Mach Natural Resources LP

MNR Energy Oil & Gas E&P

Mach Natural Resources LP’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 21.2% from fiscal 2024. In the quarter to June 2026, revenue grew 40.7%, EPS fell 22.4%, free cash flow fell 13.1% and total debt rose 107.1%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

11.03 0.19 +1.75%
Market cap
$1.8B
P/E
18.4×
Fwd P/E
13.1×
Dividend yield
—
F-score
4/9
Altman Z
n/a
Beneish M
−2.26
Dividend safety
n/a

Insider Decisions trades per month

Total buys 6.94
Total sells 71.19
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 4 1 — — 2 1 — — — — 2 —
Sell — — — — — 1 — — — — — —
Insider Ownership 76.88%

Capital & Financial Ratios $m

Market Cap 1,810.00
Revenue 1,351.99
Net Income 100.61
Free Cash Flow 250.20
Net Debt 1,128.80
Current Ratio 0.88 (below 1: weak)
Debt/Equity 0.63
P/E ratio 18.38
Fwd P/E 13.10
P/S ratio 1.37
P/B ratio 1.00
Past 5Y EPS Growth —
This Y EPS Growth 22.85% (at or above 15%: strong)
Next Y EPS Growth (2.07%) (below 0%: weak)
Next Y revenue growth 22.00% (at or above 10%: strong)
Next 5Y EPS Growth 8.86%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2028 Powerpack
2027 Powerpack
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2021 0.72
0.18
0.18
0.18
0.18
2020 0.68
0.17
0.17
0.17
0.17
2019 0.68
0.17
0.17
0.17
0.17
2018 0.68
0.17
0.17
0.17
0.17
2017 0.65
0.16
0.16
0.16
0.17
2016 0.48
0.16
0.16
0.16
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 153 106 43 41
Receivables 132 172 230 215
Inventory 31 24 44 42
Other 27 20 61 18
344 322 378 317
2023 2024 2025 Q'26
Payables 47 54 70 82
ST’ Debt 62 83 — —
Other — 6 — 5
275 352 360 362

Compound Annual Growth %

10y 5y 3y
Sales — — 7.83%
Cash Flow — — (2.89%)
Earnings — — (34.84%)
Book Value — — 49.68%

Revenue $m

Mar Jun Sep Dec Year
’26 286 406 — — —
’25 227 289 273 388 1,175
’24 239 240 256 235 970
’23 192 167 175 228 762
’22 — — 296 — 937
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 170 154 — — —
’25 143 130 106 129 507
’24 144 117 111 134 505
’23 147 128 107 110 492
’22 — — 398 155 554
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 112 59 — — —
’25 94 68 49 30 241
’24 90 86 63 85 325
’23 65 23 37 56 180
’22 — — 234 80 315
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.21) 0.58 — — —
’25 0.14 0.76 (0.28) 0.50 1.09
’24 0.44 0.42 0.70 0.34 1.90
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — — — 14.40 14.46 10.93

Analyst estimates 2026–2028

Powerpack
High — — — — — — — 19.20 21.19 19.00
People
People Employees — — — — — — — 444 505 840
Revenue/emp, $m — — — — — 0.00 0.00 1.72 1.92 1.40
Income, $m
Income, $m Revenue — — — — — 392 937 762 970 1,175
Gross margin, % — — — — — 70.88 72.99 72.98 66.88 62.41
EBT — — — — — 138 517 347 185 143
EBT margin, % — — — — — 35.25 55.13 45.46 19.10 12.16
Net income — — — — — 138 517 347 185 143
Depreciation — — — — — 41 89 140 278 298
Per share, $
Per share, $ Revenue — — — — — 0.00 0.00 8.03 9.94 8.94
Earnings — — — — — — — 0.72 1.90 1.09
Cash flow — — — — — 0.00 0.00 5.18 5.18 3.86
Capex — — — — — 0.00 0.00 (3.28) (1.85) (2.02)
Free cash flow — — — — — 0.00 0.00 1.90 3.33 1.83
Book value — — — — — 0.00 0.00 12.56 12.29 15.13
Shares, m — — — — — — — 95 98 131
Valuation, ×
Valuation, × P/E — — — — — 3.88 3.88 3.88 9.04 9.86
P/S — — — — — 2.10 2.10 1.98 1.73 1.23
P/B — — — — — 2.27 2.27 1.27 1.40 0.73
EV/Sales — — — — — 2.15 2.15 2.84 2.39 2.24
EV/FCF — — — — — 8.70 8.70 12.00 7.14 10.93
Cash, $m
Cash, $m Operating cash flow — — — — — 198 554 492 505 507
Capex — — — — — (40) (239) (311) (180) (266)
Free cash flow — — — — — 158 315 180 325 241
Balance, $m
Balance, $m Working capital — — — — — — 34 69 (30) 18
Total debt — — — — — — 85 807 751 1,144
Net debt — — — — — — 55 654 646 1,101
Shareholders’ equity — — — — — — 593 1,192 1,199 1,989
Returns, %
Returns, % ROA — — — — — 0.00 116.42 4.29 7.98 4.68
ROIC — — — — — 0.00 50.33 12.16 9.86 4.95
ROE — — — — — 0.00 0.00 7.68 15.49 8.97
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Mach Natural Resources LP vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NOG Northern Oil and Gas, Inc. $2.7B — (loss-making) — (loss-making) +5.44% (above 0%: growing) +119.61% (above 0%: growing) −266.95% (below 0%: shrinking) 76.81% 47.31% Compare
BKV BKV Corporation $2.4B 8.3× 12.6× +1.57% (above 0%: growing) −44.72% (below 0%: shrinking) −1,530.03% (below 0%: shrinking) 60.28% 26.13% Compare
KRP Kimbell Royalty $2.1B 19.4× 17.3× +29.96% (above 0%: growing) +1,900.00% (above 0%: growing) −66.72% (below 0%: shrinking) 100.00% 53.06% Compare
VET Vermilion Energy Inc. $1.9B — (loss-making) 21.3× +17.00% (above 0%: growing) n/m +110.78% (above 0%: growing) 67.53% 29.66% Compare
MNR Mach Natural Resources LP $1.8B 18.4× 13.1× +40.70% (above 0%: growing) −22.37% (below 0%: shrinking) −13.11% (below 0%: shrinking) 61.56% 30.17%
KOS Kosmos Energy Ltd. $1.6B — (loss-making) — (loss-making) +56.80% (above 0%: growing) n/m +405.33% (above 0%: growing) 70.40% 47.75% Compare
GFR Greenfire Resources Ltd. $1.6B — (loss-making) — +21.83% (above 0%: growing) −38.00% (below 0%: shrinking) −386.50% (below 0%: shrinking) 93.25% 38.51% Compare
DMLP Dorchester Minerals, L.P. $1.5B 17.3× — +73.10% (above 0%: growing) +148.00% (above 0%: growing) +110.38% (above 0%: growing) 100.00% 55.05% Compare
HPK HighPeak Energy, Inc. $1.3B — (loss-making) — (loss-making) +25.84% (above 0%: growing) +215.79% (above 0%: growing) +41.01% (above 0%: growing) 76.83% 29.46% Compare
Median of peers $1.8B 17.3× 17.3× +23.84% +133.81% −12.85% 76.82% 42.91%

All 73 Oil & Gas E&P stocks →

Mach Natural Resources LP (MNR) key facts

  • Strength: Mach Natural Resources LP’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 21.2% from fiscal 2024.
  • Mach Natural Resources LP (MNR) is an Oil & Gas E&P company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, MNR traded at $11.03, a market capitalization of $1.8 billion.
  • Return on equity was 8.97% and debt-to-equity 0.63.
  • Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Mach Natural Resources LP (MNR) Latest News

stockrow.com/MNR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com