Mach Natural Resources LP key statistics and ratios

In fiscal 2025, Mach Natural Resources LP had an operating margin of 20.8% and a current ratio of 1.05. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Mach Natural Resources LP: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
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%
Return on assets	—	58.2%	4.3%	8.0%	4.7%	2.7%
Asset turnover	—	1.06	0.48	0.42	0.38	0.36
Current ratio	—	1.22	1.25	0.91	1.05	0.88
Interest cover (operating income ÷ interest)	93.8x	107.7x	32.1x	2.8x	3.4x	2.1x
Capital spending as % of revenue	9.6%	24.9%	39.7%	21.6%	22.3%	22.0%
Free cash flow ÷ net income	116.1%	61.9%	276.4%	159.8%	171.1%	258.7%

US$ thousands unless shown otherwise. Fiscal quarters.

Mach Natural Resources LP: financial ratios, 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
Operating margin	37.1%	24.9%	22.8%	38.6%	−7.0%	26.1%	−3.4%	30.2%
Net margin	26.4%	15.5%	7.0%	31.1%	−13.1%	18.9%	−12.3%	24.2%
Free-cash-flow margin	25.4%	36.9%	40.7%	24.4%	−156.1%	131.0%	40.2%	15.6%
Current ratio	1.24	0.91	0.69	0.79	1.00	1.05	0.83	0.88

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

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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.