Mach Natural Resources Stock Price, News & Analysis

Mach Natural Resources LP (NYSE: MNR) has announced the availability of its 2024 tax packages, including Schedule K-1 (Form 1065), for common unitholders. The tax documents can be accessed online at www.taxpackagesupport.com/mnr.

The company plans to begin mailing physical copies of the 2024 tax packages around March 19, 2025. For support with K-1 tax packages, unitholders can contact the dedicated helpline at 833-609-4029, available on weekdays from 8 a.m. to 5 p.m. Central Time.

Mach Natural Resources LP (NYSE: MNR) reported its Q4 and full-year 2024 financial results. Q4 highlights include net production of 86.7 Mboe/d, net income of $37 million, and Adjusted EBITDA of $162 million. The company generated $134 million in operating cash flow and incurred $60 million in development costs.

Full-year 2024 performance showed net income of $185 million, Adjusted EBITDA of $601 million, and operating cash flow of $505 million. The company paid $310 million ($3.20 per unit) in distributions and achieved a 25% cash return on capital invested. Total proved reserves reached 337 MMBoe with a PV-10 of $1.9 billion.

Recent developments include a $30 million bolt-on acquisition, a $230 million public offering, and establishment of a new $750 million revolving credit facility. For 2025, Mach plans capital investments of $260-280 million with projected production of 79-83 MBoe/d.

Mach Natural Resources LP (NYSE: MNR) has scheduled its fourth quarter and full year 2024 earnings release for Thursday, March 13, 2025, after the NYSE trading hours. The company will hold a conference call to discuss financial and operating results on Friday, March 14, 2025, at 8:00 a.m. Central (9:00 a.m. Eastern).

Investors can join the conference call by dialing 877-407-2984. The earnings release and webcast link will be available on the company's investor relations website at www.ir.machnr.com, where a replay of the call will also be accessible.

Mach Natural Resources LP (NYSE: MNR) has successfully completed a significant refinancing transaction, securing a new senior secured reserve-based revolving credit facility with a syndicate of ten banks. The New Credit Facility, with Truist Bank acting as administrative and collateral agent, establishes an initial borrowing base of $750 million.

The company utilized a combination of borrowings from the New Credit Facility, proceeds from its recent public equity offering, and available cash to fully repay and terminate its existing credit agreements with Texas Capital Bank and MidFirst Bank.

Mach Natural Resources LP (NYSE: MNR) has announced its quarterly cash distribution for Q4 2024. The company will distribute $0.50 per unit to unitholders. The distribution will be paid on March 13, 2025, to unitholders of record as of the close of trading on February 27, 2025.

Mach Natural Resources LP (NYSE:MNR) announced that underwriters have fully exercised their over-allotment option to purchase an additional 1,935,483 common units at $15.50 per unit, following their previously announced public offering of 12,903,226 common units. The option closed on February 12, 2025.

The company plans to use the net proceeds to repay approximately $23.0 million of borrowings outstanding under its super priority credit facility, with the remainder allocated to partially repay its term loan credit facility. Mach expects to repay the remaining borrowings and terminate its term loan credit facility using cash on hand and proceeds from a new credit facility.

The offering is led by joint book-running managers Stifel, Raymond James, TCBI Securities, and Truist Securities, with Johnson Rice & Company and Stephens Inc. serving as co-managers.

Mach Natural Resources LP (MNR) has announced the pricing of its public offering of 12,903,226 common units at $15.50 per unit. The company has also granted underwriters an option to purchase up to an additional 1,935,483 common units.

Mach expects to receive net proceeds of approximately $192.5 million after deducting underwriting costs and expenses. The proceeds will be used to repay $23.0 million of borrowings under its super priority credit facility, with the remainder allocated to partially repay its term loan credit facility.

The offering is expected to close on February 7, 2025. Joint book-running managers include Stifel, Raymond James, TCBI Securities, and Truist Securities, with Johnson Rice & Company and Stephens Inc. serving as co-managers.

Mach Natural Resources LP (NYSE: MNR) has announced a public offering of 12,000,000 common units representing partner interests, with an additional option for underwriters to purchase up to 1,800,000 common units.

The company plans to use the net proceeds to repay approximately $23.0 million of borrowings outstanding under its super priority credit facility, with the remainder allocated to partially repay its term loan credit facility. Mach intends to clear the remaining term loan facility borrowings using cash on hand and proceeds from a new credit facility planned post-offering.

The offering's joint book-running managers include Stifel, Nicolaus & Company, Raymond James & Associates, TCBI Securities (Texas Capital Securities), and Truist Securities.

Mach Natural Resources LP (NYSE: MNR) reported Q3 2024 financial results with net income of $67 million and Adjusted EBITDA of $134 million. The company achieved average total net production of 81.8 Mboe/d, with lease operating expense of $5.85 per Boe. Total revenue reached $256 million, while capital expenditures excluding acquisitions were $53 million. The company declared a quarterly cash distribution of $0.60 per unit, payable on December 10, 2024. Mach maintained a strong financial position with a cash balance of $185 million and a pro forma net-debt-to-Adjusted-EBITDA ratio of 0.9x.