secwatch.observer — SEC 8-K summary
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Issuer:     MACH NATURAL RESOURCES LP (MNR)
CIK:        0001980088
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001213900-24-028235
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1980088/000121390024028235/0001213900-24-028235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1980088/000121390024028235/ea0202989-8k_machnat.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-028235

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