Mach Natural Resources (MNR)
Produces oil, natural gas, and NGLs across three U.S. basins.
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Produces oil, natural gas, and NGLs across the Anadarko, Permian, and San Juan basins. Its acquisition-led portfolio has material natural-gas exposure and operates as a distribution-oriented upstream partnership.
Produces oil, natural gas, and NGLs from assets in the Anadarko, Permian, and San Juan basins. The portfolio is concentrated in the United States and has material natural-gas exposure. Acquisitions expanded the company over time from an Anadarko platform into a three-basin producer.
Operates as a distribution-oriented upstream partnership led by Tom L. Ward. Its executive, operating, and administrative personnel are supplied under a management-services agreement with affiliated Mach Resources rather than employed directly by the LP. Commodity prices, reserve estimates, financing access, and integration of acquired assets shape the business.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 4, 2026 | Capital One Financial | Target | Target: — | Target: $16 |
| Aug 10, 2026 | Northland Securities | Target | Target: $20 | Target: $17 |
| Jul 14, 2026 | Raymond James | Reiterate | Rating: —Target: $18 | Target: $19 |
| Jul 13, 2026 | Stephens | Target | Target: — | Target: $20 |
| Jun 18, 2026 | Raymond James | Reiterate | Rating: —Target: — | Target: $18 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $41.2M · Total debt $1.19B · Total assets $3.68B · Shareholders' equity $1.84B
- Revenue
- $406.0M
- Operating income
- $122.5M
- Net income
- $98.2M
HistoryDividendAnnual yield
| Institutions | 15.51% | 25.89M shares | |
|---|---|---|---|
| 74 holders · as of Jun 30, 2026 | |||
| Insiders | 30.84% | 51.49M shares | |
| 9 holders · as of Sep 17, 2026 | |||
| Other | 53.65% | 89.57M shares | |
| remainder | |||
166.95M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Tom L. WardInsiderdirector, 10 percent owner, officer, other: See Remarks | 16.29% | 27.20M | filed Sep 16, 2026 |
General Partner S.a r.l. IKAV1Insider10 percent owner | 14.15% | 30.61M | filed May 19, 2026 |
Kayne Anderson Capital Advisors LPInstitution | 9.29% | 15.52M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 1.47% | 2.46M | as of Jun 30, 2026 |
Morgan StanleyInstitution | 1.16% | 1.94M | as of Jun 30, 2026 |
- General Partner S.a r.l. IKAV's transaction reports restate only vehicles that traded; the 2025 ownership statement (30.61M) less the 6.98M net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | William Wallace McMullen | director, 10 percent owner, other: See Remarks | +34,514 | $11.27 |
| Sep 14, 2026 | Tom L. Ward | director, 10 percent owner, officer, other: See Remarks | +172,413 | $11.60 |
| Apr 13, 2026 | Tom L. Ward | director, 10 percent owner, officer, other: See Remarks | +76,628 | $13.05 |
| Apr 8, 2026 | General Partner S.a r.l. IKAV | 10 percent owner | −5,557,679 | $12.81 |
| Mar 19, 2026 | William Wallace McMullen | director, 10 percent owner, other: See Remarks | +3,570 | $14.00 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mach Natural Resources | $10.88 | +0.00% | $1.81B | 19.4 | 7.6 | 1.3 | +74.3% |
| Occidental Petroleum | $57.28 | +1.71% | $56.01B | 8.7 | 12.2 | 2.2 | +25.7% |
| Permian Resources | $21.71 | +1.95% | $17.83B | 14.1 | 9.7 | 3.1 | +55.2% |
| Matador Resources | $52.52 | +1.27% | $6.44B | 8.9 | 6.4 | 1.7 | +28.2% |
| APA | $43.21 | +2.15% | $14.95B | 8.9 | 8.8 | 1.7 | +10.2% |
| SM Energy | $34.52 | +1.77% | $8.13B | 8.8 | 4.7 | 1.5 | +218.4% |
| Median | 8.9 | 8.8 | 1.7 | +28.2% |