Mach Natural Resources Q3 pro forma Adj EBITDA $140M, net income $94M; $815M Paloma acquisition

MACH NATURAL RESOURCES LP

Pro forma Q3 2023 sales volumes 66,280 Boe/d, net income $94M, Adjusted EBITDA $140M.
Completed IPO of 10M units at $19/unit; used ~$104M to repay debt and ~$66M to buy units from existing owners.
Signed $815M Paloma acquisition (effective Sep 1, 2023); expected close Dec 29, 2023, adding 75M Boe PDP reserves and ~32,000 Boe/d.
Average realized prices: oil $80.88/bbl, NGLs $23.47/bbl, natural gas $2.36/Mcf; reinvestment rate 50% of Adj EBITDA.
First quarterly cash distribution expected mid-Feb 2024 based on Q4 2023 results; 2024 guidance in Feb 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MACH NATURAL RESOURCES LP reported the third quarter of 2023 results: net income $94 million.

Period: the third quarter of 2023
Net income: $94 million
Result: reported results

Exact text from the filing

Mach reported net income of $94 million for the third quarter of 2023

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MACH NATURAL RESOURCES LP filing history →

Source: SEC EDGAR

accession 0001213900-23-093847

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