2024 Q4 Form 10-Q Financial Statement
#000162828024047202 Filed on November 12, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | $255.5M | |
YoY Change | 45.7% | |
Cost Of Revenue | $83.23M | |
YoY Change | 64.74% | |
Gross Profit | $172.3M | |
YoY Change | 37.99% | |
Gross Profit Margin | 67.43% | |
Selling, General & Admin | $9.385M | |
YoY Change | 75.09% | |
% of Gross Profit | 5.45% | |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $2.300M | |
YoY Change | 27.78% | |
% of Gross Profit | 1.33% | |
Operating Expenses | $77.57M | |
YoY Change | 88.64% | |
Operating Profit | $94.73M | |
YoY Change | 13.12% | |
Interest Expense | $26.77M | |
YoY Change | 1203.41% | |
% of Operating Profit | 28.26% | |
Other Income/Expense, Net | -$27.29M | |
YoY Change | 10436.68% | |
Pretax Income | $67.44M | |
YoY Change | -19.21% | |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $67.44M | |
YoY Change | -19.21% | |
Net Earnings / Revenue | 26.39% | |
Basic Earnings Per Share | $0.70 | |
Diluted Earnings Per Share | $0.70 | |
COMMON SHARES | ||
Basic Shares Outstanding | 103.5M shares | 95.04M shares |
Diluted Shares Outstanding | 97.03M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $184.5M | |
YoY Change | 214.17% | |
Cash & Equivalents | $184.5M | |
Short-Term Investments | ||
Other Short-Term Assets | $6.080M | |
YoY Change | 76.23% | |
Inventory | $26.31M | |
Prepaid Expenses | ||
Receivables | $98.92M | |
Other Receivables | $34.33M | |
Total Short-Term Assets | $380.5M | |
YoY Change | 123.86% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $92.40M | |
YoY Change | 19.34% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $15.18M | |
YoY Change | 433.38% | |
Total Long-Term Assets | $1.946B | |
YoY Change | 119.89% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $380.5M | |
Total Long-Term Assets | $1.946B | |
Total Assets | $2.326B | |
YoY Change | 120.53% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $44.32M | |
YoY Change | 29.94% | |
Accrued Expenses | $49.82M | |
YoY Change | 35.47% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | $82.50M | |
YoY Change | ||
Total Short-Term Liabilities | $306.2M | |
YoY Change | 124.78% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $687.7M | |
YoY Change | 648.28% | |
Other Long-Term Liabilities | $2.203M | |
YoY Change | 265.34% | |
Total Long-Term Liabilities | $795.3M | |
YoY Change | 424.0% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $306.2M | |
Total Long-Term Liabilities | $795.3M | |
Total Liabilities | $1.101B | |
YoY Change | 282.48% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.225B | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $2.326B | |
YoY Change | 120.53% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $67.44M | |
YoY Change | -19.21% | |
Depreciation, Depletion And Amortization | $2.300M | |
YoY Change | 27.78% | |
Cash From Operating Activities | $110.8M | |
YoY Change | -70.98% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $94.08M | |
YoY Change | -66.55% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $66.00K | |
YoY Change | -98.02% | |
Cash From Investing Activities | -$94.01M | |
YoY Change | -66.17% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 23.08M | |
YoY Change | -130.87% | |
NET CHANGE | ||
Cash From Operating Activities | 110.8M | |
Cash From Investing Activities | -94.01M | |
Cash From Financing Activities | 23.08M | |
Net Change In Cash | 39.91M | |
YoY Change | 36.13% | |
FREE CASH FLOW | ||
Cash From Operating Activities | $110.8M | |
Capital Expenditures | $94.08M | |
Free Cash Flow | $16.77M | |
YoY Change | -83.36% |
Facts In Submission
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CY2023Q2 | mnr |
Distribution To Common Unit Holders
DistributionToCommonUnitHolders
|
15500000 | usd |
CY2023Q2 | mnr |
Distribution To Common Unit Holders
DistributionToCommonUnitHolders
|
15500000 | usd |
CY2023Q2 | us-gaap |
Limited Liability Company Llc Members Equity Unit Based Compensation
LimitedLiabilityCompanyLLCMembersEquityUnitBasedCompensation
|
647000 | usd |
CY2023Q2 | us-gaap |
Members Equity
MembersEquity
|
689527000 | usd |
CY2023Q2 | us-gaap |
Members Equity
MembersEquity
|
689527000 | usd |
CY2023Q3 | mnr |
Distribution To Common Unit Holders
DistributionToCommonUnitHolders
|
26850000 | usd |
CY2023Q3 | mnr |
Distribution To Common Unit Holders
DistributionToCommonUnitHolders
|
26850000 | usd |
CY2023Q3 | us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
20000000 | usd |
CY2023Q3 | us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
20000000 | usd |
CY2023Q3 | us-gaap |
Limited Liability Company Llc Members Equity Unit Based Compensation
LimitedLiabilityCompanyLLCMembersEquityUnitBasedCompensation
|
647000 | usd |
CY2023Q3 | us-gaap |
Limited Liability Company Llc Members Equity Unit Based Compensation
LimitedLiabilityCompanyLLCMembersEquityUnitBasedCompensation
|
647000 | usd |
CY2023Q3 | us-gaap |
Members Equity
MembersEquity
|
766809000 | usd |
CY2023Q4 | us-gaap |
Partners Capital Account Units
PartnersCapitalAccountUnits
|
95000000 | shares |
CY2023Q4 | us-gaap |
Partners Capital
PartnersCapital
|
1191724000 | usd |
CY2023Q4 | us-gaap |
Members Equity
MembersEquity
|
1191724000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
41702000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
41702000 | usd |
CY2024Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
90924000 | usd |
CY2024Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
90924000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1182000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1182000 | usd |
CY2024Q2 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
71820000 | usd |
CY2024Q2 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
71820000 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2300000 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2300000 | usd |
CY2024Q2 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
40000 | shares |
CY2024Q2 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
570000 | usd |
CY2024Q2 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
570000 | usd |
CY2024Q2 | us-gaap |
Partners Capital Account Units
PartnersCapitalAccountUnits
|
95040000 | shares |
CY2024Q2 | us-gaap |
Partners Capital
PartnersCapital
|
1113110000 | usd |
CY2024Q2 | us-gaap |
Members Equity
MembersEquity
|
1113110000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
67444000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
67444000 | usd |
CY2024Q3 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
86149000 | usd |
CY2024Q3 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
86149000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1267000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1267000 | usd |
CY2024Q3 | us-gaap |
Partners Capital Account Units Sold In Public Offering
PartnersCapitalAccountUnitsSoldInPublicOffering
|
8291000 | shares |
CY2024Q3 | us-gaap |
Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
|
128990000 | usd |
CY2024Q3 | us-gaap |
Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
|
128990000 | usd |
CY2024Q3 | us-gaap |
Partners Capital Account Units
PartnersCapitalAccountUnits
|
103331000 | shares |
CY2024Q3 | us-gaap |
Partners Capital
PartnersCapital
|
1224662000 | usd |
CY2024Q3 | us-gaap |
Members Equity
MembersEquity
|
1224662000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
148662000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
252988000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
201108000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
93923000 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-219000 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
10842000 | usd | |
mnr |
Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
|
-4287000 | usd | |
mnr |
Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
|
-5207000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
5521000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
232000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4749000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1941000 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1890000 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
349000 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
1000 | usd | |
us-gaap |
Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
|
676000 | usd | |
us-gaap |
Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
|
445000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
7188000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-28549000 | usd | |
mnr |
Increase Decrease In Deferred Income
IncreaseDecreaseInDeferredIncome
|
10689000 | usd | |
mnr |
Increase Decrease In Deferred Income
IncreaseDecreaseInDeferredIncome
|
6394000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-192000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2764000 | usd | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-2911000 | usd | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-6785000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
371631000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
381967000 | usd | |
us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
162432000 | usd | |
us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
251538000 | usd | |
us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
9187000 | usd | |
us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
9083000 | usd | |
us-gaap |
Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
|
47192000 | usd | |
us-gaap |
Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
|
20613000 | usd | |
us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
38975000 | usd | |
us-gaap |
Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
|
561000 | usd | |
us-gaap |
Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
|
36000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-179275000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-277893000 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
129812000 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
0 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
41250000 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
7000000 | usd | |
us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
247153000 | usd | |
us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
0 | usd | |
us-gaap |
Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
|
0 | usd | |
us-gaap |
Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
|
101350000 | usd | |
us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
0 | usd | |
us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
20000000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
570000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
0 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1454000 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
404000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-160615000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-74754000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
31741000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
29320000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
152792000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
29417000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
184533000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
58737000 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:3.3pt">Organization and Nature of Business</span><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mach Natural Resources LP (the “Company”) is a Delaware limited partnership that was formed for the purpose of effectuating an initial public offering (the “Offering”) that closed in October 2023. The Company’s common units representing limited partnership interests (the “common units”) are listed on The New York Stock Exchange under the symbol “MNR.” The Company is an independent upstream oil and gas company focused on the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas.</span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Following the Offering and Corporate Reorganization (as defined below), the Company became a holding partnership whose sole material asset consists of membership interests in Mach Natural Resources Intermediate LLC (“Intermediate”). Intermediate wholly owns Mach Natural Resources Holdco LLC (“Holdco”), and Holdco wholly owns each of the Company’s three operating subsidiaries, BCE-Mach LLC (“BCE-Mach”), BCE-Mach II LLC (“BCE-Mach II”) and BCE-Mach III LLC (collectively, the “Mach Companies”). BCE-Mach III LLC (the “Predecessor”) is the accounting predecessor to the Company for all periods prior to the Offering as discussed herein.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s operations are governed by the provisions of its partnership agreement, executed by its general partner, Mach Natural Resources GP LLC (the “General Partner”) and the limited partners. The General Partner is managed and operated by the board of directors and executive officers of the General Partner. The members of the board of directors of the General Partner are appointed by the members of the General Partner, BCE-Mach Aggregator and Mach Resources in proportion to their respective limited partnership ownership in the Company.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management has evaluated how the Company is organized and managed and identified a single reportable segment, which is the exploration and production of oil, natural gas and NGLs. Management considers the Company’s gathering, processing and marketing functions as ancillary to its oil and gas producing activities. All of the Company’s operations and assets are located in the United States, and its revenues are attributable to United States customers.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Corporate Reorganization</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 25, 2023, the Company underwent a corporate reorganization (the “Corporate Reorganization”) whereby (a) the existing owners who directly held membership interests in the Mach Companies prior to the Offering (the “Existing Owners”) contributed 100% of their membership interests in the Mach Companies for a pro rata allocation of 100% of the limited partner interests in the Company to effectuate a merger of such entities into the Company with BCE-Mach III determined as the accounting acquirer, (b) the Company contributed 100% of its membership interests in the Mach Companies to Intermediate in exchange for 100% of the membership interests in Intermediate, and (c) Intermediate contributed 100% of its membership interests in the Mach Companies to Holdco in exchange for 100% of the membership interests in Holdco.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Initial Public Offering</span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 27, 2023, the Company completed the Offering of 10,000,000 common units at a price of $19.00 per unit to the public. The sale of Company’s common units resulted in gross proceeds of $190.0 million to the Company and net proceeds of $168.5 million, after deducting underwriting fees and offering expenses. The material terms of the Offering are described in the Company’s final prospectus, filed with the U.S. Securities and Exchange Commission (“SEC”) on October 26, 2023, pursuant to Rule 424(b)(4) of the Securities Act of 1933, as amended (the “Securities Act”).</span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company used $102.2 million of the proceeds to pay down the existing credit facilities of its operating subsidiaries (the “Pre-IPO Credit Facilities”) and $66.3 million of the proceeds to purchase 3,750,000 common units from the existing common unit owners on a pro rata basis. After giving effect to the Offering and the transactions related thereto, the Company had 95,000,000 common units issued and outstanding.</span></div> | ||
CY2023Q4 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
102200000 | usd |
CY2023Q4 | us-gaap |
Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
|
66300000 | usd |
CY2023Q4 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
3750000 | shares |
CY2023Q4 | us-gaap |
Common Unit Issued
CommonUnitIssued
|
95000000 | shares |
CY2023Q4 | us-gaap |
Common Unit Outstanding
CommonUnitOutstanding
|
95000000 | shares |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although management believes these estimates are reasonable, actual results could differ from these estimates. The Company evaluates these estimates on an ongoing basis, using historical experience, consultation with experts and other methods the Company considers reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from the Company’s estimates. Any effects on the Company’s business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known.</span></div> | ||
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. These reclassifications had an immaterial effect on the previously reported total assets, total liabilities, partners’ capital, results of operations or cash flows.</span></div> | ||
CY2024Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
3600000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1700000 | usd |
mnr |
Amortization Expense Per Physical Unit Of Production Average Expense During Period
AmortizationExpensePerPhysicalUnitOfProductionAverageExpenseDuringPeriod
|
7.97 | ||
mnr |
Amortization Expense Per Physical Unit Of Production Average Expense During Period
AmortizationExpensePerPhysicalUnitOfProductionAverageExpenseDuringPeriod
|
6.52 | ||
CY2024Q3 | mnr |
Amortization Expense Per Physical Unit Of Production Average Expense During Period
AmortizationExpensePerPhysicalUnitOfProductionAverageExpenseDuringPeriod
|
8.17 | |
CY2023Q3 | mnr |
Amortization Expense Per Physical Unit Of Production Average Expense During Period
AmortizationExpensePerPhysicalUnitOfProductionAverageExpenseDuringPeriod
|
6.64 | |
us-gaap |
Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
|
189300000 | usd | |
us-gaap |
Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
|
86100000 | usd | |
CY2024Q3 | us-gaap |
Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
|
61500000 | usd |
CY2023Q3 | us-gaap |
Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
|
30200000 | usd |
CY2023Q3 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
0 | usd |
CY2024Q3 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
0 | usd |
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
0 | usd | |
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
0 | usd | |
us-gaap |
Depreciation
Depreciation
|
6700000 | usd | |
us-gaap |
Depreciation
Depreciation
|
4600000 | usd | |
CY2024Q3 | us-gaap |
Depreciation
Depreciation
|
2300000 | usd |
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
1800000 | usd |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd | |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd | |
CY2024Q3 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2023Q3 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2024Q3 | us-gaap |
Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
|
2600000 | usd |
CY2024Q3 | us-gaap |
Accumulated Amortization Of Debt Issuance Costs Line Of Credit Arrangements
AccumulatedAmortizationOfDebtIssuanceCostsLineOfCreditArrangements
|
2000000.0 | usd |
CY2023Q4 | us-gaap |
Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
|
2200000 | usd |
CY2023Q4 | us-gaap |
Accumulated Amortization Of Debt Issuance Costs Line Of Credit Arrangements
AccumulatedAmortizationOfDebtIssuanceCostsLineOfCreditArrangements
|
1600000 | usd |
CY2024Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
13600000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
18000000.0 | usd |
CY2023Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
85094000 | usd |
CY2022Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
52359000 | usd |
mnr |
Asset Retirement Obligation Liabilities Assumed In Acquisitions
AssetRetirementObligationLiabilitiesAssumedInAcquisitions
|
9115000 | usd | |
mnr |
Asset Retirement Obligation Liabilities Assumed In Acquisitions
AssetRetirementObligationLiabilitiesAssumedInAcquisitions
|
214000 | usd | |
us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
546000 | usd | |
us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
284000 | usd | |
us-gaap |
Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
|
559000 | usd | |
us-gaap |
Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
|
479000 | usd | |
us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
0 | usd | |
us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
313000 | usd | |
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
5184000 | usd | |
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
3282000 | usd | |
CY2024Q3 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
99380000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
75392000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
5326000 | usd | |
mnr |
Increase Decrease In Accrued Capital Expenditures Non Cash
IncreaseDecreaseInAccruedCapitalExpendituresNonCash
|
7290000 | usd | |
mnr |
Increase Decrease In Accrued Capital Expenditures Non Cash
IncreaseDecreaseInAccruedCapitalExpendituresNonCash
|
-13263000 | usd | |
us-gaap |
Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
|
546000 | usd | |
us-gaap |
Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
|
284000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
2792000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
6449000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1740000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
0 | usd | |
mnr |
Offering Costs Accrued
OfferingCostsAccrued
|
822000 | usd | |
mnr |
Offering Costs Accrued
OfferingCostsAccrued
|
0 | usd | |
CY2024Q2 | us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
38000000.0 | usd |
CY2024Q3 | us-gaap |
Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
|
2275042000 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
|
2097540000 | usd |
CY2024Q3 | us-gaap |
Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
|
455164000 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
|
265895000 | usd |
CY2024Q3 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
1819878000 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
1831645000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
114162000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
105302000 | usd |
CY2024Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
21767000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
15642000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
92395000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
89660000 | usd |
CY2024Q3 | mnr |
Accrued Operating Expenses
AccruedOperatingExpenses
|
13075000 | usd |
CY2023Q4 | mnr |
Accrued Operating Expenses
AccruedOperatingExpenses
|
15686000 | usd |
CY2024Q3 | us-gaap |
Construction Payable Current
ConstructionPayableCurrent
|
12581000 | usd |
CY2023Q4 | us-gaap |
Construction Payable Current
ConstructionPayableCurrent
|
15042000 | usd |
CY2024Q3 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
4755000 | usd |
CY2023Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
5989000 | usd |
CY2024Q3 | us-gaap |
Postemployment Benefits Liability Current
PostemploymentBenefitsLiabilityCurrent
|
11072000 | usd |
CY2023Q4 | us-gaap |
Postemployment Benefits Liability Current
PostemploymentBenefitsLiabilityCurrent
|
3438000 | usd |
CY2024Q3 | mnr |
Accrued Midstream Shipping Costs
AccruedMidstreamShippingCosts
|
1061000 | usd |
CY2023Q4 | mnr |
Accrued Midstream Shipping Costs
AccruedMidstreamShippingCosts
|
1247000 | usd |
CY2024Q3 | mnr |
Accrued General And Administrative Expense
AccruedGeneralAndAdministrativeExpense
|
7274000 | usd |
CY2023Q4 | mnr |
Accrued General And Administrative Expense
AccruedGeneralAndAdministrativeExpense
|
3127000 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
49818000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
44529000 | usd |
CY2024Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
33684000 | usd |
CY2023Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-4900000 | usd |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-219000 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
10842000 | usd | |
CY2024Q3 | us-gaap |
Derivative Assets
DerivativeAssets
|
37359000 | usd |
CY2024Q3 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
3426000 | usd |
CY2023Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
39914000 | usd |
mnr |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Award Categories
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAwardCategories
|
2 | numberofcategories | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.53 | |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P7Y | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0140 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
2378.8 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
2378.8 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
2378.8 | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
0 | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
2378.8 | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
0 | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
2378.8 | |
CY2024Q3 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
5400000 | usd |
us-gaap |
Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
|
2700000 | usd | |
us-gaap |
Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
|
300000 | usd | |
CY2024Q3 | us-gaap |
Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
|
600000 | usd |
CY2023Q3 | us-gaap |
Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
|
100000 | usd |
CY2024Q3 | us-gaap |
Purchase Obligation
PurchaseObligation
|
1400000 | usd |
us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
|
1 | ||
us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.10 | ||
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
2900000 | usd | |
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
1200000 | usd | |
CY2024Q3 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
900000 | usd |
CY2023Q3 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
400000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
|
P1Y | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
2229000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
5565000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
2413000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1433000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
273000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
11913000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
772000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
11141000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2517000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
3429000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
9454000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
10047000 | usd | |
CY2024Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
7495000 | usd |
CY2023Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
2600000 | usd |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
19357000 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
7744000 | usd | |
CY2024Q3 | us-gaap |
Lease Cost
LeaseCost
|
10012000 | usd |
CY2023Q3 | us-gaap |
Lease Cost
LeaseCost
|
6029000 | usd |
us-gaap |
Lease Cost
LeaseCost
|
28811000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
17791000 | usd | |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y1M13D | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.059 | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
9462000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
9971000 | usd | |
CY2023Q4 | us-gaap |
Partners Capital Account Units Sale Of Units
PartnersCapitalAccountUnitsSaleOfUnits
|
88750000 | shares |
CY2023Q4 | us-gaap |
Partners Capital Account Units Sold In Public Offering
PartnersCapitalAccountUnitsSoldInPublicOffering
|
10000000 | shares |
CY2023Q4 | us-gaap |
Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
|
3750000 | shares |
CY2024Q3 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
7272728 | shares |
CY2024Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
16.50 | |
CY2024Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
16.50 | |
CY2024Q3 | mnr |
Sale Of Stock Consideration Received On Transaction Gross
SaleOfStockConsiderationReceivedOnTransactionGross
|
136800000 | usd |
CY2024Q3 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
129000000.0 | usd |
CY2024Q3 | us-gaap |
Partners Capital Account Units
PartnersCapitalAccountUnits
|
103330882 | shares |
CY2023Q4 | us-gaap |
Partners Capital Account Units
PartnersCapitalAccountUnits
|
95000000 | shares |
CY2024Q3 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
85500000 | usd |
us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
247200000 | usd | |
CY2023Q3 | us-gaap |
Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
|
26900000 | usd |
us-gaap |
Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
|
101400000 | usd | |
CY2023Q3 | us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
20000000 | usd |
us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
20000000 | usd | |
CY2024Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
200000 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
100000 | shares | |
CY2024Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9400 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
8100 | shares | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
67444000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
148662000 | usd | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
96856000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
95626000 | shares | |
CY2024Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
177000 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
136000 | shares | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
97033000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
95762000 | shares | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.70 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.55 | ||
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.70 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.55 | ||
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |