Sitio Historical Income Statement

STR Stock

USD 23.78 0.12 0.51%

Historical analysis of Sitio Royalties income statement accounts such as Operating Income of 33.6 M, Ebit of 30.8 M, EBITDA of 377.5 M or Total Operating Expenses of 672.8 M can show how well Sitio Royalties Corp performed in making a profits. Evaluating Sitio Royalties income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Sitio Royalties's future profits or losses.

Cash Flow Balance Sheet Income Statement

Housing Crash

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Covid

Financial Statement Analysis is much more than just reviewing and examining Sitio Royalties Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Sitio Royalties Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sitio Royalties Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

About Sitio Income Statement Analysis

Sitio Royalties Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Sitio Royalties shareholders. The income statement also shows Sitio investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Sitio Royalties Income Statement Chart

At this time, Sitio Royalties' Selling General Administrative is relatively stable compared to the past year. As of 11/28/2024, Tax Provision is likely to grow to about 7.7 M, while Operating Income is likely to drop slightly above 33.6 M.

Total Revenue Gross Profit Other Operating Expenses Ebitda Income Before Tax Tax Provision

Total Revenue

Total revenue comprises all receipts Sitio Royalties Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Sitio Royalties Corp minus its cost of goods sold. It is profit before Sitio Royalties operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Sitio Royalties Corp. It is also known as Sitio Royalties overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Sitio Royalties income statement and is an important metric when analyzing Sitio Royalties Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most accounts from Sitio Royalties' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Sitio Royalties Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sitio Royalties Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

	2021	2022	2023	2024 (projected)
Total Revenue	120.6M	369.6M	593.4M	967.3M
Depreciation And Amortization	40.9M	104.5M	291.3M	162.9M

Total Revenue Depreciation And Amortization

Sitio Royalties income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Interest Income	Net Interest Income	Net Income From Continuing Ops	Reconciled Depreciation	Minority Interest
Depreciation And Amortization		0.83	0.82	0.82	0.7	0.68	0.89	0.83	0.52	-0.68	0.52	0.67	0.13	0.87	0.88	0.54	-0.1	-0.26	0.26	0.26	-0.25
Total Revenue	0.83		0.99	0.98	0.86	0.84	0.96	0.99	0.7	-0.7	0.69	0.83	-0.24	0.7	0.8	0.48	-0.24	-0.15	0.27	0.17	-0.17
Gross Profit	0.82	0.99		0.94	0.91	0.89	0.96	0.98	0.77	-0.65	0.75	0.9	-0.29	0.63	0.83	0.54	-0.33	-0.01	0.28	0.03	-0.09
Other Operating Expenses	0.82	0.98	0.94		0.72	0.7	0.89	0.98	0.54	-0.73	0.53	0.7	-0.13	0.77	0.75	0.39	-0.15	-0.31	0.16	0.33	-0.32
Operating Income	0.7	0.86	0.91	0.72		1.0	0.92	0.82	0.94	-0.48	0.95	0.96	-0.43	0.38	0.77	0.58	-0.39	0.27	0.43	-0.27	0.21
Ebit	0.68	0.84	0.89	0.7	1.0		0.91	0.79	0.94	-0.46	0.96	0.95	-0.43	0.37	0.75	0.58	-0.36	0.26	0.49	-0.26	0.26
Ebitda	0.89	0.96	0.96	0.89	0.92	0.91		0.93	0.78	-0.66	0.8	0.87	-0.16	0.7	0.88	0.57	-0.25	-0.06	0.42	0.07	-0.03
Total Operating Expenses	0.83	0.99	0.98	0.98	0.82	0.79	0.93		0.65	-0.69	0.62	0.82	-0.21	0.7	0.81	0.49	-0.29	-0.13	0.18	0.15	-0.23
Income Before Tax	0.52	0.7	0.77	0.54	0.94	0.94	0.78	0.65		-0.15	0.96	0.91	-0.48	0.16	0.64	0.57	-0.46	0.46	0.5	-0.45	0.37
Total Other Income Expense Net	-0.68	-0.7	-0.65	-0.73	-0.48	-0.46	-0.66	-0.69	-0.15		-0.27	-0.46	0.0	-0.69	-0.57	-0.21	-0.04	0.4	0.02	-0.41	0.35
Net Income	0.52	0.69	0.75	0.53	0.95	0.96	0.8	0.62	0.96	-0.27		0.87	-0.46	0.19	0.62	0.54	-0.36	0.37	0.6	-0.37	0.4
Income Tax Expense	0.67	0.83	0.9	0.7	0.96	0.95	0.87	0.82	0.91	-0.46	0.87		-0.44	0.32	0.78	0.65	-0.57	0.4	0.28	-0.39	0.17
Cost Of Revenue	0.13	-0.24	-0.29	-0.13	-0.43	-0.43	-0.16	-0.21	-0.48	0.0	-0.46	-0.44		0.46	0.2	0.0	0.15	-0.38	0.06	0.39	-0.23
Interest Expense	0.87	0.7	0.63	0.77	0.38	0.37	0.7	0.7	0.16	-0.69	0.19	0.32	0.46		0.74	0.3	0.14	-0.61	0.21	0.63	-0.44
Selling General Administrative	0.88	0.8	0.83	0.75	0.77	0.75	0.88	0.81	0.64	-0.57	0.62	0.78	0.2	0.74		0.66	-0.41	0.06	0.35	-0.04	-0.03
Selling And Marketing Expenses	0.54	0.48	0.54	0.39	0.58	0.58	0.57	0.49	0.57	-0.21	0.54	0.65	0.0	0.3	0.66		-0.7	0.37	0.51	-0.35	0.15
Interest Income	-0.1	-0.24	-0.33	-0.15	-0.39	-0.36	-0.25	-0.29	-0.46	-0.04	-0.36	-0.57	0.15	0.14	-0.41	-0.7		-0.75	-0.06	0.71	-0.19
Net Interest Income	-0.26	-0.15	-0.01	-0.31	0.27	0.26	-0.06	-0.13	0.46	0.4	0.37	0.4	-0.38	-0.61	0.06	0.37	-0.75		0.03	-1.0	0.56
Net Income From Continuing Ops	0.26	0.27	0.28	0.16	0.43	0.49	0.42	0.18	0.5	0.02	0.6	0.28	0.06	0.21	0.35	0.51	-0.06	0.03		-0.04	0.42
Reconciled Depreciation	0.26	0.17	0.03	0.33	-0.27	-0.26	0.07	0.15	-0.45	-0.41	-0.37	-0.39	0.39	0.63	-0.04	-0.35	0.71	-1.0	-0.04		-0.58
Minority Interest	-0.25	-0.17	-0.09	-0.32	0.21	0.26	-0.03	-0.23	0.37	0.35	0.4	0.17	-0.23	-0.44	-0.03	0.15	-0.19	0.56	0.42	-0.58

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Sitio Royalties Account Relationship Matchups

Sitio Royalties income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	12.8M	14.7M	40.9M	104.5M	291.3M	162.9M
Total Revenue	68.5M	45.7M	120.6M	369.6M	593.4M	967.3M
Gross Profit	51.5M	13.7M	79.7M	265.1M	423.3M	698.5M
Other Operating Expenses	31.3M	48.9M	61.4M	150.1M	558.0M	940.1M
Operating Income	37.2M	(3.2M)	49.9M	194.0M	35.4M	33.6M
Ebit	37.2M	(6.7M)	49.9M	249.7M	32.4M	30.8M
Ebitda	50.0M	8.0M	90.8M	354.2M	323.8M	377.5M
Total Operating Expenses	14.3M	16.9M	20.5M	45.5M	387.9M	672.8M
Income Before Tax	34.8M	(14.2M)	48.0M	189.8M	(61.0M)	(57.9M)
Total Other Income Expense Net	(2.3M)	(11.0M)	(1.9M)	(4.2M)	(96.4M)	(101.2M)
Net Income	14.2M	(14.2M)	47.5M	184.2M	(15.5M)	(14.8M)
Income Tax Expense	3.9M	22K	486K	5.7M	(14.3M)	(13.6M)
Cost Of Revenue	17.0M	32.0M	40.9M	104.5M	170.1M	281.6M
Interest Expense	2.5M	2.0M	1.9M	35.5M	93.4M	98.1M
Selling General Administrative	10.5M	9.4M	13.0M	42.3M	49.6M	68.1M
Tax Provision	3.9M	589K	4.1M	5.7M	7.4M	7.7M
Selling And Marketing Expenses	2.4M	2.0M	1.8M	3.5M	3.2M	2.9M
Net Income Applicable To Common Shares	8.8M	(14.2M)	28.7M	15.1M	13.6M	17.8M
Interest Income	2.5M	2.2M	1.9M	3.6M	4.2M	2.5M
Net Interest Income	(2.5M)	(2.2M)	(1.9M)	(35.5M)	(89.1M)	(84.7M)
Net Income From Continuing Ops	30.9M	5.3M	27.5M	184.1M	49.6M	72.7M
Reconciled Depreciation	12.8M	14.7M	15.9M	104.5M	259.9M	272.9M
Minority Interest	(16.6M)	(2.7M)	(14.3M)	51K	(22.8M)	(21.7M)

Pair Trading with Sitio Royalties

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sitio Royalties position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sitio Royalties will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sitio Stock

0.74	AR	Antero Resources Corp Potential Growth	Pair Corr
0.77	EP	Empire Petroleum Corp	Pair Corr
0.87	PR	Permian Resources	Pair Corr
0.69	SM	SM Energy	Pair Corr

Moving against Sitio Stock

0.74	BRN	Barnwell Industries	Pair Corr
0.61	BRY	Berry Petroleum Corp	Pair Corr
0.56	CKX	CKX Lands	Pair Corr
0.45	APA	APA Corporation	Pair Corr

The ability to find closely correlated positions to Sitio Royalties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sitio Royalties when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sitio Royalties - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sitio Royalties Corp to buy it.

The correlation of Sitio Royalties is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sitio Royalties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sitio Royalties Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Sitio Royalties can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Sitio Stock Analysis

When running Sitio Royalties' price analysis, check to measure Sitio Royalties' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sitio Royalties is operating at the current time. Most of Sitio Royalties' value examination focuses on studying past and present price action to predict the probability of Sitio Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sitio Royalties' price. Additionally, you may evaluate how the addition of Sitio Royalties to your portfolios can decrease your overall portfolio volatility.

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Sitio Historical Income Statement

About Sitio Income Statement Analysis

Sitio Royalties Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Income Before Tax

Tax Provision

Sitio Royalties income statement Correlations

Sitio Royalties Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sitio Royalties income statement Accounts

Pair Trading with Sitio Royalties

Moving together with Sitio Stock

Moving against Sitio Stock

Additional Tools for Sitio Stock Analysis

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Ebit	+ 1.0	Operating Income
Gross Profit	+ 0.99	Total Revenue
Total Operating Expenses	+ 0.99	Total Revenue
Other Operating Expenses	+ 0.98	Total Revenue
Total Operating Expenses	+ 0.98	Gross Profit
Total Operating Expenses	+ 0.98	Other Operating Expenses

Reconciled Depreciation	- 1.0	Net Interest Income
Net Interest Income	- 0.75	Interest Income
Total Other Income Expense Net	- 0.73	Other Operating Expenses
Interest Income	- 0.7	Selling And Marketing Expenses
Total Other Income Expense Net	- 0.7	Total Revenue
Interest Expense	- 0.69	Total Other Income Expense Net