Mach Natural Resources LP (MNR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Mach Natural Resources published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Mach is a limited partnership, so EPS is net income per common unit. Its total revenues include gains and losses on oil and natural gas derivatives, which were a $59.8 million loss in Q3 2026.
• The IKAV and Sabinal acquisitions closed in September 2025, so Q3 2025 includes those assets only from their closing dates.

Source: Mach Natural Resources Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Mach Natural Resources splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Mach Natural Resources's Oil, natural gas, and NGL sales revenue was $360 million in Q3 2026, up 53% from $235 million in Q3 2025, 113% of total revenue.
• Mach Natural Resources's Midstream revenue revenue was $9.2 million in Q3 2026, up 40% from $6.6 million in Q3 2025, 3% of total revenue.
• Mach Natural Resources's Product sales revenue was $10.3 million in Q3 2026, up 52% from $6.7 million in Q3 2025, 3% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Mach's release gives a 2027 capital and production range and no revenue or earnings outlook. It says further guidance details are on its website.

In its Q3 2026 release, Mach Natural Resources said:

“The Company plans to spend $275 million to $325 million in total capital for development”

“The 2027 forecast for total production is expected to range between 134 MBoe/d to 142 MBoe/d.”

Source: Mach Natural Resources Q3 2026 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the MNR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenues and diluted net income per common unit from each quarter's 10-Q, since Mach's releases print no per-unit figure. Q4 2025 revenue is the 10-K annual figure ($1,175.4 million) minus the nine-month figure, and Mach published no Q4 per-unit figure.

We do not hold a confirmed date for Mach Natural Resources's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

Mach Natural Resources reported total revenues of $319.2 million in Q3 2026, up 17% from $272.6 million. The headline figure includes a $59.8 million loss on oil and natural gas derivatives, against a $24.8 million gain a year earlier. Before derivatives, oil, natural gas and NGL sales were $359.6 million, up 53%. (Mach Natural Resources Form 10-Q, Q3 2026, Nov 5, 2026)

Mach is an upstream oil and gas producer in the Anadarko, Permian and San Juan Basins. In Q3 2026 its production averaged 147 Mboe/d, of which 15% was oil, 69% natural gas and 16% NGLs. By revenue the mix flips: oil was 49% of production revenues, natural gas 34% and NGLs 17%. (Mach Natural Resources Q3 2026 release (8-K Exhibit 99.1), Nov 5, 2026)

Mach's 10-Q attributes the sales increase mainly to a 56% production increase, worth $81.6 million of sales, and higher oil and NGL prices, worth $54.3 million, partly offset by lower natural gas prices ($10.9 million). Production rose 4,849 MBoe, and the IKAV and Sabinal Acquisitions of September 2025 added about 4,978 MBoe. (Mach Natural Resources Form 10-Q, Q3 2026, Nov 5, 2026)

Realized prices before derivatives were $85.84 per barrel of oil, up from $64.79, $2.17 per Mcf of natural gas, down from $2.54, and $30.02 per barrel of NGLs, up from $21.78. Mach says the larger derivative losses were primarily due to the significant increase in oil prices during the quarter: realized losses of $12.9 million and unrealized losses of $46.9 million. (Mach Natural Resources Form 10-Q, Q3 2026, Nov 5, 2026)

Mach Natural Resources earned net income of $10.2 million, or $0.06 per diluted common unit, in Q3 2026, against a net loss of $35.7 million, or $0.28 per unit, a year earlier. The Q3 2025 loss included a $90.4 million impairment of oil and gas properties. (Mach Natural Resources Form 10-Q, Q3 2026, Nov 5, 2026)

Mach does not report an adjusted EPS. Its main non-GAAP measure, Adjusted EBITDA, was $183 million, against net income of $10 million. The largest items between them were depreciation, depletion, amortization and accretion of $97.4 million, a $46.9 million unrealized derivative loss and $25.5 million of net interest expense. (Mach Natural Resources Q3 2026 release (8-K Exhibit 99.1), Nov 5, 2026)

Diluted weighted average common units rose to 168.1 million from 126.5 million a year earlier. Mach also raised $35.5 million of gross proceeds year to date through its at-the-market equity program and applied the $34.6 million of net proceeds to debt reduction. (Mach Natural Resources Form 10-Q, Q3 2026, Nov 5, 2026; Mach Natural Resources Q3 2026 release (8-K Exhibit 99.1), Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Mach Natural Resources gives an annual capital and production outlook, not a revenue or earnings forecast. For 2027 it plans to spend $275 million to $325 million on development while keeping its targeted reinvestment rate at no more than 50% of operating cash flow, and expects total production of 134 MBoe/d to 142 MBoe/d. (Mach Natural Resources Q3 2026 release (8-K Exhibit 99.1), Nov 5, 2026)

Mach declared a quarterly cash distribution of $0.22 per common unit for Q3 2026, payable November 30, 2026. After the quarter it cut its operated rig count from three to one and said this positions it for a full-year 2026 reinvestment rate under 50% and a significant increase in the fourth-quarter per-unit distribution. (Mach Natural Resources Q3 2026 release (8-K Exhibit 99.1), Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Mach Natural Resources, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Mach Natural Resources's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning MNR is on is MNR a buy or a sell?, what analysts expect next is on the MNR forecast, and what the company does is on the Mach Natural Resources LP (MNR) stock page.

Every number on this page can be traced to a document Mach Natural Resources published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.