Why Sitio Royalties Corp. (STR) Gained This Week

Sultan Khalid

Fri, Jun 6, 2025, 12:39 PM 2 min read

The share price of Sitio Royalties Corp. (NYSE:STR) surged by 13.29% between May 29 and June 5, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let’s shed some light on the development.

A close-up of an oil derrick against a colorful sunset sky, a symbol of the company's success.

Sitio Royalties Corp. (NYSE:STR) received a boost this week after it was announced that the company is set to be acquired by Viper Energy, a subsidiary of Diamondback Energy. The all-equity deal is valued at around $4.1 billion, including Sitio’s net debt of approximately $1.1 billion as of March 31, 2025. The transaction is subject to customary regulatory approvals and is expected to close in the third quarter of this year.

Chris Conoscenti, CEO of Sitio Royalties Corp. (NYSE:STR), stated:

“We are excited to announce the combination of two leading minerals companies with a shared strategic vision of integrating the highest quality assets to create a truly differentiated investment opportunity for shareholders.

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Disclosure: None.