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Mach Natural Resources LP (MNR) stock

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NYSE: MNR NYSE Oil & Gas Exploration & Production Next results ~November 5, 2026

C Fundamentals grade

Mach Natural Resources LP is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$11

Valuation models combined (2)

Base case. Range ~$9.9–$12. Weighted average of 2 models (proved-reserve net asset value, forward price-to-earnings vs peers), the proved-reserve net asset value counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Mach Natural Resources LP valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders4 buying, 1 selling16 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds47 adding, 21 cuttingOf 5 active managers that changed their stake, 5 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Mach Natural Resources files

Where Mach Natural Resources LP stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.35bn, up 34.4% on a year earlier, faster than the 29.0% growth a quarter earlier. That growth ranks 5 of 25 among the oil & gas exploration & production companies we cover. Free-cash-flow margin fell to 19.3% from 31.2% a year earlier. Operating margin narrowed to 14.4% from 31.4%. The diluted share count is up 46.5% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 4 financial-health checks. Our valuation models combined value is $9.59 a share, against a share price of $10.65.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Mach Natural Resources LP's trailing-twelve-month revenue grew 34.4% year on year, with a free-cash-flow margin of 19.3%. Where it stands out: revenue growth of 34.4% ranks 7 of 57 oil & gas exploration & production companies we cover. Where it lags: change in share count of 46.5% ranks 48 of 48 oil & gas exploration & production companies we cover.

Our discounted-cash-flow model values the business at ~$60 per share in the base case (~$43–$81 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 17.1% while net income fell 52.0%: a 35pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 34.4% over the last 12 months, against a median of 10.6% for oil & gas exploration & production companies we cover.
  • Growth speeding up. The growth rate is 5.5 points higher than a quarter earlier.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Margins narrowing. Operating margin is down 17.0 points on a year ago.
  • Share dilution. Diluted shares rose 46.5% in a year.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 31.8% ranks 34 of 43 oil & gas exploration & production companies we cover (median 17.6%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.58 against an average estimate of $0.38: beat by 53.4%
Revenue
$406m, up 40.7% on a year earlier
Share reaction
-2.0% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.31

Mach Natural Resources' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.3%
  • 1 week-2.1%
  • 1 month+0.6%
  • This year+4.9%
  • 1 year-1.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.4B
Operating margin
14.4%
Net margin
7.4%
EPS (TTM, diluted)
$0.64

Growth

Revenue growth
+34.4%
Change in growth rate
+5.5 pts
Share count change
+46.5%

Cash

Free cash flow (TTM)
$260M
FCF margin
19.3%
Stock pay % of revenue
0.9%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Mach Natural Resources LP valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Our value per share comes from a discounted-cash-flow model of Mach Natural Resources LP's free cash flow after stock-based pay ( $407M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Mach Natural Resources LP as an oil and gas producer, with every model that fits that kind of business. Cost of equity 7.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.59 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. ~$12 Primary model, counts double
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$60 ~$43–$81 Left out: out of range vs price (5.78x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$9.9 ~$7.7–$16 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (proved-reserve net asset value) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$11 ~$9.9–$12 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mach Natural Resources LP with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202320242025Now
Share price$10.83$13.37$9.87$10.35
Market value$1.0bn$1.3bn$1.3bn$1.6bn
+ Net debt (− = net cash)$654m$646m$1.1bn$1.1bn
Enterprise value$1.7bn$2.0bn$2.4bn$2.8bn
Multiples
Price / sales 1.3x1.3x1.1x1.2x
Price / earnings 15.0x7.1x9.1x16.3x
Price / free cash flow 5.4x4.4x5.3x6.3x
EV / EBITDA 3.4x3.5x4.5x5.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $347m and EPS of $0.31 (range $0.16 to $0.38) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.31 +7% $1.4bn +23%
Next $1.34 +2% $1.4bn −2%

Next year's EPS estimate has moved −4.9% in 90 days, across 6 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.38 $0.58 +53.4%
Mar 2026 $0.47 −$0.21 −144.9%
Dec 2025 $0.27 $0.50 +85.2%
Sept 2025 $0.32 −$0.28 −186.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026

No numeric guidance in Mach Natural Resources LP's latest earnings release (filed August 6, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Mach Natural Resources LP's revenue by +8.2% next year and +8.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.6%, weight 65%) and the company's own record (+13.0%, weight 35%) . How the weights are set.

Analyst recommendations

9 analysts, Oct 2026
Buy778%
Hold222%
Sell00%

Monthly trend

  1. Oct 2026729
  2. Sep 2026729
  3. Aug 2026628
  4. Jul 2026628

Counts of recommendations published by analysts covering Mach Natural Resources LP, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.1%
of tradable shares
Days to cover
0.69
at average volume
Short interest, 1 month
+64%
to September 30, 2026
Held by institutions
61%
of shares
Held by insiders
22.9%
of shares
Employees
840
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −1.3%

$10.49 on October 31, 2025 to $10.35

ThenNowEffect
Revenue (last 12 months) $1.0bn $1.4bn +34.4%
Net margin 20.8% 7.4% −64.3%
P/E multiple 5.4x 16.3x +201.2%
Share count 108m 158m −31.8%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202420252026 to date
Return
MNR+23%−26%+5%
Industry peers (median)+1%−15%+18%
S&P 500+25%+18%+11%
Months that ended higher
MNR75%50%55%
S&P 50075%75%46%
Largest fall from a high during the year
MNR−23%−31%−26%
S&P 500−8%−19%−9%

Worst fall since October 25, 2023: 35% from August 19, 2024 to January 12, 2026. Getting back needed a 53% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$9.65 – $13.87
From 52-week high
−25.4%
vs 50-day average
−8.0%
vs 200-day average
−14.4%
Volatility (1 year)
29%
Beta vs S&P 500
-0.13

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±2.9%
After a week
7 up, 5 down
typical move ±4.2%
After a month
4 up, 8 down
typical move ±6.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −2.0% +0.5% −1.8% −2.2%
May 7, 2026 +2.7% +0.5% +6.9% +6.7%
March 12, 2026 +2.2% −2.1% +4.6% −4.7%
November 6, 2025 −3.2% −1.0% −0.5% +4.8%
August 7, 2025 −1.8% +0.7% −1.7% −3.8%
May 8, 2025 +4.9% +0.6% +5.1% +6.6%
March 13, 2025 +0.6% +0.7% +4.0% −9.6%
February 5, 2025 −9.3% +0.8% −8.8% −17.1%
November 12, 2024 −0.9% −0.3% −0.9% −3.4%
August 13, 2024 +5.6% +2.0% +11.1% −6.0%
May 14, 2024 −1.0% +1.7% +1.7% −0.8%
April 1, 2024 +0.6% −0.8% +3.0% +7.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Mach Natural Resources LP in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Mach Natural Resources LP
$600M $800M $1B $1.2B $1.4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $772.7M Revenue (TTM), FY23 Q4: $762.3M Revenue (TTM), FY24 Q1: $809.3M Revenue (TTM), FY24 Q2: $882.4M Revenue (TTM), FY24 Q3: $962.5M Revenue (TTM), FY24 Q4: $969.6M Revenue (TTM), FY25 Q1: $957.2M Revenue (TTM), FY25 Q2: $1B Revenue (TTM), FY25 Q3: $1B Revenue (TTM), FY25 Q4: $1.2B Revenue (TTM), FY26 Q1: $1.2B Revenue (TTM), FY26 Q2: $1.4B $1.4B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $772.7M
FY23 Q4 $762.3M
FY24 Q1 $809.3M
FY24 Q2 $882.4M
FY24 Q3 $962.5M
FY24 Q4 $969.6M
FY25 Q1 $957.2M
FY25 Q2 $1B
FY25 Q3 $1B
FY25 Q4 $1.2B
FY26 Q1 $1.2B
FY26 Q2 $1.4B
Revenue growth, TTM YoY Mach Natural Resources LP
-10% 0% 10% 20% 30% 40% FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue growth, TTM YoY, FY24 Q2: -1.2% Revenue growth, TTM YoY, FY24 Q3: 24.6% Revenue growth, TTM YoY, FY24 Q4: 27.2% Revenue growth, TTM YoY, FY25 Q1: 18.3% Revenue growth, TTM YoY, FY25 Q2: 14.0% Revenue growth, TTM YoY, FY25 Q3: 6.3% Revenue growth, TTM YoY, FY25 Q4: 21.2% Revenue growth, TTM YoY, FY26 Q1: 29.0% Revenue growth, TTM YoY, FY26 Q2: 34.4% 34.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 -1.2%
FY24 Q3 24.6%
FY24 Q4 27.2%
FY25 Q1 18.3%
FY25 Q2 14.0%
FY25 Q3 6.3%
FY25 Q4 21.2%
FY26 Q1 29.0%
FY26 Q2 34.4%
Operating margin (TTM) Mach Natural Resources LP
0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 49.4% Operating margin (TTM), FY23 Q4: 47.1% Operating margin (TTM), FY24 Q1: 41.1% Operating margin (TTM), FY24 Q2: 36.6% Operating margin (TTM), FY24 Q3: 34.7% Operating margin (TTM), FY24 Q4: 30.0% Operating margin (TTM), FY25 Q1: 28.8% Operating margin (TTM), FY25 Q2: 31.4% Operating margin (TTM), FY25 Q3: 19.8% Operating margin (TTM), FY25 Q4: 20.8% Operating margin (TTM), FY26 Q1: 14.9% Operating margin (TTM), FY26 Q2: 14.4% 14.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 49.4%
FY23 Q4 47.1%
FY24 Q1 41.1%
FY24 Q2 36.6%
FY24 Q3 34.7%
FY24 Q4 30.0%
FY25 Q1 28.8%
FY25 Q2 31.4%
FY25 Q3 19.8%
FY25 Q4 20.8%
FY26 Q1 14.9%
FY26 Q2 14.4%
FCF margin (TTM) Mach Natural Resources LP
-20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 27.5% FCF margin (TTM), FY23 Q4: 24.8% FCF margin (TTM), FY24 Q1: 26.7% FCF margin (TTM), FY24 Q2: 27.3% FCF margin (TTM), FY24 Q3: 27.9% FCF margin (TTM), FY24 Q4: 30.5% FCF margin (TTM), FY25 Q1: 30.7% FCF margin (TTM), FY25 Q2: 31.2% FCF margin (TTM), FY25 Q3: -17.2% FCF margin (TTM), FY25 Q4: 20.8% FCF margin (TTM), FY26 Q1: 21.7% FCF margin (TTM), FY26 Q2: 19.3% 19.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 27.5%
FY23 Q4 24.8%
FY24 Q1 26.7%
FY24 Q2 27.3%
FY24 Q3 27.9%
FY24 Q4 30.5%
FY25 Q1 30.7%
FY25 Q2 31.2%
FY25 Q3 -17.2%
FY25 Q4 20.8%
FY26 Q1 21.7%
FY26 Q2 19.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Mach Natural Resources took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.2B
  2. Other operating costs $930M · 79.2%
  3. Operating income $245M · 20.8%
  4. Interest and other $102M · 8.7%
  5. Net income $143M · 12.2%

Shares of revenue. Source: Mach Natural Resources's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 392 937 762 970 1,175 1,352
EBITDA 196 611 497 562 538 480
Operating income 155 522 359 291 245 195
Net income 138 517 69 185 143 101
Diluted EPS — — $0.72 $1.90 $1.09 $0.64
Growth (year on year)
Revenue — +138.8% −18.7% +27.2% +21.2% +34.4%
EBITDA — +211.6% −18.7% +13.1% −4.3% −6.7%
Operating income — +236.1% −31.2% −19.0% −15.8% −38.4%
Net income — +273.5% −86.7% +170.3% −22.8% −52.0%
Diluted EPS — — — +163.9% −42.6% −67.2%
Margins
EBITDA margin 50.0% 65.2% 65.2% 58.0% 45.7% 35.5%
Operating margin 39.6% 55.7% 47.1% 30.0% 20.8% 14.4%
Net margin 35.3% 55.1% 9.0% 19.1% 12.2% 7.4%
Free-cash-flow margin 40.9% 34.1% 24.8% 30.5% 20.8% 19.3%
Cash flow
Cash from operations 198 554 492 505 507 558
Capital spending 38 234 302 209 262 298
Free cash flow 161 320 189 296 245 260
Stock-based pay 45 8 3 7 9 12
Free cash flow after stock pay 115 312 186 289 235 248
Balance sheet
Cash 59 29 153 106 43 41
Total debt 0 85 807 751 1,144 1,170
Net debt (negative = net cash) −59 55 654 646 1,101 1,129
Diluted shares — — 95m 98m 132m 158m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 4 checks passed · June 30, 2026
What it owns · $3.7bn
Short-term assets $317mLonger-term assets $3.4bn
What it owes, and who funded it · $362m
Short-term liabilities $362m
  • Short-term assets cover short-term liabilities $317m of assets due within a year against $362m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $41m of cash against $1.2bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $558m of operating cash flow against $1.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of $195m against $91m of interest.

From Mach Natural Resources LP's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+46.5%
year over year

Competitors: side by side with peers

Closest by revenue in oil & gas exploration & production
Last 12 months unless stated MNR VET MGY GPOR KOS NOG Median
Revenue, last 12 months $1.4bn $1.3bn $1.5bn $1.5bn $1.7bn $1.9bn $1.4bn
Revenue growth, last 12 months 34.4% 11.9% 11.4% 35.2% 20.9% −25.6% 10.6%
Revenue growth, 3-year average 14.8% — 1.4% −11.4% −0.4% −4.8% 1.4%
Revenue growth, latest quarter 40.7% — 50.1% −27.8% 31.9% 5.4% 31.5%
Gross margin — — — 76.3% — 74.2% 75.2%
Operating margin 14.4% — 38.0% 45.0% — −24.1% 21.1%
Operating margin, 3-year average 27.5% — 39.2% 25.2% — 17.4% 16.5%
Net margin 7.4% −37.0% 28.8% 32.3% −27.4% −25.4% 10.1%
Cash from operations / revenue 41.3% 62.6% 70.1% 54.4% 28.6% 72.0% 42.4%
Free-cash-flow margin 19.3% 26.1% 36.9% 16.2% 28.6% 75.7% 19.3%
Free-cash-flow margin, 3-year average 25.9% 5.6% 34.2% 17.2% 28.0% 66.7% 19.1%
Stock pay / revenue 0.9% — 2.4% 0.7% 1.5% 0.8% 1.5%
Change in share count 46.5% −2.7% −2.5% 4.7% 15.1% 0.9% 0.4%

Median of all 57 companies we cover in oil & gas exploration & production. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 oil & gas exploration & production companies
Measure Company Peer median Rank
Revenue growth Growth 34.4% 10.6% 7 of 57
Change in growth rate Growth +5.5pp +4.9pp 28 of 57
Operating margin Profitability 14.4% 19.9% 24 of 42
Net margin Profitability 7.4% 10.1% 35 of 57
Free-cash-flow margin Cash generation 19.3% 23.2% 28 of 51
Stock pay as % of revenue Cash generation 0.9% 1.2% 15 of 47
Long-term debt as % of assets Balance sheet 31.8% 17.6% 34 of 43
Change in share count Balance sheet 46.5% 0.4% 48 of 48

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Oil Gas and Natural Gas Liquids Gross $1B ▲ 9.7%
Oil Gas and Natural Gas Liquids Net $1B ▲ 10.8%
Oil Reserves $490M ▼ 11.5%
Natural Gas Reserves $379M ▲ 80.4%
Natural Gas Liquids Reserves $171M ▼ 7.1%
Oil and Natural Gas Derivatives Gain Loss $81.3M —
Products $28.9M ▲ 5.6%
Natural Gas Midstream $27.6M ▲ 13.2%
Natural Gas Gathering Transportation Marketing and Processing -$3.2M —

These categories overlap or exclude eliminations, so shares aren't shown.

From Mach Natural Resources LP's 10-K filed March 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$327M
Institutions reporting
67
Shares held vs prior quarter
▼ 9.9%
Positions opened / closed
16 / 10

Top buyers and sellers, Q2 2026: 47 institutions bought and 21 sold ; the biggest buyer was Morgan Stanley (+762K shares) and the biggest seller Kayne Anderson Capital Advisors LP (−3.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Kayne Anderson Capital Advisors LP $196M 15.5M 59.9% ▼ 18.2%
American Century Companies Inc $31.1M 2.5M 9.5% ▲ 4.1%
Morgan Stanley $24.6M 1.9M 7.5% ▲ 64.5%
CIBC Bancorp Usa Inc. $7.2M 573K 2.2% ▲ 34.6%
First Trust Advisors LP $6.2M 494K 1.9% ▼ 0.7%
Raymond James Financial Inc $5.8M 456K 1.8% ▼ 1.1%
Royce & Associates LP $5.7M 449K 1.7% New
Peak6 LLC $4M 316K 1.2% New
Franklin Resources Inc $3.5M 279K 1.1% ▲ 52.7%
HRT Financial LP $3.3M 263K 1.0% ▲ 180.3%
Chicago Partners Investment Group LLC $3.2M 236K 1.0% ▼ 4.4%
Pin Oak Investment Advisors Inc $3.1M 242K 0.9% ▲ 1.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mach Natural Resources LP's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $5.9M 16 trades by 4 insiders, last 12 months Insider sales History → $71.2M 2 trades by 1 insider · 0% under pre-set plans
Net ▼ $65.3M net selling
Insider Date Trade Shares Price Value
Bayou City Energy Management Llc 10% owner September 15, 2026 Buy 22,124 $11.25 $248,895
Bayou City Energy Management Llc 10% owner September 15, 2026 Buy 12,390 $11.30 $140,007
Ward Tom L. See Remarks September 14, 2026 Buy 172,413 $11.60 $2M
Ward Tom L. See Remarks April 13, 2026 Buy 76,628 $13.05 $999,995
Vepu Inc. 10% owner April 8, 2026 Sell 944,805 $12.81 $12.1M
Vepu Inc. 10% owner April 8, 2026 Sell 4,612,874 $12.81 $59.1M
Mcmullen William Wallace Director March 23, 2026 Buy 3,215 $13.63 $43,820
Mcmullen William Wallace Director March 20, 2026 Buy 2,500 $14.00 $35,000
Burn Christopher Director March 20, 2026 Buy 1,000 $13.85 $13,850
Mcmullen William Wallace Director March 19, 2026 Buy 3,570 $14.00 $49,980
Burn Christopher Director March 19, 2026 Buy 1,000 $14.07 $14,070
Bayou City Energy Management Llc 10% owner December 9, 2025 Buy 17,500 $12.32 $215,600

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • March 12, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Mach Natural Resources LP was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mach Natural Resources LP in brief

What does Mach Natural Resources LP do?
Mach Natural Resources LP is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
What is Mach Natural Resources LP's stock ticker?
Mach Natural Resources LP trades under the ticker MNR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mach Natural Resources LP's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mach Natural Resources LP reported revenue of $1.4B, 34.4% higher than a year earlier, according to its SEC filings.
What is Mach Natural Resources LP's free cash flow?
Mach Natural Resources LP's free-cash-flow margin is 19.3% of revenue over the trailing twelve months, ranking 28 of the 51 oil & gas exploration & production companies we cover.
Who are Mach Natural Resources LP's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Kayne Anderson Capital Advisors LP, American Century Companies Inc and Morgan Stanley. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Mach Natural Resources LP's market cap?
On November 2, 2026, Mach Natural Resources LP's market capitalisation was about $1.6B, with a price-to-earnings ratio of 16.3 and net debt of $1.1B. Market figures come from third-party market data and may be delayed.
Who are Mach Natural Resources LP's competitors?
In our Oil & Gas Exploration & Production peer group, the companies closest to Mach Natural Resources LP are Vermilion Energy Inc., Magnolia Oil & Gas Corp, Gulfport Energy Corp, Kosmos Energy Ltd. and Northern OIL & GAS, Inc. The side-by-side comparison below sets their revenue, margins and growth against Mach Natural Resources LP's.
Are insiders buying or selling Mach Natural Resources LP stock?
Over the last 12 months, Mach Natural Resources LP's directors and officers reported 16 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Mach Natural Resources LP's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Mach Natural Resources LP announces its own schedule.