MNR
Mach Natural Resources LP
NYSEUSDEQUITY
Energy
DELAYED
Sell
-34/100
Last price
10.66
▲ 0.11 (1.04%)
MARKET · —
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Tool
1D
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Open
—
Prev close
10.55
Day high
10.67
Day low
10.45
Volume
270.36K
Market cap
$1.78B
P/E (TTM)
17.77
52W range
10.15 – 15.02
Trailing performance
Returnvs SPY
1W
+4.10%
+2.2%
1M
-15.19%
-16.4%
3M
-17.43%
-21.9%
6M
-15.60%
-33.8%
YTD
-3.44%
-17.7%
1Y
-18.94%
-35.4%
3Y
—
-82.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on MNR open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-5.20M
Net selling
Buy transactions
3
360.18K shares
Sell transactions
1
5.56M shares
Net transactions
+4
Buys less sells
Sell : buy shares
15.4 : 1
Heavily one-sided
Insider-held shares
38.26M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 15, 26 | MCMULLEN WILLIAM WALLACE Director and Beneficial Owner of more than 10% of a Class of Security |
BUY | 34.51K | $388.90K | |
| Sep 14, 26 | WARD TOM L Officer, Director and Beneficial Owner |
BUY | 172.41K | $2.00M | Indirect |
| Apr 13, 26 | WARD TOM L Officer, Director and Beneficial Owner |
BUY | 153.26K | $2.00M | Indirect |
| Apr 8, 26 | IKAV GENERAL PARTNER S.A R.L. Beneficial Owner of more than 10% of a Class of Security |
SELL | 5.56M | $71.19M | Indirect |
| Mar 23, 26 | MCMULLEN WILLIAM WALLACE Director and Beneficial Owner of more than 10% of a Class of Security |
BUY | 9.29K | $128.80K | Indirect |
| Mar 20, 26 | BURN CHRISTOPHER Director |
BUY | 2.00K | $27.92K | Direct |
| Feb 9, 26 | WHITE KEVIN R Officer |
STOCK | 11.89K | $150.00K | Direct |
| Feb 9, 26 | REEL MICHAEL E Officer |
STOCK | 5.15K | $65.01K | Direct |
| Dec 31, 25 | BURN CHRISTOPHER Director |
STOCK | 13.59K | $150.00K | Direct |
| Dec 9, 25 | MCMULLEN WILLIAM WALLACE Director and Beneficial Owner of more than 10% of a Class of Security |
BUY | 30.00K | $372.23K | Indirect |
| Nov 26, 25 | WARD TOM L Officer, Director and Beneficial Owner |
BUY | 40.00K | $465.20K | Indirect |
| Nov 25, 25 | WARD TOM L Officer, Director and Beneficial Owner |
BUY | 43.66K | $499.91K | Indirect |
| Nov 17, 25 | WARD TOM L Officer, Director and Beneficial Owner |
BUY | 83.37K | $1.00M | Indirect |
| Nov 14, 25 | MCMULLEN WILLIAM WALLACE Director and Beneficial Owner of more than 10% of a Class of Security |
BUY | 4.61K | $54.60K | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BURN CHRISTOPHER |
Director | 15.59K | Purchase |
GIESINGER EDGAR R JR |
Director | 29.11K | Stock Award(Grant) |
IKAV GENERAL PARTNER S.A R.L. |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
KEATING FRANCIS A |
Director | 29.11K | Stock Award(Grant) |
MCMULLEN WILLIAM WALLACE |
Director and Beneficial Owner of more than 10% of a Class of Security | — | Purchase |
PERICH STEPHEN C |
Director | 29.11K | Stock Award(Grant) |
REEL MICHAEL E |
Officer | 85.82K | Stock Award(Grant) |
WARD TOM L |
Officer, Director and Beneficial Owner | — | Purchase |
WHITE KEVIN R |
Officer | 455.87K | Stock Award(Grant) |
Fundamentals
Market cap$1.78B
Enterprise value$2.93B
Revenue (TTM)$1.30B
Gross profit$707.05M
EBITDA$643.65M
Net income$100.61M
EPS (TTM)$0.60
Free cash flow$-303.06M
Total cash$41.19M
Total debt$1.19B
Book value / share$11.05
Shares outstanding166.95M
Float61.79M
Short % of float2.08%
Dividend yield16.89%
Beta (5Y)-0.37
Valuation & profitability ratios
Trailing P/E17.77
Forward P/E8.00
PEG ratio—
Price / sales—
Price / book0.97
EV / revenue2.26
EV / EBITDA4.55
Gross margin54.46%
Operating margin33.65%
Profit margin7.75%
Return on equity6.25%
Return on assets4.05%
Debt / equity64.62
Current ratio0.88
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.18B | $969.63M | $762.31M | $937.41M | +21.2% |
| Operating revenue | $1.18B | $969.63M | $762.31M | $937.41M | +21.2% |
| Cost of revenue | $783.37M | $637.80M | $375.51M | $389.58M | +22.8% |
| Gross profit | $392.02M | $331.83M | $386.80M | $547.84M | +18.1% |
| Selling, general & admin | $56.64M | $40.84M | $27.65M | $25.45M | +38.7% |
| Total operating expense | $56.64M | $40.84M | $27.65M | $25.45M | +38.7% |
| Operating income | $335.38M | $290.99M | $359.14M | $522.38M | +15.3% |
| Net interest income | -$72.22M | -$104.60M | -$11.20M | -$4.85M | +31.0% |
| Pre-tax income | $142.98M | $185.18M | $346.56M | $516.84M | -22.8% |
| Net income | $285.97M | $370.36M | $415.08M | $516.84M | -22.8% |
| Net income to common | $142.98M | $185.18M | $68.52M | $516.84M | -22.8% |
| Basic EPS | 1.09 | 1.90 | 0.72 | 5.44 | -42.6% |
| Diluted EPS | 1.09 | 1.90 | 0.72 | 5.44 | -42.6% |
| EBIT | $215.20M | $289.77M | $357.76M | $521.69M | -25.7% |
| EBITDA | $507.97M | $560.74M | $495.38M | $610.28M | -9.4% |
| Basic shares | 131.46M | 97.59M | 94.91M | 95.00M | +34.7% |
| Diluted shares | 131.54M | 97.70M | 94.91M | 95.00M | +34.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $42.63M | $105.78M | $152.79M | $29.42M | -59.7% |
| Cash & short-term investments | $42.63M | $105.78M | $152.79M | $29.42M | -59.7% |
| Accounts receivable | $230.42M | $171.55M | $132.21M | $130.07M | +34.3% |
| Inventory | $43.51M | $24.30M | $31.38M | $24.70M | +79.1% |
| Total current assets | $377.95M | $322.10M | $343.60M | $186.65M | +17.3% |
| Property, plant & equipment | $3.35B | $2.01B | $1.94B | $698.16M | +67.1% |
| Total assets | $3.78B | $2.34B | $2.30B | $887.86M | +61.5% |
| Total current liabilities | $359.92M | $352.42M | $274.91M | $153.06M | +2.1% |
| Current debt | — | $82.50M | $61.88M | — | — |
| Long-term debt | $1.14B | $668.78M | $745.14M | $84.90M | +71.1% |
| Total debt | $1.16B | $766.17M | $824.49M | $99.71M | +51.9% |
| Total liabilities | $1.79B | $1.14B | $1.11B | $294.63M | +56.9% |
| Shareholder equity | $0 | $0 | $0 | $0 | — |
| Working capital | $18.03M | -$30.32M | $68.69M | $33.59M | +159.5% |
| Net tangible assets | $0 | $0 | $0 | $0 | — |
| Shares issued | 168.21M | 103.49M | 95.00M | 95.00M | +62.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $142.98M | $185.18M | $346.56M | $516.84M | -22.8% |
| Depreciation & amortisation | $292.76M | $270.97M | $137.62M | $88.59M | +8.0% |
| Stock-based compensation | $9.39M | $6.53M | $3.44M | $7.53M | +43.8% |
| Change in working capital | -$23.49M | -$1.61M | $53.82M | -$19.40M | -1,359.8% |
| Operating cash flow | $506.96M | $505.29M | $491.74M | $553.54M | +0.3% |
| Capital expenditure | -$270.55M | -$220.32M | -$314.80M | -$243.03M | -22.8% |
| Investing cash flow | -$899.16M | -$306.32M | -$1.03B | -$372.66M | -193.5% |
| Share buybacks | $0 | $0 | -$66.26M | $0 | — |
| Dividends paid | -$244.50M | -$309.83M | -$101.35M | -$274.84M | +21.1% |
| Financing cash flow | $329.06M | -$245.99M | $658.79M | -$210.74M | +233.8% |
| Free cash flow | $236.41M | $284.98M | $176.94M | $310.52M | -17.0% |
| End cash position | $42.63M | $105.78M | $152.79M | $29.42M | -59.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $405.95M | $285.93M | $387.54M | $272.56M | $288.52M | — | +42.0% |
| Operating revenue | $405.95M | $382.82M | $387.54M | $272.56M | $288.52M | — | +6.0% |
| Cost of revenue | $272.81M | $286.88M | $272.45M | $178.27M | $168.42M | — | -4.9% |
| Gross profit | $133.14M | -$958.00K | $115.09M | $94.29M | $120.10M | — | +13,997.7% |
| Selling, general & admin | $10.67M | $8.75M | $13.91M | $23.06M | $8.80M | — | +21.9% |
| Total operating expense | $10.67M | $8.75M | $13.91M | $23.06M | $8.80M | — | +21.9% |
| Operating income | $122.47M | -$9.71M | $101.18M | $71.23M | $111.30M | — | +1,361.4% |
| Net interest income | -$24.52M | -$24.42M | -$25.27M | -$16.92M | -$12.14M | — | -0.4% |
| Pre-tax income | $98.21M | -$35.04M | $73.09M | -$35.65M | $89.66M | — | +380.3% |
| Net income | $98.21M | -$35.04M | $216.07M | -$35.65M | $89.66M | — | +380.3% |
| Net income to common | $98.21M | -$35.04M | $73.09M | -$35.65M | $89.66M | — | +380.3% |
| Basic EPS | 0.59 | -0.21 | — | -0.28 | 0.76 | 0.14 | +381.0% |
| Diluted EPS | 0.58 | -0.21 | — | -0.28 | 0.76 | 0.14 | +376.2% |
| EBIT | $122.73M | -$10.62M | $98.36M | -$18.73M | $101.80M | — | +1,255.5% |
| EBITDA | $220.96M | $87.55M | $194.86M | $46.84M | $168.90M | — | +152.4% |
| Basic shares | 167.54M | 168.32M | — | 126.46M | 118.34M | 112.13M | -0.5% |
| Diluted shares | 168.03M | 168.32M | — | 126.46M | 118.39M | 112.20M | -0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $41.19M | $52.69M | $42.63M | $53.60M | $13.78M | -21.8% |
| Cash & short-term investments | $41.19M | $52.69M | $42.63M | $53.60M | $13.78M | -21.8% |
| Accounts receivable | $215.30M | $229.27M | $230.42M | $213.49M | $146.87M | -6.1% |
| Inventory | $42.37M | $42.46M | $43.51M | $49.36M | $25.84M | -0.2% |
| Total current assets | $316.66M | $342.41M | $377.95M | $375.09M | $209.18M | -7.5% |
| Property, plant & equipment | $3.33B | $3.32B | $3.35B | $3.35B | $2.09B | +0.3% |
| Total assets | $3.68B | $3.69B | $3.78B | $3.77B | $2.33B | -0.5% |
| Total current liabilities | $361.73M | $411.38M | $359.92M | $375.07M | $266.34M | -12.1% |
| Long-term debt | $1.17B | $1.13B | $1.14B | $1.14B | $565.00M | +3.1% |
| Total debt | $1.19B | $1.15B | $1.16B | $1.17B | $580.59M | +3.2% |
| Total liabilities | $1.83B | $1.84B | $1.79B | $1.81B | $958.47M | -0.7% |
| Shareholder equity | $0 | $0 | $0 | $0 | $0 | — |
| Working capital | -$45.07M | -$68.96M | $18.03M | $20.00K | -$57.16M | +34.6% |
| Net tangible assets | $0 | $0 | $0 | $0 | $0 | — |
| Shares issued | 166.90M | 168.22M | 168.21M | 168.14M | 118.34M | -0.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $98.21M | -$35.04M | $73.09M | -$35.65M | $89.66M | +380.3% |
| Depreciation & amortisation | $98.23M | $98.17M | $96.50M | $65.58M | $67.10M | +0.1% |
| Stock-based compensation | $3.41M | $3.55M | $3.04M | $2.13M | $2.10M | -3.8% |
| Change in working capital | -$3.11M | -$12.37M | -$40.36M | $165.00K | $20.55M | +74.8% |
| Operating cash flow | $153.65M | $170.31M | $128.75M | $105.55M | $130.14M | -9.8% |
| Capital expenditure | -$95.37M | -$60.05M | -$99.35M | -$57.29M | -$62.52M | -58.8% |
| Investing cash flow | -$95.03M | -$60.97M | -$90.80M | -$595.98M | -$134.38M | -55.9% |
| Dividends paid | -$106.78M | -$89.17M | -$46.84M | -$44.98M | -$93.49M | -19.8% |
| Financing cash flow | -$70.12M | -$99.28M | -$48.92M | $530.25M | $10.23M | +29.4% |
| Free cash flow | $58.28M | $110.27M | $29.40M | $48.26M | $67.62M | -47.1% |
| End cash position | $41.19M | $52.69M | $42.63M | $53.60M | $13.78M | -21.8% |
Options analytics
Put / call volume
5.67
Put-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
5.00
-53.1% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
-12.5%
Calls bid over puts
Call volume
3
Contracts, this expiry
Put volume
17
Contracts, this expiry
Heaviest call OI
5.00
0 contracts
Heaviest put OI
10.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.38 | 0.58 | +53.4% |
| Mar 2026 | 0.47 | -0.21 | -144.9% |
| Dec 2025 | 0.27 | 0.50 | +85.2% |
| Sep 2025 | 0.32 | -0.28 | -186.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.30 | 6 | $344.40M | +26.4% |
| Next quarter | 0.42 | 6 | $370.75M | -4.3% |
| Current year | 1.31 | 6 | $1.43B | +22.0% |
| Next year | 1.31 | 6 | $1.40B | -2.1% |
Analyst targets & ownership
Mean target$16.63
High target$20.00
Low target$14.00
Implied upside55.96%
Analyst count8
ConsensusSTRONG BUY
Strong buy / Buy0 / 7
Hold2
Sell / Strong sell0 / 0
Held by insiders22.92%
Held by institutions61.02%
Institutions holding80
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
10.40
+2.51% from price
SMA 20
11.02
-3.24% from price
SMA 50
12.15
-12.25% from price
SMA 100
12.70
-16.05% from price
SMA 200
12.69
-15.98% from price
EMA 12
10.64
+0.19% from price
EMA 26
11.18
-4.66% from price
EMA 50
11.78
-9.51% from price
RSI (14)
34.3
Neutral
MACD (12,26,9)
-0.54
Hist 0.03
ATR (14)
0.25
2.36% of price
Realised vol 30D
35.8%
Annualised
Bollinger upper
12.68
20, 2σ
Bollinger lower
9.35
20, 2σ
50 / 200 cross
Death
12.15 vs 12.69
Trend bias
Below 200
-15.98%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.07
Less volatile than market
Correlation to SPY
0.03
Largely independent
Realised vol 30D
35.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-31.3%
Peak to trough
Max drawdown 5Y
-51.2%
Peak to trough
ATR 14
0.25
2.36% of price
Beta (reported)
-0.37
5Y monthly, from filing
Short interest
Shares short
579.79K
Prior 352.75K
Change vs prior
+64.4%
Shorts adding
% of float
2.08%
Normal
% of shares out
0.35%
Against total outstanding
Days to cover
0.6
Liquid
Float
61.79M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 29, 26 | Raymond James | MAINTAINED | Strong Buy | Strong Buy |
| Jul 14, 26 | Raymond James | MAINTAINED | Strong Buy | Strong Buy |
| Jun 18, 26 | Raymond James | MAINTAINED | Strong Buy | Strong Buy |
| Mar 24, 26 | Truist Securities | INITIATED | Buy | Hold |
| Jan 16, 26 | Keybanc | DOWNGRADE | Overweight | Sector Weight |
| Jan 6, 26 | Stifel | MAINTAINED | Buy | Buy |
| Aug 27, 25 | Keybanc | INITIATED | — | Overweight |
| Aug 25, 25 | William Blair | INITIATED | — | Outperform |
| Jul 14, 25 | Raymond James | MAINTAINED | Strong Buy | Strong Buy |
| Feb 10, 25 | Raymond James | MAINTAINED | Strong Buy | Strong Buy |
| Feb 7, 25 | Stifel | MAINTAINED | Buy | Buy |
| Jan 13, 25 | Truist Securities | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate$1.80 / yr
Forward yield16.89%
5-year avg yield—
Payout ratio303.33%
Ex-dividend dateAug 17, 2026
Next pay dateAug 31, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-06
Periodic Financial Reports
10-Q · 2026-05-07
Corporate Changes & Voting Matters
8-K · 2026-03-12
Corporate Changes & Voting Matters
8-K · 2025-12-17
Corporate Changes & Voting Matters
8-K · 2025-12-10
Corporate Changes & Voting Matters
8-K · 2025-11-06
Offering Registrations
S-3 · 2025-10-30
A correspondence can be sent as a document with another submission type or can be sent as a separate submission
CORRESP · 2025-09-26
Headlines
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Mach Natural Resources (MNR) Q2 2026 Earnings Call Transcript
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Mach Natural Resources (MNR) Could Be 30% Below Fair Value Following Q2 Beat
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Mach Natural Resources (MNR) Stock May Look Stretched On Updated 2026 Outlook
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Mach Natural Resources Q2 Earnings Call Highlights
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