Mach Natural Resources LP to Issue Quarterly Dividend of $0.36 (NYSE:MNR)

Mach Natural Resources LP (NYSE:MNR) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.36 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Monday, August 17th.

Mach Natural Resources has a payout ratio of 115.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Mach Natural Resources to earn $1.34 per share next year, which means the company may not be able to cover its $2.56 annual dividend with an expected future payout ratio of 191.0%.

Mach Natural Resources Trading Up 0.9%

NYSE MNR opened at $13.34 on Friday. The business’s 50-day moving average price is $13.05 and its two-hundred day moving average price is $13.13. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.61. Mach Natural Resources has a 12 month low of $10.46 and a 12 month high of $15.15. The firm has a market capitalization of $2.24 billion, a PE ratio of 17.33 and a beta of -0.31.

Mach Natural Resources (NYSE:MNR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $405.95 million for the quarter, compared to analysts’ expectations of $377.87 million. Mach Natural Resources had a net margin of 7.46% and a return on equity of 18.46%. On average, analysts expect that Mach Natural Resources will post 1.68 EPS for the current year.

Mach Natural Resources Company Profile

Mach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas. It also owns a portfolio of midstream assets, as well as owns plants and water infrastructure. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.