Mach Natural Resources LP (MNR) to Distribute Quarterly Dividend of $0.36 on August 31st

Mach Natural Resources LP (NYSE:MNR) declared 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 11.1%. 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 research 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 Price Performance

Shares of MNR opened at $12.95 on Friday. Mach Natural Resources has a 12-month low of $10.46 and a 12-month high of $15.02. The business’s fifty day moving average is $13.04 and its 200 day moving average is $13.13. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.18 billion, a P/E ratio of 21.95 and a beta of -0.31.

Mach Natural Resources (NYSE:MNR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.23. Mach Natural Resources had a net margin of 7.44% and a return on equity of 15.87%. The business had revenue of $286.00 million during the quarter, compared to the consensus estimate of $397.61 million. Sell-side analysts anticipate that Mach Natural Resources will post 1.68 earnings per share for the current fiscal year.

About Mach Natural Resources

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.