Mach Natural Resources LP (NYSE:MNR) Plans Quarterly Dividend of $0.22

Mach Natural Resources LP (NYSE:MNR) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.22 per share on Monday, November 30th. This represents a $0.88 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Monday, November 16th. This is a 38.9% decrease from Mach Natural Resources’s previous quarterly dividend of $0.36.

Mach Natural Resources has a dividend payout ratio of 64.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Mach Natural Resources to earn $1.41 per share next year, which means the company may not be able to cover its $1.44 annual dividend with an expected future payout ratio of 102.1%.

Mach Natural Resources Trading Down 0.5%

MNR stock opened at $9.96 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.88 and a quick ratio of 0.76. The business has a 50 day simple moving average of $11.10 and a two-hundred day simple moving average of $12.61. Mach Natural Resources has a 1-year low of $9.87 and a 1-year high of $15.02. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.89 and a beta of -0.23.

Mach Natural Resources (NYSE:MNR) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $319.24 million for the quarter, compared to the consensus estimate of $352.43 million. Mach Natural Resources had a net margin of 7.44% and a return on equity of 16.06%. Research analysts anticipate that Mach Natural Resources will post 1.84 EPS for the current fiscal year.

Mach Natural Resources Company Profile

Mach Natural Resources LP is an independent oil and natural gas company focused on the acquisition, development and production of oil, natural gas and natural gas liquids. The company’s operations are concentrated in the Anadarko Basin of the Mid-Continent region.

Mach’s assets are primarily located in Western Oklahoma, with additional interests in surrounding areas of the Anadarko Basin, including parts of the Texas Panhandle and southern Kansas. Its activities include drilling and completing wells, operating producing properties and managing associated gathering and processing infrastructure.

The company was formed by Mach Resources and its affiliates and became a publicly traded limited partnership in 2023.