Crude Petroleum & Natural Gas · SIC 1311

MACH NATURAL RESOURCES LP

MNR

Watch

Latest revenue

$285.9M

as of 2026-03-31

Latest net income

$-35.0M

as of 2026-03-31

Net margin

-12.3%

as of 2026-03-31

Price · 5Y

+4.2% / yr 9.5 pts / yr vs S&P 500 11.2% total
Compare:

Live market

delayed ≤15 min
$14.05
0.64%
Market cap
$2.36B
Enterprise value
$2.36B
P/E (trailing)
16.5×
Forward P/E
P/B
Dividend yield
13.0%
52-wk high
$15.60
52-wk low
$10.46
Beta
Shares out
168.2M

5-year trend

What this company does

AI

Table of Contents Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Management’s Discussion and Analysis of Financial Condition and Results of Operations is intended to provide the reader of the financial statements with a narrative from the perspective of management on the financial condition, results of operations, liquidity and certain other factors that may affect the Company’s operating results. The following discussion and analysis should be read in conjunction with our unaudited consolidated financial statements and related notes included in Part I, Item I of this Quarterly Report and also with “Risk Factors” included in Part I, Item 1A of…

AI summary unavailable — showing raw filing excerpt

Generated from MNR's filing dated 2026-05-07

Key risks

AI

Item 1A. Risk Factors Our business involves a high degree of risk. Limited partner interests are inherently different from the capital stock of a corporation, although many of the business risks to which we are subject are similar to those that would be faced by a corporation engaged in a similar business. Additionally, new risks may emerge at any time, and we cannot predict those risks or estimate the extent to which they may affect financial performance. If any of the following risks actually occur, our business, financial condition or results of operations could be materially adversely affected. In that case, we might not be able to pay distributions on our common units, the trading…

AI summary unavailable — showing raw filing excerpt

Generated from MNR's filing dated 2026-05-07

Profitability

Operating margin

20.8%

30.6%

Net margin

12.2%

36.3%

Return on assets

3.8%

52.2%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$285.9M+26.1%$-35.0M-320.6%-12.3%

Q4 2025

2025-12-31

$387.5M+65.0%$73.1M+100.2%18.9%

Q3 2025

2025-09-30

$272.6M+6.7%$-35.7M-152.9%-13.1%

Q2 2025

2025-06-30

$288.5M+20.2%$89.7M+126.9%31.1%

Q1 2025

2025-03-31

$226.8M-5.2%$15.9M-61.9%7.0%

Q4 2024

2024-12-31

$234.9M$36.5M15.5%

Q3 2024

2024-09-30

$255.5M+45.7%$67.4M-19.2%26.4%

Q2 2024

2024-06-30

$240.0M+43.8%$39.5M-49.2%16.5%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Crude Petroleum & Natural Gas · SIC 1311

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Insider activity

Insider buying

$11.2M

Insider selling

$71.2M

Net activity

−$60.0M

Distinct insiders

4

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-04-13

Tom L. Ward

The Reporting Person is Chief Executive Officer of Mach Natural Resources GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.

Purchase76,628$13.05$1000.0K
2026-04-08

IKAV General Partner S.a r.l. / VEPU Inc.

10%+ owner

Sale4,612,874$12.81$59.1M
2026-04-08

IKAV General Partner S.a r.l. / VEPU Inc.

10%+ owner

Sale944,805$12.81$12.1M
2026-03-23

William Wallace Mcmullen / BCE-Mach Aggregator LLC / BAYOU CITY ENERGY MANAGEMENT LLC

Director

Purchase3,215$13.63$43.8K
2026-03-20

Christopher Burn

Director

Purchase1,000$13.85$13.8K
2026-03-20

William Wallace Mcmullen / BCE-Mach Aggregator LLC / BAYOU CITY ENERGY MANAGEMENT LLC

Director

Purchase2,500$14.00$35.0K
2026-03-19

Christopher Burn

Director

Purchase1,000$14.07$14.1K
2026-03-19

William Wallace Mcmullen / BCE-Mach Aggregator LLC / BAYOU CITY ENERGY MANAGEMENT LLC

Director

Purchase3,570$14.00$50.0K
2025-12-09

William Wallace Mcmullen / BCE-Mach Aggregator LLC / BAYOU CITY ENERGY MANAGEMENT LLC

Director

Purchase17,500$12.32$215.6K
2025-12-08

William Wallace Mcmullen / BCE-Mach Aggregator LLC / BAYOU CITY ENERGY MANAGEMENT LLC

Director

Purchase12,500$12.53$156.6K
2025-11-26

Tom L. Ward

The Reporting Person is Chief Executive Officer of Mach Natural Resources GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.

Purchase40,000$11.63$465.2K
2025-11-25

Tom L. Ward

The Reporting Person is Chief Executive Officer of Mach Natural Resources GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.

Purchase43,660$11.45$499.9K
2025-11-17

Tom L. Ward

The Reporting Person is Chief Executive Officer of Mach Natural Resources GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.

Purchase41,740$11.98$500.0K
2025-11-14

William Wallace Mcmullen / BCE-Mach Aggregator LLC / BAYOU CITY ENERGY MANAGEMENT LLC

Director

Purchase4,608$11.85$54.6K
2025-11-14

Tom L. Ward

The Reporting Person is Chief Executive Officer of Mach Natural Resources GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.

Purchase41,630$12.01$500.0K
2025-08-11

William Wallace Mcmullen / BCE-Mach Aggregator LLC / BAYOU CITY ENERGY MANAGEMENT LLC

Director

Purchase3,085$14.39$44.4K
2025-06-16

William Wallace Mcmullen / BCE-Mach Aggregator LLC / BAYOU CITY ENERGY MANAGEMENT LLC

Director

Purchase144,900$14.96$2.2M
2025-06-13

William Wallace Mcmullen / BCE-Mach Aggregator LLC / BAYOU CITY ENERGY MANAGEMENT LLC

Director

Purchase135,500$14.72$2.0M
2025-06-12

William Wallace Mcmullen / BCE-Mach Aggregator LLC / BAYOU CITY ENERGY MANAGEMENT LLC

Director

Purchase93,500$14.29$1.3M
2025-06-11

William Wallace Mcmullen / BCE-Mach Aggregator LLC / BAYOU CITY ENERGY MANAGEMENT LLC

Director

Purchase72,411$14.01$1.0M
2025-06-10

William Wallace Mcmullen / BCE-Mach Aggregator LLC / BAYOU CITY ENERGY MANAGEMENT LLC

Director

Purchase79,218$13.58$1.1M

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns MNR

Institutional value

$312.3M

Total shares held

22.6M

Distinct holders

36

-24 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1KAYNE ANDERSON CAPITAL ADVISORS LP19.0M$265.4M-227.5K (-1.2%)Trimmed
2ING GROEP NV1.0M$14.2M-6.0K (-0.6%)Trimmed
3FIRST TRUST ADVISORS LP497.7K$7.0M-41.3K (-7.7%)Trimmed
4CIBC Bancorp USA Inc.425.6K$6.0MNew
5Chicago Partners Investment Group LLC247.3K$3.2M-851 (-0.3%)Trimmed
6LPL Financial LLC193.3K$2.7MNew
7FRANKLIN RESOURCES INC182.9K$2.6M-1.7K (-0.9%)Trimmed
8Invesco Ltd.163.5K$2.3M-24.2K (-12.9%)Trimmed
9STIFEL FINANCIAL CORP139.7K$2.0M-92.3K (-39.8%)Trimmed
10Strategic Financial Concepts, LLC102.7K$1.4MNew
11JANE STREET GROUP, LLC86.9K$1.2M-65.3K (-42.9%)Trimmed
12BLAIR WILLIAM & CO/IL62.4K$874.0KNew
13ENVESTNET ASSET MANAGEMENT INC50.0K$700.0KNew
14SIGNATURE ESTATE & INVESTMENT ADVISORS LLC50.0K$700.0KNew
15UBS Group AG47.4K$664.1K+46.4K (+4639.0%)Added
16NOVEM GROUP22.0K$308.0K+0 (+0.0%)No change
17STEPHENS INC /AR/20.3K$284.7K-3.7K (-15.3%)Trimmed
18Verdence Capital Advisors LLC17.0K$237.7KNew
19Arrow Investment Advisors, LLC15.9K$222.5K+4.1K (+35.2%)Added
20Wilmington Savings Fund Society, FSB10.0K$140.0K+0 (+0.0%)No change

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Top questions investors are asking

Coming once MNR's latest filing finishes processing.