Here is a selection of second-quarter dividends declared from select upstream and midstream companies from the week of Aug. 5. (Source: Shutterstock)
It's earnings season, and companies are declaring dividends. Here is a selection of second-quarter dividends from select upstream and midstream companies declared during the week of Aug. 5.
Upstream
Viper Energy
Diamondback subsidiary Viper Energy Inc. declared a base dividend of $0.30 per Class A common share for second-quarter 2024. The base dividend is payable Aug. 22 to Class A common shareholders of record by Aug. 15.
Viper also declared a variable cash dividend of $0.34 per Class A common share. The variable dividend is payable on Aug. 22 to Class A common shareholders of record by Aug.15.
Permian Resources
Permian Resources Corp. declared a quarterly base cash dividend of $0.06 per share of its Class A common stock, or $0.24 per share on an annualized basis.
Additionally, Permian Resources declared a quarterly variable cash dividend of $0.15 per share of Class A common stock.
The base and variable dividends are payable Aug. 27 to shareholders of record by Aug. 19.
Northern Oil and Gas
Northern Oil and Gas Inc. announced a cash dividend of $0.42 per share, representing an 11% increase year-over-year. The dividend is also a 5% sequential increase from the prior quarterly dividend.
The dividend is payable Oct. 31 to stockholders of record by Sept. 27.
TXO Partners
TXO Partners LP’s board of directors declared a distribution of $0.57 per common unit for the second quarter.
The dividend is payable Aug. 27 to unitholders of record by Aug. 20.
Granite Ridge Resources
Granite Ridge Resources Inc. declared a regular quarterly dividend of $0.11 per share. The dividend is payable Sept. 13 to shareholders of record by Aug. 30.
Murphy Oil
Murphy Oil Corp. announced a quarterly cash dividend on its common stock of $0.30 per share, or $1.20 per share on an annualized basis.
The dividend is payable Sept. 3 to stockholders of record by Aug. 19.
SandRidge Energy
SandRidge Energy’s board of directors declared a cash dividend of $0.11 per share, payable Aug. 30 to shareholders of record by Aug. 16.
Chord energy
Chord Energy Corp. declared a base-plus-variable cash dividend of $2.52 per share of common stock.
It includes a base dividend of $1.25 per share of common stock and a variable dividend of $1.27 per share of common stock.
The dividends will be payable Sept. 5 to shareholders of record by Aug. 21.
Midstream
Keyera
Calgary, Alberta based Keyera Corp. announced a 4% increase to its quarterly cash dividend to CA$0.52 per common share (US$0.38), or CA$2.08 annually (US$1.52), from CA$0.50 per common share (US$0.50).
The dividend will be payable Sept. 27 to shareholders of record by Sept. 13.
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