Sitio Royalties Operating Partnership LP, founded in 2021 and based in Austin, Texas, is a leading oil and gas royalties company focused on acquiring and managing high-quality royalty interests across prolific natural resource basins in the United States. The company's primary services include the acquisition of mineral rights and royalty interests, enabling it to generate long-term cash flow for investors while minimizing operating risks.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| STR 7.88% 2028-11-01 USDSitio Royalties Operating Partnership LP | United States | 2028-11-01 | 7.875 | 6.18 |
| STR 7.88% 2028-11-01 USDSitio Royalties Operating Partnership LP | United States | 2028-11-01 | 7.875 | 6.18 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its establishment, Sitio Royalties has actively engaged in the bond market, issuing its first series of bonds in 2022 to support growth initiatives and maintain liquidity. Notable offerings include its $300 million senior unsecured notes with a yield of 4.75%, which were well-received due to favorable market conditions. As of now, Sitio's bonds have been recognized for their competitive yields compared to industry standards, along with their attractive features, such as call options and enhanced covenants. Recent news highlights a successful refinancing effort aimed at reducing interest expenses and extending maturity timelines, strengthening its financial position.