DENVER (AP) — DENVER (AP) — Sitio Royalties Corp. (STR) on Wednesday reported first-quarter profit of $8.5 million.
On a per-share basis, the Denver-based company said it had net income of 10 cents.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The company posted revenue of $151.4 million in the period.
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