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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
(a)
Summary
Compensation
 Table Total
 for PEO #1 –
 Conoscenti(1)
($)(b)
Compensation
Actually Paid
 to PEO #1 –
 Conoscenti(2)
(c)
Summary
Compensation
 Table Total
 to PEO #2 –
 Gunderson(1)
($)(b)
Compensation
 Actually Paid
 to PEO #2(2)
 Gunderson
(c)
Average
Summary
Compensation
 Table Total
 for Non-PEO
 NEOs(1)
(d)
Average
 Compensation
Actually Paid
to Non-PEO
NEOs(1)(3)
 (e)
Value of Initial
Fixed $100
Investment Based
 On(4):
Net Income
(loss) ($)
(h)
TSR
(f)
Peer
Group TSR
(g)
2024$6,914,223 $(9,388)$2,999,930 $173,142 104158$94,929,000 
20236,767,8774,033,8032,817,517 
(6)
1,659,730 120160(46,695,000)
202210,002,06410,036,6221,928,2289,249,3094,290,7783,574,496135154184,131,000
20211,479,8254,990,9611,651,3694,809,1828210627,492,000
2020684,672732,584976,621(313,557)486410,448,000
       
Named Executive Officers, Footnote The PEO and the non-PEO NEOs for each year are as follows:
a)PEO:
i)2024: Christopher L. Conoscenti
ii)2023: Christopher L. Conoscenti
iii)2022: Christopher L. Conoscenti and Bryan C. Gunderson, the former President and Chief Executive Officer of Falcon
iv)2021: Bryan C. Gunderson
v)2020: Bryan C. Gunderson
b)Non-PEO NEOs:
i)2024: Carrie L. Osicka, Britton L. James, Jarret J. Marcoux, and A. Dax McDavid,
ii)2023: Carrie L. Osicka, Britton L. James, Jarret J. Marcoux, A. Dax McDavid, and Brett S. Riesenfeld
iii)2022: Carrie L. Osicka, Britton L. James, Jarret J. Marcoux, Brett S. Riesenfeld, and Matthew B. Ockwood, the former Chief Financial Officer of Falcon
iv)2021: Matthew B. Ockwood, Michael Downs, the former Chief Operating Officer of Falcon, and Daniel C. Herz, the former President and Chief Executive Officer of Falcon
v)2020: Michael Downs and Daniel C. Herz
       
Peer Group Issuers, Footnote The values disclosed in (a) the TSR column represent the measurement period value of an investment of $100 in our Class A common stock (which, for fiscal years 2020 and 2021, represents the Class A common stock of Falcon) and (b) the Peer Group TSR column represent the measurement period value of an investment of $100 in the SPDR S&P Oil & Gas Exploration and Production ETF (“XOP”), in each case, from December 31, 2019, through each of December 31, 2020, December 31, 2021, December 31, 2022, December 31, 2023, and December 31, 2024. XOP is a weighted composite of 53 oil and gas exploration and production companies.        
Adjustment To PEO Compensation, Footnote The table below reflects the relevant increases and deductions taken to calculate the “Compensation Actually Paid” to our PEOs for the respective fiscal year. As our PEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
2024
(Conoscenti)
2023
(Conoscenti)
2022
(Conoscenti)
2022
(Gunderson)
2021
(Gunderson)
2020
(Gunderson)
ADJUSTMENTS TO DETERMINE COMPENSATION “ACTUALLY PAID” FOR PEO
Summary Compensation Table Total$6,914,223 $6,767,877 $10,002,064 $1,928,228 $1,479,825 $684,672 
Add (Subtract):
Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table$(6,052,394)$(5,943,906)$(9,685,728)— $(801,994)$(173,802)
Addition of fair value at year-end of equity awards granted during the year that remain unvested as of year-end$4,250,145 $5,147,331 $9,720,286 — $3,010,112 $1,140,764 
Fair value at vesting date of awards granted during the year and vested in the same year— — — — — — 
Change in fair value of equity awards granted in prior years that were unvested as of the end of the year$(5,212,090)$(1,735,188)— — $873,283 $(800,250)
Change in fair value of equity awards granted in prior years that vested during the year
$90,727 $(202,312)— $7,748,431 $429,735 $(118,800)
Equity awards granted in prior years that were forfeited during the year— — — $(427,350)— — 
Dividends or other earnings paid on equity awards during the year— — — — — — 
Total Equity Award Related Adjustments$(6,923,611)$(2,734,074)$34,558 $7,321,081 $3,511,136 $47,912 
COMPENSATION ACTUALLY PAID TOTALS$(9,388)$4,033,803 $10,036,622 $9,249,309 $4,990,961 $732,584 
       
Non-PEO NEO Average Total Compensation Amount $ 2,999,930 $ 2,817,517 $ 4,290,778 $ 1,651,369 $ 976,621
Non-PEO NEO Average Compensation Actually Paid Amount $ 173,142 1,659,730 3,574,496 4,809,182 (313,557)
Adjustment to Non-PEO NEO Compensation Footnote The table below reflects the relevant increases and deductions taken to calculate the “Compensation Actually Paid” to our non-PEO NEOs for the respective fiscal year. As our non-PEO NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
2024
2023
2022
2021
2020
ADJUSTMENTS TO DETERMINE COMPENSATION “ACTUALLY PAID” TO NON-PEO NEOS
Average Summary Compensation Table Total...$2,999,930 $2,817,517 $4,290,778 $1,651,369 $976,621 
Add (Subtract):
Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table$(2,475,986)$(2,288,025)$(3,797,430)$(665,218)$(549,862)
Addition of fair value at year end of equity awards granted during the year that remain unvested as of year end$1,754,395 $2,000,809 $3,813,148 $2,461,067 $1,730,619 
Fair value at vesting date of awards granted during the year and vested in the same year— — — — — 
Change in fair value of equity awards granted in prior years that were unvested as of the end of the year$(2,129,652)$(799,105)— $1,146,692 $(2,131,204)
Change in fair value of equity awards granted in prior years that vested during the year$24,456 $(71,466)$144,600 $215,271 $(339,731)
Equity awards granted in prior years that were forfeited during the year— — $(876,600)— — 
Dividends or other earnings paid on equity awards during the year— — — — — 
Total Equity Award Related Adjustments$(2,826,788)$(1,157,787)$(716,283)$3,157,813 $(1,290,178)
AVERAGE COMPENSATION ACTUALLY PAID TOTALS$173,142 $1,659,730 $3,574,496 $4,809,182 $(313,557)
       
Tabular List, Table
Total Stockholder Return
       
Total Shareholder Return Amount $ 104 120 135 82 48
Peer Group Total Shareholder Return Amount 158 160 154 106 64
Net Income (Loss) $ 94,929,000 46,695,000 184,131,000 27,492,000 10,448,000
Additional 402(v) Disclosure
Narrative Disclosure to Pay Versus Performance Table
We did not include a “Company-Selected Measure” (as described in Item 402(v)) in the Pay Versus Performance table because the most important, and only, financial measure used by us to link “Compensation Actually Paid” to our NEOs to company performance is TSR, which is already required to be disclosed in the table. Since Sitio was formed as a result of the Falcon Merger and our current NEOs (other than A. Dax McDavid) were appointed in connection with the Falcon Merger, which closed on June 7, 2022, we believe it is difficult to link “Compensation Actually Paid” to our NEOs to our financial performance as opposed to TSR over the time periods presented in the Pay Versus Performance table. Nevertheless, a significant portion of our current compensation program is comprised of equity awards, including awards based on absolute TSR targets. Hence, based on our compensation program and philosophy, “Compensation Actually Paid” to our NEOs should move commensurate with changes in our TSR, as shown in the year-over-year change from 2022 through 2024. For more detail regarding the Company’s equity awards, please see “Compensation Discussion and Analysis—Long-Term Equity Incentive Compensation.”
While “Compensation Actually Paid” was reduced in 2024 as compared to 2023, the compensation philosophy did not change. The difference in the amounts presented between 2022 and 2024 were due to (i) one-time transaction-related equity awards granted in 2022 in connection with the Falcon Merger that are not expected to recur and (ii) changes in the Company’s stock price (including the Company's TSR). Specifically with respect to fiscal year 2023, the “Compensation Actually Paid” to our PEO and non-PEO NEOs are aligned with our TSR due primarily to the use of equity incentives, which are tied directly to our stock price.
In 2024, the Company’s stock price and the Company’s TSR decreased (although the Company’s TSR still outpaced the initial fixed $100 investment), and the “Compensation Actually Paid” to our PEO and non-PEO NEOs also declined. We believe that the decline in “Compensation Actually Paid” of our PEO and non-PEO NEOs for 2024 is attributable to these decreases in the Company’s stock price and the Company’s TSR given the equity awards granted to our PEO and non-PEO NEOs during 2024 and prior years, especially the high proportion of PSU awards, relate to annualized absolute TSR performance metrics. In addition, the substantial improvement in our Net Income between 2020 and 2022 is directionally aligned with the increase in “Compensation Actually Paid” over the same time period. The same dynamic resulted in a decrease in “Compensation Actually Paid” during 2023. While our Net Income rebounded in 2024, decreases to the Company’s stock price and the Company’s TSR in 2024 were the primary factors that caused a decline in our PEO and non-PEO NEOs’ “Compensation Actually Paid” for 2024.
The Compensation Actually Paid to our PEO and non-PEO NEOs does not reflect amounts actually earned or realized by our PEO and non-PEO NEOs for the respective fiscal year; rather these amounts, in part, reflect the changes from year to year of the value of unvested equity awards. These unvested equity awards are at risk and may never become vested; therefore, this value may never be realized by our PEO and non-PEO NEOs.
As shown in the tables above, changes in the market price of our Class A common stock following the date of grant of an award can impact the level of compensation that is actually paid to our NEOs. To assist in understanding the changes to the equity awards reflected above, the following table reflects the value of one share of our Class A common stock (which, for fiscal years 2020 and 2021, represents the Class A common stock of Falcon) as of each of the following dates. If that date reflects a non-business day, the value reported is the last trading date of the applicable calendar year.
12/31/202412/29/202312/30/202212/31/202112/31/2020
Closing Market Price of our Common Stock$19.18 $23.51 $28.85 $19.48 $12.60 
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Total Stockholder Return        
Conoscenti [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 6,914,223 6,767,877 10,002,064    
PEO Actually Paid Compensation Amount $ (9,388) $ 4,033,803 $ 10,036,622    
PEO Name Christopher L. Conoscenti Christopher L. Conoscenti Christopher L. Conoscenti    
Gunderson [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount     $ 1,928,228 1,479,825 684,672
PEO Actually Paid Compensation Amount     $ 9,249,309 $ 4,990,961 $ 732,584
PEO Name     Bryan C. Gunderson Bryan C. Gunderson Bryan C. Gunderson
PEO | Conoscenti [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (6,923,611) $ (2,734,074) $ 34,558    
PEO | Conoscenti [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,052,394) (5,943,906) (9,685,728)    
PEO | Conoscenti [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,250,145 5,147,331 9,720,286    
PEO | Conoscenti [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,212,090) (1,735,188) 0    
PEO | Conoscenti [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0    
PEO | Conoscenti [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 90,727 (202,312) 0    
PEO | Conoscenti [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0    
PEO | Conoscenti [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0    
PEO | Gunderson [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     7,321,081 $ 3,511,136 $ 47,912
PEO | Gunderson [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0 (801,994) (173,802)
PEO | Gunderson [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0 3,010,112 1,140,764
PEO | Gunderson [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0 873,283 (800,250)
PEO | Gunderson [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0 0 0
PEO | Gunderson [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     7,748,431 429,735 (118,800)
PEO | Gunderson [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (427,350) 0 0
PEO | Gunderson [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,475,986) (2,288,025) (3,797,430) (665,218) (549,862)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,826,788) (1,157,787) (716,283) 3,157,813 (1,290,178)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,754,395 2,000,809 3,813,148 2,461,067 1,730,619
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,129,652) (799,105) 0 1,146,692 (2,131,204)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 24,456 (71,466) 144,600 215,271 (339,731)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 (876,600) 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0