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Sitio Royalties Corp. (NYSE:STR), a $2.69 billion market cap company specializing in crude petroleum and natural gas, has announced the reaffirmation of its borrowing base at $925 million through a credit agreement amendment. The company, which maintains impressive gross margins of 92.56% and a healthy current ratio of 2.35, secured this amendment dated May 8, 2025, through Sitio Royalties Operating Partnership, LP, and various lenders with JPMorgan Chase (NYSE:JPM) Bank, N.A. as the administrative agent. According to InvestingPro analysis, the company operates with a moderate debt level, supporting its financial stability.
The Fifth Amendment to the Third Amended and Restated Credit Agreement, known as the RBL Fifth Amendment, not only reaffirms the borrowing base but also adjusts the dates for semi-annual redeterminations and modifies other terms within the Credit Agreement.
This financial maneuver is part of the company’s ongoing financial management strategy. The full details of the RBL Fifth Amendment have been disclosed in an 8-K filing with the Securities and Exchange Commission (SEC), providing transparency to investors and the public.
Sitio Royalties, headquartered in Denver, Colorado, is incorporated in Delaware and has been operating under its current name since a name change from Snapper Merger Sub I, Inc. in October 2022. With last twelve months EBITDA of $536.66 million, the company’s Class A common stock is listed on the New York Stock Exchange under the ticker STR.
The information for this article is based on a press release statement.
In other recent news, Sitio Royalties Corp reported its Q1 2025 earnings, meeting analyst expectations with earnings per share of $0.13 and surpassing revenue forecasts with $163.52 million. The company’s revenue exceeded expectations by $9.52 million, highlighting successful operational strategies and production efficiency. Sitio Royalties achieved a record production quarter with a 3% increase in total production, and net income grew 36% year-over-year to $26 million. The company also announced a dividend of $0.35 per share and reported share repurchases of 1.1 million shares for $22 million. Analysts from Texas Capital noted the company’s strong free cash flow margins and robust share repurchase program, with $350 million remaining capacity. The firm continues to explore mergers and acquisitions, emphasizing asset quality and operator strength as key priorities. Sitio Royalties remains optimistic about its long-term outlook, despite potential regulatory changes and fluctuating oil and gas prices.
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