9 May 2023quarterly activities report▼ Bad
Sitio Royalties Corp. reported quarterly revenue of $136.5 million and a net loss of $796 thousand for the period ended 2023-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 May 2023listing compliance notice● NeutralMajor
Sitio Royalties Corp.'s exchange filed to remove a class of its securities from listing.
9 May 2023quarterly activities report▼ Bad
Sitio Royalties Corp. reported quarterly revenue of $136.5 million and a net loss of $796 thousand for the period ended 2023-06-30.
31 Mar 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).
20 Mar 2023director interest notice● Neutral
Sitio Royalties Corp. Chief Executive Officer Conoscenti Christopher L. bought 2,500 shares on the open market at $20.19.
15 Mar 2023director interest notice● Neutral
Sitio Royalties Corp. Chief Executive Officer Conoscenti Christopher L. bought 10,000 shares on the open market.
9 Mar 2023business combination● Neutral
Sitio filed unaudited pro forma financial statements showing the combined company for 2022 as if the December 2022 Brigham merger had happened on January 1, 2022. The pro forma figures are total revenue of $756.6 million and net income of $233.4 million, with $121.1 million attributable to Class A stockholders. The filing says these are illustrative only, and that the valuation of Brigham's assets and liabilities was not yet complete.
8 Mar 2023quarterly activities report● Neutral
Sitio Royalties Corp. reported quarterly revenue of $150.8 million and net income of $22.7 million for the period ended 2023-03-31.
3 Mar 2023director interest notice● Neutral
Sitio Royalties Corp. officer Mcdavid Andrew Dax received 22,331 shares and a 66,993-share option grant as part of the equity award.
3 Mar 2023director interest notice● Neutral
Sitio Royalties Corp. Chief Executive Officer Conoscenti Christopher L. received 58,486 shares and a 175,457-share option grant as part of the equity award.
3 Mar 2023director interest notice● Neutral
Sitio Royalties Corp. Chief Financial Officer Osicka Carrie L. received 26,584 shares and a 79,753-share option grant as part of the equity award.
3 Mar 2023director interest notice● Neutral
Sitio Royalties Corp. officer Riesenfeld Brett S. received 28,711 shares and a 47,852-share option grant as part of the equity award.
3 Mar 2023director interest notice● Neutral
Sitio Royalties Corp. officer James Britton L. received 22,331 shares and a 66,993-share option grant as part of the equity award.
3 Mar 2023director interest notice● Neutral
Sitio Royalties Corp. officer Marcoux Jarret J. received 22,331 shares and a 66,993-share option grant as part of the equity award.
9 Feb 2023substantial 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 disclosed a new substantial Sitio Royalties Corp. shareholding (5.08% of votes).
9 Feb 2023substantial holder notice● Neutral
The Vanguard Group disclosed a new substantial Sitio Royalties Corp. shareholding (7.57% of votes).
8 Feb 2023debt financing● NeutralMajor
On February 3, 2023, Sitio's operating partnership replaced its existing credit facility with a new Third Amended and Restated Credit Agreement led by JPMorgan, with commitments of up to $1.5 billion, a $750 million borrowing base and elected commitment, and a June 2027 maturity. It also repaid and terminated Brigham's old credit agreement, so this finishes the debt clean-up after the December 2022 merger. Brigham's entities also became guarantors of the existing September 2022 note purchase agreement. The filing also furnishes an updated investor presentation.
13 Jan 2023substantial holder notice● Neutral
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, Oaktree Capital Group Holdings GP, LLC, Brookfield Corporation, Brookfield Asset Management ULC, BAM Partners Trust disclosed a new substantial Sitio Royalties Corp. shareholding (14.80% of votes).
13 Jan 2023securities registration● Neutral
Sitio Royalties Corp. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
9 Jan 2023director interest notice● Neutral
Source Energy Partners, LLC became a Sitio Royalties Corp. 10%+ owner and company insider (initial ownership filing).
9 Jan 2023substantial holder notice● Neutral
BX Royal Aggregator LP, BCP VI/BEP Holdings Manager L.L.C, Blackstone Energy Management Associates L.L.C, Blackstone Management Associates VI L.L.C, Blackstone EMA L.L.C, BMA VI L.L.C, RRR Aggregator LLC, BX Primexx Topco LLC, BCP VII/BEP II Holdings Manager L.L.C, Blackstone Energy Management Associates II L.L.C, Blackstone Management Associates VII L.L.C, Blackstone EMA II L.L.C, BMA VII L.L.C, Blackstone Holdings III L.P, Blackstone Holdings III GP L.P, Blackstone Holdings III GP Management L.L.C, Blackstone Inc, Blackstone Group Management L.L.C, Stephen A. Schwarzman disclosed a new substantial Sitio Royalties Corp. shareholding (19.90% of votes).
9 Jan 2023director interest notice● Neutral
Oaktree Holdings, LLC became a Sitio Royalties Corp. 10%+ owner and company insider (initial ownership filing).
9 Jan 2023substantial holder notice● Neutral
Kimmeridge Energy Management Company, LLC disclosed a new substantial Sitio Royalties Corp. shareholding (31.10% of votes).
9 Jan 2023director interest notice● Neutral
Kimmeridge Energy Management Company, LLC became a Sitio Royalties Corp. director and company insider (initial ownership filing).
3 Jan 2023director interest notice● Neutral
Jon-al Duplantier became a Sitio Royalties Corp. director and company insider (initial ownership filing).
3 Jan 2023director interest notice● Neutral
Sitio Royalties Corp. director Duplantier Jon-al received 17,334 shares as part of the equity award.
3 Jan 2023director interest notice● Neutral
Carrie L. Osicka became a Sitio Royalties Corp. Chief Financial Officer and company insider (initial ownership filing).
3 Jan 2023director interest notice● Neutral
John R Sult became a Sitio Royalties Corp. director and company insider (initial ownership filing).
3 Jan 2023director interest notice● Neutral
Jim Norris became a Sitio Royalties Corp. officer and company insider (initial ownership filing).
3 Jan 2023director interest notice● Neutral
Gayle Burleson became a Sitio Royalties Corp. director and company insider (initial ownership filing).