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Mach Natural Resources LP(MNR)Earnings, Financials & Key Ratios
MNR•NYSE
11.4× P/E·Price updated Jun 19, 2026
AboutMach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.Show more
- Revenue$1.18B+21.2%
- EBITDA$628M+11.8%
- Net Income$286M+54.4%
- EPS (Diluted)1.09-42.6%
- Gross Margin33.35%-2.5%
- EBITDA Margin53.44%-7.8%
- Operating Margin28.53%-4.9%
- Net Margin24.33%+27.4%
- ROE17.94%+15.8%
MNR Key Insights
Mach Natural Resources LP (MNR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 24.1%
- ✓FCF machine: 20.1% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy 5Y average net margin of 35.9%
- ✓Trading at only 0.8x book value
✗Weaknesses
- ✗Shares diluted 34.6% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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MNR Price & Volume
Mach Natural Resources LP (MNR) stock price & volume — 10-year historical chart
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MNR Growth Metrics
Mach Natural Resources LP (MNR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years7.83%
TTM39.09%
Profit CAGR
10 Years-
5 Years-
3 Years-17.9%
TTM-31.78%
EPS CAGR
10 Years-
5 Years-
3 Years-41.48%
TTM-53.75%
Return on Capital
10 Years36.92%
5 Years36.92%
3 Years17.63%
Last Year12.41%
MNR Recent Earnings
Mach Natural Resources LP (MNR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (55%)●Beat Revenue 5/12 qtrs (45%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.74+45.4%
$0.51
Rev
$286M-28.1%
$398M
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$0.43+65.4%
$0.26
Rev
$362M+1.1%
$358M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.44+29.4%
$0.34
Rev
$273M-23.7%
$357M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.76+43.4%
$0.53
Rev
$289M+18.4%
$244M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.74vs $0.51+45.4% | $286Mvs $398M-28.1% |
| Q2 2026 | Mar 12, 2026 | $0.43vs $0.26+65.4% | $362Mvs $358M+1.1% |
| Q4 2025 | Nov 6, 2025 | $0.44vs $0.34+29.4% | $273Mvs $357M-23.7% |
| Q3 2025 | Aug 7, 2025 | $0.76vs $0.53+43.4% | $289Mvs $244M+18.4% |
Based on last 12 quarters of dataView full earnings history →
MNR Peer Comparison
Mach Natural Resources LP (MNR) competitors in U.S. conventional mature field operators — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 VTLE | 693.32M | 17.92 | -3.78 | 26.15% | -69.28% | -74.84% | 0.95 | |
 CIVI | 2.34B | 27.38 | 3.24 | 49.76% | 13.56% | 9.55% | 0.68 | |
 CHRD | 6.98B | 123.12 | 166.38 | -7.12% | -1.25% | -0.83% | 0.19 | |
 SM | 3.12B | 27.14 | 4.81 | 18.07% | 3.45% | 2.49% | 0.48 | |
 MGY | 4.9B | 26.41 | 15.09 | -0.31% | 24.4% | 16.03% | 0.21 | |
 PR | 15.26B | 18.43 | 14.40 | 1.29% | 17.61% | 5.77% | 0.32 | |
 GPOR | 2.9B | 160.71 | 7.48 | 42.53% | 41.91% | 32.67% | 0.43 | |
 CNX | 4.64B | 32.67 | 8.21 | 59.19% | 50.85% | 27.46% | 0.57 |
Compare MNR vs Peers
Mach Natural Resources LP (MNR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MNR Income Statement
Mach Natural Resources LP (MNR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Sales/Revenue | 392.5M | 937.41M | 762.31M | 969.63M | 1.18B | 1.33B |
Revenue Growth % | - | 138.83% | -18.68% | 27.2% | 21.22% | 39.09% |
Cost of Goods Sold | 176.16M | 389.58M | 375.51M | 637.8M | 783.37M | 840.45M |
COGS % of Revenue | 44.88% | 41.56% | 49.26% | 65.78% | 66.65% | - |
Gross Profit | 216.33M▲ 0% | 547.84M▲ 153.2% | 386.8M▼ 29.4% | 331.83M▼ 14.2% | 392.02M▲ 18.1% | 491M▲ 0% |
Gross Margin % | 55.12% | 58.44% | 50.74% | 34.22% | 33.35% | 36.88% |
Gross Profit Growth % | - | 153.24% | -29.4% | -14.21% | 18.14% | - |
Operating Expenses | 60.93M | 25.45M | 27.65M | 40.84M | 56.64M | 210.53M |
OpEx % of Revenue | 15.52% | 2.72% | 3.63% | 4.21% | 4.82% | - |
Selling, General & Admin | 60.93M | 25.45M | 27.65M | 40.84M | 56.64M | 52.67M |
SG&A % of Revenue | 15.52% | 2.72% | 3.63% | 4.21% | 4.82% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 2M |
Operating Income | 155.41M▲ 0% | 522.38M▲ 236.1% | 359.14M▼ 31.2% | 290.99M▼ 19.0% | 335.38M▲ 15.3% | 280.47M▲ 0% |
Operating Margin % | 39.59% | 55.73% | 47.11% | 30.01% | 28.53% | 21.06% |
Operating Income Growth % | - | 236.14% | -31.25% | -18.98% | 15.25% | - |
EBITDA | 196.09M | 610.97M | 496.76M | 561.96M | 628.14M | 698.25M |
EBITDA Margin % | 49.96% | 65.18% | 65.17% | 57.96% | 53.44% | 52.44% |
EBITDA Growth % | - | 211.57% | -18.69% | 13.12% | 11.78% | 28.71% |
D&A (Non-Cash Add-back) | 40.69M | 88.59M | 137.62M | 270.97M | 292.76M | 417.78M |
EBIT | 140.03M | 521.69M | 357.76M | 289.77M | 215.2M | 263.83M |
Net Interest Income | -1.66M | -4.85M | -11.2M | -104.6M | -72.22M | -25.13M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 1.66M | 4.85M | 11.2M | 104.6M | 72.22M | 25.13M |
Other Income/Expense | -17.03M | -5.54M | -12.59M | -105.81M | -192.4M | -188.41M |
Pretax Income | 138.37M▲ 0% | 516.84M▲ 273.5% | 346.56M▼ 32.9% | 185.18M▼ 46.6% | 142.98M▼ 22.8% | 92.06M▲ 0% |
Pretax Margin % | 35.25% | 55.13% | 45.46% | 19.1% | 12.16% | 6.91% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | 138.37M▲ 0% | 516.84M▲ 273.5% | 346.56M▼ 32.9% | 185.18M▼ 46.6% | 285.97M▲ 54.4% | 235.04M▲ 0% |
Net Margin % | 35.25% | 55.13% | 45.46% | 19.1% | 24.33% | 17.65% |
Net Income Growth % | - | 273.51% | -32.95% | -46.57% | 54.43% | -31.78% |
Net Income (Continuing) | 138.37M | 516.84M | 346.56M | 185.18M | 142.98M | 92.06M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 1.46▲ 0% | 5.44▲ 272.6% | 0.72▼ 86.8% | 1.90▲ 163.9% | 1.09▼ 42.6% | 1.40▲ 0% |
EPS Growth % | - | 272.6% | -86.76% | 163.89% | -42.63% | -53.75% |
EPS (Basic) | 1.46 | 5.44 | 0.72 | 1.90 | 1.09 | - |
Diluted Shares Outstanding | 95M | 95M | 94.91M | 97.7M | 131.54M | 168.32M |
Basic Shares Outstanding | 95M | 95M | 95M | 97.59M | 131.46M | 168.32M |
Dividend Payout Ratio | 105.51% | 53.18% | 29.24% | 167.31% | 85.5% | - |
MNR Balance Sheet
Mach Natural Resources LP (MNR) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Total Current Assets | 178.47M | 186.23M | 343.6M | 322.1M | 377.95M | 342.41M |
Cash & Short-Term Investments | 59.27M | 29.42M | 152.79M | 105.78M | 42.63M | 52.69M |
Cash Only | 59.27M | 29.42M | 152.79M | 105.78M | 42.63M | 52.69M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 93.88M | 129.77M | 132.21M | 171.55M | 230.42M | 229.27M |
Days Sales Outstanding | 87.3 | 50.53 | 63.3 | 64.58 | 71.55 | 56.2 |
Inventory | 4.94M | 24.7M | 31.38M | 24.3M | 43.51M | 42.46M |
Days Inventory Outstanding | 10.24 | 23.14 | 30.5 | 13.91 | 20.27 | 17.5 |
Other Current Assets | 20.38M | 2.35M | 27.23M | 20.47M | 61.39M | 18M |
Total Non-Current Assets | 346.9M | 701.21M | 1.96B | 2.02B | 3.4B | 3.35B |
Property, Plant & Equipment | 343.18M | 698.16M | 1.94B | 2.01B | 3.35B | 3.32B |
Fixed Asset Turnover | 1.14x | 1.34x | 0.39x | 0.48x | 0.35x | 0.44x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 0 | 15.11M | 640K | 12.49M | 24.92M |
Other Non-Current Assets | 3.72M | 3.05M | 7.1M | 9.49M | 34M | 30.4M |
Total Assets | 525.38M▲ 0% | 887.44M▲ 68.9% | 2.3B▲ 159.7% | 2.34B▲ 1.5% | 3.78B▲ 61.5% | 3.69B▲ 0% |
Asset Turnover | 0.75x | 1.06x | 0.33x | 0.41x | 0.31x | 0.39x |
Asset Growth % | - | 68.91% | 159.68% | 1.46% | 61.55% | 192.87% |
Total Current Liabilities | 129.44M | 153.06M | 274.91M | 352.42M | 359.92M | 411.38M |
Accounts Payable | 7.58M | 19.43M | 44.58M | 52.44M | 69.62M | 84.94M |
Days Payables Outstanding | 15.71 | 18.2 | 43.33 | 30.01 | 32.44 | 31.4 |
Short-Term Debt | 0 | 0 | 61.88M | 82.5M | 6.91M | 7.49M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 45.6M | 10.98M | 0 | 6.38M | 274.15M | 310.48M |
Current Ratio | 1.38x | 1.22x | 1.25x | 0.91x | 1.05x | 0.83x |
Quick Ratio | 1.34x | 1.06x | 1.14x | 0.84x | 0.93x | 0.73x |
Cash Conversion Cycle | 81.84 | 55.47 | 50.47 | 48.47 | 59.39 | 42.31 |
Total Non-Current Liabilities | 117.24M | 141.57M | 837.88M | 786.75M | 1.43B | 1.43B |
Long-Term Debt | 85.8M | 84.9M | 745.14M | 668.78M | 1.14B | 1.13B |
Capital Lease Obligations | 0 | 4.04M | 6.71M | 9.3M | 12.64M | 49.88M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 31.44M | 52.63M | 86.04M | 108.67M | 271.3M | 286.33M |
Total Liabilities | 246.68M | 294.21M | 1.11B | 1.14B | 1.79B | 1.84B |
Total Debt | 85.8M | 99.71M | 824.49M | 766.17M | 1.16B | 1.15B |
Net Debt | 26.53M | 70.29M | 671.69M | 660.39M | 1.12B | 1.1B |
Debt / Equity | 0.31x | 0.17x | 0.69x | 0.64x | 0.58x | 0.62x |
Debt / EBITDA | 0.44x | 0.16x | 1.66x | 1.36x | 1.85x | 1.65x |
Net Debt / EBITDA | 0.14x | 0.12x | 1.35x | 1.18x | 1.78x | 1.58x |
Interest Coverage | 84.56x | 107.52x | 31.94x | 2.77x | 2.98x | 10.50x |
Total Equity | 278.7M▲ 0% | 593.23M▲ 112.9% | 1.19B▲ 100.9% | 1.2B▲ 0.6% | 1.99B▲ 65.9% | 1.85B▲ 0% |
Equity Growth % | - | 112.86% | 100.89% | 0.61% | 65.91% | 183.95% |
Book Value per Share | 2.93 | 6.24 | 12.56 | 12.27 | 15.12 | 10.98 |
Total Shareholders' Equity | 278.7M | 593.23M | 1.19B | 1.2B | 1.99B | 1.85B |
Common Stock | 278.7M | 593.23M | 1.19B | 1.2B | 0 | 0 |
Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
MNR Cash Flow Statement
Mach Natural Resources LP (MNR) cash flow — operating, investing & free cash flow history
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Cash from Operations | 198.46M | 553.54M | 491.74M | 505.29M | 506.96M | 534.75M |
Operating CF Margin % | 50.56% | 59.05% | 64.51% | 52.11% | 43.13% | - |
Operating CF Growth % | - | 178.92% | -11.16% | 2.76% | 0.33% | 22.44% |
Net Income | 138.37M | 516.84M | 346.56M | 185.18M | 142.98M | 235.04M |
Depreciation & Amortization | 40.69M | 88.59M | 137.62M | 270.97M | 292.76M | 327.35M |
Stock-Based Compensation | 45.3M | 7.53M | 3.44M | 6.53M | 9.39M | 10.83M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 15.21M | -40.01M | -49.7M | 44.22M | 85.31M | 136.52M |
Working Capital Changes | -41.11M | -19.4M | 53.82M | -1.61M | -23.49M | -32.01M |
Change in Receivables | -74.46M | -33.77M | 15.63M | -46.87M | -7.9M | -20.95M |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 8.97M | 12.18M | 5.73M | 3.33M | 5.95M | 1.48M |
Cash from Investing | -194.74M | -372.66M | -1.03B | -306.32M | -899.16M | -882.13M |
Capital Expenditures | -41.01M | -243.03M | -314.8M | -220.32M | -270.55M | -440.32M |
CapEx % of Revenue | 10.45% | 25.92% | 41.3% | 22.72% | 23.02% | 33.07% |
Acquisitions | 0 | 0 | 39.15M | 0 | 0 | 1.7M |
Investments | - | - | - | - | - | - |
Other Investing | -153.74M | -129.63M | -751.51M | -86M | -628.62M | -443.5M |
Cash from Financing | -4.58M | -210.74M | 658.79M | -245.99M | 329.06M | 392.27M |
Debt Issued (Net) | 42.1M | -900K | 644M | -61.88M | 386.88M | 679.23M |
Equity Issued (Net) | 101.46M | 65M | 122.2M | 128.85M | 221.06M | -506K |
Dividends Paid | -146M | -274.84M | -101.35M | -309.83M | -244.5M | -185.31M |
Share Repurchases | 0 | 0 | -66.26M | 0 | 0 | -12K |
Other Financing | -2.15M | 0 | -6.06M | -3.14M | -34.38M | -101.14M |
Net Change in Cash | -865K▲ 0% | -29.86M▼ 3351.4% | 123.38M▲ 513.2% | -47.02M▼ 138.1% | -63.14M▼ 34.3% | 44.9M▲ 0% |
Free Cash Flow | 157.45M▲ 0% | 310.52M▲ 97.2% | 176.94M▼ 43.0% | 284.98M▲ 61.1% | 236.41M▼ 17.0% | 96.84M▲ 0% |
FCF Margin % | 40.12% | 33.12% | 23.21% | 29.39% | 20.11% | 7.27% |
FCF Growth % | - | 97.21% | -43.02% | 61.06% | -17.04% | -66.16% |
FCF per Share | 1.66 | 3.27 | 1.86 | 2.92 | 1.80 | 0.58 |
FCF Conversion (FCF/Net Income) | 1.43x | 1.07x | 1.42x | 2.73x | 1.77x | 0.41x |
Interest Paid | 1.15M | 4.34M | 8.37M | 97.93M | 0 | 11.86M |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
MNR Key Ratios
Mach Natural Resources LP (MNR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
Return on Equity (ROE) | 118.55% | 38.83% | 15.49% | 17.94% | 13.1% |
Return on Invested Capital (ROIC) | 80.89% | 21.32% | 11.72% | 10.12% | 7.6% |
Gross Margin | 58.44% | 50.74% | 34.22% | 33.35% | 36.88% |
Net Margin | 55.13% | 45.46% | 19.1% | 24.33% | 17.65% |
Debt / Equity | 0.17x | 0.69x | 0.64x | 0.58x | 0.62x |
Interest Coverage | 107.52x | 31.94x | 2.77x | 2.98x | 10.50x |
FCF Conversion | 1.07x | 1.42x | 2.73x | 1.77x | 0.41x |
Revenue Growth | 138.83% | -18.68% | 27.2% | 21.22% | 39.09% |
Related:MNR Dividend History·MNR Revenue History·MNR Price History·MNR P/E History·MNR Financial Ratios·MNR Institutional Holders
MNR SEC Filings & Documents
Mach Natural Resources LP (MNR) SEC filings — annual & quarterly reports (10-K, 10-Q)
MNR Frequently Asked Questions
Mach Natural Resources LP (MNR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Mach Natural Resources LP (MNR) reported $1.33B in revenue for fiscal year 2025. This represents a 239% increase from $392.5M in 2021.
Mach Natural Resources LP (MNR) grew revenue by 21.2% over the past year. This is strong growth.
Yes, Mach Natural Resources LP (MNR) is profitable, generating $235.0M in net income for fiscal year 2025 (24.3% net margin).
Dividend & Returns
Yes, Mach Natural Resources LP (MNR) pays a dividend with a yield of 14.93%. This makes it attractive for income-focused investors.
Mach Natural Resources LP (MNR) has a return on equity (ROE) of 17.9%. This is reasonable for most industries.
Mach Natural Resources LP (MNR) generated $96.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.