Sitio Royalties
Provides cost advantaged oil and gas exposure.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | $4.1b Valuation: $4.1b 7.0x EV/Revenue 8.1x EV/EBITDA | Acquisition | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 164 % | 207 % | 61 % | 5 % | (6 %) | (2 %) | 4 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 83 % | 88 % | 92 % | 84 % | 86 % | 86 % | 85 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 39 % | 50 % | (3 %) | 7 % | 4 % | 7 % | 7 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Sitio Royalties was founded with a vision to acquire, own, and manage mineral and royalty interests across premium basins in the United States. The company focused on leasing its mineral interests to oil and gas operators, providing a stable income stream and growth potential for its investors.
In October 2021, Sitio Royalties made a significant move by filing for an Initial Public Offering (IPO) worth $100 million. This step marked the company's transition from a private entity to a publicly traded corporation, opening new avenues for capital and expansion.
As Sitio Royalties expanded its portfolio, it strategically acquired additional mineral and royalty interests, boosting its borrowing base to $925 million by December 2024. This growth was fueled by strategic acquisitions and improved production guidance, which also helped reduce the company's total debt by $60 million.
The pivotal moment in Sitio Royalties' journey came in June 2025, when it was acquired by Viper Energy for $4.1 billion. This acquisition included Sitio's net debt of approximately $1.1 billion and was unanimously approved by the boards of both companies. The deal underscored Sitio Royalties' successful strategy in the competitive oil and gas sector, marking a significant milestone in its corporate history.
Investments by Sitio Royalties
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