MNR FY 2025 Earnings Report — Mach Natural Resources LP Revenue & Financial Results | Market Cap Arena

Mach Natural Resources LPMNR

FY 2025 Earnings

Reported March 12, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.1B	—	$970M	—	12.8%
Op. Income	$254M	—	$291M	—	-12.7%
Gross Margin	28.4%	—	34.2%	—	-5.8pp
Net Margin	13.1%	—	19.1%	—	-6.0pp
EPS (Diluted)	$1.09	—	$1.90	—	-42.6%
Free Cash Flow	$236M	—	$285M	—	-17.0%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$783M
GROSS PROFIT	$311M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$57M
Other Expenses	$0
Operating Expenses	$57M
Cost & Expenses	$840M
OPERATING INCOME	$254M
Interest Income	$0
Interest Expense	$72M
Other Income/Expenses	-$111M
INCOME BEFORE TAX	$143M
Income Tax Expense	$0
Net Income from Continuing Ops	$143M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$143M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$143M
D&A	$293M
EBIT	$254M
EBITDA	$547M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$783M
GROSS PROFIT	$311M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$57M
Other Expenses	$0
Operating Expenses	$57M
Cost & Expenses	$840M
OPERATING INCOME	$254M
Interest Income	$0
Interest Expense	$72M
Other Income/Expenses	-$111M
INCOME BEFORE TAX	$143M
Income Tax Expense	$0
Net Income from Continuing Ops	$143M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$143M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$143M
D&A	$293M
EBIT	$254M
EBITDA	$547M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$143M
Depreciation & Amortization	$293M
Stock-Based Compensation	$9M
Deferred Income Tax	$0
Other Non-Cash Items	$85M
Change in Working Capital	-$23M
OPERATING CASH FLOW	$507M
Capital Expenditure	-$271M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$899M
NET CASH FROM INVESTING	-$899M
Net Debt Issuance	$362M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$254M
NET CASH FROM FINANCING	$329M
FREE CASH FLOW	$236M
Net Change in Cash	-$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$43M
Short-Term Investments	$0
Net Receivables	$230M
Inventory	$44M
Other Current Assets	$61M
TOTAL CURRENT ASSETS	$378M
PP&E (Net)	$250M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$12M
Tax Assets	$0
Other Non-Current Assets	$3.1B
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$3.8B
Account Payables	$70M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$283M
TOTAL CURRENT LIABILITIES	$360M
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$271M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$1.8B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$2.3B
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$1.2B
Net Debt	$1.1B