Brigham Minerals (DB:2TQ) - Stock Price, News & Analysis

2TQ Stock Overview

Brigham Minerals, Inc. owns and operates a portfolio of mineral and royalty interests in the continental United States.

2TQ fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	6/6
Financial Health	5/6
Dividends	2/6

Rewards

Price-To-Earnings ratio (13.8x) is below the German market (16.1x)

Earnings are forecast to grow 3.62% per year

Earnings grew by 32381.2% over the past year

Risk Analysis

Dividend of 9.97% is not well covered by earnings or cash flows

Shareholders have been diluted in the past year

Brigham Minerals, Inc. Competitors

Deutsche Rohstoff

XTRA:DR0

€189.1m

Verbio

XTRA:VBK

€1.3b

CropEnergies

HMSE:CE2

€1.0b

CropEnergies

XTRA:CE2

€1.0b

Price History & Performance

Summary of all time highs, changes and price drops for Brigham Minerals
Historical stock prices
Current Share Price	US$30.40
52 Week High	US$34.80
52 Week Low	US$18.20
Beta	1.87
1 Month Change	-9.52%
3 Month Change	20.63%
1 Year Change	64.32%
3 Year Change	61.70%
5 Year Change	n/a
Change since IPO	60.19%

Recent updates

Shareholder Returns

	2TQ	DE Oil and Gas	DE Market
7D	4.8%	1.9%	-0.4%
1Y	64.3%	-34.1%	3.4%

Return vs Industry: 2TQ exceeded the German Oil and Gas industry which returned -47% over the past year.

Return vs Market: 2TQ exceeded the German Market which returned 5.9% over the past year.

Price Volatility

Is 2TQ's price volatile compared to industry and market?
2TQ volatility
2TQ Average Weekly Movement	6.2%
Oil and Gas Industry Average Movement	5.6%
Market Average Movement	4.7%
10% most volatile stocks in DE Market	9.8%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: 2TQ has not had significant price volatility in the past 3 months.

Volatility Over Time: 2TQ's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2012	44	Rob Roosa	https://www.brighamminerals.net

Brigham Minerals, Inc. owns and operates a portfolio of mineral and royalty interests in the continental United States. The company primarily holds mineral and royalty interests in the Delaware and Midland Basins in West Texas and New Mexico; the South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher Counties plays in the Anadarko Basin of Oklahoma; the Denver-Julesburg Basin in Colorado; and Wyoming and the Williston Basin in North Dakota. As of December 31, 2021, it had mineral and royalty interests in approximately 92,375 net royalty acres; and owned mineral and royalty interests in 8,595 gross productive horizontal wells, which consisted of 7,909 oil wells and 688 natural gas wells.

Brigham Minerals, Inc. Fundamentals Summary

How do Brigham Minerals's earnings and revenue compare to its market cap?
2TQ fundamental statistics
Market cap	€1.84b
Earnings (TTM)	€119.93m
Revenue (TTM)	€285.05m

13.8x

P/E Ratio

5.8x

P/S Ratio

Is 2TQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2TQ income statement (TTM)
Revenue	US$304.18m
Cost of Revenue	US$27.54m
Gross Profit	US$276.64m
Other Expenses	US$148.67m
Earnings	US$127.98m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	2.36
Gross Margin	90.95%
Net Profit Margin	42.07%
Debt/Equity Ratio	9.6%

How did 2TQ perform over the long term?

See historical performance and comparison

Dividends

10.0%

Current Dividend Yield

103%

Payout Ratio

2TQ Stock Overview

Rewards

Risk Analysis

Brigham Minerals, Inc. Competitors

XTRA:DR0

€189.1m

XTRA:VBK

€1.3b

HMSE:CE2

€1.0b

XTRA:CE2

€1.0b

Price History & Performance

Recent News & Updates

Sitio Royalties Corp. (NYSE:STR) completed the acquisition of Brigham Minerals, Inc. (NYSE:MNRL) from BlackRock, Inc. (NYSE:BLK), Fidelity Management & Research Company LLC, Wellington Management Company LLP and others.

Now 26% undervalued

Upcoming dividend of US$0.81 per share

Third quarter 2022 earnings released: EPS: US$0.71 (vs US$0.31 in 3Q 2021)

Brigham Minerals, Inc. Declares Cash Dividend for the Third Quarter of 2022, Payable on November 25, 2022

Brigham Minerals, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Recent updates

Sitio Royalties Corp. (NYSE:STR) completed the acquisition of Brigham Minerals, Inc. (NYSE:MNRL) from BlackRock, Inc. (NYSE:BLK), Fidelity Management & Research Company LLC, Wellington Management Company LLP and others.

Now 26% undervalued

Upcoming dividend of US$0.81 per share

Third quarter 2022 earnings released: EPS: US$0.71 (vs US$0.31 in 3Q 2021)

Brigham Minerals, Inc. Declares Cash Dividend for the Third Quarter of 2022, Payable on November 25, 2022

Brigham Minerals, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Sitio Royalties Corp. (NYSE:STR) entered into an agreement to acquire Brigham Minerals, Inc. (NYSE:MNRL) for $1.8 billion.

Sitio Royalties Corp. (NYSE:STR) entered into an agreement to acquire Brigham Minerals, Inc. (NYSE:MNRL) for $1.8 billion.

Brigham Minerals, Inc. Provides Operating Guidance for the Full Year of 2023

Upcoming dividend of US$0.77 per share

An unknown buyer acquired Undeveloped Anadarko Basin assets from Brigham Minerals, Inc. (NYSE:MNRL) for $67.3 million.

Second quarter 2022 earnings released: EPS: US$0.80 (vs US$0.26 in 2Q 2021)

Brigham Minerals Reportedly Explores Potential Sale

Brigham Minerals, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Investor sentiment deteriorated over the past week

Chief Financial Officer recently sold €699k worth of stock

Upcoming dividend of US$0.60 per share

First quarter 2022 earnings released: EPS: US$0.64 (vs US$0.20 in 1Q 2021)

Brigham Minerals, Inc. (NYSE:MNRL) completed the acquisition of Certain Mineral and Royalty Interests in the Midland Basin from Echo Minerals AC, LLC.

Brigham Minerals, Inc., Annual General Meeting, May 24, 2022

Brigham Minerals, Inc. Appoints Ivan Gaidarov as Vice President and Chief Accounting Officer

Upcoming dividend of US$0.45 per share

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Brigham Minerals, Inc. Provides Dividend Guidance for the First Quarter of 2022

Brigham Minerals, Inc. Provides Production Guidance for the Year 2022

Brigham Minerals, Inc. (NYSE:MNRL) entered into a definitive agreement to acquire Certain Mineral and Royalty Interests in the Midland Basin from Echo Minerals AC, LLC.

Brigham Minerals, Inc. to Report Q4, 2021 Results on Feb 23, 2022

Brigham Minerals, Inc. (NYSE:MNRL) completed the acquisition of Certain Mineral of DJ Basin in Colorado and Wyoming.

Upcoming dividend of US$0.40 per share

Third quarter 2021 earnings released: EPS US$0.42 (vs US$0.24 loss in 3Q 2020)

Upcoming dividend of US$0.35 per share

Second quarter 2021 earnings released: EPS US$0.26 (vs US$0.12 loss in 2Q 2020)

Independent Director Carrie Clark has left the company

Brigham Minerals, Inc.(NYSE:MNRL) dropped from Russell 2000 Value-Defensive Index

Chief Financial Officer recently sold €412k worth of stock

Independent Director Harold Carter has left the company

Upcoming dividend of US$0.32 per share

First quarter 2021 earnings released: EPS US$0.20 (vs US$0.14 in 1Q 2020)

Brigham Minerals, Inc. Declares Quarterly Cash Dividend for the First Quarter 2021 of Class A Common Stock, Payable on May 28, 2021

Full year 2020 earnings released: US$1.11 loss per share (vs US$0.27 profit in FY 2019)

Revenue misses expectations

Brigham Minerals, Inc. Appoints Jon-Al Duplantier as Director

New 90-day high: €12.30

Brigham Minerals, Inc. to Report Q4, 2020 Results on Feb 24, 2021

New 90-day high: €11.70

New 90-day high: €10.40

New 90-day high: €10.10

Third quarter 2020 earnings released: US$0.24 loss per share

Revenue beats expectations

Founder & Executive Chairman recently bought €165k worth of stock

Brigham Minerals, Inc. Announces Resignation of John A. Holland from the Board of Directors

Brigham Minerals, Inc. has completed a Follow-on Equity Offering in the amount of $35.802914 million.

New 90-day low - €9.10

Brigham Minerals, Inc. to Report Q2, 2020 Results on Aug 12, 2020

Brigham Minerals, Inc.(NYSE:MNRL) dropped from Russell 2500 Growth Index

Brigham Minerals, Inc.(NYSE:MNRL) dropped from Russell 3000 Growth Index

Shareholder Returns

Price Volatility