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Sitio Royalties Corp   (STR)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $23.5300 $0.21 0.901%
Day's High: $23.65 Week Perf: -0.55 %
Day's Low: $ 23.23 30 Day Perf: 1.2 %
Volume (M): 448 52 Wk High: $ 27.61
Volume (M$): $ 10,539 52 Wk Avg: $24.11
Open: $23.42 52 Wk Low: $19.95



 Market Capitalization (Millions $) 3,700
 Shares Outstanding (Millions) 157
 Employees 1,745
 Revenues (TTM) (Millions $) 526
 Net Income (TTM) (Millions $) 100
 Cash Flow (TTM) (Millions $) -9
 Capital Exp. (TTM) (Millions $) 0

Sitio Royalties Corp

Questar Corporation (Questar or the Company) is a natural gas-focused energy company with four major lines of business – gas and oil exploration and production, midstream field services, interstate gas transportation, and retail gas distribution – which are conducted through its three principal subsidiaries. Questar Market Resources, Inc. (Market Resources) engages in gas and oil exploration, development and production and midstream field services-gas gathering and processing, as well as wholesale gas and oil marketing and gas storage. Questar Pipeline Company (Questar Pipeline) provides interstate natural gas transportation and storage services. Questar Gas Company (Questar Gas) provides retail natural gas distribution.


Questar is a holding company, as that term is defined in the Public Utility Holding Company Act of 2005 (PUHCA 2005), because its subsidiary Questar Gas is a gas utility company. Questar, however, qualifies for and will file for an exemption and waiver from provisions of the Act applicable to holding companies. PUHCA 2005 supersedes the Public Utility Holding Company Act of 1935 under which Questar qualified for an exemption. Questar conducts most of its operations through subsidiaries. The parent-holding company performs certain management, legal, tax, administrative and other services for its subsidiaries


Questar operates in the Rocky Mountain and Midcontinent regions of the United States of America and is headquartered in Salt Lake City, Utah. Shares of Questar common stock trade on the New York Stock Exchange under the symbol STR.

Questar E&P – Competition and Customers

Questar E&P faces competition in every part of its business, including the acquisition of reserves and leases. Its longer-term growth strategy depends, in part, on its ability to purchase reasonably priced reserves and develop them in a low-cost and efficient manner. Competition is particularly intense when prices are high, as has been the case in recent years.


Questar E&P, through Energy Trading, sells natural gas production to a variety of customers, including pipelines, gas-marketing firms, industrial users and local-distribution companies. It regularly evaluates counterparty credit and may require financial guarantees from parties that fail to meet its credit criteria. Energy Trading sells equity crude-oil production to refiners, remarketers and other companies, including some with pipeline facilities near company producing properties. In the event pipeline facilities are not available, Energy Trading transports crude oil by truck to storage, refining or pipeline facilities.

Questar Pipeline – Customers, Growth and Competition


Questar Pipeline faces risk of recontracting firm capacity as contract terms expire. Questar Pipeline’s transportation system is nearly fully subscribed, and firm contracts had a weighted-average remaining life of 10.9 years.

Questar Gas remains Questar Pipelines largest transportation customer.


Questar Pipeline also transported 259.3 MMdth for nonaffiliated customers to pipelines owned by Kern River Pipeline, Northwest Pipeline, Colorado Interstate Gas, TransColorado, Wyoming Interstate Company and other systems. Questar Pipeline may be adversely affected by proposals before the FERC to establish natural gas-quality standards, specifically for hydrocarbon dewpoint. Questar Pipelines tariff allows a higher hydrocarbon dewpoint specification than most other systems, which requires less processing by producers before natural gas volumes are delivered into Questar Pipelines system. As a consequence, Questar Pipeline must incur higher costs to blend lower dewpoint-processed gas with wet gas and in some instances isolate processed gas for delivery to other pipelines. In effect, Questar Pipeline currently provides a bundled gas-transportation and dewpoint-management service for shippers at certain delivery points. Questar Pipeline may need to restructure its tariff to unbundle these services.

Questar Gas – Regulation


As a public utility, Questar Gas is subject to the jurisdiction of the PSCU and PSCW. Natural gas sales and transportation services are made under rate schedules approved by the two regulatory commissions. Questar Gas is authorized to earn a return on equity of 11.2% in Utah and 11.83% in Wyoming. Both the PSCU and PSCW permit Questar Gas to recover gas costs through a balancing-account procedure and to reflect natural gas-price changes on a periodic, generally semi-annual basis. Questar Gas has also received permission from the PSCU and PCSW to reflect in its gas costs specified costs associated with hedging contracts.

Questar Gas has significant relationships with affiliates that have allowed it to lower its costs and improve efficiency. These affiliate relationships, however, are subject to oversight by regulatory commissions for evidence of subsidization and above-market payments.

Questar Gas – Competition

Questar Gas is a public utility and currently has no direct competition from other distributors of natural gas for residential and commercial customers. It has historically enjoyed a favorable price comparison with other energy sources used by residential and commercial customers except coal and occasionally fuel oil. It provides transportation service to industrial customers that can buy volumes of gas directly from others. Questar Gas earns lower margins on this transportation service than firm-sales service and could lose customers to Kern River.



   Company Address: 1401 Lawrence Street Denver 80202 DE
   Company Phone Number: 640-7620   Stock Exchange / Ticker: NYSE STR
   


Customers Net Income fell by STR's Customers Net Profit Margin fell to

-34.96 %

11.31 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CHKEW     
DVN        0.26% 
EOG        0.52% 
OXY        0.88% 
PXD        0.28% 
SWN        2% 
• View Complete Report
   



Denbury Inc

Denbury Inc Suffers Jaw-Dropping 31.768% Plunge in Revenue During Q2 2023


Introduction
The stock market is often marked by fluctuating trends and can present both profitable and challenging times for investors. Denbury Inc, an energy company operating in the United States, has recently reported a decline in its net profit, income, and revenue for the April to June 30, 2023 period. This article aims to analyze the significant factors contributing to this decline and provide insights into Denbury Inc's profitability trends.
Profitability Declines
During the April-June 2023 period, Denbury Inc's net profit per share witnessed a significant plummet of -55.83%, dropping to $1.25 per share from $2.83 per share compared to the previous year. This downward trend reflects the challenges faced by the company that have impacted its financial performance. Additionally, income faded by -24.7%, declining from $1.66 per share in the previous reporting season to $1.25 per share.
Revenue Downturn
Denbury Inc's revenue also experienced a substantial decline of -31.768%, dropping to $328.98 million from $482.16 million during the same reporting season in the previous year. Moreover, the sequential revenue decline stood at -3.529%, from $341.02 million. This decline in revenue suggests a less favorable market environment for the company and may reflect moderating demand in the industry segment.

Altex Industries Inc

Altex Industries Inc Reveals Staggering 33% Revenue Drop in Q3 2023 Amid Fiscal Year End - Reaches Surprising Break-Even Point

Altex Industries Inc, a company operating in the [insert industry], recently announced its financial results for the third quarter of 2023. The company reached break-even at $0.00 per share, which is the same as last year and the preceding financial reporting period. This is an encouraging sign for the company as it indicates that it has managed to stabilize its financial position.
However, the company experienced a decline in revenue for the third quarter. The revenue faded by 33.333% to $0.01 million compared to the same period a year ago. Sequentially, the revenue deteriorated by 14.286% from the preceding financial reporting period. These numbers suggest that Altex Industries Inc has faced challenges in generating consistent revenue growth.

Nine Energy Service Inc

Second Quarter 2023 Serves Up Robust Revenue Growth for Nine Energy Service Inc., Surpasses Industry Expectations Despite Profitability Challenges

The outlook for the stock market is looking up, particularly for Nine Energy Service Inc. This oil and gas production company has bucked the industry trend by reporting an impressive revenue increase of 13.405% to $161.43 million in the fiscal period ending June 30, 2023. While many of its peers have experienced business decline, Nine Energy Service Inc is showing signs of improvement.
In addition to their revenue growth, Nine Energy Service Inc has also seen a notable improvement in their earnings per share (EPS). Comparing the current financial reporting period to the previous one, EPS has improved from $-0.19 per share to $-0.08 per share. This indicates that the company is making strides towards a more positive financial position.

Comstock Resources Inc

Comstock Resources Inc Plunges into Deficit, Share Value Falls Sharply in the Fiscal Period Ending June 30, 2023!

As a stock market journalist, it is my duty to provide an objective and thorough analysis of the financial results of Comstock Resources Inc. Based on the given information, it is evident that the company's performance has taken a significant hit in the fiscal period closing June 30, 2023.
Starting with the earnings per share (EPS), we see a drastic decline from $1.36 per share in the prior year to a loss of $0.17 per share. This indicates a stark reversal of fortune for the company and raises concerns about its profitability. In addition, the preceding financial reporting period saw EPS at $0.49 per share, indicating a decline in performance.

Murphy Oil Corporation

Dramatic Dive: Murphy Oil Corporation Witnesses a Sharp 26.018% Revenue Plunge in Recent Fiscal Year



Murphy Oil Corporation, a prominent player in the oil and gas production industry, has seen mixed financial results in recent months. While the company's stock performance has shown marginal improvement, its revenue and profitability have taken a significant hit. The decline in revenues, reduced earnings per share, and unfavorable margins have raised concerns about the company's future prospects.
Factors Affecting Financial Performance:
1. Declining Revenue and Earnings:
The most recent fiscal period witnessed a sharp decline in revenue by approximately 26.018%. This downturn had a severe impact on the company's income, which plummeted by 72.2%. Comparing the current revenue of $814.59 million to the previous year's $1.10 billion highlights the challenging market conditions for Murphy Oil Corporation.






 

Sitio Royalties's Segments
 
Wexpro
 Segment     of total Revenue
Pipeline
 Segment     of total Revenue
Questar Gas
 Segment     of total Revenue
 
• View Complete Report

Sitio Royalties's Operating Statistics Decrease / Increase
       
E&P Natural gas (Bcf) Production Volumes   E&P Natural gas (Bcf) Production Volumes Decline   
Natural gas processing NGL sales volumes (Mbbl)     
Natural gas processing NGL sales price ($ per Mbbl)   Natural gas processing NGL sales price ($ per Mbbl) Decline   
Pipeline Natural gas transportation volumes (MMdth)   Pipeline Natural gas transportation volumes (MMdth) Decline   
Pipeline Transportation revenue ($ per dth)     
Questar Gas Residential & commercial sales volumes (MMdth)     
Questar Gas Industrial sales volumes (MMdth)   Questar Gas Industrial sales volumes (MMdth) Decline   
Questar Gas Transportation for industrial customers volumes (MMdth)   Questar Gas Transportation for industrial customers volumes (MMdth) Decline   
Questar Gas Total deliveries volumes (MMdth)   Questar Gas Total deliveries volumes (MMdth) Decline   
Questar Gas Residential & commercial revenue ($ per dth)   Questar Gas Residential & commercial revenue ($ per dth) Decline   
Questar Gas Industrial revenue ($ per dth)   Questar Gas Industrial revenue ($ per dth) Decline   
Questar Gas Transportation for industrial customers revenue ($ per dth    Questar Gas Transportation for industrial customers revenue ($ per dth Growth   
Questar Gas Customers (thousands)    Questar Gas Customers (thousands) Growth   




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