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Mach Natural Resources LP ( (MNR) ) has issued an announcement.
Mach Natural Resources LP reported its financial and operational results for the fourth quarter and full year 2024, highlighting a net income of $37 million for the quarter and $185 million for the year. The company successfully integrated two acquisitions and closed a bolt-on acquisition, improving its financial position by refinancing its term loan with a new revolving credit facility. Mach declared a quarterly cash distribution of $0.50 per unit for the fourth quarter of 2024, reflecting its commitment to maximizing shareholder returns. The company plans to invest $260 million to $280 million in development for 2025, with a focus on maintaining a reinvestment rate of no more than 50% of operating cash flow.
More about Mach Natural Resources LP
Mach Natural Resources LP operates in the oil and gas industry, focusing on the exploration and production of oil, natural gas, and natural gas liquids. The company is primarily active in the Anadarko and Ardmore Basins, with a market focus on maximizing distributions and maintaining a disciplined reinvestment strategy.
YTD Price Performance: -12.63%
Average Trading Volume: 324,981
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.67B
See more data about MNR stock on TipRanks’ Stock Analysis page.