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Mach Natural Resources LP (MNR)
NYSE:MNR
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Earnings Data
Report Date
Apr 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.6Last Year’s EPS
0.44Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 01, 2024
|% Change Since: 13.21%
|Next Earnings Date:Dec 07, 2023
Earnings Call Sentiment|Positive
The earnings call conveyed a generally positive outlook with efficient financial management, cost reduction, and strong cash flow and distributions. However, there are concerns regarding the decline in oil prices and expected increase in lease operating expenses.Company Guidance
During the Mach Natural Resources Q3 2024 earnings call, the company provided comprehensive guidance highlighting several key metrics. The financial strategy focuses on maintaining a long-term debt-to-EBITDA ratio of 1x or less, acquiring assets at a discount to PDP PV-10, and maintaining a reinvestment rate of less than 50% of operating cash flow to optimize distributions. The company has hedged 50% of its production for the next 12 months and 25% for the following 12 months to manage price volatility. In Q3, Mach's production was 82,000 Boe per day, with realized prices of $74.55 per barrel of oil and $1.73 per Mcf of natural gas. Their LOE was $5.85 per Boe, at the low end of guidance. They plan to increase their rig count to three in 2025, with intentions to expand drilling activities in the Ardmore Basin and other areas. The company completed a follow-on public offering in Q3, generating $129 million to fund acquisitions, contributing to their enterprise value of $2.3 billion. Adjusted EBITDA was reported at $134 million, with $52 million in free cash flow used for debt repayment and distributions.Strong Financial Strategy and Execution
Maintained a low leverage profile with a long-term debt-to-EBITDA ratio goal of 1x or less. Successfully generated $129 million from a follow-on public offering to fund acquisitions, while keeping leverage low.
Cost Efficiency and Production Improvements
Achieved a reduction in cost per completed foot from $248 to $231 and increased lateral length from 6,123 feet to 6,536 feet in Q3. Lease operating expense was $5.85 per Boe, at the low end of guidance.
Strong Cash Flow and Distributions
Generated $52 million of free cash flow used to pay down debt and distribute $62 million or $0.60 per unit distribution, maintaining a focus on maximizing cash distributions.
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MNR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MNR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $15.59 | $15.66 | +0.45% |
| Aug 13, 2024 | $17.35 | $17.97 | +3.57% |
| May 13, 2024 | $17.93 | $17.74 | -1.06% |
| Apr 01, 2024 | $17.12 | $17.12 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mach Natural Resources LP (MNR) report earnings?
Mach Natural Resources LP (MNR) is schdueled to report earning on Apr 07, 2025, TBA Not Confirmed.
What is Mach Natural Resources LP (MNR) earnings time?
Mach Natural Resources LP (MNR) earnings time is at Apr 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MNR EPS forecast?
MNR EPS forecast for the fiscal quarter 2024 (Q4) is 0.6.
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