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How Mach Natural Resources LP (MNR) makes money

Mach Natural Resources LP (MNR) made $319M of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Of every dollar of revenue, 11¢ was left as operating profit, 3¢ was left as net earnings.

Drawing the Sankey…

Mach Natural Resources LP: revenue by line, Q2 2025 to Q2 2026Mach Natural Resources LP: revenue by line, Q2 2025 to Q2 2026Gross oil, natural ga…Net oil, natural gas,…Oil, natural gas, and…Gain (loss) on oil an…Midstream revenueProduct salesGross oil, natural gas, and NGL sales: $368M latest$368MNet oil, natural gas, and NGL sales: $0 latestOil, natural gas, and NGL sales: $0 latestGain (loss) on oil and natural gas derivatives: $23.5M latestMidstream revenue: $9.4M latestProduct sales: $6.2M latestQ2 2025Q3 2025Q4 2025Q2 2026
Gain (loss) on oil and natural gas derivatives went from 19% of revenue in Q2 2025 to 6% in Q2 2026, the largest shift in the mix.
Mach Natural Resources LP revenue by quarterMach Natural Resources LP revenue by quarter$227MQ1 2025$289MQ2 2025$273MQ3 2025$388MQ4 2025$286MQ1 2026$406MQ2 2026$319MQ3 2026
Mach Natural Resources LP: where each dollar of revenue goesMach Natural Resources LP: where each dollar of revenue goesOperating profit11¢Net earnings3¢Operating cash flow42¢Free cash flow10¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$319M100.0%
Operating profit$36.6M11.5%
Net earnings$10.2M3.2%
Operating cash flow$135M42.3%
Free cash flow$30.6M9.6%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$319M+17%
Q2 2026$406M+41%
Q1 2026$286M+26%
Q4 2025$388M+65%
Q3 2025$273M+7%
Q2 2025$289M+20%
Q1 2025$227M-5%

From Mach Natural Resources LP's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Mach Natural Resources LP make money?

Mach Natural Resources LP (MNR) made $319M of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Of every dollar of revenue, 11¢ was left as operating profit, 3¢ was left as net earnings.

What is Mach Natural Resources LP's profit margin?

Net earnings were $10.2M, 3.2% of revenue, in the third quarter 2026; the operating margin was 11.5%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.