Sitio Royalties Corp Sees FY23 Average Daily Production Boe/d 34,000-37,000; Reported Cash Tax Rate 11%-13%
Portfolio Pulse from Benzinga Newsdesk
Sitio Royalties Corp has projected its FY23 average daily production to be between 34,000 and 37,000 barrels of oil equivalent per day (Boe/d). The company also reported a cash tax rate of 11%-13%.
August 08, 2023 | 8:45 pm
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Sitio Royalties Corp's projected increase in daily production and reported cash tax rate may influence its stock price.
The projected increase in daily production indicates a potential increase in revenue for Sitio Royalties Corp, which could positively impact its stock price. The reported cash tax rate provides insight into the company's financial health, which is a key factor for investors.
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