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Noncontrolling Interest (Tables)
 9 Months Ended
Sep. 30, 2024
Noncontrolling Interest [Abstract]  
Summary of Recorded Adjustments to Noncontrolling Interest
Noncontrolling interest is recorded at its carrying value. During the period from December 31, 2023 through September 30, 2024, the Company recorded adjustments to the value of noncontrolling interest as presented in the table below (in thousands):
1
Noncontrolling Interest
Balance – December 31, 2023$1,987,526 
Net income41,715 
Share-based compensation1,690 
Conversion of Class C Common Stock to Class A Common Stock(8,147)
Distributions to noncontrolling interest(91,512)
Repurchases of Sitio OpCo Partnership Units (including associated Class C Common Stock)(23,691)
Balance – September 30, 2024$1,907,581