MACH NATURAL RESOURCES LP
machnr.comMach Natural Resources LP (NYSE: MNR) is an upstream oil and natural gas company that acquires, develops, and produces crude oil, natural gas, and natural gas liquids from properties in the Anadarko Basin, Permian Basin, and San Juan Basin. Revenue comes from the sale of oil, natural gas, and NGLs, supplemented by midstream revenue and product sales. Total revenues were $1.175B in FY2025, up from $969.6M in FY2024 and $762.3M in FY2023. Oil contributed $491.8M, natural gas $373.1M, and NGLs $172.7M to FY2025 revenue, with midstream revenue of $27.6M and product sales of $28.9M. The partnership structure distributes cash flow to unitholders. As of December 31, 2025, the company held 4,823,408 gross acres (2,806,604 net), with 259 PUD locations scheduled for drilling through 2030 at a projected cost of $1.085B. Net cash from operations was $507.0M in FY2025.
Products & Services
Crude oil, natural gas, natural gas liquids (NGLs), midstream gathering and processing services, product sales.
Revenue Model
Transactional commodity sales: oil, natural gas, and NGL production sold at market prices. Secondary revenue from midstream operations and product sales. Cash flow distributed to limited partnership unitholders.
Customers & Markets
Commodity end markets for oil, natural gas, and NGLs. No specific customer concentration disclosed in the filing excerpts.
Geographic Exposure
Anadarko Basin, Permian Basin, and San Juan Basin. All acreage is U.S.-based. As of December 31, 2025: 4,823,408 gross acres, 2,806,604 net acres.
Financial Snapshot
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