Mach Natural Resources LP ( (MNR) ) has released its Q1 earnings. Here is a breakdown of the information Mach Natural Resources LP presented to its investors.
Mach Natural Resources LP is an independent upstream oil and gas company focused on the acquisition, development, and production of oil, natural gas, and natural gas liquids in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the Texas Panhandle.
In its first quarter of 2025 earnings report, Mach Natural Resources LP reported a solid financial performance, highlighted by a quarterly cash distribution of $0.79 per common unit and reaffirmed its outlook for the year. The company also successfully closed a senior secured reserve-based revolving credit facility.
Key financial metrics for the first quarter included a net income of $16 million and an Adjusted EBITDA of $160 million. The company generated $143 million in net cash from operating activities and incurred $52 million in development costs, maintaining a reinvestment rate of 37%. Additionally, Mach acquired oil and gas assets from XTO Energy for $60 million.
Operationally, Mach achieved an average production of 80.9 thousand barrels of oil equivalent per day, with a production revenue of $253 million. The company also spud and brought online several operated wells, further enhancing its production capabilities.
Looking ahead, Mach Natural Resources LP remains committed to optimizing its business plan to maximize unitholder value while maintaining financial strength and disciplined execution. The company is well-positioned to transition its drilling program toward natural gas amidst a volatile commodity backdrop.