# EDGAR Filing Document

**Accession Number:** 0000949509
**File Stem:** 0000950170-25-081969
**Filing Date:** 2025-6
**Character Count:** 37549
**Document Hash:** 01fb786f29c100b3f6d1df30f955d7c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-081969.hdr.sgml**: 20250604

**ACCESSION NUMBER**: 0000950170-25-081969

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250604

**DATE AS OF CHANGE**: 20250604

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sitio Royalties Corp.
- **CENTRAL INDEX KEY:** 0001949543
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 884140242
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93856
- **FILM NUMBER:** 251024909

**BUSINESS ADDRESS:**
- **STREET 1:** 1401 LAWRENCE STREET
- **STREET 2:** SUITE 1750
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** (720) 640-7620

**MAIL ADDRESS:**
- **STREET 1:** 1401 LAWRENCE STREET
- **STREET 2:** SUITE 1750
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Snapper Merger Sub I, Inc.
- **DATE OF NAME CHANGE:** 20221004
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OAKTREE CAPITAL MANAGEMENT LP
- **CENTRAL INDEX KEY:** 0000949509

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVENUE 28TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2138306300

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE 28TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OAKTREE CAPITAL MANAGEMENT LLC
- **DATE OF NAME CHANGE:** 20010605

### Attached PDF Documents

**Attachment 1:** `ck0000000000-ex99_a.pdf`

EXHIBIT A

JOINT FILING AGREEMENT

PURSUANT TO RULE 13D-1(K)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned with respect to the Class A common stock, par value $0.00001 par value per share, of Sitio Royalties Corp., and that all subsequent amendments to this statement on Schedule 13D may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning such person contained herein or therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that such person knows or has reason to believe that such information is inaccurate.

Dated: June 4, 2025

SOURCE ENERGY PERMIAN II, LLC

By: /s/ Luke Allen
Name: Luke Allen
Title: Chief Executive Officer

SIERRA ENERGY ROYALTIES, LLC

By: /s/ Luke Allen
Name: Luke Allen
Title: Chief Executive Officer

SOURCE ENERGY PARTNERS, LLC

By: Oaktree Fund GP I, L.P.
Its: Managing Member

By: /s/ Henry Orren
Name: Henry Orren
Title: Senior Vice President

OCM FIE, LLC

By: /s/ Henry Orren
Name: Henry Orren
Title: Managing Director

OAKTREE CAPITAL MANAGEMENT, L.P.

By: /s/ Henry Orren
Name: Henry Orren
Title: Managing Director

OAKTREE CAPITAL HOLDINGS, LLC

By: /s/ Henry Orren
Name: Henry Orren
Title: Managing Director

OAKTREE CAPITAL GROUP HOLDINGS GP, LLC

By: /s/ Henry Orren
Name: Henry Orren
Title: Managing Director

BROOKFIELD CORPORATION

By: /s/ Swati Mandava
Name: Swati Mandava
Title: Managing Director, Legal &amp; Regulatory

BAM PARTNERS TRUST

By: /s/ Kathy Sarpash
Name: Kathy Sarpash
Title: Secretary

BROOKFIELD ASSET MANAGEMENT, ULC

By: /s/ Kathy Sarpash
Name: Kathy Sarpash
Title: Managing Director, Legal &amp; Regulatory

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**Sitio Royalties Corp.**

*(Name of Issuer)*

**Class A Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**82983N108**

*(CUSIP Number)*

**Richard Ting**<br>Oaktree Capital Group Holdings GP, LLC<br>333 South Grand Avenue, 28th Floor<br>Los Angeles CA 90071<br>(213) 830-6300

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/02/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **82983N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Source Energy Permian II, LLC** | Name of reporting person<br>**Source Energy Permian II, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**—** | Source of funds (See Instructions)<br>**—** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**5610.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**5610.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**5610.00** | Aggregate amount beneficially owned by each reporting person<br>**5610.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.01%** | Percent of class represented by amount in Row (11)<br>**0.01%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** The reported securities represent 5,610 shares of Class A Common Stock ("Class A Shares"), issuable upon conversion of shares of Class C Common Stock ("Class C Shares") of the Issuer, which together with common units representing limited partnership interests of Sitio Royalties Operating Partnership, LP (the "Sitio Opco Partnership Units"), may together be redeemed for shares of Class A Common Stock of the Issuer, on a one-for-one basis.

The reported percentage is calculated based on (i) 77,517,671 Class A Shares outstanding as of May 2, 2025, as reported in the Issuers 10-Q filed May 7, 2025, as increased by (ii) 15,443,610 Class A Shares issuable upon conversion of Class C Shares and Sitio Opco Partnership Units beneficially owned by the Reporting Persons.

| **CUSIP No.** | **82983N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Sierra Energy Royalties, LLC** | Name of reporting person<br>**Sierra Energy Royalties, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**—** | Source of funds (See Instructions)<br>**—** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2502880.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2502880.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2502880.00** | Aggregate amount beneficially owned by each reporting person<br>**2502880.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**2.69%** | Percent of class represented by amount in Row (11)<br>**2.69%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** The reported securities represent 2,502,880 Class A Shares, issuable upon conversion of Class C Shares and Sitio Opco Partnership Units, which may together be redeemed for shares of Class A Common Stock of the Issuer, on a one-for-one basis.

The reported percentage is calculated based on (i) 77,517,671 Class A Shares outstanding as of May 2, 2025, as reported in the Issuers 10-Q filed May 7, 2025, as increased by (ii) 15,443,610 Class A Shares issuable upon conversion of Class C Shares and Sitio Opco Partnership Units beneficially owned by the Reporting Persons.

| **CUSIP No.** | **82983N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Source Energy Partners, LLC** | Name of reporting person<br>**Source Energy Partners, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**12935120.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**12935120.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**12935120.00** | Aggregate amount beneficially owned by each reporting person<br>**12935120.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**13.91%** | Percent of class represented by amount in Row (11)<br>**13.91%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** The reported securities represent 12,935,120 Class A Shares, issuable upon conversion of Class C Shares and Sitio Opco Partnership Units, which may together be redeemed for shares of Class A Common Stock of the Issuer, on a one-for-one basis.

The reported percentage is calculated based on (i) 77,517,671 Class A Shares outstanding as of May 2, 2025, as reported in the Issuers 10-Q filed May 7, 2025, as increased by (ii) 15,443,610 Class A Shares issuable upon conversion of Class C Shares and Sitio Opco Partnership Units beneficially owned by the Reporting Persons.

| **CUSIP No.** | **82983N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**OCM FIE, LLC** | Name of reporting person<br>**OCM FIE, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**—** | Source of funds (See Instructions)<br>**—** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**10431.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**10431.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**10431.00** | Aggregate amount beneficially owned by each reporting person<br>**10431.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.01%** | Percent of class represented by amount in Row (11)<br>**0.01%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** The reported securities represent 10,431 Class A Shares.

The reported percentage is calculated based on (i) 77,517,671 Class A Shares outstanding as of May 2, 2025, as reported in the Issuers 10-Q filed May 7, 2025, as increased by (ii) 15,443,610 Class A Shares issuable upon conversion of Class C Shares and Sitio Opco Partnership Units beneficially owned by the Reporting Persons.

| **CUSIP No.** | **82983N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Oaktree Capital Management L.P.** | Name of reporting person<br>**Oaktree Capital Management L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**—** | Source of funds (See Instructions)<br>**—** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**15454041.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**15454041.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**15454041.00** | Aggregate amount beneficially owned by each reporting person<br>**15454041.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**16.62%** | Percent of class represented by amount in Row (11)<br>**16.62%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** The reported securities represent 10,431 Class A Shares and (ii) 15,443,610 Class A Shares issuable upon conversion of Class C Shares and  Sitio Opco Partnership Units, which may together be redeemed for shares of Class A Common Stock of the Issuer, on a one-for-one basis.

The reported percentage is calculated based on (i) 77,517,671 Class A Shares outstanding as of May 2, 2025, as reported in the Issuers 10-Q filed May 7, 2025, as increased by (ii) 15,443,610 Class A Shares issuable upon conversion of Class C Shares and Sitio Opco Partnership Units beneficially owned by the Reporting Persons.

| **CUSIP No.** | **82983N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Oaktree Capital Holdings, LLC** | Name of reporting person<br>**Oaktree Capital Holdings, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**—** | Source of funds (See Instructions)<br>**—** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**15454041.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**15454041.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**15454041.00** | Aggregate amount beneficially owned by each reporting person<br>**15454041.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**16.62%** | Percent of class represented by amount in Row (11)<br>**16.62%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** The reported securities represent 10,431 Class A Shares and (ii) 15,443,610 Class A Shares issuable upon conversion of Class C Shares and Sitio Opco Partnership Units, which may together be redeemed for shares of Class A Common Stock of the Issuer, on a one-for-one basis.

The reported percentage is calculated based on (i) 77,517,671 Class A Shares outstanding as of May 2, 2025, as reported in the Issuers 10-Q filed May 7, 2025, as increased by (ii) 15,443,610 Class A Shares issuable upon conversion of Class C Shares and Sitio Opco Partnership Units beneficially owned by the Reporting Persons.

| **CUSIP No.** | **82983N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Oaktree Capital Group Holdings GP, LLC** | Name of reporting person<br>**Oaktree Capital Group Holdings GP, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**—** | Source of funds (See Instructions)<br>**—** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**15454041.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**15454041.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**15454041.00** | Aggregate amount beneficially owned by each reporting person<br>**15454041.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**16.62%** | Percent of class represented by amount in Row (11)<br>**16.62%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** The reported securities represent 10,431 Class A Shares and (ii) 15,443,610 Class A Shares issuable upon conversion of Class C Shares and  Sitio Opco Partnership Units, which may together be redeemed for shares of Class A Common Stock of the Issuer, on a one-for-one basis.

The reported percentage is calculated based on (i) 77,517,671 Class A Shares outstanding as of May 2, 2025, as reported in the Issuers 10-Q filed May 7, 2025, as increased by (ii) 15,443,610 Class A Shares issuable upon conversion of Class C Shares and Sitio Opco Partnership Units beneficially owned by the Reporting Persons.

| **CUSIP No.** | **82983N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Brookfield Corporation** | Name of reporting person<br>**Brookfield Corporation** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**—** | Source of funds (See Instructions)<br>**—** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ISRAEL** | Citizenship or place of organization<br>**ISRAEL** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **82983N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**BAM Partners Trust** | Name of reporting person<br>**BAM Partners Trust** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**—** | Source of funds (See Instructions)<br>**—** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ISRAEL** | Citizenship or place of organization<br>**ISRAEL** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **82983N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Brookfield Asset Management ULC** | Name of reporting person<br>**Brookfield Asset Management ULC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**—** | Source of funds (See Instructions)<br>**—** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ISRAEL** | Citizenship or place of organization<br>**ISRAEL** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
Sitio Royalties Corp.

**(c) Address of Issuer's Principal Executive Offices:**
1401 Lawrence Street, Suite 1750, Denver, CO, 80202

This Amendment No. 2 ("Amendment No. 2") to Schedule 13D amends and supplements the Schedule 13D filed with the Securities and Exchange Commission on on March 13, 2023, as amended by the Schedule 13D/A filed on June 23, 2023 ("Amendment No. 1")  and together with this Amendment No. 2 ("the Schedule 13D"). Except as set forth herein, the Schedule 13D remains in full force and effect. Each capitalized term used but not defined herein has the meaning ascribed to such term in the Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 of the Schedule 13D is hereby amended and supplemented as follows:

On June 2, 2025, Sitio Royalties Corp., a Delaware corporation ("Sitio") and Sitio Royalties Operating Partnership, LP, a Delaware limited partnership and a subsidiary of Sitio ("Sitio Opco"), entered into an Agreement and Plan of Merger, dated as of June 2, 2025, (the "Merger Agreement") with Viper Energy, Inc., a Delaware corporation ("Viper"), Viper Energy Partners LLC, a Delaware limited liability company ("Viper Opco"), New Cobra Pubco, Inc., a Delaware corporation and a wholly owned subsidiary of Viper ("New Parent"), Cobra Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of New Parent ("Viper Merger Sub"), and Scorpion Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of New Parent ("Sitio Merger Sub").

Pursuant to the terms of the Merger Agreement, Viper will acquire Sitio in an all-equity transaction through: (i) the merger of Viper Merger Sub with and into Viper, with Viper continuing as the surviving corporation and a wholly owned subsidiary of New Parent, (ii) the merger of Sitio Merger Sub with and into Sitio, with Sitio continuing as the surviving corporation and a wholly owned subsidiary of New Parent, and (iii) the merger of Sitio Opco with and into Viper Opco, with Viper Opco continuing as the surviving entity, in each case on the terms set forth in the Merger Agreement (collectively, the "Mergers").

Concurrently with the execution and delivery of the Merger Agreement, on June 2, 2025, Source Energy Leasehold LP, Source Energy Permian II, LLC, Permian Mineral Acquisitions, LP, and Sierra Energy Royalties, LLC entered into a Voting and Support Agreement (the "Voting and Support Agreement"), with the Issuer and Viper, pursuant to which the Reporting Persons have agreed, until the Voting and Support Agreement terminates in accordance with its terms (the "Lock-Up Period"), to vote their shares of Class A Common Stock and their shares of Class C Common Stock and Partnership Units, as applicable, in favor of the matters to be voted upon in connection with the Mergers, subject to the terms and conditions set forth in the Voting and Support Agreement. In addition, during the Lock-Up Period, the Reporting Persons shall not transfer their shares of Class A Common Stock or their shares of Class C Common Stock and Partnership Units, subject to certain customary exceptions. The foregoing description of the Voting and Support Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Voting and Support Agreement which is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5(a) of the Schedule 13D is hereby amended and restated as follows:

The information set forth on lines 11 and 13 of each cover page hereto is incorporated by reference into this Item 5(a).

The percentages used in this Amendment No 2. are calculated based on (i) 77,517,671 Class A Shares outstanding as of May 2, 2025, as reported in the Issuers 10-Q filed May 7, 2025, as increased by (ii) 15,443,610 Class A Shares issuable upon conversion of Class C Shares beneficially owned by the Reporting Persons (including those underlying the Allocation Rights).

Source directly holds 5,610 Class C Shares and an equivalent number of Sitio Opco Partnership Units.

Sierra directly holds 2,502,880 Class C Shares and an equivalent number of Sitio Opco Partnership Units.

Source Energy directly holds 12,935,120 Class C Shares and an equivalent number of Sitio Opco Partnership Units.

FIE directly holds 10,431 Class A Shares.

Oaktree Capital Management L.P., Oaktree Capital Holdings, LLC, and Oaktree Capital Group Holdings GP LLC, as the indirect managers of Source, Sierra, Source Energy, and FIE, can direct decisions regarding the vote and disposition of the reported securities and therefore may share beneficial ownership.

**(b)**
Item 5(b) of the Schedule 13D is hereby amended and restated as follows:

The information set forth on lines 7-10 of each cover page hereto and in Item 5(a) hereof is incorporated by reference into this Item 5(b).

**(c)**
The Reporting Persons have not effected any transactions related to the Common Stock during the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 of the Schedule 13D is hereby amended to incorporate by reference the information set forth in Item 4 of this Statement:

Except as set forth herein, none of the Reporting Persons has any contracts, arrangements, understandings, or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, including, but not limited to, any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Source Energy Permian II, LLC

**Signature:** /s/ Luke Allen

**Name/Title:** Luke Allen/Chief Executive Officer

**Date:** 06/04/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Sierra Energy Royalties, LLC

**Signature:** /s/ Luke Allen

**Name/Title:** Luke Allen/Chief Executive Officer

**Date:** 06/04/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Source Energy Partners, LLC

**Signature:** /s/ Henry Orren

**Name/Title:** Henry Orren/Senior Vice President

**Date:** 06/04/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** OCM FIE, LLC

**Signature:** /s/ Henry Orren

**Name/Title:** Henry Orren/Managing Director

**Date:** 06/04/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Oaktree Capital Management L.P.

**Signature:** /s/ Henry Orren

**Name/Title:** Henry Orren/Maging Director

**Date:** 06/04/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Oaktree Capital Holdings, LLC

**Signature:** /s/ Henry Orren

**Name/Title:** Henry Orren/Managing Director

**Date:** 06/04/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Oaktree Capital Group Holdings GP, LLC

**Signature:** /s/ Henry Orren

**Name/Title:** Henry Orren/Managing Director

**Date:** 06/04/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Brookfield Corporation

**Signature:** /s/ Swati Mandava

**Name/Title:** Swati Mandava/Managing Director, Legal & Regulatory

**Date:** 06/04/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** BAM Partners Trust

**Signature:** /s/ Kathy Sarpash

**Name/Title:** Kathy Sarpash/Secretary

**Date:** 06/04/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Brookfield Asset Management ULC

**Signature:** /s/ Kathy Sarpash

**Name/Title:** Kathy Sarpash/Magaging Director, Legal & Regulatory

**Date:** 06/04/2025