07.08.2024 23:49:38
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Sitio Royalties Q2 Earnings Summary
(RTTNews) - Sitio Royalties Corp. (STR), Wednesday reported second-quarter net income of $29.04 million compared to loss of $2.97 million last year, mainly due to higher revenue and decreased operating expenses.
Net income attributable to stockholders was $0.15 a share compared to loss of $0.01 a share last year.
Analysts, on average, polled by Thomson Reuters expected earnings of $0.18 a share for the period.
Revenues were $168.5 million versus $136.5 million last year.
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