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Mach Natural Resources LP logo

Mach Natural Resources LP

MNR

NYSEEnergyOil & Gas Exploration & Production

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Previous close

$12.71

+$0.10 · +0.79%

Aug 21, 4:00 PM ET

MNR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

72

Undervalued

Momentum

39

Weakening

Sentiment

65

Bullish

Risk resilience

73

Moderate Risk

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Company profile

Company website

Mach Natural Resources LP operates as an independent firm within the upstream oil and gas sector, concentrating its efforts on the acquisition, further development, and eventual production of crude oil, natural gas, and associated liquids. Its core operational territory lies within the Anadarko Basin, spanning across sections of Western Oklahoma, Southern Kansas, and the Texas Panhandle. Founded in 2023, the company maintains its principal office in Oklahoma City, Oklahoma.

Industry
Oil & Gas Exploration & Production
Sector
Energy
Headquarters
US
CEO
Tom L. Ward
Listed since
Oct 25, 2023
Employees
840

Market position

Day range

Current $12.71

52-week range

Current $12.71

Open
$12.61
Previous close
$12.61
Volume
322.17K
0.71× average
Average volume
453.21K
Average daily volume
Market cap
2.12B USD
Beta
-0.45
Market reference 1
50-day average
$12.9618
-1.94% below average
200-day average
$12.738
-0.22% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.57B USD
P/E (TTM)
22.3×
P/B (TTM)
1.15×
P/S (TTM)
1.46×
EV / EBITDA
5.06×
Earnings yield
19.70%
Free cash flow yield
16.29%
Dividend yield
14.16%

Profitability & efficiency

Gross margin
53.24%
Operating margin
20.13%
Net margin
16.81%
Return on equity
14.37%
Return on assets
7.57%
Return on invested capital
9.79%

Financial health

Debt / equity
0.65×
Current ratio
1.05×
Altman Z-score
1.2
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends62%47%31%15%Gross margin, FY2021: 55.12%Gross margin, FY2022: 58.44%Gross margin, FY2023: 50.74%Gross margin, FY2024: 34.22%Gross margin, FY2025: 33.35%Operating margin, FY2021: 39.59%Operating margin, FY2022: 55.73%Operating margin, FY2023: 47.11%Operating margin, FY2024: 30.01%Operating margin, FY2025: 28.53%Net margin, FY2021: 35.25%Net margin, FY2022: 55.13%Net margin, FY2023: 45.46%Net margin, FY2024: 19.10%Net margin, FY2025: 24.33%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 55.12%. Gross margin FY2022 58.44%. Gross margin FY2023 50.74%. Gross margin FY2024 34.22%. Gross margin FY2025 33.35%. Operating margin FY2021 39.59%. Operating margin FY2022 55.73%. Operating margin FY2023 47.11%. Operating margin FY2024 30.01%. Operating margin FY2025 28.53%. Net margin FY2021 35.25%. Net margin FY2022 55.13%. Net margin FY2023 45.46%. Net margin FY2024 19.10%. Net margin FY2025 24.33%.

Income trends

Revenue

1.18B USD+21.22%

Operating income

335.38M USD+15.25%

Net income

285.97M USD+54.43%
Income trends across reported periods1.28B USD864.29M USD449.48M USD34.67M USDRevenue, FY2021: 392.5M USDRevenue, FY2022: 937.41M USDRevenue, FY2023: 762.31M USDRevenue, FY2024: 969.63M USDRevenue, FY2025: 1.18B USDOperating income, FY2021: 155.41M USDOperating income, FY2022: 522.38M USDOperating income, FY2023: 359.14M USDOperating income, FY2024: 290.99M USDOperating income, FY2025: 335.38M USDNet income, FY2021: 138.37M USDNet income, FY2022: 516.84M USDNet income, FY2023: 346.56M USDNet income, FY2024: 185.18M USDNet income, FY2025: 285.97M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 392.5M USD. Revenue FY2022 937.41M USD. Revenue FY2023 762.31M USD. Revenue FY2024 969.63M USD. Revenue FY2025 1.18B USD. Operating income FY2021 155.41M USD. Operating income FY2022 522.38M USD. Operating income FY2023 359.14M USD. Operating income FY2024 290.99M USD. Operating income FY2025 335.38M USD. Net income FY2021 138.37M USD. Net income FY2022 516.84M USD. Net income FY2023 346.56M USD. Net income FY2024 185.18M USD. Net income FY2025 285.97M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.18B USD969.63M USD762.31M USD937.41M USD392.5M USD
Cost of goods sold783.37M USD637.8M USD375.51M USD389.58M USD176.16M USD
Gross profit392.02M USD331.83M USD386.8M USD547.84M USD216.33M USD
Selling, general, and administrative56.64M USD40.84M USD27.65M USD25.45M USD60.93M USD
Operating expenses56.64M USD40.84M USD27.65M USD25.45M USD60.93M USD
Interest expense72.22M USD104.6M USD11.2M USD4.85M USD1.66M USD
Depreciation and amortization292.76M USD270.97M USD137.62M USD88.59M USD40.69M USD
Operating income335.38M USD290.99M USD359.14M USD522.38M USD155.41M USD
Net income285.97M USD185.18M USD346.56M USD516.84M USD138.37M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
+5.96%
11 comparable reports
Latest EPS result
0.58
Estimate 0.36 · Beat by 59.82%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.80.60.390.18Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 13, 2025: actual 0.34, estimate 0.44, surprise -22.73%, Miss. Q2 2025, reported May 8, 2025: actual 0.68, estimate 0.69, surprise -1.45%, Miss. Q3 2025, reported Aug 7, 2025: actual 0.76, estimate 0.53, surprise +43.40%, Beat. Q4 2025, reported Nov 6, 2025: actual 0.44, estimate 0.34, surprise +29.41%, Beat. Q1 2026, reported Mar 12, 2026: actual 0.43, estimate 0.26, surprise +65.38%, Beat. Q2 2026, reported May 7, 2026: actual 0.21, estimate 0.509, surprise -58.74%, Miss. Q3 2026, reported Aug 6, 2026: actual 0.58, estimate 0.363, surprise +59.82%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.29, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates422.24M351.75M281.25M210.76MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 13, 2025: actual 268.63M USD, estimate 240.53M USD, surprise +11.68%, Beat. Q2 2025, reported May 8, 2025: actual 227M USD, estimate 258.94M USD, surprise -12.33%, Miss. Q3 2025, reported Aug 7, 2025: actual 232.94M USD, estimate 236.47M USD, surprise -1.49%, Miss. Q4 2025, reported Nov 6, 2025: actual 272.56M USD, estimate 249.7M USD, surprise +9.16%, Beat. Q1 2026, reported Mar 12, 2026: actual 361.6M USD, estimate 357.68M USD, surprise +1.10%, Beat. Q2 2026, reported May 7, 2026: actual 286M USD, estimate 397.61M USD, surprise -28.07%, Miss. Q3 2026, reported Aug 6, 2026: actual 406M USD, estimate 377.87M USD, surprise +7.45%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 346.6M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$18.67

46.89% upside
Past 12 months12-month forecastHigh $20.00Average $18.67Low $17.00

Rating distribution

15 ratings
Strong buy17%
Buy747%
Hold640%
Sell17%
Strong sell00%

Recent analyst actions

4 institutions
KeybancdowngradeOverweightSector Weight

MNR news

marketbeat.com

Mach Natural Resources Q2 Earnings Call Highlights

Mach Natural Resources NYSE: MNR reported second-quarter production of 149,000 barrels of oil equivalent per day and generated $154 million in operating cash flow, while maintaining its stated focus on limiting…

Read source
seekingalpha.com

Mach Natural Resources LP (MNR) Q2 2026 Earnings Call Transcript

Mach Natural Resources LP (MNR) Q2 2026 Earnings Call Transcript

Read source
zacks.com

Mach Natural Resources LP (MNR) Reports Q2 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Mach Natural Resources LP (MNR) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street…

Read source
zacks.com

Mach Natural Resources LP (MNR) Q2 Earnings and Revenues Beat Estimates

Mach Natural Resources LP (MNR) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.76 per share a year ago.

Read source
businesswire.com

Mach Natural Resources LP Reports Second Quarter 2026 Results; Declares Quarterly Cash Distribution of $0.36 Per Common Unit; Provides Updated 2026 Outlook

OKLAHOMA CITY--(BUSINESS WIRE)--Mach Natural Resources LP Reports Second Quarter 2026 Results; Declares Quarterly Cash Distribution of $0.36 Per Common Unit; Provides Updated Outlook.

Read source
businesswire.com

Mach Natural Resources LP Announces Earnings Release and Conference Call Schedule for Second Quarter 2026

OKLAHOMA CITY--(BUSINESS WIRE)--Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) announced today that it will report second quarter 2026 results on Thursday, August 6, 2026, after the close of trading on…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.94

2025 complete year-39.4% since 2024

2026 partial: $1.53

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 17, 2026

$0.36

Quarterly

Record Aug 17, 2026 · Payment Aug 31, 2026

Dividend

Ex-dividend May 21, 2026

$0.64

Quarterly

Record May 21, 2026 · Payment Jun 4, 2026

Dividend

Ex-dividend Feb 26, 2026

$0.53

Quarterly

Record Feb 26, 2026 · Payment Mar 12, 2026

Dividend

Ex-dividend Nov 20, 2025

$0.27

Quarterly

Record Nov 20, 2025 · Payment Dec 4, 2025

Dividend

Ex-dividend Aug 21, 2025

$0.38

Quarterly

Record Aug 21, 2025 · Payment Sep 4, 2025

Dividend

Ex-dividend May 22, 2025

$0.79

Quarterly

Record May 22, 2025 · Payment Jun 5, 2025

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ETFs holding MNR

Funds reporting this stock among their holdings, ordered by reported position size.

Multi-Asset Diversified Income Index Fund logoMulti-Asset Diversified Income Index FundMDIV
Market value
6.36M
Weight
1.46%
AUM
431.44M USD
Expense ratio
0.83%
Price / 1D
$16.80-0.67%
Invesco Energy Exploration & Production ETF logoInvesco Energy Exploration & Production ETFPXE
Market value
1.86M
Weight
2.21%
AUM
84.8M USD
Expense ratio
0.61%
Price / 1D
$41.34+0.83%
Amplify Energy & Natural Resources Covered Call ETF logoAmplify Energy & Natural Resources Covered Call ETFNDIV
Market value
379.99K
Weight
1.24%
AUM
30.74M USD
Expense ratio
0.59%
Price / 1D
$36.05+0.52%
Virtus U.S. Dividend ETF logoVirtus U.S. Dividend ETFVUS
Market value
83.23K
Weight
0.46%
AUM
18.06M USD
Expense ratio
0.25%
Price / 1D
$30.11330.00%

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