MACH NATURAL RESOURCES LP
Business
Mach Natural Resources LP is an independent upstream oil and gas company focused on acquiring, developing and producing oil, natural gas and NGL reserves in the Anadarko Basin, San Juan Basin and Permian Basin regions. The company produces from multiple formations including the Oswego, Woodford, Mississippian, Mancos and Fruitland. Mach owns integrated midstream assets including gathering systems, processing plants and water infrastructure that optimize production economics and generate third-party revenue. The company markets its production at market prices to multiple purchasers across its three primary operating basins.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 1,175 | 970 | 762 | 937 | 392 | |
| Lease operating expense | 264 | 181 | 128 | 96 | — | |
| Production taxes | 49 | 46 | 32 | 48 | 21 | |
| Depreciation, depletion, amortization and accretion oil and natural gas | 280 | 262 | 131 | 84 | 38 | |
| Depreciation and amortization other | 12 | 9 | 6 | 5 | 3 | |
| Impairment of oil and gas properties | 90 | 0 | 0 | — | — | |
| Total operating expenses | 930 | 679 | 403 | 415 | 237 | |
| Income from operations | 245 | 291 | 359 | 522 | 155 | |
| Interest expense | −72 | −105 | −11 | −5 | — | |
| Loss on debt extinguishment | −19 | 0 | 0 | — | — | |
| Other (expense) income, net | −11 | −1 | −1 | −691,000 | 1 | |
| Total other expense | −102 | −106 | −13 | −6 | −17 | |
| Net Income (Loss) Including Income (Loss) Related To Predecessor | 143 | 185 | 347 | — | — | |
| Net Income (Loss) Attributable To Predecessor | — | — | −278 | — | — | |
| Net income | 143 | 185 | 69 | 517 | 138 | |
| Basic (dollars per share) | 1.09 | 1.9 | 0.72 | — | — | |
| Diluted (dollars per share) | 1.09 | 1.9 | 0.72 | — | — | |
| Basic (shares) | 131 | 98 | 95 | — | — | |
| Diluted (shares) | 132 | 98 | 95 | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 43 | 106 | 153 | 29 | |
| Short-term derivative assets | 43 | 14 | 25 | 0 | |
| Inventories | 44 | 24 | 31 | 25 | |
| Other current assets | 19 | 6 | 2 | 2 | |
| Total current assets | 378 | 322 | 344 | 187 | |
| Proved oil and natural gas properties | 4,018 | 2,420 | 2,098 | 750 | |
| Less: accumulated depreciation, depletion, amortization and impairment | −879 | −521 | −266 | −140 | |
| Oil and natural gas properties, net | 3,139 | 1,899 | 1,832 | 610 | |
| Other property, plant and equipment | 230 | 115 | 105 | 82 | |
| Less: accumulated depreciation | −36 | −24 | −16 | −9 | |
| Other property, plant and equipment, net | 195 | 92 | 90 | 73 | |
| Long-term derivative assets | 12 | 640,000 | 15 | 0 | |
| Other assets | 34 | 9 | 7 | 3 | |
| Operating lease assets | 19 | 15 | 17 | 15 | |
| Total assets | 3,777 | 2,338 | 2,305 | 888 | |
| Accrued liabilities | 116 | 53 | 45 | 60 | |
| Revenue payable | 168 | 151 | 110 | 52 | |
| Short-term derivative liabilities | 0 | 6 | 0 | 10 | |
| Current portion of long-term debt | 0 | 83 | 62 | 0 | |
| Current portion of operating lease liabilities | 7 | 6 | 11 | 11 | |
| Total current liabilities | 360 | 352 | 275 | 153 | |
| Long-term debt | 1,144 | 669 | 745 | 85 | |
| Asset retirement obligations | 262 | 102 | 85 | 52 | |
| Long-term derivative liabilities | 3 | 5 | 0 | — | |
| Long-term portion of operating leases | 13 | 9 | 7 | 4 | |
| Other long-term liabilities | 6 | 2 | 943,000 | 269,000 | |
| Total long-term liabilities | 1,428 | 787 | 838 | 142 | |
| Commitments and contingencies (Note 10) | — | — | — | — | |
| Partners capital | 1,989 | 1,199 | 1,192 | 0 | |
| Total liabilities and partners capital | 3,777 | 2,338 | 2,305 | 888 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation, depletion, amortization and accretion | 293 | 271 | 138 | 89 | 41 | |
| (Gain) loss on derivative instruments | −81 | 19 | −57 | 67 | 68 | |
| Cash receipts on settlement of derivative contracts, net | 49 | 17 | 4 | −94 | −59 | |
| Debt issuance costs and discount amortization | 5 | 7 | 2 | 375,000 | 312,000 | |
| Equity based compensation | 9 | 7 | 3 | 8 | 45 | |
| Credit losses | 5 | 2 | 2 | 0 | 0 | |
| Gain on sale of assets | −298,000 | −686,000 | −1,000 | −45,000 | −85,000 | |
| Settlement of asset retirement obligations | −1 | −881,000 | −537,000 | −49,000 | −35,000 | |
| Accounts receivable | −8 | −47 | 16 | −34 | — | |
| Revenue payable | −1 | 40 | 19 | −908,000 | 24 | |
| Accounts payable and accrued liabilities | 6 | 3 | 6 | 12 | 9 | |
| Inventories and other assets | −21 | 2 | 13 | 3 | — | |
| Net cash provided by operating activities | 507 | 505 | 492 | 554 | 198 | |
| Capital expenditures for oil and natural gas properties | −262 | −209 | −302 | −234 | −38 | |
| Capital expenditures for other property and equipment | −8 | −11 | −12 | −9 | −3 | |
| Acquisition of assets | −633 | −126 | −755 | — | — | |
| Cash acquired from the acquisition of businesses | 0 | 0 | 39 | 0 | 0 | |
| Proceeds from sales of oil and natural gas properties | 4 | 39 | 3 | 4 | 599,000 | |
| Proceeds from sales of other property and equipment | 503,000 | 942,000 | 36,000 | 231,000 | 85,000 | |
| Net cash (used in) investing activities | −899 | −306 | −1,027 | −373 | −195 | |
| Proceeds from borrowings on term loan | 450 | 0 | 811 | 0 | — | |
| Repayments of borrowings on term loan | −763 | −62 | 0 | 0 | — | |
| Proceeds from Initial Public Offering and additional public offerings, net of offering costs | 221 | 129 | 168 | 0 | 0 | |
| Purchases of units from exchanging members | 0 | 0 | −66 | 0 | 0 | |
| Payments of debt extinguishment costs | −8 | 0 | 0 | — | — | |
| Proceeds from borrowings on credit facility | 1,104 | 0 | 68 | 0 | 73 | |
| Repayments of borrowings on credit facility | −404 | 0 | −235 | −900,000 | −31 | |
| Debt issuance costs | −25 | −2 | −6 | 0 | −245,000 | |
| Contributions from members | 0 | 0 | 20 | 65 | 101 | |
| Distributions to members | 0 | 0 | −101 | −275 | −146 | |
| Distributions to unitholders | −245 | −310 | 0 | 0 | — | |
| Withholding taxes paid on vesting of phantom units | −2 | −2 | 0 | 0 | — | |
| Net cash provided by (used in) financing activities | 329 | −246 | 659 | −211 | −5 | |
| Net (decrease) increase in cash and cash equivalents | −63 | −47 | 123 | −30 | −865,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MACH NATURAL RESOURCES LP's CIK number?
MACH NATURAL RESOURCES LP's SEC CIK number is 0001980088 (1980088). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MACH NATURAL RESOURCES LP's SEC filings?
All of MACH NATURAL RESOURCES LP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MACH NATURAL RESOURCES LP last report earnings?
MACH NATURAL RESOURCES LP (MNR) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-053364). This is MACH NATURAL RESOURCES LP's most recent earnings filing of record — not a forecast of its next earnings date.
What is MACH NATURAL RESOURCES LP's most recent earnings 8-K?
MACH NATURAL RESOURCES LP's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001213900-26-053364. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MACH NATURAL RESOURCES LP's latest earnings 8-K →
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