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Sitio Royalties Third Quarter 2022 Earnings: EPS Misses Expectations

Sitio Royalties (NYSE:STR) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$115.5m (up 243% from 3Q 2021).

  • Net income: US$9.14m (up 21% from 3Q 2021).

  • Profit margin: 7.9% (down from 22% in 3Q 2021). The decrease in margin was driven by higher expenses.

  • EPS: US$0.72.

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sitio Royalties EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 82%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 6.5% decline forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are up 11% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Sitio Royalties (including 1 which is significant).

Have 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. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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