Mach Natural Resources is reaffirmed as a BUY, trading below PV-10 value after recent acquisitions and a 5% share price decline. MNR's portfolio now leans heavily into natural gas, with Q4 production projected to rise 60% and 2026 guidance targeting 71% gas weighting. Distributions are expected to rebound to $0.40-$0.45/unit quarterly, offering a 13%-14.5% yield, but remain exposed to commodity price and weather volatility.
Mach reported Q3 2025 results in line with expectations. It declared a relatively low $0.27 per unit distribution, but that was affected by temporary items. Mach also tweaked its 2026 guidance to reduce its D&C capex by $63 million and its total capex by $38 million. This has a minor effect on its expected production. Mach is now projected to generate $1.94 per unit in 2026 distributable cash flow at high-$50s WTI oil and slightly above $4 NYMEX natural gas.
Mach Natural Resources LP ( MNR ) Q3 2025 Earnings Call November 7, 2025 10:00 AM EST Company Participants Tom Ward - CEO & Director of Mach Natural Resources GP LLC Kevin White - Chief Financial Officer of Mach Natural Resources GP LLC Conference Call Participants Neal Dingmann - William Blair & Company L.L.C., Research Division Charles Meade - Johnson Rice & Company, L.L.C.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Tom L. Ward CEO | NYSE Exchange | 609720107 CUSIP |
| US Country | 505 Employees | 20 Nov 2025 Last Dividend | - Last Split | - IPO Date |
Mach Natural Resources L.P. operates within the energy sector, focusing primarily on the acquisition, development, and management of oil and natural gas properties across the United States. By engaging in the extraction and production of hydrocarbons from established resource basins, the company is a pivotal contributor to the global energy market, supplying essential resources necessary for electricity generation, heating, and transportation. Through its strategic resource management approach, Mach Natural Resources L.P. emphasizes sustainable practices and efficient operations, aiming to achieve maximum production outputs while minimizing environmental impacts. This approach aligns with the company’s objectives of long-term value creation, energy supply stabilization, and maintaining a balance between investor returns and social responsibility towards local communities and ecological preservation.
Mach Natural Resources L.P. specializes in identifying, acquiring, and managing oil and natural gas properties with potential for development. The company employs a rigorous evaluation process to ensure that each acquired property can be developed sustainably and economically, contributing to the company’s goal of long-term resource stewardship. This service not only involves the purchase of properties but also their efficient management to optimize production and profitability.
The core operation of Mach Natural Resources L.P. is the extraction and production of hydrocarbons, primarily oil and natural gas, from resource basins across the U.S. The company employs state-of-the-art technology and innovative methods to enhance recovery rates and extend the productive life of wells. This service is critical to maintaining the consistent supply of essential energy resources to the global market, underpinning much of the modern economy’s demands for energy.
Adopting a strategic approach to resource management, Mach Natural Resources L.P. incorporates sustainable practices into its operations. This includes the implementation of efficient extraction and production techniques that aim to minimize environmental impact and reduce waste. Through such practices, the company commits to ecological responsibility, aligning its business operations with the broader objective of sustainable development within the energy sector. Strategic resource management ensures that the company’s operations are not only economically viable but also environmentally conscious.
The company’s activities significantly contribute to the stability of energy supply and pricing in the global market. By ensuring a steady flow of natural resources, particularly oil and natural gas, Mach Natural Resources L.P. plays a crucial role in the generation of electricity, heating, and transportation. This contribution is vital for both emerging and developed economies, where energy demand continues to grow. The company’s operations support the broader energy infrastructure, providing a reliable foundation for economic activities worldwide.