Filing Flows › Mach Natural Resources LP (MNR) › Q1 2026
Mach Natural Resources LP (MNR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Mach Natural Resources LP (MNR) reported revenue of $286M for the first quarter 2026 (Q1 2026), +26% from a year earlier and -26% from the quarter before. Operating margin was -3.4%, net loss $35.0M (12.3% of revenue).
Mach Natural Resources LP, Q1 2026: revenue $286M (+26% year over year), operating margin -3.4%, net loss $35.0M, operating cash flow $170M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $286M | -26% | +26% |
| Operating profit | −$9.7M | -110% | -119% |
| Net earnings | −$35.0M | -148% | -321% |
| Operating cash flow | $170M | +32% | +20% |
| Free cash flow | $115M | — | +25% |
What changed
Revenue was $285.9M in Q1 2026, up 26% year over year and down 26% from the previous quarter.
Operating costs exceeded revenue by $9.7M, an operating margin of -3.4%. Total costs grew 69% against revenue growth of 26%. The quarter ended with a net loss of $35.0M, after a profit of $73.1M the previous quarter. Net interest and other expense of $25.3M was the main reason.
Operating cash flow was $170.3M (up 20% year over year). Non-cash charges added back $98.2M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $103.6M. Capital expenditures of $55.3M left free cash flow of $115.0M.
Questions
What was Mach Natural Resources LP's revenue in the first quarter 2026?
Mach Natural Resources LP (MNR) reported revenue of $286M for the first quarter 2026 (Q1 2026), +26% from a year earlier and -26% from the quarter before.
Was Mach Natural Resources LP profitable in the first quarter 2026?
Operating loss was $9.7M (-3.4% of revenue) and net loss $35.0M.