Mach Natural Resources LP (NYSE:MNR) Declares $0.36 Quarterly Dividend

Mach Natural Resources LP (NYSE:MNR) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, August 17th will be given a dividend of 0.36 per share on Monday, August 31st. This represents a c) annualized dividend and a 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% meaning 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 Stock Performance

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

Mach Natural Resources (NYSE:MNR) last released its earnings results on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $405.95 million during the quarter, compared to analyst estimates of $377.87 million. Mach Natural Resources had a return on equity of 18.46% and a net margin of 7.46%. On average, equities analysts forecast 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.