Sitio Royalties Corp. initiated a new two-stage quarterly reporting disclosure, designed to provide investors and analysts with accelerated access to key operating and financial metrics. This strategic change aims to enhance transparency and timely communication with the market.
The company's inaugural first-quarter 2025 preview reported strong production figures, with 18.9 MBbls/d of oil and 42.1 MBoe/d in total average daily production. These preliminary results exceeded the midpoint of the company's full-year guidance by 2% for oil and 6% for total production, indicating a robust start to the year.
Sitio also noted strong development activity on its assets, with 11.1 net wells turned-in-line during the quarter, surpassing its historical average. The company continued its share repurchase program throughout the first quarter and at increased levels in recent weeks, underscoring its conviction in asset quality and operator performance.
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