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.
Recommended Reading
NatGas Pundits Pitch Fossil Fuel Reliability to Meet Needs of Big Tech
2024-11-13 - Executives from CNX Resources, AMP and Hines say natural gas has what it takes to meet growing electricity needs of data centers.
Electrification Lights Up Need for Gas, LNG
2024-09-20 - As global power demand rises, much of the world is unable to grasp the need for gas or the connection to LNG, experts said.
Gas-fired Power Generation Sets New Records Over Summer: EIA
2024-10-08 - Hot temperatures and cheap prices continue to increase demand from utilities, spurring the record consumption of natural gas to generate electricity, according to the U.S. Energy Information Administration.
Shell to Buy New England Gas-fired Power Plant
2024-10-24 - Shell already had a market agreement with RISEC Holdings for all of the electricity the 609-MW Rhode Island plant produced.
Trafigura Signs NatGas Supply Agreement with NuVista
2024-11-08 - Under the agreement, NuVista Energy will supply Trafigura with 21,000 MMBtu/d of natural gas for up to thirteen years, starting Jan. 1, 2027.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.