Mach Natural Resources (MNR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Mach Natural Resources

NYSE•Energy•Oil & Gas E&P

$10.90-0.30(-0.03%)Pre-market

Market Cap

$1.84B

P/E

18.3x

P/S

1.4x

P/B

1.0x

Mach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids (NGL) reserves. The company owns a portfolio of midstream assets, as well as owns gathering systems, processing plants. and water infrastructure. It also operates proved developed producing (PDP) wells. The company has operations in Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas; the San Juan Basin region of New Mexico and Colorado; and the Permian Basin region of West Texas. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.

How this company scores

GoodMetricSide Score: 63/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (12/25).

Profitability13/25

Growth13/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowCash-backed earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 18.3x5y range 3.8x – 26.3x

Currently above its 9-quarter median.

P/S · 1.4x5y range 1.2x – 2.0x

Currently near its 9-quarter median.

P/B · 1.0x5y range 0.7x – 1.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 62.8% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $1.84B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.35B
Q. Revenue: $405.95M
TTM EBITDA: $523.59M
TTM Op. Income: $194.74M
Q. Op. Income: $122.47M
TTM Net Income: $100.61M
Q. Net Income: $98.21M
EPS: $0.59
Shares Out.: $167.54M

$1.35B in TTM revenue grew 34.4% YoY, reaching $405.95M last quarter. TTM EBITDA of $523.59M and TTM operating income of $194.74M show growth is flowing through to the bottom line. TTM net income of $100.61M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 31.2%
Op. Margin: 30.2%
Net Margin: 24.2%

Op. margin of 30.2% is down 8.4% YoY — costs are rising relative to revenue. Net margin at 24.2% Over the past year, operating margin is down 22% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 18.3x
P/S Ratio: 1.4x
P/B Ratio: 1.0x

At 18.3x P/E, the stock trades within typical market levels. P/S of 1.4x and P/B of 1.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 124% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.68B
Cash: $41.19M
Long-Term Debt: $1.17B
Book Value: $1.84B
D/E Ratio: 0.6
Debt/EBITDA: 9.2

With $3.68B in assets and $1.17B in long-term debt, D/E is 0.6and book value is $1.84B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $153.65M
TTM Free Cash Flow: $650.48M
FCF Margin: 48.1%
FCF / Net Income: 6.5

TTM FCF of $650.48M on $153.65M in operating cash flow. The FCF / Net Income ratio of 6.5x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.