Financial Data and Key Metrics Changes - In Q3 2024, the company reported production of 82,000 BOE per day, with 23% from oil, 53% from natural gas, and 24% from NGLs [19] - Average realized prices were $74.55 per barrel of oil, $1.73 per Mcf of gas, and $22.61 per barrel of NGLs, with total oil and gas revenues of $209 million [19] - The company generated adjusted EBITDA of $134 million and operating cash flow of $111 million, with free cash flow of $52 million after CapEx of $53 million [21] Business Line Data and Key Metrics Changes - The lease operating expense (LOE) for Q3 was $44 million or $5.85 per BOE, which is at the low end of guidance [20] - The company drilled and brought online 11 gross and nine net wells while running two rigs during the quarter [11] Market Data and Key Metrics Changes - Average prices realized in Q3 were $74.55 per barrel of oil, which is a 6% decrease from Q2 [10] - The company has hedged 50% of its next 12 months' production and 25% of the second 12 months to mitigate risks from falling prices [9] Company Strategy and Development Direction - The company focuses on maintaining financial strength with a long-term debt-to-EBITDA ratio of one or less, disciplined execution, and maximizing cash distributions [6][7] - The strategy includes acquiring cash-flowing assets at discounts and maintaining a reinvestment rate of less than 50% of operating cash flow [7][8] - The company plans to increase its rig count to three in 2025 and expand drilling into new locations [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to make acquisitions during periods of lower pricing due to low leverage [10] - The company anticipates that demand for energy will continue to grow, driven by global population and economic development [8] - Management noted an improving pipeline of deals and increased interest from sellers, which could lead to higher distributions per unit in the coming year [17] Other Important Information - The company completed a follow-on public offering generating proceeds of $129 million to fund acquisitions [16] - The company ended the quarter with $184 million in cash and an undrawn $75 million revolver [20] Q&A Session Summary Question: What is the 2025 plan for turn-in-lines? - Management indicated that the 2025 plan assumes turning on a little over 40 gross wells [22][24] Question: Is the 2025 program more smoothed out compared to 2024? - Management stated that the 2025 program is not set up to be lumpy, but it depends on pricing and the 50% reinvestment rate [24][26] Question: How is the early performance of the recent acquisitions? - The combined production from the recent acquisitions was about 5,000 BOE per day, which is not expected to significantly impact fourth-quarter guidance [35] Question: What is the outlook for refinancing the term loan? - Management is considering options for refinancing, including the robust RBL high-yield market, but timing and covenants will play a role in the decision [50][52] Question: What are the thoughts on deeper Mississippi wells? - Management expressed confidence in the rate of return from deeper Mississippi wells, indicating they are highly competitive [48]

Here are two stocks with buy rank and strong income characteristics for investors to consider today, November 13:Mach Natural Resources LP (MNR) : This oil and gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% the last 60 days.This Zacks Rank #1 company has a dividend yield of 22.0%, compared with the industry average of 0.0%.Premier, Inc. (PINC) : This healthcare improvement company has witnessed the Zacks Consensus Estimate for its current year earnings i ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Units MNR New York Stock Exchange Large accelerated filer o Accelerated filer o Non-accelerated filer x Smaller reporting company o Emerging growth company x UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION ...

As such, the Zacks rating upgrade for Mach Natural Resources LP is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Harnessing the Power of Earnings Estimate Revisions For the fiscal year ending December 2024, this company is expected to earn $4.03 per share, which is a change of 459.7% from the year-ago reported number. You can learn more about the Zacks Rank here >>> Individual investors often find it hard to make decisions based on rating upgra ...

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Mach Natural Resources LP (MNR) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question. Mach Natural Resources LP is a member of the Oils-Energy sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Ra ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-41849 Mach Natural Resources LP (Exact name of registrant as specified in its charter) Delaware ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...

Mach Natural Resources LP (MNR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41849 Mach Natural Resources LP ________________________________________ ( ...

Mach Natural Resources LP Reports 2023 Results and Year-End Reserves OKLAHOMA CITY, Oklahoma, April 1, 2024 — 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 Company reaffirmed its guidance for 2024. Exhibit 99.1 Recent Highlights Tom L. Ward, Mach's Chief Executive Officer, noted, "2023 was a transformative year for Mach. We successfully completed the largest IPO for an E&P company since 20 ...