Mach Natural Resources Q1 2024 net income $42M; declares $0.75/unit distribution

MACH NATURAL RESOURCES LP

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

Net income of $42 million on revenue of $239 million; adjusted EBITDA of $169 million.
Average production 89.0 Mboe/d (23% oil); lease operating expense $5.03/Boe below guidance.
Declared quarterly cash distribution of $0.75 per unit, payable June 10, 2024, record May 28, 2024.
Reaffirmed full-year 2024 operational and financial guidance.
Pro forma net-debt-to-adjusted-EBITDA ratio of 0.9x; cash balance $151 million.

item 2.02 item 7.01 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 three months ended March 31, 2024 results: revenue $239 million, net income $42 million. Guidance reaffirmed.

Period: the three months ended March 31, 2024
Revenue: $239 million
Net income: $42 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

on capital employed and cash return on capital invested, revealing a focus on cash returns.” First-Quarter 2024 Financial Results Mach reported total revenue and net income of $239 million and $42 million in the first quarter of 2024, respectively. Also during the first quarter, the average realized price was $77.17 per barrel of oil, $2.35 per Mcf of natural gas,

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Source: SEC EDGAR

accession 0001213900-24-042506

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