Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data MACH NATURAL RESOURCES LP files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
392
937
762
970
1,175
Operating income
155
522
359
291
245
Interest expense
1.66
4.85
11.2
105
72.2
Other non-operating income
-17
-5.54
-12.6
-106
-102
Net income
138
517
68.5
185
143
EBITDA
196
611
497
562
538
EPS, basic
0.72
1.90
1.09
EPS, diluted
0.72
1.90
1.09
Shares, basic (weighted)
94.9
97.6
131
Shares, diluted (weighted)
94.9
97.7
132
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
59.3
29.4
153
106
42.6
Inventory
24.7
31.4
24.3
43.5
Other current assets
2.46
2.43
6.4
18.9
Total current assets
187
344
322
378
Property, plant and equipment
72.9
89.7
91.8
195
Lease right-of-use assets
14.8
17.4
14.9
19.5
Other non-current assets
3.05
7.1
9.49
34
Total assets
888
2,305
2,338
3,777
Accounts payable
19.4
Accrued liabilities
60.2
44.5
52.9
116
Short-term debt
0
61.9
82.5
0
Total current liabilities
153
275
352
360
Long-term debt
84.9
745
669
1,144
Lease liabilities
4.04
6.71
9.3
12.6
Other non-current liabilities
0.27
0.94
1.94
6.48
Total debt
84.9
807
751
1,144
Total liabilities and equity
888
2,305
2,338
3,777
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
138
517
68.5
185
143
Depreciation and amortization
40.7
88.6
138
271
293
Stock-based compensation
45.3
7.53
3.44
6.53
9.39
Change in receivables
-33.8
15.6
-46.9
-7.9
Change in payables
8.97
12.2
5.73
3.33
5.95
Cash from operations
198
554
492
505
507
Cash from investing
-195
-373
-1,027
-306
-899
Debt issued
0
811
0
450
Debt repaid
0
0
-61.9
-763
Cash from financing
-4.58
-211
659
-246
329
Net change in cash
-0.87
-29.9
123
-47
-63.1
Interest paid
1.15
4.34
8.37
97.9
62.6
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $10.40 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
14.4%
Operating income / revenue.
EBITDA margin
35.5%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
7.4%
Net income / revenue.
Operating cash flow margin
41.3%
Cash from operations / revenue.
Return on assets (ROA)
2.7%
Net income / average total assets.
Stock-based pay / revenue
0.9%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
21.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
21.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
7.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y
-15.8%
Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y
-22.3%
Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y
-4.3%
EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y
-4.2%
Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y
-22.8%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y
-34.8%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y
-42.6%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
0.3%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
-2.9%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
61.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
62.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
34.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.88x
Current assets / current liabilities.
Quick ratio
0.11x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.11x
(Cash + short-term investments) / current liabilities.
Debt / assets
31.8%
Total debt / total assets.
Net debt
$1.13B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
2.35x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage
2.14x
Operating income / interest expense.
Working capital
-$45.1M
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.37x
Revenue / average total assets.
Fixed asset turnover
6.90x
Revenue / average property, plant and equipment.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.60
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Market cap + total debt - cash - short-term investments.
P/E
17.3x
Market cap / net income. Only when net income is positive.
P/S
1.28x
Market cap / revenue.
P/OCF
3.11x
Market cap / cash from operations, when positive.
EV/Sales
2.12x
Enterprise value / revenue.
EV/EBIT
14.7x
Enterprise value / operating income, when both are positive.
EV/EBITDA
5.97x
Enterprise value / EBITDA, when both are positive.
Earnings yield
5.8%
Net income / market cap (the inverse of P/E).
What was MACH NATURAL RESOURCES LP's revenue in fiscal 2025?
MACH NATURAL RESOURCES LP reported revenue of $1.18B for fiscal 2025, 21.2% higher than the year before.
Was MACH NATURAL RESOURCES LP profitable in fiscal 2025?
Yes. Net income was $143.0M, a net margin of 12.2%.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.