Sitio Royalties Corp. (NYSE:STR) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET

Company Participants

Ross Wong - Vice President of Finance and Investor Relations
Chris Conoscenti - Chief Executive Officer
Carrie Osicka - Chief Financial Officer
Jarret Marcoux - Executive Vice President, Operations
Dax McDavid - Executive Vice President of Corporate Development

Conference Call Participants

Neal Dingmann - Truist
Jarrod Girou - Stephens
Betty Zhang - Barclays
Noel Parks - Tuohy Brothers Investment

Operator

Hello everyone, and welcome to the Sitio Royalties Third Quarter 2024 Earnings Conference Call. My name is Bruno and I'll be your operator for today. [Operator instructions]

I'll now hand over to your host, Ross Wong, Vice President of Finance and Investor Relations. Please go ahead.

Ross Wong

Thanks, operator. Good morning and welcome to the Sitio's Royalties third quarter conference call. We appreciate your interest in our story. By now it is our hope that you have 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, Carrie and other members of our leadership team will be available to take your questions.

Before we start, I'd 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 Chris.

Chris Conoscenti

Thanks, Ross.

Good morning, everyone and thanks for dialing in today. Sitio's is performing exceptionally well and we continue to show that our proven business model is sustainable and differentiates us from other investment options you have in the energy and minerals ownership sectors.

We offer a unique and compelling value proposition today. Before I cover our third quarter highlights, I want to address what we call the Sitio advantage. It is important that you understand how we run our business and why we think our proven practices will add tremendous value for our owners.

There are four key things you need to know. First, Sitio has a proven track record of identifying, underwriting and capturing value adding acquisitions. The mineral sector remains highly fragmented and we benefit from robust deal flow. Our high quality diverse assets provide exposure to both oil and gas as well as to the top producing basins in the U.S.