Mach Natural Resources Reports Q3 Profit, Revenue Increases

MT Newswires Live

2024-11-13

Mach Natural Resources (MNR) reported Q3 earnings late Tuesday of $0.70 per diluted share.

Three analysts polled by Capital IQ expected $0.56.

The company launched its initial public offering in October last year.

Revenue for the quarter ended Sept. 30 was $255.5 million, up from $174.5 million a year earlier.

Two analysts polled by Capital IQ expected $236 million.

Meanwhile, the company declared a quarterly dividend of $0.60 per unit, compared with the previous quarter's dividend of $0.90. The latest dividend will be paid Dec. 10 to shareholders of record on Nov. 26.

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