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Mach Natural Resources LP cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$30.6M in Q3 2026 · $241M over twelve months

Operating cash flow$135M
Capital spending−$104M
Free cash flow+$30.6M
Cash / net income13.2×

Analysis

In Q3 2026, Mach Natural Resources LP generated $135M of operating cash flow and spent $104M on capital projects, leaving free cash flow of $30.6M. That is $465M more than in Q3 2025 (−$434M).

Over the twelve months to Sep 30, 2026, operating cash flow was $588M; the largest uses were capital spending ($347M), other financing ($269M), other investing ($3.9M); besides operations, cash came from net borrowing (+) / repaid (−) ($10.4M), asset & business sales ($255K); the cash balance fell by $23.1M.

Operating cash flow was $135M against net income of $10.2M — 13.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$97.4M, receivables −$32.8M, payables +$7.9M.

Free cash flow

Mach Natural Resources LP: free cash flow by quarterMach Natural Resources LP: free cash flow by quarter$86.7MQ4 2024$92.2MQ1 2025$70.3MQ2 2025−$434MQ3 2025$32.1MQ4 2025$115MQ1 2026$63.1MQ2 2026$30.6MQ3 2026
Operating cash flow less capital spending.
Mach Natural Resources LP: operating cash flow against capital spendingMach Natural Resources LP: operating cash flow against capital spendingOperating cash flowCapital spending$134M$46.9MQ4 2024$143M$50.3MQ1 2025$130M$59.8MQ2 2025$106M$540MQ3 2025$129M$96.7MQ4 2025$170M$55.3MQ1 2026$154M$90.5MQ2 2026$135M$104MQ3 2026
Latest (Q3 2026): Operating cash flow $135M, Capital spending $104M.

Capital allocation, year by year

Mach Natural Resources LP: where the cash came from (up) and went (down), by fiscal yearMach Natural Resources LP: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY2021: Operating cash flow $198MFY2021: Net borrowing $42.1MFY2021: Asset sales $85KFY2021: Capital spending −$37.8M$241MFY2021FY2022: Operating cash flow $554MFY2022: Net borrowing −$900KFY2022: Asset sales $231KFY2022: Capital spending −$234M$554MFY2022FY2023: Operating cash flow $492MFY2023: Net borrowing $644MFY2023: Shares issued $168MFY2023: Asset sales $36KFY2023: Capital spending −$302M$1.3BFY2023FY2024: Operating cash flow $505MFY2024: Net borrowing −$61.9MFY2024: Shares issued $129MFY2024: Asset sales $942KFY2024: Capital spending −$209M$635MFY2024FY2025: Operating cash flow $507MFY2025: Net borrowing $387MFY2025: Shares issued $221MFY2025: Asset sales $503KFY2025: Capital spending −$262M$1.1BFY2025
Over these 5 years operating cash flow totalled $2.3B; the largest uses were capital spending ($1.0B) and net borrowing ($62.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$30.5M
Debt$1.2B
Net debt$1.1B

Mach Natural Resources LP funds itself: free cash flow was $241M over the last twelve months, and $30.5M of cash and investments stands against $1.2B of debt.

Where the cash came from and went

Mach Natural Resources LP: sources (+) and uses (−) of cash, Q3 2026Mach Natural Resources LP: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$135MCapital spending−$104MOther financing−$27.2MNet borrowing (+) / repaid (−)−$14.6MCash drawn (+) / kept (−)$10.7MOther investing$597KTaxes on employees’ shares−$107KAsset & business sales$46K
Mach Natural Resources LP: sources (+) and uses (−) of cash, TTM to Q3 2026Mach Natural Resources LP: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$588MCapital spending−$347MOther financing−$269MCash drawn (+) / kept (−)$23.1MNet borrowing (+) / repaid (−)$10.4MOther investing−$3.9MTaxes on employees’ shares−$1.7MAsset & business sales$255K

From profit to cash

Mach Natural Resources LP: net income to operating cash flow, Q3 2026Mach Natural Resources LP: net income to operating cash flow, Q3 2026Net income$10.2MDepreciation & amortization$97.4MStock-based pay$3.5MGains on disposals−$77KReceivables−$32.8MPayables$7.9MOperating cash flow$135M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$135M−$104M−$14.6M—$10.7M$30.6M
Q2 2026$154M−$90.5M$35.0M—$11.5M$63.1M
Q1 2026$170M−$55.3M−$10.0M—−$10.1M$115M
Q4 2025$129M−$96.7M—−$1K$11.0M$32.1M
Q3 2025$106M−$540M−$108M—−$39.8M−$434M
Q2 2025$130M−$59.8M$265M−$493K−$6.0M$70.3M
Q1 2025$143M−$50.3M$230M$222M$98.0M$92.2M
Q4 2024$134M−$46.9M−$20.6M−$960K$78.8M$86.7M

Mach Natural Resources LP: income statement and cash flow

Mach Natural Resources LP, Q3 2026: revenue $319M (+17% year over year), operating margin 11.5%. The chart follows the revenue to costs, profit and cash.

Mach Natural Resources LP: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.