Mach Natural Resources LP (MNR)

NYSE: MNR · IEX Real-Time Price · USD
19.85
+0.14 (0.71%)
Jul 16, 2024, 11:50 AM EDT - Market open
0.71%
Market Cap 1.87B
Revenue (ttm) 809.29M
Net Income (ttm) 18.53M
Shares Out 95.00M
EPS (ttm) 0.20
PE Ratio 101.07
Forward PE 6.07
Dividend $3.00 (15.11%)
Ex-Dividend Date May 24, 2024
Volume 17,097
Open 19.77
Previous Close 19.71
Day's Range 19.63 - 19.89
52-Week Range 14.40 - 21.19
Beta n/a
Analysts Strong Buy
Price Target 26.00 (+30.98%)
Earnings Date Aug 25, 2024

About MNR

Mach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas. It also owns a portfolio of midstream assets, as well as owns plants and water infrastructure. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma. [Read more]

Sector Energy
IPO Date Oct 25, 2023
Employees 444
Stock Exchange NYSE
Ticker Symbol MNR
Full Company Profile

Financial Performance

In 2023, MNR's revenue was $762.31 million, a decrease of -18.68% compared to the previous year's $937.41 million. Earnings were $68.52 million, a decrease of -86.74%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for MNR stock is "Strong Buy." The 12-month stock price forecast is $26.0, which is an increase of 30.98% from the latest price.

Price Target
$26.0
(30.98% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Mach Natural Resources LP Schedule K-3 for 2023 Now Available

OKLAHOMA CITY--(BUSINESS WIRE)--Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced that the Company's 2023 Schedule K-3s, reflecting items of international tax relevance, ...

14 days ago - Business Wire

Mach Natural Resources LP Reports First Quarter 2024 Results; Declares Quarterly Cash Distribution of $0.75 Per Unit

OKLAHOMA CITY--(BUSINESS WIRE)--Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today reported financial and operating results for the three months ended March 31, 2024. The Company al...

2 months ago - Business Wire

Mach Natural Resources LP Announces Earnings Release and Conference Call Schedule for First Quarter 2024

OKLAHOMA CITY--(BUSINESS WIRE)--Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) announced today that it will report first quarter 2024 results on Monday, May 13, 2024, after market clo...

2 months ago - Business Wire

Mach Natural Resources LP Reports 2023 Results and Year-End Reserves

OKLAHOMA CITY--(BUSINESS WIRE)--Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today reported financial and operating results for the year-ended December 31, 2023. In addition, the Co...

3 months ago - Business Wire

Mach Natural Resources LP Announces Earnings Release and Conference Call Schedule

OKLAHOMA CITY--(BUSINESS WIRE)--Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) announced today that it will host a conference call to discuss its full-year 2023 financial and operatin...

4 months ago - Business Wire

Mach Natural Resources LP 2023 Schedule K-1 Tax Packages for Common Units Now Available

OKLAHOMA CITY--(BUSINESS WIRE)--Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced that the Company's tax packages for the year ended Dec. 31, 2023, for common units, whic...

4 months ago - Business Wire

Mach Natural Resources LP Declares Fourth Quarter 2023 Cash Distribution and Provides 2024 Guidance

OKLAHOMA CITY--(BUSINESS WIRE)--Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) announced today that the board of directors of its general partner declared a quarterly cash distributio...

5 months ago - Business Wire

Mach Natural Resources Completes the Acquisition of Paloma Anadarko Basin Assets

OKLAHOMA CITY--(BUSINESS WIRE)--Mach Natural Resources acquires Paloma's Anadarko Basin assets, funded by new debt & cash. Existing debt repaid, new $75M credit line available.

7 months ago - Business Wire

Mach Natural Resources LP Announces Third-Quarter 2023 Financial and Operating Results

OKLAHOMA CITY , Dec. 6, 2023 /PRNewswire/ -- Mach Natural Resources LP (NYSE: MNR) ("Mach" or the "Company") today reported financial and operating results for the three and nine months ended Septembe...

7 months ago - PRNewsWire

Mach Natural Resources LP Announces Earnings Release and Conference Call Schedule for Third Quarter 2023

OKLAHOMA CITY , Nov. 29, 2023 /PRNewswire/ -- Mach Natural Resources LP (NYSE: MNR) (the "Company") will release its third quarter 2023 results after the close of trading on the New York Stock Exchang...

8 months ago - PRNewsWire

Mach Natural Resources Adds Accretive Acquisition in Anadarko Basin

OKLAHOMA CITY , Nov. 13, 2023 /PRNewswire/ -- Mach Natural Resources LP (NYSE: MNR) ("Mach" or the "Company") signed an agreement with Paloma Partners IV, LLC, a privately-held Delaware limited liabil...

8 months ago - PRNewsWire