Why These Energy Stocks Are Gaining This Week

4. Sitio Royalties Corp. (NYSE:STR)

Share Price Gains Between May 29 – June 5: 13.29%

Sitio Royalties Corp. (NYSE:STR) focuses on investing in mineral and royalty interests in the Permian and other productive U.S. oil basins.

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.

This transaction provides Sitio’s shareholders with exposure to an entity with significantly greater size, future development visibility, and all of the benefits of the economies of scale unique to the minerals business – higher margins, lower cost of capital, strong positioning for future M&A opportunities, and the ability to return more capital to shareholders.”