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home / news releases / STR - Sitio Royalties: Increased Payout Ratio Gets Closer After Recent Divestiture

STR - Sitio Royalties: Increased Payout Ratio Gets Closer After Recent Divestiture

Questar Corporation

2024-02-09 00:00:20 ET

Summary

  • Sitio sold its Appalachia and Anadarko Basin assets for $117.5 million in cash before adjustments.
  • I estimate that these assets would have generated $12 million in 2024 free cash flow, while Sitio saves $10 million in interest costs from debt paydown.
  • Sitio may now end 2024 with only $115 million in credit facility debt if it sticks with a 65% payout ratio during the year.
  • As its credit facility debt is reduced, the odds of a higher payout ratio increase.

Sitio Royalties ( STR ) divested its Appalachia and Anadarko Basin assets for $117.5 million in cash , which appears to be around 10x 2024 free cash flow from those assets....

For further details see:

Sitio Royalties: Increased Payout Ratio Gets Closer After Recent Divestiture
Stock Information
Company Name: Questar Corporation
Stock Symbol: STR
Market: NYSE
Website: sitio.com
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