Sitio Royalties Corp. (STR) Q1 2025 Earnings Call Transcript


Sitio Royalties Corp. (NYSE:STR) Q1 2025 Results Conference Call May 8, 2025 8:30 AM ET

Company Participants

Alyssa Stephens – Vice President of Investor Relations
Chris Conoscenti – Chief Executive Officer
Carrie Osicka – Chief Financial Officer
Jarret Marcoux – Executive Vice President, Operations
Dax McDavid – Executive Vice President, Corporate Development

Conference Call Participants

Derrick Whitfield – Texas Capital
Jarrod Giroue – Stephens
Tim Rezvan – KeyBanc Capital Markets
Noel Parks – Tuohy Brothers Investment

Operator

Ladies and gentlemen, thank you for attending today’s Sitio Royalties First Quarter 2025 Earnings Call. My name is Ada, and I will be your operator today. All lines will be muted during the presentation of the call. [Operator Instructions]

I would now like to pass the conference over to our host, Alyssa Stephens, Vice President of Investor Relations. Please go ahead.

Alyssa Stephens

Thanks, operator. Good morning, and welcome to our first quarter 2025 conference call. By now, it is our hope that you’ve been through our materials. You can find our recent news release and some supplemental slides on our website under the Investor Relations section.

I’m joined this morning by our CEO, Chris Conoscenti; and our CFO, Carrie Osicka. After our brief prepared remarks, Chris, Cary and other members of our leadership team will be available to take your questions.

Before we start, I would like to remind you that our discussion today may contain forward looking statements and non-GAAP measures. Please refer to our earnings release, investor presentation and publicly filed documents for additional information regarding such forward-looking statements and non-GAAP measures.

I will now turn the call over to Carrie to review our first quarter results.

Carrie Osicka

Thanks, Alyssa, and welcome, everyone. First, I’ll touch briefly on the new reporting format we rolled out this quarter. On April 15, we issued our inaugural quarterly preview



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