# Mach Natural Resources LP share price today (Mach Natural Resources LP, MNR)

> Mach Natural Resources LP's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. MNR · Energy · Oil & Gas Exploration & Production · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/mnr

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $10.35 (−13.8% in a year)
- P/E: 16.2×, over 1 year
- Revenue (Jun 2026): $364 M (+63.6% on a year ago)
- Profit (Jun 2026): $98.2 M (+9.5% on a year ago)
- Operating margin: 33.7% (−16.3 points on a year ago)
- ROE: 7%, FY25
- ROIC: 4.9%, against a 3.7% cost of capital: +1.2 points

The main question: the share price moved −13.8% in a year while yearly earnings per share moved −42.7%. The difference came from the market paying a higher multiple. ## What is the Mach Natural Resources LP share price today? Mach Natural Resources LP's share price was $10.35 at the close on 3 November 2026. It has been falling for 12 weeks. That is 18.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between $10 and $15, and at that close it sat 1% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 25 weeks running. Over the last 3 years the share price moved −45% while the S&P 500 moved +84%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 15 May 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Mach Natural Resources LP pay? Mach Natural Resources LP paid $1.80 per share over the last four reported quarters. The most recent declaration was $0.36 for Jun 2026. At today's price of $10.35 that is a yield of 17.39%, based on dividends already paid, not a forecast. ## Which stock lists is Mach Natural Resources LP on? Mach Natural Resources LP is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Mach Natural Resources LP profitable? Mach Natural Resources LP earned $98.2 M of net profit in the Jun 2026 quarter, +9.5% on the same quarter a year earlier. Full-year FY25 profit was $143 M. Over 4 years profit has grown 0.8% a year on average. That is 27.0% of the quarter's revenue. The same quarter a year earlier earned $89.7 M. 3 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $143 M (−22.8% on the year before). Why profit moved: revenue changed +63.6% on a year earlier and the margin moved −16.3 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −91.0% and revenue +39.0%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Mach Natural Resources LP make, and is it growing? Mach Natural Resources LP reported $364 M of revenue in the Jun 2026 quarter, +63.6% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 4 years it has grown 24.2% a year on average. The last full year, FY25, came in at $1.0 B. The last four reported quarters add to $1.3 B. FY25 revenue was $1.0 B, +10.9% on the year before. Recent pace: the last four quarters grew +39.0% on average, against 24.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +39.5%, against +24.7% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Mach Natural Resources LP keep? Mach Natural Resources LP's operating margin was 33.7% in the Jun 2026 quarter, 16.3 percentage points lower than the same quarter a year ago. Across 5 years it has been between 23.4% and 54.6%. The latest quarter is within that range. Why the margin moved: operating margin changed −16.3 percentage points on the year while gross margin changed −2.1 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Mach Natural Resources LP's profit turning into cash? Over the last 3 years, 379% of Mach Natural Resources LP's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $507 M of operating cash against $143 M of profit. After $904 M of spending on assets, free cash was −$397 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Mach Natural Resources LP's cash go? Mach Natural Resources LP does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $2.3 B on assets over the last 3 years. Averaged over those years that is 74.0% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $2.3 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Mach Natural Resources LP's P/E ratio, and how does it compare with its own history? Mach Natural Resources LP's P/E is 16.2×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −42.7% while the price moved −13.8%. The price did better than earnings, which pushed the multiple up within its own range. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Mach Natural Resources LP business getting better or worse? Mach Natural Resources LP's business is giving mixed signals. Revenue growth is rising at +39.5% while profit growth is falling at −52.0%, so the lines disagree and each one tells part of the story. This is based on 11 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Mach Natural Resources LP earn on its capital? Mach Natural Resources LP earned a ROE of 7% in FY25. That is up from a low of 6% in FY23. Its return on capital used (ROIC) is 1.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 13.7% net margin and 0.28× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 13.7% net margin × 0.28× asset turnover × 1.90× leverage (assets divided by equity) ≈ 7.3% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 4.9% − 3.7% = +1.2 percentage points. The 3.7% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Mach Natural Resources LP have too much debt? Mach Natural Resources LP has total debt of $1.2 B against shareholder equity of $1.8 B as of Jun 2026, so its debt is 0.65× its equity. Year by year, that ratio went from 0.31 in FY21 to 0.58 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Mach Natural Resources LP shareholding pattern? 1.2% of Mach Natural Resources LP's tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 0.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Mach Natural Resources LP from balance-sheet trouble? For Mach Natural Resources LP, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Mach Natural Resources LP rank in its industry? There is no score against its industry: Mach Natural Resources LP is not among the largest members shown in this industry comparison for Oil & Gas Exploration & Production. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Mach Natural Resources LP compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Mach Natural Resources LP in size? Mach Natural Resources LP is the 34th largest of 57 Oil & Gas Exploration & Production companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: BKV Corporation, Kimbell Royalty Partners, LP and Vermilion Energy Inc. Just below it: Kosmos Energy, Greenfire Resources and Dorchester Minerals, L.P. ### Oil & Gas Exploration & Production companies close in size

1. [BKV Corporation](https://www.sectoralpha.in/us/stocks/bkv) $2.2 billion
2. [Kimbell Royalty Partners, LP](https://www.sectoralpha.in/us/stocks/krp) $2 billion
3. [Vermilion Energy Inc.](https://www.sectoralpha.in/us/stocks/vet) $1.9 billion
4. Mach Natural Resources LP $1.7 billion
5. [Kosmos Energy Ltd.](https://www.sectoralpha.in/us/stocks/kos) $1.5 billion
6. [Greenfire Resources Ltd.](https://www.sectoralpha.in/us/stocks/gfr) $1.5 billion
7. [Dorchester Minerals, L.P.](https://www.sectoralpha.in/us/stocks/dmlp) $1.4 billion

[All 57 Oil & Gas Exploration & Production companies, largest first](https://www.sectoralpha.in/us/sectors/oil-gas-exploration-production#all-companies)

### Companies close in size in other industries

1. [Flowco Holdings Inc.](https://www.sectoralpha.in/us/stocks/floc) $1.7 billion · Oil & Gas Equipment & Services
2. [Sixth Street Specialty Lending, Inc.](https://www.sectoralpha.in/us/stocks/tslx) $1.7 billion · Asset Management
3. Mach Natural Resources LP $1.7 billion
4. [Nomad Foods Limited](https://www.sectoralpha.in/us/stocks/nomd) $1.7 billion · Packaged Foods
5. [Sally Beauty Holdings, Inc.](https://www.sectoralpha.in/us/stocks/sbh) $1.7 billion · Specialty Retail

## What else do people ask about Mach Natural Resources LP? ### What were Mach Natural Resources LP's latest quarterly results? Mach Natural Resources LP reported revenue of $364 M and net profit of $98.2 M for the Jun 2026 quarter. Revenue rose 63.6% and profit rose 9.5% compared with a year earlier. Earnings per share were $0.58. The operating margin was 33.7%, 16.3 percentage points lower than a year earlier (as of 3 November 2026). ### What is Mach Natural Resources LP's market cap? Mach Natural Resources LP's market capitalisation is $1.7 B at a stock price of $10.35. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Mach Natural Resources LP performing? Mach Natural Resources LP's share price has been falling for 12 weeks. In its latest quarter, revenue rose 63.6% and profit rose 9.5% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 25 weeks running (as of 3 November 2026). ### Will Mach Natural Resources LP's stock price go up? This page does not forecast Mach Natural Resources LP's stock price. What it shows instead: the stock price is $10.35, and it has been falling for 12 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Mach Natural Resources LP in its business cycle? Mach Natural Resources LP's FY25 operating margin was 23.4%, against a 5-year range of 23.4% to 54.6%: the low end of its own range, which is often where recoveries start. The latest quarter was 33.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Mach Natural Resources LP story? The main question: the share price moved −13.8% in a year while yearly earnings per share moved −42.7%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Mach Natural Resources LP a stock worth studying right now? What the numbers show: Mach Natural Resources LP's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.