DENVER, AP -- Sitio royalties Corp. (STR), a Denver-based company that specializes in royalty rights, reported a first-quarter profit on Tuesday of $22.7 millions.
The Denver-based firm reported a net profit of 28 cents a share.
The results exceeded Wall Street expectations. Zacks Investment Research surveyed three analysts and found that the average estimate was 26 cents per share.
The company's revenue for the quarter was $150.8 million, which is below Street expectations. Zacks surveyed three analysts who expected $155.9 millions.
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