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Mar 31, 2025
Sitio Royalties Q1 2025 Earnings Report
Sitio Royalties reported first quarter 2025 operational and financial results.
Key Takeaways
Sitio Royalties delivered strong first quarter 2025 results, exceeding production guidance and reporting increased net income and Adjusted EBITDA compared to the prior year. The company continued its focus on returning capital to shareholders through dividends and share repurchases, and authorized an additional $300 million for share buybacks.
First quarter 2025 total average daily production of 42.1 MBoe/d exceeded the high end of the full year guidance range.
Net wells turned-in-line increased by 34% quarter-over-quarter.
Total return of capital for the first quarter was $0.50 per share, comprised of a $0.35 cash dividend and $0.15 in share repurchases.
The share repurchase program was extended with an additional $300 million authorized.
Forward Guidance
Sitio Royalties updated its full year 2025 estimated cash taxes guidance and expects to remain active on M&A. The guidance reflects lower anticipated commodity prices.
Positive Outlook
- Full year 2025 total average daily production guidance midpoint of 39,750 Boe/d is in line with or above the first quarter results.
- Full year 2025 oil average daily production guidance midpoint of 18,500 Bbls/d is in line with or above the first quarter results.
- Full year 2025 Cash G&A guidance midpoint of $38 million is achievable based on first quarter performance.
- Full year 2025 production taxes and other guidance range of 7.0% - 9.0% encompasses the first quarter results.
- Share repurchase program extended with substantial remaining capacity.
Challenges Ahead
- Estimated cash taxes guidance for 2025 was updated to reflect lower anticipated commodity prices.
- No specific guidance provided for revenue or net income.
- Impact of potential future acquisitions is not included in the guidance.
Historical Earnings Impact
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