Page: Company Financials
Mach Natural Resources LP
$11.43
-0.14 (-1.21%)
As of: 2026-01-23
Master Data Export
Enterprise Value
| Metric | MRQ | MRQ-1 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Stock Price | 13.18 | 14.44 | 14.39 | 18.06 | 17.88 | 18.34 |
| Market Capitalization | 1,666.70M | 1,708.77M | 1,706.34M | 1,772.09M | 1,698.36M | 1,742.30M |
| (-) Cash & Equivalents | 53.60M | 13.78M | 25.06M | 146.56M | 73.78M | 14.71M |
| (+) Total Debt | 1,150.69M | 580.59M | 735.02M | 792.86M | 253.68M | 49.85M |
| Enterprise Value | 2,763.79M | 2,275.58M | 2,416.31M | 2,418.39M | 1,878.26M | 1,777.45M |
Income Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 1,023M | 916M | 970M | 762M | 937M | 392M |
| Cost of Revenue | 612M | 585M | 638M | 376M | 390M | 176M |
| Gross Profit | 411M | 331M | 332M | 387M | 548M | 216M |
| Gross Profit Margin | 40.2% | 36.2% | 34.2% | 50.7% | 58.4% | 55.1% |
| R&D Expenses | 0M | 0M | 0M | 0M | 0M | 0M |
| SG&A Expenses | 52M | 44M | 41M | 28M | 25M | 61M |
| Operating Expenses | 208M | 44M | 41M | 28M | 25M | 61M |
| Operating Income (EBIT) | 202M | 288M | 291M | 359M | 522M | 155M |
| Operating Income Margin | 19.8% | 31.4% | 30.0% | 47.1% | 55.7% | 39.6% |
| Interest Income | 0M | 0M | 0M | 0M | 0M | 0M |
| Interest Expense | 67M | 85M | 105M | 11M | 5M | 2M |
| Net Interest Income | -67M | -85M | -105M | -11M | -5M | -2M |
| Unusual Items | -29M | 40M | -1M | -1M | -1M | -15M |
| EBT Excluding Unusual Items | 136M | 202M | 186M | 348M | 518M | 154M |
| Pre-Tax Income | 106M | 242M | 185M | 347M | 517M | 138M |
| Pre-Tax Margin | 10.4% | 26.4% | 19.1% | 45.5% | 55.1% | 35.3% |
| Income Tax Expense | 0M | 0M | 0M | 0M | 0M | 0M |
| Net Income | 292M | -36M | 185M | 347M | 517M | 138M |
| Net Income Margin | 28.5% | -3.9% | 19.1% | 45.5% | 55.1% | 35.3% |
| Depreciation & Amortization | 357M | 245M | 271M | 138M | 89M | 41M |
| EBITDA | 559M | 533M | 562M | 497M | 611M | 196M |
| EBITDA Margin | 54.6% | 58.1% | 58.0% | 65.2% | 65.2% | 50.0% |
| NOPAT | 202M | 288M | 291M | 359M | 522M | 155M |
| NOPAT Margin | 19.8% | 31.4% | 30.0% | 47.1% | 55.7% | 39.6% |
| Owner's Earnings | 356M | -18M | 236M | 169M | 362M | 138M |
| Owner's Earnings Margin | 34.8% | -2.0% | 24.3% | 22.2% | 38.7% | 35.2% |
| EPS (Basic) | 0.96 | -0.38 | 1.90 | 0.72 | 5.44 | 1.46 |
| EPS (Diluted) | 2.52 | -0.37 | 1.90 | 3.65 | 5.44 | 1.46 |
| Shares (Basic) | 116M | 95M | 98M | 95M | 95M | 95M |
| Shares (Diluted) | 116M | 96M | 98M | 95M | 95M | 95M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 53.60M | 13.78M | 105.78M | 152.79M | 29.42M | 59.27M |
| Short-Term Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Cash & Short-Term Investments | 53.60M | 13.78M | 105.78M | 152.79M | 29.42M | 59.27M |
| Net Receivables | 213.49M | 146.87M | 171.55M | 132.21M | 129.77M | 93.88M |
| Inventory | 49.36M | 25.84M | 24.30M | 31.38M | 24.70M | 4.94M |
| Other Current Assets | 58.64M | 22.69M | 20.47M | 27.23M | 2.35M | 20.38M |
| Total Current Assets | 375.09M | 209.18M | 322.10M | 343.60M | 186.23M | 178.47M |
| Property, Plant & Equipment | 3,349.26M | 2,091.38M | 2,005.99M | 1,938.70M | 698.16M | 343.18M |
| Goodwill | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Intangible Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Long-Term Investments | 0.00M | 3.24M | 0.64M | 15.11M | 0.00M | 0.00M |
| Tax Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Non-Current Assets | 47.83M | 30.36M | 9.49M | 7.10M | 3.05M | 3.72M |
| Other Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Assets | 3,397.10M | 2,124.99M | 2,016.12M | 1,960.91M | 701.21M | 346.91M |
| Total Assets | 3,772.19M | 2,334.16M | 2,338.21M | 2,304.52M | 887.44M | 525.38M |
| Accounts Payable | 87.11M | 50.34M | 54.44M | 47.44M | 19.85M | 7.58M |
| Short-Term Debt | 6.72M | 5.27M | 88.09M | 72.64M | 10.77M | 0.00M |
| Tax Payables | 0.00M | 0.00M | 5.20M | 3.44M | 3.66M | 3.03M |
| Deferred Revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Current Liabilities | 281.24M | 210.74M | 204.70M | 151.39M | 118.37M | 118.83M |
| Total Current Liabilities | 375.07M | 266.34M | 352.42M | 274.91M | 152.64M | 129.44M |
| Long-Term Debt | 1,158.32M | 575.32M | 678.08M | 751.85M | 88.94M | 85.80M |
| Capital Lease Obligations | 21.07M | 10.32M | 14.89M | 17.47M | 14.81M | 0.00M |
| Deferred Tax Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Non-Current Liabilities | 275.20M | 116.81M | 108.67M | 86.04M | 52.63M | 31.44M |
| Total Non-Current Liabilities | 1,454.58M | 702.45M | 801.64M | 855.35M | 156.38M | 117.24M |
| Total Liabilities | 1,829.65M | 968.79M | 1,154.06M | 1,130.26M | 309.02M | 246.68M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 1,963.60M | 0.00M | 1,199.05M | 1,191.72M | 593.23M | 278.70M |
| Retained Earnings | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Accumulated OCI | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Minority Interest | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Shareholders’ Equity | 1,963.60M | 0.00M | 1,199.05M | 1,191.72M | 593.23M | 278.70M |
| Total Equity | 1,963.60M | 0.00M | 1,199.05M | 1,191.72M | 593.23M | 278.70M |
| Total Liabilities & Equity | 3,793.26M | 968.79M | 2,353.10M | 2,321.99M | 902.25M | 525.38M |
| Tangible Assets | 3,772.19M | 2,334.16M | 2,338.21M | 2,304.52M | 887.44M | 525.38M |
| Tangible Equity | 1,963.60M | 0.00M | 1,199.05M | 1,191.72M | 593.23M | 278.70M |
| Tangible Book Value | 1,963.60M | 0.00M | 1,199.05M | 1,191.72M | 593.23M | 278.70M |
| Total Investments | 0.00M | 3.24M | 0.64M | 15.11M | 0.00M | 0.00M |
| Net Debt | 1,111.44M | 566.81M | 660.39M | 671.69M | 70.29M | 26.53M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Working Capital | 0.0M | -57.2M | -30.3M | 68.7M | 33.6M | 49.0M |
| Total Capital | 3,128.6M | 1,956.3M | 1,965.2M | 2,016.2M | 692.9M | 364.5M |
| Capital Employed | 3,397.1M | 2,067.8M | 1,985.8M | 2,029.6M | 734.8M | 395.9M |
| Invested Capital | 3,075.0M | 1,942.5M | 1,859.4M | 1,863.4M | 663.5M | 305.2M |
Cash Flow Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Net Income | 106.41M | 242.23M | 185.18M | 346.56M | 516.84M | 138.37M |
| Depreciation & Amortization | 266.12M | 244.80M | 270.97M | 137.62M | 88.59M | 40.69M |
| Deferred Income Tax | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Stock-Based Compensation | 8.13M | 6.25M | 6.53M | 3.44M | 7.53M | 45.30M |
| Change in Working Capital | 9.04M | 21.08M | -1.61M | 53.82M | -19.40M | -41.11M |
| Accounts Receivable | -5.02M | -13.46M | -46.87M | 15.63M | -33.77M | -74.46M |
| Inventory | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Accounts Payable | 8.47M | 8.30M | 3.33M | 5.73M | 12.18M | 8.97M |
| Other Working Capital | 5.59M | 26.24M | 41.93M | 32.46M | 2.19M | 24.39M |
| Other Non-Cash Items | 122.17M | -32.96M | 44.22M | -49.70M | -40.01M | 15.21M |
| Net Cash from Operating Activities | 511.87M | 481.41M | 505.29M | 491.74M | 553.54M | 198.46M |
| Capital Expenditures (PPE) | -291.97M | -227.06M | -220.32M | -314.80M | -243.03M | -41.01M |
| Acquisitions (Net) | 0.73M | 0.59M | 0.00M | 39.15M | 0.00M | 0.00M |
| Purchases of Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Sales / Maturities of Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Investing Activities | -644.17M | -702.07M | -86.00M | -751.51M | -129.64M | -153.74M |
| Net Cash from Investing Activities | -935.41M | -928.54M | -306.32M | -1,027.16M | -372.66M | -194.74M |
| Net Debt Issuance | 365.48M | 595.75M | -61.88M | 644.00M | -0.90M | 42.10M |
| Long-Term Debt Issuance | 365.48M | 595.75M | -61.88M | 644.00M | -0.90M | 42.10M |
| Short-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Stock Issuance | 220.10M | 231.44M | 128.85M | 122.20M | 65.00M | 101.46M |
| Common Stock Issuance | 220.10M | 298.28M | 128.85M | 188.47M | 65.00M | 101.46M |
| Common Stock Repurchased | 0.00M | -66.83M | 0.00M | -66.26M | 0.00M | 0.00M |
| Preferred Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Dividends Paid | -260.33M | -247.15M | -309.83M | -101.35M | -274.84M | -146.00M |
| Common Dividends Paid | -260.33M | -247.15M | -309.83M | -101.35M | -274.84M | -146.00M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | -32.64M | -7.11M | -3.14M | -6.06M | 0.00M | -2.15M |
| Net Cash from Financing Activities | 292.61M | 572.93M | -245.99M | 658.79M | -210.74M | -4.58M |
| Effect of FX on Cash | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Change in Cash | -130.93M | 125.80M | -47.02M | 123.38M | -29.86M | -0.87M |
| Cash at Beginning of Period | 311.88M | 507.45M | 152.79M | 29.42M | 59.27M | 60.14M |
| Cash at End of Period | 180.94M | 633.25M | 105.78M | 152.79M | 29.42M | 59.27M |
| Operating Cash Flow | 511.87M | 481.41M | 505.29M | 491.74M | 553.54M | 198.46M |
| Capital Expenditure | -291.97M | -227.06M | -220.32M | -314.80M | -243.03M | -41.01M |
| Free Cash Flow | 219.90M | 254.35M | 284.98M | 176.94M | 310.52M | 157.45M |
Free Cash Flow
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| EBITDA | 714.86M | 532.70M | 561.96M | 496.76M | 610.97M | 196.09M |
| (-) Tax Adjustment | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| (-) Change In Working Capital | 9.04M | 21.08M | -1.61M | 53.82M | -19.40M | -41.11M |
| (-) Capital Expenditure | -291.97M | -227.06M | -220.32M | -314.80M | -243.03M | -41.01M |
| Unlevered Free Cash Flow | 413.85M | 284.56M | 343.25M | 128.13M | 387.35M | 196.19M |
| (-) Net Interest Income After Taxes | -66.67M | -85.46M | -104.60M | -11.20M | -4.85M | -1.66M |
| Net Debt Issuance | 365.48M | 595.75M | -61.88M | 644.00M | -0.90M | 42.10M |
| Levered Free Cash Flow | 845.99M | 965.77M | 385.97M | 783.33M | 391.30M | 239.95M |