Mach Natural Resources LP (MNR) Income Statement
MNR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMNR revenue and net income
Where MNR's revenue goes
2025Each bar shows an amount and its share of revenue. MNR kept 24.3% of revenue as net income.
MNR profit margins
MNR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +21.2% | +7.8% | +47.6% | +31.2% |
| Gross profit | +18.1% | −10.6% | +21.6% | +19.6% |
| Operating income | +15.3% | −13.7% | — | +24.5% |
| Net income | +54.4% | −17.9% | — | +27.3% |
| EPS (diluted) | −32.1% | −38.1% | — | +19.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MNR quarterly EPS vs estimates
Mach Natural Resources beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.28).
MNR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.18B | $969.6M | $762.3M | $937.4M | $392.5M | $167.8M | $158.5M | $139.4M | $113.5M | $94.9M |
| Cost of revenue | $783.4M | $637.8M | $375.5M | $389.6M | $176.2M | $20.2M | $20.7M | $24.4M | $17.3M | $14.7M |
| Gross profit | $392.0M | $331.8M | $386.8M | $547.8M | $216.3M | $147.6M | $137.8M | $115.0M | $96.2M | $80.2M |
| Sales, general & admin | $56.6M | $40.8M | $27.7M | $25.5M | $60.9M | $8.9M | $9.1M | $8.8M | $7.8M | $7.9M |
| Total operating expenses | $56.6M | $40.8M | $27.7M | $25.5M | $60.9M | $65.7M | $61.6M | $47.3M | $39.3M | $34.0M |
| Operating income | $335.4M | $291.0M | $359.1M | $522.4M | $155.4M | −$22.1M | $29.8M | $67.6M | $57.0M | $46.2M |
| Interest income | $72.2M | $104.6M | $11.2M | $4.9M | — | — | — | — | — | — |
| Interest expense | $72.2M | $104.6M | $11.2M | $4.9M | $1.7M | $36.4M | $36.9M | $32.3M | $25.8M | $21.8M |
| Income before taxes | $143.0M | $185.2M | $346.6M | $516.8M | $138.4M | −$22.1M | $29.8M | $56.0M | $40.3M | $32.5M |
| Income taxes | — | — | $278.0M | $3.2M | −$13.7M | $36.4M | $36.9M | $20.7M | $9.1M | $8.2M |
| Net income | $286.0M | $185.2M | $346.6M | $516.8M | $138.4M | −$22.1M | $29.8M | $56.0M | $40.3M | $32.5M |
| EBITDA | $508.0M | $560.7M | $495.4M | $610.3M | $180.7M | $65.5M | $113.9M | $128.1M | $98.7M | $81.5M |
| EPS (diluted) | $1.29 | $1.90 | $1.87 | $5.44 | $0.27 | −$0.27 | $0.51 | −$0.03 | $0.40 | $0.33 |
| Gross margin | 33.4% | 34.2% | 50.7% | 58.4% | 55.1% | 88.0% | 86.9% | 82.5% | 84.8% | 84.5% |
| Operating margin | 28.5% | 30.0% | 47.1% | 55.7% | 39.6% | −13.2% | 18.8% | 48.5% | 50.2% | 48.6% |
| Net margin | 24.3% | 19.1% | 45.5% | 55.1% | 35.3% | −13.2% | 18.8% | 40.2% | 35.5% | 34.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $406.0M | $382.8M | $387.5M | $272.6M | $288.5M | $226.8M | $234.9M | $255.5M | $240.0M | $239.2M | $181.4M | $175.4M |
| Cost of revenue | $5.4M | $286.9M | $272.5M | $112.7M | $168.4M | $164.2M | $166.7M | $151.4M | $158.1M | $161.6M | $113.6M | $86.3M |
| Gross profit | $400.6M | $95.9M | $115.1M | $159.9M | $120.1M | $62.5M | $68.2M | $104.1M | $81.9M | $77.6M | $67.8M | $89.1M |
| Sales, general & admin | $8.8M | $6.9M | $13.9M | $23.1M | $8.8M | $10.9M | $9.7M | $9.4M | $11.4M | $10.3M | $12.4M | $5.4M |
| Total operating expenses | $278.1M | $8.8M | $13.9M | $179.1M | $8.8M | $10.9M | $9.7M | $9.4M | $11.4M | $10.3M | $12.4M | $5.4M |
| Operating income | $122.5M | $87.2M | $101.2M | −$19.2M | $111.3M | $51.7M | $58.5M | $94.7M | $70.5M | $67.2M | $55.4M | $83.7M |
| Interest income | — | — | $25.3M | $16.9M | $12.1M | $17.9M | $24.5M | $26.8M | — | — | — | — |
| Interest expense | $24.5M | $24.4M | $25.3M | $12.1M | $12.1M | $17.9M | $24.5M | $26.8M | $27.0M | $26.3M | $5.4M | $2.1M |
| Income before taxes | $98.2M | −$35.0M | $73.1M | −$35.7M | $89.7M | $15.9M | $36.5M | $67.4M | $39.5M | $41.7M | $93.6M | $83.5M |
| Income taxes | — | — | — | — | — | — | — | — | — | $278.0M | $278.0M | $3.8M |
| Net income | $98.2M | −$35.0M | $216.1M | −$35.7M | $89.7M | $15.9M | $221.7M | $67.4M | $39.5M | $41.7M | −$184.5M | $83.5M |
| EBITDA | $221.0M | $38.7M | $194.9M | $42.1M | $168.9M | $97.4M | $130.9M | $159.8M | $134.6M | $135.5M | $99.1M | $118.6M |
| EPS (diluted) | $0.38 | −$0.21 | $0.50 | −$0.28 | $0.76 | $0.31 | $0.34 | $0.70 | $0.42 | $0.44 | $0.99 | $0.88 |
| Gross margin | 98.7% | 25.1% | 29.7% | 58.7% | 41.6% | 27.6% | 29.0% | 40.7% | 34.1% | 32.4% | 37.4% | 50.8% |
| Operating margin | 30.2% | 22.8% | 26.1% | −7.0% | 38.6% | 22.8% | 24.9% | 37.1% | 29.4% | 28.1% | 30.6% | 47.7% |
| Net margin | 24.2% | −9.2% | 55.8% | −13.1% | 31.1% | 7.0% | 94.4% | 26.4% | 16.5% | 17.4% | −101.7% | 47.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MNR's financial statements (latest annual report filed March 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MNR financial results
In fiscal year 2025 (ended December 31, 2025), Mach Natural Resources reported revenue of $1.2 billion, up 21.2% from the year before. It had net income of $286.0 million (up 54.4%), a net profit margin of 24.3%. Diluted earnings per share came to $1.29. Over five years revenue grew at an average rate of 47.6% a year.
See the MNR stock overview for the latest quote and news, or the MNR chart for price history and technical indicators.
MNR income statement FAQ
What is Mach Natural Resources's annual revenue?
Mach Natural Resources reported total revenue of $1.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 21.2% from $969.6 million the previous year.
Is Mach Natural Resources profitable?
Yes. Mach Natural Resources reported net income of $286.0 million in fiscal 2025, a net profit margin of 24.3%; its operating margin was 28.5%.
What is Mach Natural Resources's gross margin?
Mach Natural Resources's gross margin was 33.4% in fiscal 2025: for every $100 of revenue, Mach Natural Resources kept $33 after the direct cost of its products and services.
How fast is Mach Natural Resources growing?
Revenue grew 47.6% a year on average over the last five fiscal years, from $167.8 million to $1.2 billion.
What are Mach Natural Resources's earnings per share?
Mach Natural Resources earned $1.29 per diluted share in fiscal 2025, compared with $1.90 a year earlier.
When will Mach Natural Resources report its next earnings?
Mach Natural Resources is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Mach Natural Resources's fiscal year end?
Mach Natural Resources's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 12, 2026.