Sitio Royalties Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 132.57 million compared to USD 86.51 million a year ago. Revenue was USD 136.47 million compared to USD 87.8 million a year ago. Net loss was USD 0.796 million compared to net income of USD 72.01 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.49 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.39 a year ago.
For the six months, sales was USD 278.12 million compared to USD 151.46 million a year ago. Revenue was USD 287.29 million compared to USD 154.17 million a year ago. Net income was USD 21.86 million compared to USD 110.54 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.39 a year ago.