MNR
EnergyMach Natural Resources LP · Oil & Gas Exploration & Production · $2B
What is Mach Natural Resources LP?
Mach Natural Resources LP is an independent upstream oil and gas partnership focused on acquiring, developing, and producing reserves in the Anadarko Basin. Headquartered in Oklahoma City, it targets a concentrated geographic footprint across Western Oklahoma, Southern Kansas, and the Texas panhandle.
The partnership generates revenue by producing and selling oil, natural gas, and natural gas liquids from its Anadarko Basin acreage. Its business model centers on disciplined acquisition of producing assets and ongoing development drilling, with distributions to unitholders funded by operating cash flows. As an upstream-only operator, its financial performance is directly tied to commodity prices and production volumes.
Mach Natural Resources was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.
- Oil production and sales from Anadarko Basin assets
- Natural gas and natural gas liquids extraction
- Upstream reserve acquisition and development
- Regular cash distributions to limited partners
Is MNR a Good Stock to Buy?
UQS Score rates MNR as Below Average overall, reflecting a mixed profile across its five quality pillars.
The Growth pillar stands out as the clearest positive, suggesting the partnership is expanding its production or reserve base at a pace that compares favorably within the sector. Valuation is rated Attractive, meaning the market may not be fully pricing in the asset base relative to peers.
The Moat pillar is rated Weak, indicating limited competitive differentiation — a common challenge for upstream commodity producers. Quality and Risk both land at Neutral, leaving little structural buffer against commodity price swings.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MNR pay dividends?
Yes — Mach Natural Resources LP pays a dividend.
MNR pays a regular distribution to its limited partners, consistent with the master limited partnership structure where operating cash flows are passed through to unitholders. The cadence and level of distributions are tied closely to commodity prices and production output, making them variable by nature. Income-focused investors should weigh this against the inherent cyclicality of upstream energy.
When does MNR report earnings?
Mach Natural Resources reports financial results on a quarterly cadence, typical for US-listed energy partnerships.
As a commodity-driven upstream operator, quarterly results tend to reflect movements in oil and natural gas prices alongside production volumes. The partnership's growth-oriented pillar profile suggests recent operational activity has been constructive, though commodity volatility can create significant swings quarter to quarter.
For the most recent quarter's results and guidance, visit Mach Natural Resources LP's investor relations page directly.
MNR Price History
-0.9% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Mach Natural Resources LP?
Based on Mach Natural Resources LP's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
MNR Long-term Outlook
MNR's Good Growth pillar points to a business that is actively expanding its production base, which could support distribution levels if commodity prices remain supportive. However, the Weak Moat rating signals that the partnership lacks pricing power or structural advantages to insulate it from sector downturns. The Attractive Valuation label suggests the current unit price may offer a margin of safety, but the Neutral Risk rating reminds investors that upstream energy carries inherent commodity and leverage risks.
Growth drivers
- Continued bolt-on acquisitions within the Anadarko Basin
- Development drilling on existing acreage to grow production volumes
- Favorable commodity price environment supporting cash flow generation
Key risks
- Oil and natural gas price volatility directly impacting distributions
- Limited competitive moat in a commodity-driven upstream market
- Execution risk as a relatively young partnership still building its track record
MNR vs Peers
MNR operates in a competitive upstream energy landscape alongside other independent producers with similar acquisition-driven strategies.
A Canadian upstream operator focused on the Deep Basin, offering geographic diversification outside the US mid-continent.
Talos focuses on offshore Gulf of Mexico production, giving it a distinct asset profile compared to MNR's onshore Anadarko Basin acreage.
Parex operates primarily in Colombia, providing international upstream exposure that differs meaningfully from MNR's US-centric footprint.
Frequently Asked Questions
What does Mach Natural Resources do?
Mach Natural Resources LP is an independent upstream oil and gas partnership that acquires, develops, and produces oil, natural gas, and natural gas liquids. Its operations are concentrated in the Anadarko Basin, covering Western Oklahoma, Southern Kansas, and the Texas panhandle. The partnership distributes operating cash flows to its limited partners.
Does MNR pay dividends?
Yes, MNR pays regular distributions to its limited partners as a master limited partnership. The distribution level is tied to commodity prices and production volumes, so it can vary quarter to quarter. Investors seeking income should factor in the cyclical nature of upstream energy when evaluating distribution sustainability.
When does MNR report earnings?
Mach Natural Resources reports on a quarterly cadence, consistent with US-listed energy partnerships. For the exact timing of upcoming results, check the investor relations section of the company's official website, as specific dates are subject to change.
Is MNR a good stock to buy?
UQS Score rates MNR as Below Average overall. The Attractive Valuation and Good Growth pillars offer some appeal, but the Weak Moat and commodity-driven business model introduce meaningful uncertainty. Whether it fits your portfolio depends on your risk tolerance and view on energy prices. The full pillar breakdown is available to UQS Pro members.
Is MNR overvalued?
The UQS Valuation pillar for MNR is rated Attractive, suggesting the units may be priced favorably relative to the underlying asset base and cash flows when compared to sector peers. That said, valuation in upstream energy is sensitive to commodity price assumptions, so context matters. View the full valuation analysis with a UQS Pro account.
How does MNR compare to its competitors?
MNR's Anadarko Basin focus differentiates it from peers like Talos Energy, which operates offshore in the Gulf of Mexico, and Parex Resources, which has international exposure in Colombia. Spartan Delta operates in Canada's Deep Basin. Each carries a distinct risk and asset profile, and UQS Score provides side-by-side pillar comparisons for Pro members.
What is MNR's market cap bracket?
Mach Natural Resources LP falls in the mid-cap category. This places it in a range where liquidity is generally adequate for most retail investors, though it is smaller than the major integrated energy companies that dominate the sector.
Who founded Mach Natural Resources?
Mach Natural Resources LP was incorporated in 2023. Founding and leadership details are publicly available through the company's official filings and investor relations materials, which provide the most accurate and up-to-date information on its management team.
Is MNR a long-term quality investment?
As a long-term quality indicator, MNR's Below Average UQS Score reflects meaningful structural limitations — particularly its Weak Moat — that could challenge sustained outperformance over time. The Good Growth pillar is a positive signal, but long-term quality typically requires stronger competitive advantages. Pro members can explore the full pillar detail to form their own view.
What is the main competitive advantage of Mach Natural Resources?
MNR's primary edge lies in its focused Anadarko Basin expertise and acquisition-driven growth model, which allows it to consolidate producing assets efficiently. However, the UQS Moat pillar is rated Weak, indicating that as a commodity producer, it has limited pricing power or structural barriers that would distinguish it from other upstream operators over the long run.
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Pro Analysis
MNR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 52.9 | 53.4 | 15.0 | 64.5 | 54.1 | 98.3 | 0.0 |
| May 21, 2026 | 52.9 | 53.4 | 15.0 | 64.5 | 54.1 | 98.4 | +0.3 |
| May 20, 2026 | 52.6 | 53.0 | 15.0 | 64.5 | 54.1 | 97.2 | +7.7 |
| May 10, 2026 | 44.9 | 28.3 | 15.0 | 64.5 | 42.9 | 97.9 | -2.1 |
| May 9, 2026 | 47.0 | 37.1 | 15.0 | 64.5 | 45.3 | 95.0 | +4.2 |
| May 8, 2026 | 42.8 | 26.3 | 15.0 | 56.8 | 41.1 | 100.0 | -3.9 |
| May 7, 2026 | 46.7 | 42.2 | 15.0 | 56.8 | 45.1 | 95.4 | +0.1 |
| May 3, 2026 | 46.6 | 42.2 | 15.0 | 56.8 | 45.1 | 94.6 | -0.2 |
| Apr 26, 2026 | 46.8 | 42.2 | 15.0 | 56.8 | 45.1 | 95.8 | -0.1 |
| Apr 22, 2026 | 46.9 | 42.2 | 15.0 | 56.8 | 45.1 | 96.4 | -3.8 |
MNR — Pillar Breakdown
Quality
— 53.4/100 (25%)Mach Natural Resources LP has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 64.5/100 (20%)Mach Natural Resources LP demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 54.1/100 (15%)Mach Natural Resources LP has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 98.3/100 (15%)Mach Natural Resources LP appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 15/100 (25%)Mach Natural Resources LP operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MNR.
Score Composition
Financial Data
More Stock Analysis
How is the MNR UQS Score Calculated?
The UQS (Unified Quality Score) for Mach Natural Resources LP is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Mach Natural Resources LP's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Mach Natural Resources LP is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.