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Earnings analysis · 10-Q

MNR earnings analysis

Filed May 7, 2026 · Our reading of the company's report

The latest report

In Q1 2026, Mach Natural Resources LP reported revenue of $285.9 million, a 26% increase year-over-year, driven largely by a 95% increase in production. However, the company posted a diluted EPS loss of $0.31, down from…

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In Q1 2026, Mach Natural Resources LP reported revenue of $285.9 million, a 26% increase year-over-year, driven largely by a 95% increase in production. However, the company posted a diluted EPS loss of $0.31, down from a profit of $0.14 in Q1 2025, reflecting significant unrealized losses on derivatives due to market volatility.

Read the original on SEC.gov

Reported figures

Earnings per share
$-0.31

What stood out

  • Revenue Growth of 26% YOY

    Revenue reached $285.93 million, up from $226.77 million in Q1 2025.

  • 95% Increase in Production Volumes

    Production volumes surged to 14,179 MBoe from 7,283 MBoe, driven by acquisitions.

  • Midstream Revenue Increased by 57%

    Midstream revenue grew to $9.61 million from $6.13 million due to acquisitions.

  • Operating Cash Flow Rose by 19%

    Operating cash flow was $170.31 million, up from $142.52 million in Q1 2025.

  • Cash Available for Distribution Increased

    Cash available for distribution was $107.35 million compared to $94.58 million in Q1 2025.

  • Decreased Debt Payments

    Net cash used in financing activities decreased by $63.2 million year-over-year.

What to watch

  • Significant Unrealized Losses on Derivatives

    The company incurred a loss of $96.9 million on oil and natural gas derivatives, up from $40.7 million last year.

  • High Levels of Debt

    Total debt stood at $1.14 billion under the New Credit Agreement, raising financial stability concerns.

  • Operational Challenges Amid Market Volatility

    Commodity prices remain highly volatile, impacting revenue predictability.

Management's outlook

Outlook deferred to earnings press release / call.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.