Mach Natural Resources reports 2023 revenue $762M, net income $347M; first distribution $0.95/unit

MACH NATURAL RESOURCES LP

2024-Q1 EPS reported $0.44 revenue$239,155,000

Full-year 2023 average production 50,440 Boe/d (29% oil, 54% gas, 17% NGLs); total revenue $762M, net income $347M.
Adjusted EBITDA $450M; net cash from operations $492M; year-end proved reserves 345,650 MBoe with PV-10 $2.577B.
Closed $815M acquisition of Paloma assets on Dec 28, 2023; completed IPO of 10M units at $19.00 on Oct 27, 2023.
Declared first quarterly distribution of $0.95 per common unit paid March 14, 2024; reaffirmed 2024 guidance with capex $250-275M.
Derivative hedges in place: oil swaps ~$73/Bbl for 2024, nat gas swaps ~$3.2/Mmbtu; target leverage <1x net debt/Adjusted EBITDA.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MACH NATURAL RESOURCES LP reported the year-ended December 31, 2023 results: revenue $762 million, net income $347 million. Guidance reaffirmed.

Period: the year-ended December 31, 2023
Revenue: $762 million
Net income: $347 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of realized derivative settlements) of $77.57 per barrel of crude oil, $24.52 per barrel of NGLs and $2.52 per Mcf of natural gas ■ Generated total revenues and net income of $762 million and $347 million, respectively ■ Generated net cash provided by operating activities of $492 million ■ Delivered Adjusted EBITDA (1) of $450 million Year-End 2023 Estimated

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Source: SEC EDGAR

accession 0001213900-24-028235

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