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Mach Natural Resources (MNR) investor relations material

Mach Natural Resources Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary8 Aug, 2025

Executive summary

  • Focused on financial strength, disciplined execution, and delivering high cash returns to unitholders, with a shift toward natural gas and expansion into the Permian and San Juan Basins through $1.3 billion in acquisitions.

  • Achieved average Q2 2025 net production of 83.6–84,000 BOE/d, with 23% oil, 53% natural gas, and 24% NGLs.

  • Reported Q2 2025 net income of $89.7–$90 million and Adjusted EBITDA of $122 million.

  • Declared a $0.38 per unit distribution for Q2 2025, totaling $4.87 per unit since IPO.

  • Completed and announced multiple acquisitions since 2024, expanding asset base and production potential.

Financial highlights

  • Q2 2025 total revenue was $288.5–$289 million, with $219 million from production revenues.

  • Lease operating expense was $50 million ($6.52/BOE); cash G&A was $7 million ($0.88/BOE).

  • Net cash provided by operating activities reached $130 million; development CapEx was $64 million.

  • Cash available for distribution was $46 million after legal settlement; $0.38/unit distribution approved.

  • Q2 2025 average realized prices: $63.10/bbl oil, $2.81/Mcf gas, $22.41/bbl NGLs.

Outlook and guidance

  • 2025 capital expenditure budget set at $260–$280 million, focused on drilling and development in key formations.

  • Plan to maintain production through 2027 while spending less than 50% of operating cash flow.

  • Updated guidance will be provided after closing Permian and San Juan Basin transactions in Q3 2025.

  • Natural gas projected to be at least 50% of revenue starting in 2026, with mix exceeding 70% in 2026.

  • Management expects existing cash, operating cash flows, and credit facility availability to support capital needs for at least the next 12 months.

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Frequently asked questions

Mach Natural Resources LP (MNR) is an independent upstream oil and gas company. Its core business focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids (NGL) reserves. The company operates primarily in the Anadarko Basin region, which spans Western Oklahoma, Southern Kansas, and the Texas Panhandle. The company is headquartered in Oklahoma City, Oklahoma, and its shares are listed on the New York Stock Exchange.

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