earnings
confidence high
sentiment positive
materiality 0.75
Mach Natural Resources reports FY2024 net income $185M, Adj. EBITDA $601M; lowers 2025 interest expense midpoint by $22M
MACH NATURAL RESOURCES LP
- Q4 2024: net income $37M, Adj. EBITDA $162M; production 86.7 Mboe/d; revenue $235M.
- FY2024: net income $185M, Adj. EBITDA $601M; revenue $970M; paid $310M distributions ($3.20/unit).
- Year-end proved reserves 337 MMBoe, PV-10 $1.9B; 25% cash return on capital invested.
- Closed $30M bolt-on acquisition; $230M gross equity offering; refinanced with $750M revolver; lowered interest expense midpoint $22M.
- 2025 guidance: production 79-83 MBoe/d; capital $260-280M; reinvestment rate ≤50% of operating cash flow.