Mach Natural Resources LP cash flow statement

In fiscal 2025, Mach Natural Resources LP's operations generated $507m of cash; it spent $262m on capital projects, leaving free cash flow of $245m.

Cash flow statement

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

Mach Natural Resources LP: cash flow statement, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	198	554	492	505	507	558
Depreciation and amortisation	41	89	138	271	293	285
Stock-based pay	45	8	3	7	9	12
Capital spending	38	234	302	209	262	298
Free cash flow	161	320	189	296	245	260
Free cash flow after stock pay	115	312	186	289	235	248

US$ millions unless shown otherwise. Fiscal quarters.

Mach Natural Resources LP: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	111	134	143	130	106	129	170	154
Depreciation and amortisation	2	70	64	62	3	97	98	88
Stock-based pay	1	2	2	2	2	3	4	3
Capital spending	46	47	50	60	531	−379	55	91
Free cash flow	65	87	92	70	−425	508	115	63
Free cash flow after stock pay	64	85	90	68	−427	504	111	60

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Mach Natural Resources LP's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Mach Natural Resources LP.