Private company

STR Sub Inc.

American crude petroleum and natural gas company, incorporated in Delaware.

Last updated Oct 18, 2026.

Overview

$72.8MRevenue, fiscal 2021²

$13.2MNet income, fiscal 2021²

IndustryCrude Petroleum & Natural Gas
HeadquartersDE
Incorporated inDE³
Business address1401 Lawrence Street, Suite 1750, Denver, Co 80202³
Filer category, Emerging growth company³

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

45.2%Operating margin²

18.1%Net margin²

81.7%Revenue growth, 2021²

6.1%Return on equity²

Where the money goes

Where each dollar of revenue went, fiscal 2021

Other costsProfit

Other costs74¢$53.7M
Interest3¢$1.9M
Income tax6¢$4.1M
Profit18¢$13.2M

Out of $72.8M in revenue.²

Where each dollar of operating cash went, fiscal 2021

Dividends paidKept or used elsewhere

Dividends paid52¢$22.2M
Kept or used elsewhere48¢$20.8M

Out of $43.0M of cash from operations.²

Financial statements

Revenue⁴⁵⁶²$72.8M in 2021+4% since 2016

Operating income⁴⁵⁶²$33.0M in 2021+94% since 2016

Net income⁴⁵⁶²$13.2M in 2021−11% since 2016

Fiscal year	2016	2017	2018	2019	2020	2021
Revenue	$70.1M⁴	$97.8M⁵	$98.7M⁶	$68.5M²	$40.1M²	$72.8M²
Operating income	$17.0M⁴	$44.0M⁵	$63.2M⁶	$37.2M²	$8.0M²	$33.0M²
Interest	$3.1M⁴	$2.7M⁵	$2.4M⁶	$2.5M²	$2.2M²	$1.9M²
Income tax	$0⁴	$0⁴	$3.3M⁶	$3.9M²	$589.0K²	$4.1M²
Net income	$14.7M⁴	$75.5M⁵	$117.9M⁶	$20.4M²	$7.7M²	$13.2M²
Earnings per share			$0.81⁶	$0.44²	$0.17²	$0.28²
Earnings per share (diluted)			$0.53⁶	$0.39²	$0.11²	$0.28²

Total assets⁴⁵⁶²$261.8M in 2021−26% since 2017

Total liabilities¹⁰⁴⁵⁶²$47.6M in 2021+8944449% since 2016

Shareholders’ equity⁴¹⁰²$214.3M in 2021−44% since 2015

Cash⁴⁵⁶²$2.8M in 2021−67% since 2017

Long-term debt⁴⁵$42.5M in 2019+102% since 2018

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Cash			$8.3M⁴	$7.3M⁵	$2.5M⁶	$2.7M²	$2.8M²
Current assets			$25.6M⁴	$20.1M⁵	$11.6M⁶	$8.9M²	$14.0M²
Total assets			$352.7M⁴	$291.2M⁵	$290.2M⁶	$275.6M²	$261.8M²
Current liabilities		$532¹⁰	$5.4M⁴	$521.0K⁴	$2.2M⁶	$3.1M²	$4.0M²
Long-term debt				$21.0M⁴	$42.5M⁵
Total liabilities		$532¹⁰	$63.6M⁴	$21.5M⁵	$53.8M⁶	$47.2M²	$47.6M²
Shareholders’ equity	$382.6M⁴	-$532¹⁰	$5.0M¹⁰	$255.0M²	$236.4M²	$228.4M²	$214.3M²

Cash from operations⁴⁵⁶²$43.0M in 2021−16% since 2016

Capital spending²$14.0K in 2020−98% since 2019

Free cash flow²$27.4M in 2020−50% since 2019

Dividends paid⁴⁶²$22.2M in 2021

Fiscal year	2016	2017	2018	2019	2020	2021
Cash from operations	$51.3M⁴	$80.8M⁵	$77.9M⁶	$55.2M²	$27.4M²	$43.0M²
Capital spending				$592.0K²	$14.0K²
Free cash flow				$54.6M	$27.4M
Dividends paid	$0⁴	$0⁴	$4.4M⁶	$30.3M²	$11.7M²	$22.2M²

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Leadership

Who has led STR Sub Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

President

Chief financial officer

Chief operating officer

Michael J. Downs2020–2022

20202025

Chief executive officerChristopher L. Conoscenti Jun 8, 2022 to Jan 3, 2023¹¹
Chief executive officerBryan Gunderson Jun 30, 2021 to Jun 9, 2022¹²
Chief executive officerDaniel C. Herz Sep 24, 2018 to May 14, 2021¹³
Chief executive officerJonathan Cohen Jul 20, 2017 to Aug 24, 2018¹⁴
ChairJonathan Cohen Nov 21, 2018 to May 24, 2019¹⁵
ChairEdward E. Cohen Jul 20, 2017 to Aug 24, 2018¹⁶
PresidentBryan Gunderson Jun 30, 2021 to Jun 9, 2022¹²
PresidentDaniel C. Herz Jul 20, 2017 to May 14, 2021¹⁷
Chief financial officerCarrie L. Osicka Jun 8, 2022 to Jan 3, 2023¹⁸
Chief financial officerMatthew B. Ockwood Jun 30, 2021 to Jun 30, 2021¹⁹
Chief financial officerBryan Gunderson Jun 21, 2019 to May 14, 2021²⁰
Chief operating officerMichael J. Downs Feb 20, 2020 to Jun 9, 2022²¹

Board members and other officers (22)

OfficerBrett S. Riesenfeld Jun 8, 2022 to Jan 3, 2023²²
OfficerBritton L. James Jun 8, 2022 to Jan 3, 2023²³
OfficerJarret J. Marcoux Jun 8, 2022 to Jan 3, 2023²⁴
Board memberAlice E. Gould Jun 8, 2022 to Jan 3, 2023²⁵
Board memberAllen Li Jun 8, 2022 to Jun 8, 2022²⁶
Board memberChristopher L. Conoscenti Jun 8, 2022 to Jan 3, 2023¹¹
Board memberMorris R. Clark Jun 8, 2022 to Jan 3, 2023²⁷
Board memberNoam Lockshin Jun 8, 2022 to Jan 3, 2023²⁸
Board memberErik Belz Apr 26, 2021 to Apr 26, 2021²⁹
Board memberBryan Gunderson Jun 30, 2021 to Jun 9, 2022¹²
Board memberMark Henle Jul 20, 2021 to Jul 20, 2021³⁰
Board memberClaire Harvey May 28, 2020 to Jan 3, 2023³¹
Board memberAl J. Hirshberg Apr 29, 2019 to Apr 27, 2021³²
Board memberEric Liaw Apr 29, 2019 to Apr 29, 2019³³
Board memberAdam M. Jenkins Sep 4, 2018 to Sep 4, 2018³⁴
Board memberAngelo G. Acconcia Sep 4, 2018 to Sep 4, 2018³⁵
Board memberDavid Foley Sep 4, 2018 to Sep 4, 2018³⁶
Board memberJonathan R. Hamilton Sep 4, 2018 to Sep 4, 2018³⁷
Board memberEdward E. Cohen Sep 24, 2018 to Feb 14, 2020³⁸
Board memberDaniel C. Herz Jul 20, 2017 to May 14, 2021¹⁷
Board memberJonathan Cohen Jul 20, 2017 to Feb 14, 2020¹⁴
Board memberBrian L. Frank Jul 26, 2017 to May 19, 2020³⁹

Former names

Sitio Royalties Corp.Mar 8, 2022 to Nov 23, 2022³
Falcon Minerals CorpJul 12, 2018 to May 24, 2022³
Osprey Energy Acquisition CorpApr 24, 2017 to Aug 23, 2018³

Timeline

Jun 8, 2022New chief executive Christopher L. Conoscenti becomes CEO¹¹
Jun 30, 2021New chief executive Bryan Gunderson becomes CEO¹²
Sep 24, 2018New chief executive Daniel C. Herz becomes CEO¹³
Jul 20, 2017New chief executive Jonathan Cohen becomes CEO¹⁴

Filings

163 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 22 major events, 55 insider forms, 26 large holders, 55 other. The latest 20:

Feb 9, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
Feb 8, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
Feb 10, 2023SC 13G SEC SCHEDULE 13G EDGAR
Feb 9, 2023SC 13G/A STR SUB INC. EDGAR
Feb 6, 2023SC 13G SEC SCHEDULE 13G EDGAR
Jan 11, 2023EFFECT EDGAR
Jan 11, 2023EFFECT EDGAR
Jan 11, 2023EFFECT EDGAR
Jan 10, 2023SC 13G EDGAR
Jan 9, 202315-12G EDGAR
Jan 3, 2023S-8 POS EDGAR
Jan 3, 2023S-8 POS EDGAR
Jan 3, 20234 OWNERSHIP DOCUMENT EDGAR
Jan 3, 20234 OWNERSHIP DOCUMENT EDGAR
Jan 3, 2023SC 13D/A AMENDMENT NO. 2 EDGAR
Jan 3, 2023SC 13D/A SITIO ROYALTIES CORP. EDGAR
Jan 3, 20234 EDGAR
Jan 3, 20234 FORM 4 SUBMISSION EDGAR
Jan 3, 20234 FORM 4 SUBMISSION EDGAR
Jan 3, 20234 FORM 4 SUBMISSION EDGAR

The 163 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 26 such filings since October 2021, the latest 10:

Feb 9, 2024SC 13G/A
Feb 8, 2024SC 13G/A
Feb 10, 2023SC 13G
Feb 9, 2023SC 13G/A
Feb 6, 2023SC 13G
Jan 10, 2023SC 13G
Jan 3, 2023SC 13D/A
Jan 3, 2023SC 13D/A
Dec 29, 2022SC 13D/A
Nov 23, 2022SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARSTR Sub Inc. filings on SEC EDGAR
2
SEC EDGARSTR Sub Inc. 10-K for fiscal 2021
3
SEC EDGARSTR Sub Inc. filings on SEC EDGAR
4
SEC EDGARSTR Sub Inc. 10-K for fiscal 2016
5
SEC EDGARSTR Sub Inc. 10-K for fiscal 2017
6
SEC EDGARSTR Sub Inc. 10-K for fiscal 2018
7
SEC EDGARSTR Sub Inc. 10-Q for fiscal 2022
8
SEC EDGARSTR Sub Inc. 10-Q for fiscal 2022
9
SEC EDGARSTR Sub Inc. 10-Q for fiscal 2022
10
SEC EDGARSTR Sub Inc. 10-K for fiscal 2016
11
SEC EDGARChristopher L. Conoscenti, Chief executive officer
12
SEC EDGARBryan Gunderson, Chief executive officer
13
SEC EDGARDaniel C. Herz, Chief executive officer
14
SEC EDGARJonathan Cohen, Chief executive officer
15
SEC EDGARJonathan Cohen, Chair
16
SEC EDGAREdward E. Cohen, Chair
17
SEC EDGARDaniel C. Herz, President
18
SEC EDGARCarrie L. Osicka, Chief financial officer
19
SEC EDGARMatthew B. Ockwood, Chief financial officer
20
SEC EDGARBryan Gunderson, Chief financial officer
21
SEC EDGARMichael J. Downs, Chief operating officer
22
SEC EDGARBrett S. Riesenfeld, Officer
23
SEC EDGARBritton L. James, Officer
24
SEC EDGARJarret J. Marcoux, Officer
25
SEC EDGARAlice E. Gould, Board member
26
SEC EDGARAllen Li, Board member
27
SEC EDGARMorris R. Clark, Board member
28
SEC EDGARNoam Lockshin, Board member
29
SEC EDGARErik Belz, Board member
30
SEC EDGARMark Henle, Board member
31
SEC EDGARClaire Harvey, Board member
32
SEC EDGARAl J. Hirshberg, Board member
33
SEC EDGAREric Liaw, Board member
34
SEC EDGARAdam M. Jenkins, Board member
35
SEC EDGARAngelo G. Acconcia, Board member
36
SEC EDGARDavid Foley, Board member
37
SEC EDGARJonathan R. Hamilton, Board member
38
SEC EDGAREdward E. Cohen, Board member
39
SEC EDGARBrian L. Frank, Board member