Mach Natural Resources LP Common Units (MNR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 28, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MNR SEC filings page.
Mach Natural Resources LP Common Units (MNR) reported $1.4B in revenue over the twelve months to Jun 30, 2026, up 34.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue is growing, but escalating asset investment and debt have left cash generation nearly flat and margins materially lower.
From FY2024 to FY2025, revenue climbed21.2% while operating cash flow rose just0.3% , showing expansion did not produce proportional cash growth. Combined with the operating-margin decline of 9.2 percentage points, that divergence suggests growth was absorbing more resources rather than simply spreading fixed costs across greater volume.
Revenue rose
Total assets expanded
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Mach Natural Resources LP Common Units's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Mach Natural Resources LP Common Units has an operating margin of 20.8%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is down from 30.0% the prior year.
Mach Natural Resources LP Common Units's revenue surged 21.2% year-over-year to $1.2B, reflecting rapid business expansion. This strong growth earns a score of 88/100.
Mach Natural Resources LP Common Units's current ratio of 1.05 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Mach Natural Resources LP Common Units, so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Mach Natural Resources LP Common Units passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
For every $1 of reported earnings, Mach Natural Resources LP Common Units generates $3.55 in operating cash flow ($507.0M OCF vs $143.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Mach Natural Resources LP Common Units earns $3.39 in operating income for every $1 of interest expense ($244.9M vs $72.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Mach Natural Resources LP Common Units generated $406.0M in revenue in Q2 2026. This represents an increase of 40.7% from the same quarter a year earlier. Against the prior quarter it is up 42.0%.
Mach Natural Resources LP Common Units's EBITDA was $220.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.7% from the same quarter a year earlier. Against the prior quarter it is up 149.5%.
Mach Natural Resources LP Common Units reported $98.2M in net income in Q2 2026. This represents an increase of 9.5% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Mach Natural Resources LP Common Units earned $0.58 per diluted share (EPS) in Q2 2026. This represents a decrease of 23.7% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Mach Natural Resources LP Common Units held $41.2M in cash against $1.2B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Mach Natural Resources LP Common Units's operating margin was 30.2% in Q2 2026, reflecting core business profitability. This is down 8.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 33.6 percentage points.
Mach Natural Resources LP Common Units's net profit margin was 24.2% in Q2 2026, showing the share of revenue converted to profit. This is down 6.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 36.4 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
MNR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $406.0M+40.7% | $285.9M+26.1% | $387.5M+65.0% | $272.6M+6.7% | $288.5M+20.2% | $226.8M-5.2% | $234.9M+3.1% | $255.5M+45.7% |
| Operating Income | $122.5M+10.0% | -$9.7M-118.8% | $101.2M+72.9% | -$19.2M-120.3% | $111.3M+57.9% | $51.7M-23.2% | $58.5M-42.5% | $94.7M+13.1% |
| EBITDA | $220.7M+23.7% | $88.5M-23.2% | $197.7M+54.0% | $46.4M-71.1% | $178.4M+28.8% | $115.3M-14.4% | $128.4M-11.8% | $160.3M+37.3% |
| Interest Expense | $24.5M+101.9% | $24.4M+36.5% | $25.3M+3.2% | $16.9M-36.8% | $12.1M-55.1% | $17.9M-31.9% | $24.5M+357.1% | $26.8M+1203.4% |
| Net Income | $98.2M+9.5% | -$35.0M-320.6% | $73.1M+100.2% | -$35.7M-152.9% | $89.7M+126.9% | $15.9M-61.9% | $36.5M-46.7% | $67.4M-19.2% |
| EPS (Basic) | $0.59-22.4% | -$0.21-250.0% | $0.50+42.9% | -$0.28-140.0% | $0.76+81.0% | $0.14-68.2% | $0.35 | $0.70 |
| EPS (Diluted) | $0.58-23.7% | -$0.21-250.0% | $0.50+42.9% | -$0.28-140.0% | $0.76+81.0% | $0.14-68.2% | $0.35 | $0.70 |
| Diluted Shares (Avg) | 168M+41.9% | 168M+50.0% | N/A | 126M+30.3% | 118M+24.4% | 112M+18.1% | N/A | 97M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Income Tax.
MNR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.7B+57.5% | $3.7B+64.7% | $3.8B+61.5% | $3.8B+62.2% | $2.3B+4.4% | $2.2B-3.2% | $2.3B+1.5% | $2.3B+120.5% |
| Current Assets | $316.7M+51.4% | $342.4M+75.0% | $378.0M+17.3% | $375.1M-1.4% | $209.2M-37.6% | $195.7M-44.7% | $322.1M-6.3% | $380.5M+123.9% |
| Cash & Equivalents | $41.2M+199.0% | $52.7M+576.4% | $42.6M-59.7% | $53.6M-71.0% | $13.8M-90.5% | $7.8M-94.9% | $105.8M-30.8% | $184.5M+214.2% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $42.4M+64.0% | $42.5M+69.2% | $43.5M+79.1% | $49.4M+87.6% | $25.8M-6.0% | $25.1M-20.1% | $24.3M-22.6% | $26.3M+49.1% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Current Liabilities | $361.7M+35.8% | $411.4M+46.0% | $359.9M+2.1% | $375.1M+22.5% | $266.3M-16.7% | $281.9M-20.2% | $352.4M+28.2% | $306.2M+124.8% |
| Non-Current Liabilities | $1.5B+112.4% | $1.4B+146.3% | $1.4B+81.5% | $1.4B+80.3% | $692.1M-13.7% | $581.9M-29.0% | $786.7M-6.1% | $795.3M+424.0% |
| Long-Term Debt | $1.2B+107.1% | $1.1B+146.6% | $1.1B+71.1% | $1.1B+66.4% | $565.0M-20.1% | $460.0M-36.6% | $668.8M-10.2% | $687.7M+648.3% |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill, Total Liabilities, Total Equity, Retained Earnings.
MNR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $153.7M+18.1% | $170.3M+19.5% | $128.7M-3.7% | $105.5M-4.8% | $130.1M+11.4% | $142.5M-1.0% | $133.7M+21.8% | $110.8M+3.8% |
| Depreciation & Amortization | $98.2M+46.4% | $98.2M+54.4% | $96.5M+38.1% | $65.6M0.0% | $67.1M-1.4% | $63.6M-5.8% | $69.9M+59.9% | $65.6M+98.5% |
| Stock-Based Compensation | N/A | $3.5M+68.0% | N/A | N/A | N/A | $2.1M+78.7% | N/A | N/A |
| Investing Cash Flow | -$95.0Mn/m | -$61.0Mn/m | -$90.8Mn/m | -$596.0Mn/m | -$134.4Mn/m | -$78.0Mn/m | -$127.0Mn/m | -$94.0Mn/m |
| Financing Cash Flow | -$70.1M-785.7% | -$99.3Mn/m | -$48.9Mn/m | $530.3M+2197.5% | $10.2Mn/m | -$162.5Mn/m | -$85.4M-111.6% | $23.1Mn/m |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
MNR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 30.2%-8.4pp | -3.4%-26.2pp | 26.1%+1.2pp | -7.0%-44.1pp | 38.6%+9.2pp | 22.8%-5.3pp | 24.9%-19.8pp | 37.1%-10.7pp |
| Net Margin | 24.2%-6.9pp | -12.3%-19.3pp | 18.9%+3.3pp | -13.1%-39.5pp | 31.1%+14.6pp | 7.0%-10.4pp | 15.5%-14.5pp | 26.4%-21.2pp |
| Return on Assets | 2.7%-1.2pp | -0.9%-1.7pp | 1.9%+0.4pp | -0.9%-3.9pp | 3.8%+2.1pp | 0.7%-1.1pp | 1.6%-1.4pp | 2.9%-5.0pp |
| Current Ratio | 0.88+0.1x | 0.83+0.1x | 1.05+0.1x | 1.00-0.2x | 0.79-0.3x | 0.69-0.3x | 0.91-0.3x | 1.240.0x |
| Asset Turnover | 0.110.0x | 0.080.0x | 0.100.0x | 0.070.0x | 0.120.0x | 0.100.0x | 0.100.0x | 0.11-0.1x |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity, Liabilities-to-Equity, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Mach Natural Resources LP Common Units MNR | FY2025 | $1.2B | $143.0M | 12.2% | $1.8B | 58/100 |
| Talos Energy, Inc. TALO | FY2025 | $1.8B | -$494.3M | -27.8% | $3.0B | 36/100 |
| Baytex Energy Corp. BTE | FY2025 | $1.1B | -$440.3M | -40.8% | $3.8B | 37/100 |
| Kimbell Royalty Partners, LP Common Units KRP | FY2025 | $333.8M | $90.9M | 27.2% | $1.7B | 71/100 |
| BKV Corporation BKV | FY2025 | $1.1B | $179.2M | 15.7% | $2.3B | 34/100 |
| VERMILION ENERGY INC. VET | FY2025 | $1.3B | -$476.7M | -37.0% | $2.1B | 28/100 |
Where Mach Natural Resources LP Common Units Ranks
Frequently Asked Questions
What is Mach Natural Resources LP Common Units's annual revenue?
Mach Natural Resources LP Common Units (MNR) reported $1.2B in total revenue for fiscal year 2025. This represents a 21.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mach Natural Resources LP Common Units's revenue growing?
Mach Natural Resources LP Common Units (MNR) revenue grew by 21.2% year-over-year, from $969.6M to $1.2B in fiscal year 2025.
Is Mach Natural Resources LP Common Units profitable?
Yes, Mach Natural Resources LP Common Units (MNR) reported a net income of $100.6M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $143.0M, with a net profit margin of 12.2%.
What is Mach Natural Resources LP Common Units's EBITDA?
Mach Natural Resources LP Common Units (MNR) had EBITDA of $537.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mach Natural Resources LP Common Units have?
As of fiscal year 2025, Mach Natural Resources LP Common Units (MNR) had $42.6M in cash and equivalents against $1.1B in long-term debt.
What is Mach Natural Resources LP Common Units's operating margin?
Mach Natural Resources LP Common Units (MNR) had an operating margin of 20.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Mach Natural Resources LP Common Units's net profit margin?
Mach Natural Resources LP Common Units (MNR) had a net profit margin of 12.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Mach Natural Resources LP Common Units's operating cash flow?
Mach Natural Resources LP Common Units (MNR) generated $507.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mach Natural Resources LP Common Units's total assets?
Mach Natural Resources LP Common Units (MNR) had $3.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Mach Natural Resources LP Common Units's current ratio?
Mach Natural Resources LP Common Units (MNR) had a current ratio of 1.05 as of fiscal year 2025, which is considered adequate.
What is Mach Natural Resources LP Common Units's return on assets (ROA)?
Mach Natural Resources LP Common Units (MNR) had a return on assets of 3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Mach Natural Resources LP Common Units's P/E ratio?
Mach Natural Resources LP Common Units (MNR) trades at 17.6x earnings, its market capitalization divided by $100.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.8B as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Mach Natural Resources LP Common Units's price-to-sales ratio?
Mach Natural Resources LP Common Units (MNR) trades at 1.3x sales, its market capitalization divided by $1.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.8B as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Mach Natural Resources LP Common Units's Piotroski F-Score?
Mach Natural Resources LP Common Units (MNR) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mach Natural Resources LP Common Units's earnings high quality?
Mach Natural Resources LP Common Units (MNR) has an earnings quality ratio of 3.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Mach Natural Resources LP Common Units cover its interest payments?
Mach Natural Resources LP Common Units (MNR) has an interest coverage ratio of 3.39x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Mach Natural Resources LP Common Units?
Mach Natural Resources LP Common Units (MNR) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Mach Natural Resources LP Common Units it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.