Mach Natural Resources Q2 net income $39.5M; declares $0.90/unit distribution; cuts 2024 capex 15%

MACH NATURAL RESOURCES LP

2024-Q2 EPS reported $0.85 revenue$479,149,000

Net income $39.5M ($0.42/unit) on $240M revenue; Q2 2023 net income was $77.8M on $166.9M revenue.
Declares $0.90/unit quarterly distribution, payable Sep 10 to holders of record Aug 27.
Average production 89.3 Mboe/d (20.9 MBbl/d oil) above high-end guidance; LOE $5.72/Boe below low-end.
2024 capex guidance midpoint cut 15% to $215-240M; rig count reduced from 2 to 1 in Oswego.
Divested Western Anadarko acreage for $38M; cash balance $145M, net-debt-to-EBITDA 0.9x.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.