Mach Natural Resources LP (NYSE:MNR) Shares to Pay Quarterly Dividend of $0.22

Mach Natural Resources LP (NYSE:MNR) announced a quarterly dividend on Thursday, November 5th. Investors 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 dividend on an annualized basis and a 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 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 Stock Down 0.5%

NYSE:MNR opened at $9.96 on Friday. The company’s 50-day simple moving average is $11.10 and its 200-day simple moving average is $12.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.76 and a current ratio of 0.88. Mach Natural Resources has a fifty-two week low of $9.87 and a fifty-two week high of $15.02. The stock has a market capitalization of $1.66 billion, a P/E ratio of 5.04 and a beta of -0.23.

Mach Natural Resources (NYSE:MNR) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $319.24 million for the quarter, compared to analyst estimates of $352.43 million. Mach Natural Resources had a return on equity of 16.06% and a net margin of 7.44%. On average, equities analysts anticipate that Mach Natural Resources will post 1.84 earnings per share 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.