Welcome to our dedicated page for Mach Natural Resources news (Ticker: MNR), a resource for investors and traders seeking the latest updates and insights on Mach Natural Resources stock.
Mach Natural Resources LP (MNR) delivers focused upstream energy solutions through strategic development of oil, natural gas, and NGL assets in the Anadarko Basin. This news hub provides investors and industry observers with essential updates on operational milestones, financial disclosures, and strategic initiatives.
Access timely press releases covering drilling results, reserve estimates, and partnership announcements alongside regulatory filings and market communications. Our curated collection ensures transparent tracking of MNR's progress in optimizing hydrocarbon recovery across Western Oklahoma, Southern Kansas, and Texas panhandle operations.
Key updates include asset acquisition details, production efficiency metrics, and management commentary on market conditions. Bookmark this page for centralized access to MNR's evolving strategy in conventional resource development and capital allocation decisions within the upstream sector.
Mach Natural Resources LP (NYSE: MNR) has announced its schedule for releasing second quarter 2024 financial results. The company will report its Q2 2024 results on Tuesday, August 13, 2024, after the New York Stock Exchange closes. Following the release, Mach will host a conference call on Wednesday, August 14, 2024, at 8:00 a.m. Central (9:00 a.m. Eastern) to discuss the financial and operating results.
Investors and interested parties can access the conference call by dialing 877-407-2984. Additionally, a webcast link for the call will be available on the company's investor relations website at www.ir.machnr.com. For those unable to attend the live call, a replay will be made available on the company's website after the event.
Mach Natural Resources LP (NYSE: MNR) has made its 2023 Schedule K-3 available online. The form, which includes items of international tax relevance, is accessible via www.taxpackagesupport.com/mnr. It is particularly useful for foreign unitholders, those needing to compute a foreign tax credit, and some corporate and partnership unitholders. Mach will not mail the Schedule K-3 to investors. Instead, unitholders can obtain an electronic copy by calling 833-609-4029 for support during business hours.
Mach Natural Resources (NYSE: MNR) released its Q1 2024 financial results, reporting a net income of $42 million and an adjusted EBITDA of $169 million. Revenue totaled $239 million with an average realized oil price of $77.17 per barrel. The company produced 89 thousand barrels of oil equivalent per day, including 20.6 thousand barrels of oil per day.
Operating cash flow was $144 million, and lease operating expenses were $5.03 per Boe. Mach declared a quarterly cash distribution of $0.75 per unit, payable on June 10, 2024. Capital expenditures amounted to $80 million for the quarter. The company reiterated its 2024 guidance and highlighted its low leverage with a net-debt-to-EBITDA ratio of 0.9x.
Mach Natural Resources LP (NYSE: MNR) will release its first quarter 2024 results on May 13, 2024, followed by a conference call on May 14, 2024, to discuss its financial and operating performance. The earnings release will be available on their website, and participants can access the call via dial-in or webcast link.
FAQ
What is the current stock price of Mach Natural Resources (MNR)?
What is the market cap of Mach Natural Resources (MNR)?
