Brigham Minerals (MNRL) Stock Price, News & Analysis

Brigham Minerals, Inc. (NYSE:MNRL) posted its quarterly earnings data on Wednesday, November, 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. The business had revenue of $41.96 million for the quarter, compared to analysts' expectations of $40.50 million. Brigham Minerals had a trailing twelve-month return on equity of 18.33% and a net margin of 42.07%. During the same quarter last year, the firm earned $0.06 earnings per share.

Brigham Minerals (NYSE:MNRL) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.97%. The dividend payout ratio is 26.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MNRL will have a dividend payout ratio of 24.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MNRL.

Based on aggregate information from My MarketBeat watchlists, some companies that other Brigham Minerals investors own include Crius Energy Unt (KWH.UN), Pfizer (PFE), Pembina Pipeline (PBA), Golar LNG Partners (GMLP), STAG Industrial (STAG), AT&T (T), Valero Energy (VLO), Enterprise Products Partners (EPD) and Suncor Energy (SU).

Brigham Minerals (MNRL) raised $223 million in an initial public offering (IPO) on Thursday, April 18th 2019. The company issued 13,500,000 shares at $15.00-$18.00 per share. Credit Suiss, Goldman Sachs, Barclays, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities acted as the underwriters for the IPO and Raymond James, Seaport Global Securities, Simmons Energy and Tudor, Pickering, Holt (A Division of Piper Jaffray) were co-managers.