SequelSEC

MACH NATURAL RESOURCES LP MNR

Crude Petroleum & Natural Gas · CIK 0001980088 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$1.18B
Fiscal year ended 2025-12-31
Operating income
$244.95M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$423.80MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$2.52Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income3.0×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue0.4×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Crude Petroleum & Natural Gas filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Revenue YoY growth21.2%74th
SBC / revenue0.8%26th
Operating margin20.8%68th
Current ratio1.05x63th
Net margin12.2%63th

MACH NATURAL RESOURCES LP (MNR) reported revenue of $1.18B and net income of $142.98M for the fiscal year ended 2025-12-31. This page shows 5 annual periods of income statement, balance sheet and cash flow figures normalized from MACH NATURAL RESOURCES LP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Crude Petroleum & Natural Gas.

Income

MACH NATURAL RESOURCES LP income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue$1.18B$969.63M$762.31M$937.41M$392.50M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income$244.95M$290.99M$359.14M$522.38M$155.41M
Net income$142.98M$185.18M$68.52M$516.84M$138.37M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 131.54Mshares 97.70Mshares 94.91MUnavailableUnavailable
Pretax incomeUnavailableUnavailableUnavailableUnavailableUnavailable
Income tax expenseUnavailableUnavailableUnavailableUnavailableUnavailable
Diluted EPS$1.09$1.90$0.72UnavailableUnavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

MACH NATURAL RESOURCES LP balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Cash & equivalents$42.63M$105.78M$152.79M$29.42MUnavailable
Total assets$3.78B$2.34B$2.30B$887.86MUnavailable
Current assets$377.95M$322.10M$343.60M$186.65MUnavailable
Total liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailable
Current liabilities$359.92M$352.42M$274.91M$153.06MUnavailable
Total equity incl. NCIUnavailableUnavailableUnavailableUnavailableUnavailable
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$43.51M$24.30M$31.38M$24.70MUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$1.14B$668.78M$745.14M$84.90MUnavailable
Accounts payableUnavailableUnavailableUnavailable$19.43MUnavailable

Cash flow

MACH NATURAL RESOURCES LP cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Operating cash flow$506.96M$505.29M$491.74M$553.54M$198.46M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$899.16M-$306.32M-$1.03B-$372.66M-$194.74M
Financing cash flow$329.06M-$245.99M$658.79M-$210.74M-$4.58M
Net change in cash-$63.14M-$47.02M$123.38M-$29.86M-$865.00K
Stock-based compensation$9.39M$6.53M$3.44M$7.53M$45.30M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$292.76M$270.97M$137.62M$88.59M$40.68M

Derived

MACH NATURAL RESOURCES LP derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin20.8%30.0%47.1%55.7%39.6%
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenue0.8%0.7%0.5%0.8%11.5%
Current ratio1.05x0.91x1.25x1.22xUnavailable
Revenue YoY growth21.2%27.2%-18.7%138.8%Unavailable
Net margin12.2%19.1%9.0%55.1%35.3%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MNR in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-03-12View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-08View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.