MACH NATURAL RESOURCES LP MNR
Mach Natural Resources LP (either individually or together with its consolidated subsidiaries, as the context requires, the "Company" or "Mach") is an independent upstream oil and gas company focused on the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas; the San Juan Basin region of New Mexico and Colorado; and the Permian Basin region of West Texas.
Within our operating areas, our assets are prospective for multiple formations, most notably the Oswego, Woodford and Mississippian, Mancos and Fruitland formations. Our experience across these formations allows us to generate significant cash available for distribution from these low declining assets in a variety of commodity price environments. We also own an extensive portfolio of complementary midstream assets that are integrated with our upstream operations. These assets include gathering systems, processing plants and water infrastructure. Our midstream assets enhance the value of our properties by allowing us to optimize pricing, increase flow assurance and eliminate third-party costs and inefficiencies. In addition, our owned midstream systems generate third-party revenue.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.18B | $969.6M | $762.3M | $937.4M | $392.5M | — |
| Total operating expenses | $930.4M | $678.6M | $403.2M | $415.0M | $237.1M | — |
| Operating income | $244.9M | $291.0M | $359.1M | $522.4M | $155.4M | — |
| Interest expense | $72.2M | $104.6M | $11.2M | $4.9M | $1.7M | — |
| Net income | $143.0M | $185.2M | $68.5M | $516.8M | $138.4M | — |
| EPS, basic | 1.09 | 1.90 | 0.72 | — | — | — |
| EPS, diluted | 1.09 | 1.90 | 0.72 | — | — | — |
| Shares, diluted (wtd. avg.) | 131.5M | 97.7M | 94.9M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $42.6M | $105.8M | $152.8M | $29.4M | $59.3M | $60.1M |
| Inventory | $43.5M | $24.3M | $31.4M | $24.7M | — | — |
| Total current assets | $378.0M | $322.1M | $343.6M | $186.7M | — | — |
| Property, plant and equipment | $194.8M | $91.8M | $89.7M | $72.9M | — | — |
| Total assets | $3.78B | $2.34B | $2.30B | $887.9M | — | — |
| Short-term debt | $0 | $82.5M | $61.9M | $0 | — | — |
| Total current liabilities | $359.9M | $352.4M | $274.9M | $153.1M | — | — |
| Long-term debt | $1.14B | $668.8M | $745.1M | $84.9M | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $507.0M | $505.3M | $491.7M | $553.5M | $198.5M | — |
| Depreciation and amortisation | $292.8M | $271.0M | $137.6M | $88.6M | $40.7M | — |
| Stock-based compensation | $9.4M | $6.5M | $3.4M | $7.5M | $45.3M | — |
| Investing cash flow | -$899.2M | -$306.3M | -$1.03B | -$372.7M | -$194.7M | — |
| Financing cash flow | $329.1M | -$246.0M | $658.8M | -$210.7M | -$4.6M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-017249.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $392.5M | $937.4M | $762.3M | $969.6M | $1.18B |
| Gross profit | — | — | — | — | — | — |
| Net income | — | $138.4M | $516.8M | $68.5M | $185.2M | $143.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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