Lockshin Noam received 11,710 shares as part of the equity award.
18 May 2023director interest notice● Neutral
Sitio Royalties Corp. insider Richard K Stoneburner received 11,710 shares as part of the equity award.
18 May 2023director interest notice● Neutral
Sitio Royalties Corp. insider Harvey Claire received 11,710 shares as part of the equity award.
18 May 2023director interest notice● Neutral
Sitio Royalties Corp. insider Clark Morris R received 11,710 shares as part of the equity award.
18 May 2023director interest notice● Neutral
Sitio Royalties Corp. insider Duplantier Jon-al received 11,710 shares as part of the equity award.
18 May 2023director interest notice● Neutral
Sitio Royalties Corp. insider Burleson Gayle received 11,710 shares as part of the equity award.
