Sitio Royalties Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.11-12

Sitio Royalties (NYSE:STR) Third Quarter 2024 ResultsKey Financial Results Revenue: US$149.4m (down 4.7% from 3Q 2023). Net income: US$12.3m (up by US$12.2m from 3Q 2023). Profit margin: 8.3% (up from...

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Profit margin: 8.3% (up from...</p>\n\n<a href=\"https://simplywall.st/stocks/us/energy/nyse-str/sitio-royalties/news/sitio-royalties-third-quarter-2024-earnings-eps-beats-expect\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sitio Royalties Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSitio Royalties Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 03:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/energy/nyse-str/sitio-royalties/news/sitio-royalties-third-quarter-2024-earnings-eps-beats-expect><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sitio Royalties (NYSE:STR) Third Quarter 2024 ResultsKey Financial Results Revenue: US$149.4m (down 4.7% from 3Q 2023). Net income: US$12.3m (up by US$12.2m from 3Q 2023). Profit margin: 8.3% (up from...</p>\n\n<a href=\"https://simplywall.st/stocks/us/energy/nyse-str/sitio-royalties/news/sitio-royalties-third-quarter-2024-earnings-eps-beats-expect\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STR","symbol_name":"Sitio Royalties Corp.","start_time":0,"source_url":"https://simplywall.st/stocks/us/energy/nyse-str/sitio-royalties/news/sitio-royalties-third-quarter-2024-earnings-eps-beats-expect","article_id":"2482348794","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/1032000-choice2-main-header/1585186674409"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482348794","pubTimestamp":1731351948,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Sitio Royalties ( NYSE:STR ) Third Quarter 2024 Results Key Financial Results Revenue: US$149.4m (down 4.7% from 3Q...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"STR":"Sitio Royalties Corp."},"translate_title":"Sitio Royalties 2024年第三季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STR":0.9},"content_text":"Sitio Royalties (NYSE:STR) Third Quarter 2024 ResultsKey Financial Results Revenue: US$149.4m (down 4.7% from 3Q 2023). Net income: US$12.3m (up by US$12.2m from 3Q 2023). Profit margin: 8.3% (up from 0.1% in 3Q 2023). EPS: US$0.15 (up from US$0.001 in 3Q 2023).  NYSE:STR Earnings and Revenue Growth November 11th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Sitio Royalties EPS Beats Expectations, Revenues Fall Short  Revenue missed analyst estimates by 2.5%.  Earnings per share (EPS) exceeded analyst estimates by 15%.      Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Oil and Gas industry in the US.    Performance of the American Oil and Gas industry.  The company's shares are up 13% from a week ago.   Risk Analysis It's still necessary to consider the ever-present spectre of investment risk.   We've identified 1 warning sign  with Sitio Royalties, and understanding this should be part of your investment process. New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. 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