Added to YB: 2026-04-14
Pitch date: 2026-04-10
MNR [bullish]
Mach Natural Resources LP
-0.47%
current return
Author Info
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Company Info
Mach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids (NGL) reserves.
Market Cap
$2.1B
Pitch Price
$12.83
Price Target
N/A
Dividend
15.57%
EV/EBITDA
5.10
P/E
11.63
EV/Sales
3.11
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Mach Natural Resources - Buy The Dip
MNR: Sold off 10% on 9M unit secondary at $13.05 despite no dilution (existing units sold, not new issuance). Trading 4.4x EV/EBITDA vs peers at 6-7x, yielding >10% vs peers at 1.8-2.9%. $3.2B EV covered by $3.1B PV-10 reserves alone, implying zero value for midstream/upside. $10.72/Boe cash opex, 17% decline vs Permian 30-40%. Deleveraging from 1.3x to 1.0x target. Q1 earnings May catalyst. Distribution could rise from $0.53 to $0.74/unit (~40%) at $82.50 WTI; currently ~$100.
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