Added to YB: 2026-05-14
Pitch date: 2026-05-12
MNR [neutral]
Mach Natural Resources LP
Author Info
HFI Research is a contrarian investment research firm with expertise in the energy sector with a focus on oil and natural gas. Sign up for the newsletter.
Company Info
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 (NGL) reserves.
Market Cap
$2.2B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.44
P/E
20.83
EV/Sales
3.00
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Mach Natural Resources - Q1 2026 Reinforces The Value Case At A Mid-Teens Yield
MNR (earnings): Q1 prod 157.5 MBoe/d (+95% YoY from IKAV/Sabinal deals), LOE $7.12/Boe (down 5% QoQ). Adj EBITDA $194.6M (+22% YoY), CAD $107.4M (+22% QoQ). Dist $0.64/unit = 17% yield at $14 price. PV-10 $3.1B covers 90%+ of $3.4B EV at $65 WTI; exceeds EV at $98 WTI. Pivoting rigs to oil (Oswego 87-145% IRR). Net debt $1.08B, 1.3x EBITDA vs 1.0x target. Risk: San Juan uncontracted gas ~$1/Mcf
Read full article (5 min)