MACH NATURAL RESOURCES LP
MNR · Crude Petroleum & Natural Gas · 168.2M shares · +0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $63M (gross $66M, SBC $3M)
Grade
C67Oklahoma/Anadarko-focused oil & gas LP with solid but mid-pack profitability and strong reserve growth, tempered by commodity and distribution risk.
Strengths
- Operating margin 20.8% (67th), net margin 12.2% (63rd) and OCF margin 43% — consistently profitable
- Total proved reserves more than doubled to ~705 MMBoe with PV-10 of ~$3.1B
Risks
- Metrics cluster in the 55th–67th pct with no standout — average, not above-average
- Variable, non-guaranteed quarterly distributions and full exposure to oil/gas price volatility
- Quick ratio 0.93 and reliance on continued development capital
Notable findings
- Revenue declineRevenue -26.2% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
20.8%
Net margin
12.2%
Return on assets
3.8%
Revenue growth (QoQ)
-26.2%
Net-income growth
-22.8%
Net debt / EBITDA
2.0×
Current ratio
1.1×
EBITDA
$538M
Cash & investments
$43M
Stock comp / revenue
0.8%
Supply chain
Customers (0)
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-22 | 0001213900-26-060586 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001628280-26-032065 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001213900-26-053364 ↗ |
| 8-K | 2026-04-08 | 2026-04-06 | 0001213900-26-041485 ↗ |
| 8-K | 2026-04-06 | 2026-04-06 | 0001213900-26-040477 ↗ |
| 8-K | 2026-03-12 | 2026-03-12 | 0001213900-26-027040 ↗ |
| 10-K | 2026-03-12 | 2025-12-31 | 0001628280-26-017249 ↗ |
| 8-K | 2025-12-17 | 2025-12-15 | 0001213900-25-122784 ↗ |
| 8-K | 2025-12-10 | 2025-12-10 | 0001213900-25-120074 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001628280-25-050305 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001213900-25-107263 ↗ |
| 8-K/A | 2025-09-19 | 2025-09-12 | 0001213900-25-089573 ↗ |