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.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.