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MNR

Mach Natural Resources LP

MNR

Mach Natural Resources LP • NYSE
$11.82 ▲ 1.55% (+0.18)
Market Cap $1.36 B
52w High $19.00
52w Low $10.93
Dividend Yield 1.94%
P/E 12.57
Volume 83.57K
Outstanding Shares 115.13M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $272.562M ▼ $179.067M ▲ $-35.654M ▼ -13.081% ▼ $-0.28 ▼ $132.494M ▼
Q2-2025 $288.517M ▲ $8.802M ▼ $89.661M ▲ 31.077% ▲ $0.76 ▲ $168.899M ▲
Q1-2025 $226.768M ▼ $10.867M ▲ $15.886M ▼ 7.005% ▼ $0.14 ▼ $97.365M ▼
Q4-2024 $234.943M ▼ $9.707M ▲ $221.696M ▲ 94.362% ▲ $0.34 ▼ $130.869M ▼
Q3-2024 $255.536M $9.385M $67.444M 26.393% $0.7 $159.793M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $53.599M ▲ $3.772B ▲ $1.809B ▲ $1.964B ▲
Q2-2025 $13.777M ▲ $2.334B ▲ $958.47M ▲ $1.376B ▼
Q1-2025 $7.79M ▼ $2.242B ▼ $863.741M ▼ $1.378B ▲
Q4-2024 $105.776M ▼ $2.338B ▲ $1.139B ▲ $1.199B ▼
Q3-2024 $184.533M $2.326B $1.101B $1.225B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-35.654M ▼ $105.547M ▼ $-595.976M ▼ $530.251M ▲ $39.822M ▲ $48.26M ▲
Q2-2025 $89.661M ▲ $130.141M ▼ $-134.381M ▼ $10.227M ▲ $5.987M ▲ $-4.455M ▼
Q1-2025 $15.886M ▼ $142.519M ▲ $-78.01M ▲ $-162.495M ▼ $-97.986M ▼ $91.132M ▲
Q4-2024 $36.517M ▼ $133.661M ▲ $-127.041M ▼ $-85.377M ▼ $-78.757M ▼ $84.964M ▲
Q3-2024 $67.444M $110.847M $-94.014M $23.079M $39.912M $62.701M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Natural Gas
Natural Gas
 $170.00M ▲$90.00M ▼$70.00M ▼$80.00M ▲
Natural Gas Gathering Transportation Marketing and Processing
Natural Gas Gathering Transportation Marketing and Processing
 $0 ▲$0 ▲$0 ▲$0 ▲
Oil
Oil
 $400.00M ▲$120.00M ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Mach Natural Resources has been consistently profitable, with solid operating margins for an upstream energy producer. Revenue and profit have moved around year to year, reflecting swings in oil and gas prices and deal activity, but the business has shown it can generate meaningful earnings through different conditions. There was an especially strong year earlier in the period that looks boosted by unusually favorable market conditions or one‑off items, followed by more normalized, but still healthy, profitability. Overall, the income statement tells a story of a cash‑generating, yield‑oriented producer rather than a high‑growth, high‑risk explorer.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly over the last few years, mainly from acquisitions that increased the asset base. Debt has also risen, but so has equity, suggesting the company is using a mix of borrowing and owner capital to build its portfolio. Leverage appears meaningful but not extreme for this industry, which fits with management’s stated preference for conservative borrowing. Cash on hand is modest, so the company relies on steady cash generation and credit access rather than a large cash buffer. In short, the balance sheet looks built for ongoing acquisitions and distributions, but it does depend on stable operations and financing markets.

Cash Flow

Cash Flow The company’s cash flow profile is a clear strength. Operating cash flow has been consistently strong, which supports its income‑focused strategy. Free cash flow has been positive in most years, with one notable dip when capital spending spiked, likely tied to a major acquisition or a concentrated development push. Since then, spending has normalized and free cash flow has recovered, showing the underlying assets can comfortably fund both reinvestment and payouts in typical years. The main watchpoint is that large new deals or drilling waves can temporarily absorb more cash, even though the core business is a reliable cash engine.

Competitive Edge

Competitive Edge Mach competes by buying mature, producing oil and gas assets and running them more efficiently than previous owners, rather than chasing risky exploration. Its deep knowledge of the Anadarko Basin and growing presence in other key basins give it a technical and operational edge in those areas. Ownership of midstream infrastructure—pipes and processing—helps keep costs low and operations under its own control. The partnership structure and focus on distributions differentiate it from growth‑oriented peers. The trade‑offs are dependence on continued deal flow, exposure to commodity price cycles, and competition from other consolidators all seeking similar assets.

Innovation and R&D

Innovation and R&D The company is not a traditional R&D‑heavy innovator; instead, its “innovation” is in how it applies existing technologies and data to squeeze more value out of mature fields. Management emphasizes disciplined capital allocation, strict cost control, and a data‑driven approach to production optimization. This includes fine‑tuning drilling and completion methods, streamlining field operations, and leveraging owned infrastructure to cut costs. Future innovation is likely to be business‑model focused—creative deal structures, potential drilling partnerships, and a continued shift toward natural gas—rather than breakthroughs in new extraction technologies.

Summary

Mach Natural Resources is a yield‑driven oil and gas partnership built around acquiring and optimizing mature, cash‑flowing assets. Financially, it shows steady profitability, strong operating cash flow, and a balance sheet that supports ongoing acquisitions while keeping leverage in check by industry standards. The strategy offers relatively predictable production but depends on disciplined dealmaking and sustained commodity prices. Its competitive edge comes from basin expertise, cost leadership, integrated infrastructure, and a capital‑light, distribution‑focused model rather than cutting‑edge technology. Overall, the company looks like a cash‑harvesting consolidator in the upstream space, with key sensitivities around energy prices, acquisition execution, and capital discipline.

NEWS

November 6, 2025 · 5:24 PM UTC

Mach Natural Resources LP Reports Third Quarter 2025 Results; Declares Quarterly Cash Distribution of $0.27 Per Common Unit; Provides Recent Well Results and Updated 2026 Outlook

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September 16, 2025 · 4:39 PM UTC

Mach Natural Resources LP Announces Successful Closing of Acquisitions in the Permian Basin and San Juan Basin; Provides Updated Outlook

Read more