Quarterly ResultMay 7, 2026, 04:09 PM
Mach Natural Resources Reports Q1 Net Loss of $35.0M
AI Summary
Mach Natural Resources LP reported a net loss of $35.0 million for the first quarter of 2026, a significant decline from the net income of $15.9 million recorded in the same period last year. This occurred despite an increase in total revenues to $285.9 million from $226.8 million year-over-year, largely impacted by a substantial loss on oil and natural gas derivatives. The company saw an increase in net cash provided by operating activities, reaching $170.3 million.
Key Highlights
- Mach Natural Resources reported a net loss of $35.0 million for Q1 2026, compared to net income of $15.9 million in Q1 2025.
- Total revenues increased to $285.9 million in Q1 2026 from $226.8 million in Q1 2025.
- Loss on oil and natural gas derivatives was $96.9 million in Q1 2026, up from $40.7 million YoY.
- Net cash provided by operating activities rose to $170.3 million in Q1 2026 from $142.5 million YoY.
- Capital expenditures for oil and natural gas properties were $55.3 million in Q1 2026.
- Long-term debt decreased to $1.13 billion as of March 31, 2026, from $1.14 billion at year-end 2025.
- Partners' capital decreased to $1.85 billion as of March 31, 2026, from $1.99 billion at year-end 2025.