Mach Natural Resources LP
MNREnergy·Oil & Gas E&P·USA·Small·NYSE·Nov 11 • 11:14 AM ET
9.15+0.03 (0.33%)
2026-11-11 17:15 CET
Market cap
1,554.01 USD m
Revenue, TTM
1,576.56 USD m
Net income, TTM
146.51 USD m
Free cash flow, TTM
224.07 USD m
EPS diluted, TTM
0.87
P/E
10.50
Price
MNR against its 20, 50 and 200-day averages2050200beatmiss
39.1% under the 52-week high of 15.02 on 19 May 2026. 52-week low 8.93 on 6 Nov 2026. Last 15 sessions, 22.7% high to low
Profile
MNR52-week range, 4% of the way up
8.9315.02
Mach Natural Resources LP engages in the acquisition, development, and production of oil, natural gas and liquids. Its reserves are located in Anadarko Basin, Southern Kansas, and Texas. The company was founded in 2017 and is headquartered in Oklahoma City, OK.
| Employees | 840 |
|---|---|
| IPO | Oct 25, 2023 |
| Beta | -0.32 |
| ATR, 14d | 0.31 |
| Rel volume | 0.45 |
| Short float | 1.17% |
| Insider own | 76.80% |
| Inst own | 14.46% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 1.56B |
| Enterprise Value | 2.71B |
| Income | 146.51M |
| Sales | 1.58B |
| Book/sh | 10.77 |
| Cash/sh | 0.18 |
| Dividend Est. | 2.05 (22.42%) |
| Dividend TTM | 1.80 (19.67%) |
| Dividend Ex-Date | Nov 16, 2026 |
| Dividend Gr. 3/5Y | - - |
| Payout | 178.47% |
| Employees | 840 |
| IPO | Oct 25, 2023 |
Ratios
| P/E | 10.50 |
|---|---|
| Forward P/E | 6.88 |
| PEG | 0.59 |
| P/S | 0.99 |
| P/B | 0.85 |
| P/C | 51.14 |
| P/FCF | 6.96 |
| EV/EBITDA | 3.31 |
| EV/Sales | 1.72 |
| Quick Ratio | 0.69 |
| Current Ratio | 0.79 |
| Debt/Eq | 0.64 |
| LT Debt/Eq | 0.64 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | 0.87 |
|---|---|
| EPS next Y | 1.33 |
| EPS next Q | 0.50 |
| EPS this Y | 23.11% |
| EPS next Y | -0.93% |
| EPS next 5Y | 11.62% |
| EPS past 3/5Y | -41.54% - |
| Sales past 3/5Y | 2.88% - |
| EPS Y/Y TTM | -9.02% |
| Sales Y/Y TTM | 57.37% |
| EPS Q/Q | 121.60% |
| Sales Q/Q | 87.79% |
| Earnings | Nov 05 AMC |
| EPS/Sales Surpr. | -82.08% -9.49% |
Ownership
| Insider Own | 76.80% |
|---|---|
| Insider Trans | 0.16% |
| Inst Own | 14.46% |
| Inst Trans | -4.54% |
| ROA | 3.91% |
| ROE | 7.73% |
| ROIC | 4.89% |
| Gross Margin | 29.88% |
| Oper. Margin | 27.17% |
| Profit Margin | 9.29% |
| SMA20 | -11.06% |
| SMA50 | -15.52% |
| SMA200 | -27.33% |
| Trades | - |
Technical
| Shs Outstand | 169.90M |
|---|---|
| Shs Float | 39.54M |
| Short Float | 1.17% |
| Short Ratio | 0.63 |
| Short Interest | 0.46M |
| 52W High | 15.02 -39.08% |
| 52W Low | 8.93 2.46% |
| Volatility | 4.52% 2.87% |
| ATR (14) | 0.31 |
| RSI (14) | 23.84 |
| Beta | -0.32 |
| Rel Volume | 0.45 |
| Avg Volume | 736.18K |
| Volume | 101,704 |
Performance
| Perf Week | -8.68% |
|---|---|
| Perf Month | -17.27% |
| Perf Quarter | -29.51% |
| Perf Half Y | -35.38% |
| Perf YTD | -17.12% |
| Perf Year | -22.33% |
| Perf 3Y | -47.68% |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.50 |
| Target Price | 17.12 |
| Prev Close | 9.12 |
| Price | 9.15 |
| Change % | 0.33% |
Analyst ratings
latest 10 of 12| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Sep 10, 2026 | Resumed | SStifel | Buy | $15 | +63.9% |
| Sep 04, 2026 | Initiated | CCapitalOne | Overweight | $16 | +74.9% |
| Mar 24, 2026 | Initiated | TTruist | Hold | $14 | +53.0% |
| Jan 16, 2026 | Downgrade | KKeyBanc Capital Markets | Overweight → Sector Weight | ||
| Aug 27, 2025 | Initiated | KKeyBanc Capital Markets | Overweight | $18 | +96.7% |
| Aug 25, 2025 | Initiated | WWilliam Blair | Outperform | ||
| Dec 18, 2024 | Resumed | SStifel | Buy | $21 | +129.5% |
| Dec 06, 2024 | Initiated | TTruist | Buy | $23 | +151.4% |
| Nov 28, 2023 | Initiated | JJohnson Rice | Buy | $27 | +195.1% |
| Nov 20, 2023 | Initiated | SStifel | Buy | $31 | +238.8% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| TXO | TXO Partners LP | 765.16M |
| SD | Sandridge Energy Inc | 473.12M |
| CRGY | Crescent Energy Co | 4.86B |
| GPOR | Gulfport Energy Corp | 2.85B |
| DEC | Diversified Energy Co | 949.18M |
| FTW | Presidio Production Co | 321.45M |
| PNRG | PrimeEnergy Resources Corp | 300.64M |
| EPM | Evolution Petroleum Corp | 131.90M |
| OVV | Ovintiv Inc | 16.91B |
| DVN | Devon Energy Corp | 50.71B |
Insider trading
latest 14 of 17| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| McMullen William Wallace | Director | Sep 15 '26 | Buy | 11.25 | 22,124 | 248,895 | 22,124 | Sep 17 05:11 PM |
| McMullen William Wallace | Director | Sep 15 '26 | Buy | 11.30 | 12,390 | 140,007 | 74,872,307 | Sep 17 05:11 PM |
| WARD TOM L. | See Remarks | Sep 14 '26 | Buy | 11.60 | 172,413 | 1,999,991 | 13,467,452 | Sep 16 09:16 PM |
| WARD TOM L. | See Remarks | Apr 13 '26 | Buy | 13.05 | 153,256 | 1,999,991 | 13,295,039 | Apr 13 05:02 PM |
| IKAV General Partner S.a r.l. | 10% Owner | Apr 08 '26 | Sale | 12.81 | 5,557,679 | 71,193,868 | 4,259,110 | Apr 10 05:32 PM |
| Burn Christopher | Director | Mar 19 '26 | Buy | 14.07 | 1,000 | 14,070 | 14,587 | Mar 23 04:05 PM |
| Burn Christopher | Director | Mar 20 '26 | Buy | 13.85 | 1,000 | 13,850 | 15,587 | Mar 23 04:05 PM |
| McMullen William Wallace | Director | Mar 19 '26 | Buy | 14.00 | 3,570 | 49,980 | 74,854,202 | Mar 23 04:05 PM |
| McMullen William Wallace | Director | Mar 23 '26 | Buy | 13.63 | 3,215 | 43,820 | 74,859,917 | Mar 23 04:05 PM |
| McMullen William Wallace | Director | Mar 20 '26 | Buy | 14.00 | 2,500 | 35,000 | 74,856,702 | Mar 23 04:05 PM |
| McMullen William Wallace | Director | Dec 09 '25 | Buy | 12.32 | 17,500 | 215,600 | 74,850,632 | Dec 10 04:05 PM |
| McMullen William Wallace | Director | Dec 08 '25 | Buy | 12.53 | 12,500 | 156,625 | 74,833,132 | Dec 10 04:05 PM |
| WARD TOM L. | See Remarks | Nov 26 '25 | Buy | 11.63 | 40,000 | 465,200 | 167,030 | Dec 01 04:05 PM |
| WARD TOM L. | See Remarks | Nov 25 '25 | Buy | 11.45 | 43,660 | 499,907 | 127,030 | Nov 25 04:05 PM |
Held by
AUMNews
latest 14 of 204- Mach Natural Resources Beats On EPS, But A $0.22 Distribution And A Reinvestment Overshoot Mark A Cash-Return Trough (Earnings Whispers) -9.46%
- Mach Natural Resources Faces A Leverage And Payout Test After Halving Its Distribution (Earnings Whispers)
- Mach Natural Resources LP Announces Earnings Release and Conference Call Schedule for Third Quarter 2026 (Business Wire)
- Mach Natural Resources LP's Dividend Analysis (GuruFocus.com)
- Mach Natural Resources LP (MNR) (Q2 2026) Earnings Call Highlights: Strategic Capital ... (GuruFocus.com)
- Loading…
- Mach Natural Resources LP Announces Earnings Release and Conference Call Schedule for Second Quarter 2026 (Business Wire)
- EnerCom Announces SM Energy as a Keynote Speaker at the 31st EnerCom Denver - The Energy Investment Conference, on August 19, 2026, in Denver, Colorado (PR Newswire)
- EnerCom Releases Presenter Lineup for the 31st EnerCom Denver - The Energy Investment Conference, August 17-19, 2026, in Denver, Colorado (PR Newswire)
- EnerCom Announces Liberty Energy as a Keynote Speaker at the 31st Annual EnerCom Denver- The Energy Investment Conference, August 17-19, 2026, in Denver, Colorado (PR Newswire)
- EnerCom Announces Premier Networking Events for the 31st Annual Energy Investment Conference, Including Monday Charity Golf Tournament, Monday VIP Welcome Mixer, and Tuesday Casino Night (PR Newswire)
- Mach Natural Resources LP Reports First Quarter 2026 Results; Declares Quarterly Cash Distribution of $0.64 Per Common Unit (Business Wire)
- What To Expect From Mach Natural Resources LP (MNR) Q1 2026 Earnings (GuruFocus.com)
- Mach Natural Resources LP (MNR) Q1 2026: Everything You Need To Know Ahead Of Earnings (GuruFocus.com)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-05 | 0.060 | 0.335 | 0.060 | 319 | 352.43 | 9 |
| 2026Q2 | 2026-08-06 | 0.492 | 0.363 | 0.585 | 406 | 377.87 | 7 |
| 2026Q1 | 2026-05-07 | -0.210 | 0.509 | -0.208 | 286 | 397.61 | 7 |
| 2025Q4 | 2026-03-12 | 0.431 | 0.257 | 0.435 | 361.6 | 357.68 | 6 |
| 2025Q3 | 2025-11-06 | -0.280 | 0.344 | -0.282 | 272.56 | 249.7 | 6 |
| 2025Q2 | 2025-08-07 | 0.760 | 0.506 | 0.757 | 232.94 | 236.47 | 4 |
| 2025Q1 | 2025-05-08 | 0.612 | 0.677 | 0.142 | 227 | 258.94 | 4 |
| 2024Q4 | 2025-03-13 | 0.340 | 0.494 | 0.343 | 268.63 | 240.53 | 5 |
| 2024Q3 | 2024-11-12 | 0.700 | 0.560 | 0.695 | 221.85 | 235.01 | 3 |
| 2024Q2 | 2024-08-13 | 0.420 | 0.617 | 0.415 | 239.99 | 251.77 | 3 |
| 2024Q1 | 2024-05-13 | 0.440 | 0.798 | 0.439 | 239.16 | 261.65 | 4 |
| 2023Q4 | 2024-04-01 | 1.057 | 0.923 | -1.942 | 219.41 | 212.82 | 4 |
| 2023Q3 | 2023-12-07 | 1.685 | 1.335 | 0.879 | 221.99 | 226.01 | 4 |
| 2026Q4 | - | - | 0.499 | - | - | 393.19 | 8 |
| 2027Q1 | - | - | 0.406 | - | - | 368.88 | 9 |
| 2027Q2 | - | - | 0.237 | - | - | 334.5 | 9 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2023FY | 4.370 | 6.805 | 0.721 | 762 | 865.42 |
| 2024FY | 1.900 | 2.026 | 1.895 | 969.63 | 975.43 |
| 2025FY | 1.090 | 1.194 | 1.117 | 1,094 | 1,123 |
| 2026FY | - | 1.342 | - | - | 1,549 |
| 2027FY | - | 1.329 | - | - | 1,407 |
| 2028FY | - | 1.516 | - | - | 1,395 |
| 2029FY | - | 1.185 | - | - | 1,334 |
| 2030FY | - | 1.215 | - | - | 1,303 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-11-09 | 7 | 6 | 1 | 393.19 | 362 | 415 |
| 2026Q4 | S | 2026-11-06 | 7 | 5 | 1 | 388.48 | 331 | 415 |
| 2026Q4 | S | 2026-11-05 | 7 | 4 | 2 | 384.42 | 331 | 415 |
| 2026Q4 | S | 2026-10-27 | 7 | 4 | 2 | 384.42 | 331 | 415 |
| 2026Q4 | S | 2026-10-21 | 7 | 4 | 2 | 383.42 | 331 | 413 |
| 2026Q4 | S | 2026-10-19 | 7 | 4 | 3 | 383.42 | 331 | 413 |
| 2026Q4 | S | 2026-10-14 | 7 | 3 | 4 | 381.82 | 331 | 413 |
| 2026Q4 | S | 2026-10-13 | 7 | 3 | 4 | 374.96 | 331 | 413 |
| 2026Q4 | S | 2026-10-02 | 7 | 3 | 4 | 374.39 | 331 | 409 |
| 2026Q4 | S | 2026-09-28 | 7 | 4 | 3 | 372.82 | 331 | 420 |
| 2026Q4 | S | 2026-09-26 | 7 | 4 | 2 | 374.49 | 331 | 420 |
| 2026Q4 | S | 2026-09-11 | 7 | 5 | 2 | 374.49 | 331 | 420 |
| 2026Q4 | S | 2026-09-08 | 7 | 4 | 3 | 371.91 | 331 | 420 |
| 2026Q4 | S | 2026-08-21 | 7 | 3 | 4 | 365.49 | 331 | 391 |
Estimate history
| EPS, annual | 5.44 | 0.721 | 1.895 | 1.087 | 0.8718 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| EPS, quarterly | 0.695 | 0.343 | 0.142 | 0.757 | -0.282 | 0.435 | -0.208 | 0.585 | 0.061 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Sales, annual | 1004.867 | 705.037 | 988.482 | 1094.101 | 1576.56 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| Sales, quarterly | 221.852 | 253.578 | 267.461 | 232.938 | 247.809 | 345.893 | 382.824 | 382.47 | 465.37 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Shares, annual | 95 | 95 | 118.335 | 168.207 | 169.895 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | MRQ | ||||
| Shares, quarterly | 103.49 | 118.335 | 118.335 | 118.336 | 168.137 | 168.207 | 166.797 | 166.931 | 169.895 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Total Revenue | 1,576.56 | 1,094.10 | 988.48 | 705.04 | 1,004.87 |
| Cost of Goods Sold Incl. D&A | 1,105.46 | 783.37 | 637.80 | 375.51 | 389.58 |
| Gross Profit | 471.09 | 310.73 | 350.68 | 329.52 | 615.29 |
| Selling, General and Administrative Excl. Other | 42.70 | 56.64 | 40.84 | 27.65 | 25.45 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | 428.40 | 254.09 | 309.85 | 301.87 | 589.84 |
| Interest Expense | 99.94 | 72.22 | 104.60 | 11.20 | 4.85 |
| Unusual Expense | 162.70 | 76.86 | 36.31 | -48.83 | -23.34 |
| Net Income Before Taxes | 146.51 | 142.98 | 185.18 | 346.56 | 516.84 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | 146.51 | 142.98 | 185.18 | 68.52 | 516.84 |
| Net Income From Continuing Operations | 146.51 | 142.98 | 185.18 | 68.52 | 516.84 |
| Net Income | 146.51 | 142.98 | 185.18 | 68.52 | 516.84 |
| EPS (Recurring) | 1.55 | 1.50 | 2.16 | 0.36 | 5.27 |
| EPS (Basic, Before Extraordinaries) | 0.87 | 1.09 | 1.90 | 0.72 | 5.44 |
| EPS (Diluted) | 0.87 | 1.09 | 1.90 | 0.72 | 5.44 |
| EBITDA | 818.68 | 546.86 | 580.81 | 439.49 | 678.43 |
| Non-Operating Income (Expense) | -19.25 | 37.97 | 16.24 | 7.06 | -91.48 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | -278.04 | 0.00 |
| Stock Option Compensation Expense | 12.14 | 9.39 | 6.53 | 3.44 | 7.53 |
| Price To Earnings Ratio | 10.46 | 10.46 | - | - | - |
| Price To Sales Ratio | 1.09 | 1.33 | 1.70 | 2.22 | - |
| Gross Margin | 29.88 | 28.40 | 35.48 | 46.74 | 61.23 |
| Operating Margin | 27.17 | 23.22 | 31.35 | 42.82 | 58.70 |
| Net Margin | 9.29 | 13.07 | 18.73 | 9.72 | 51.43 |
| Shares Outstanding | 169.90 | 168.21 | 118.33 | 95.00 | 95.00 |
| Market Capitalization | 1,554.01 | 1,554.01 | 1,777.96 | 1,566.55 | 1,566.55 |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 465.37 | 382.47 | 382.82 | 345.89 | 247.81 | 232.94 | 267.46 | 253.58 |
| Cost of Goods Sold Incl. D&A | 273.31 | 272.81 | 286.88 | 272.45 | 178.27 | 168.42 | 164.23 | 166.71 |
| Gross Profit | 192.06 | 109.66 | 95.94 | 73.44 | 69.54 | 64.52 | 103.23 | 86.87 |
| Selling, General and Administrative Excl. Other | 9.37 | 10.67 | 8.75 | 13.91 | 23.06 | 8.80 | 10.87 | 9.71 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | 182.69 | 98.98 | 87.19 | 59.53 | 46.48 | 55.72 | 92.36 | 77.17 |
| Interest Expense | 25.74 | 24.52 | 24.42 | 25.27 | 16.92 | 12.14 | 17.89 | 24.49 |
| Unusual Expense | 111.39 | -41.69 | 103.77 | -10.77 | 75.31 | -48.55 | 60.88 | 30.33 |
| Net Income Before Taxes | 10.24 | 98.21 | -35.04 | 73.09 | -35.65 | 89.66 | 15.89 | 36.52 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | 10.24 | 98.21 | -35.04 | 73.09 | -35.65 | 89.66 | 15.89 | 36.52 |
| Net Income From Continuing Operations | 10.24 | 98.21 | -35.04 | 73.09 | -35.65 | 89.66 | 15.89 | 36.52 |
| Net Income | 10.24 | 98.21 | -35.04 | 73.09 | -35.65 | 89.66 | 15.89 | 36.52 |
| EPS (Recurring) | 0.52 | 0.41 | 0.22 | 0.39 | 0.13 | 0.47 | 0.52 | 0.54 |
| EPS (Basic, Before Extraordinaries) | 0.06 | 0.59 | -0.21 | 0.43 | -0.28 | 0.76 | 0.14 | 0.34 |
| EPS (Diluted) | 0.06 | 0.58 | -0.21 | 0.43 | -0.28 | 0.76 | 0.14 | 0.34 |
| EBITDA | 280.07 | 197.21 | 185.36 | 156.03 | 112.06 | 122.82 | 155.95 | 147.03 |
| Non-Operating Income (Expense) | -35.31 | -17.95 | 5.96 | 28.05 | 10.09 | -2.47 | 2.29 | 14.17 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 2.13 | 3.41 | 3.55 | 3.04 | 2.13 | 2.11 | 2.11 | 1.78 |
| Price To Earnings Ratio | 10.46 | 18.01 | 13.31 | 11.50 | 6.80 | 9.05 | 8.22 | - |
| Price To Sales Ratio | 1.09 | 1.56 | 1.95 | 1.70 | 1.66 | 1.75 | 1.77 | 1.85 |
| Gross Margin | 41.27 | 28.67 | 25.06 | 21.23 | 28.06 | 27.70 | 38.60 | 34.26 |
| Operating Margin | 39.26 | 25.88 | 22.78 | 17.21 | 18.76 | 23.92 | 34.53 | 30.43 |
| Net Margin | 2.20 | 25.68 | -9.15 | 21.13 | -14.39 | 38.49 | 5.94 | 14.40 |
| Shares Outstanding | 169.90 | 166.93 | 166.80 | 168.21 | 168.14 | 118.34 | 118.33 | 118.33 |
| Market Capitalization | 1,554.01 | 2,108.38 | 2,355.07 | 1,859.39 | 1,559.69 | 1,708.77 | 1,840.11 | 1,777.96 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|
| Cash & Short Term Investments | 42.63 | 105.78 | 152.79 | 29.42 |
| Short Term Receivables | 230.42 | 171.55 | 132.21 | 130.07 |
| Inventories | 43.51 | 24.30 | 31.38 | 24.70 |
| Other Current Assets | 61.39 | 20.47 | 27.23 | 2.46 |
| Total Current Assets | 377.95 | 322.10 | 343.60 | 186.65 |
| Net Property, Plant & Equipment | 3,352.86 | 2,005.99 | 1,938.70 | 698.16 |
| Total Investments and Advances | 12.49 | 0.64 | 15.11 | 0.00 |
| Other Assets | 34.00 | 9.49 | 7.10 | 3.05 |
| Total Assets | 3,777.31 | 2,338.21 | 2,304.51 | 887.86 |
| Short Term Debt Incl. Current Port. of LT Debt | 6.91 | 88.09 | 72.64 | 10.77 |
| Accounts Payable | 69.62 | 54.44 | 47.44 | 19.85 |
| Other Current Liabilities | 283.39 | 209.90 | 154.82 | 122.44 |
| Total Current Liabilities | 359.92 | 352.42 | 274.91 | 153.06 |
| Long Term Debt | 1,156.70 | 678.08 | 751.85 | 88.94 |
| Provision for Risks Charges | 261.86 | 101.86 | 85.09 | 52.36 |
| Other Liabilities | 9.44 | 6.81 | 0.94 | 0.27 |
| Total Liabilities | 1,787.92 | 1,139.17 | 1,112.79 | 294.63 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 1,989.39 | 1,199.05 | 1,191.72 | 593.23 |
| Total Shareholders Equity | 1,989.39 | 1,199.05 | 1,191.72 | 593.23 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 1,989.39 | 1,199.05 | 1,191.72 | 593.23 |
| Total Liabilities & Stockholders Equity | 3,777.31 | 2,338.21 | 2,304.51 | 887.86 |
| Book Value Per Share | 11.83 | 10.13 | 12.54 | 6.24 |
| Tangible Book Value Per Share | 11.83 | 10.13 | 12.54 | 6.24 |
| Full-Time Employees | 840 | 505 | 444 | 399 |
| Price to Book Ratio | 0.85 | 1.45 | 2.04 | 2.04 |
| Return on Assets | 4.68 | 7.98 | 4.29 | - |
| Return on Equity | 8.97 | 15.49 | 7.68 | - |
| Return on Invested Capital | 4.54 | 9.87 | 3.53 | 75.76 |
| Quick Ratio | 0.93 | 0.84 | 1.14 | 1.06 |
| Current Ratio | 1.05 | 0.91 | 1.25 | 1.22 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Net Income | 146.51 | 142.98 | 185.18 | 346.56 | 516.84 |
| Depreciation | 390.28 | 292.76 | 270.97 | 137.62 | 88.59 |
| Other Funds (Non Cash) | 136.94 | 94.70 | 50.76 | -46.26 | -32.49 |
| Funds from Operations | 673.73 | 530.44 | 506.90 | 437.92 | 572.94 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -86.13 | -23.49 | -1.61 | 53.82 | -19.40 |
| Cash from Operating Activities | 587.60 | 506.96 | 505.29 | 491.74 | 553.54 |
| Capital Expenditures | -358.60 | -903.91 | -346.37 | -1,069.65 | -376.89 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 8.17 | 4.75 | 40.05 | 62.49 | 69.23 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -350.43 | -899.16 | -306.32 | -1,007.16 | -307.66 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 34.63 | 221.06 | 128.85 | 102.20 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | -66.26 | 0.00 |
| Sale of Common Pref Stock | 34.63 | 221.06 | 128.85 | 168.47 | 0.00 |
| Proceedsfrom Stock Options | 34.63 | 221.06 | 128.85 | 168.47 | 0.00 |
| Issuance or Reduction of Debt, Net | 9.77 | 361.82 | -61.88 | 637.94 | -0.90 |
| Change in Long Term Debt | 9.77 | 361.82 | -61.88 | 637.94 | -0.90 |
| Issuance of Long Term Debt | 469.40 | 1,529.10 | 0.00 | 872.94 | 0.00 |
| Reduction of Long Term Debt | -459.63 | -1,167.28 | -61.88 | -235.00 | -0.90 |
| Net Financing Active Other Cash Flow | -304.68 | -253.82 | -311.45 | -101.35 | -274.84 |
| Other Financing Activities Uses | -304.68 | -253.82 | -311.45 | -101.35 | -274.84 |
| Cash from Financing Activities | -260.28 | 329.06 | -245.99 | 638.79 | -275.74 |
| Net Change in Cash | -23.11 | -63.14 | -47.02 | 123.38 | -29.86 |
| Free Cash Flow | 224.07 | 236.41 | 158.93 | -577.91 | 176.66 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Price to Free Cash Flow | 7.68 | 6.14 | 10.56 | - | - |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 30.49 | 41.19 | 52.69 | 42.63 | 53.60 | 13.78 |
| Short Term Receivables | 242.84 | 215.30 | 229.27 | 230.42 | 213.49 | 146.87 |
| Inventories | 41.83 | 42.37 | 42.46 | 43.51 | 49.36 | 25.84 |
| Other Current Assets | 23.28 | 17.80 | 18.00 | 61.39 | 58.64 | 22.68 |
| Total Current Assets | 338.44 | 316.66 | 342.41 | 377.95 | 375.09 | 209.18 |
| Net Property, Plant & Equipment | 3,354.58 | 3,328.25 | 3,319.76 | 3,352.86 | 3,349.26 | 2,091.38 |
| Total Investments and Advances | 0.41 | 0.23 | 0.74 | 12.49 | 8.44 | 3.24 |
| Other Assets | 37.23 | 30.12 | 30.40 | 34.00 | 39.39 | 30.36 |
| Total Assets | 3,730.67 | 3,675.25 | 3,693.31 | 3,777.31 | 3,772.18 | 2,334.16 |
| Short Term Debt Incl. Current Port. of LT Debt | 9.94 | 8.86 | 7.49 | 6.91 | 6.72 | 5.27 |
| Accounts Payable | 103.88 | 81.93 | 84.94 | 69.62 | 87.11 | 50.34 |
| Other Current Liabilities | 316.49 | 270.94 | 318.94 | 283.39 | 281.24 | 210.74 |
| Total Current Liabilities | 430.31 | 361.73 | 411.38 | 359.92 | 375.07 | 266.34 |
| Long Term Debt | 1,167.76 | 1,182.52 | 1,147.08 | 1,156.70 | 1,158.32 | 575.32 |
| Provision for Risks Charges | 279.71 | 273.72 | 267.68 | 261.86 | 256.15 | 110.19 |
| Other Liabilities | 23.44 | 13.54 | 18.65 | 9.44 | 19.05 | 6.62 |
| Total Liabilities | 1,901.21 | 1,831.51 | 1,844.79 | 1,787.92 | 1,808.58 | 958.47 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 1,829.46 | 1,843.74 | 1,848.52 | 1,989.39 | 1,963.60 | 1,375.69 |
| Total Shareholders Equity | 1,829.46 | 1,843.74 | 1,848.52 | 1,989.39 | 1,963.60 | 1,375.69 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 1,829.46 | 1,843.74 | 1,848.52 | 1,989.39 | 1,963.60 | 1,375.69 |
| Total Liabilities & Stockholders Equity | 3,730.67 | 3,675.25 | 3,693.31 | 3,777.31 | 3,772.18 | 2,334.16 |
| Book Value Per Share | 10.77 | 11.04 | 11.08 | 11.83 | 11.68 | 11.63 |
| Tangible Book Value Per Share | 10.77 | 11.04 | 11.08 | 11.83 | 11.68 | 11.63 |
| Full-Time Employees | - | - | - | 840 | - | - |
| Price to Book Ratio | 0.85 | 1.14 | 1.18 | 0.95 | 1.13 | 1.24 |
| Return on Assets | 3.91 | 3.35 | 3.10 | 4.68 | 3.49 | 9.17 |
| Return on Equity | 7.73 | 6.25 | 5.71 | 8.97 | 6.68 | 16.84 |
| Return on Invested Capital | 0.34 | 3.25 | -1.17 | 2.32 | -1.14 | 4.60 |
| Quick Ratio | 0.69 | 0.76 | 0.73 | 0.93 | 0.87 | 0.69 |
| Current Ratio | 0.79 | 0.88 | 0.83 | 1.05 | 1.00 | 0.79 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | 10.24 | 98.21 | -35.04 | 73.09 | -35.65 | 89.66 |
| Depreciation | 97.38 | 98.23 | 98.17 | 96.50 | 65.58 | 67.10 |
| Other Funds (Non Cash) | 57.56 | -39.68 | 119.54 | -0.49 | 75.46 | -47.17 |
| Funds from Operations | 165.18 | 156.76 | 182.68 | 169.11 | 105.38 | 109.59 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -30.30 | -3.11 | -12.37 | -40.36 | 0.17 | 20.55 |
| Cash from Operating Activities | 134.88 | 153.65 | 170.31 | 128.75 | 105.55 | 130.14 |
| Capital Expenditures | -108.76 | -95.69 | -62.45 | -91.69 | -596.93 | -134.60 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 5.13 | 0.65 | 1.48 | 0.90 | 0.95 | 0.21 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -103.63 | -95.03 | -60.97 | -90.80 | -595.98 | -134.38 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 32.94 | 1.69 | 0.00 | -0.00 | 0.00 | -0.49 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 32.94 | 1.69 | 0.00 | -0.00 | 0.00 | -0.49 |
| Proceedsfrom Stock Options | 32.94 | 1.69 | 0.00 | -0.00 | 0.00 | -0.49 |
| Issuance or Reduction of Debt, Net | -14.63 | 35.00 | -10.00 | -0.60 | 575.24 | 104.23 |
| Change in Long Term Debt | -14.63 | 35.00 | -10.00 | -0.60 | 575.24 | 104.23 |
| Issuance of Long Term Debt | 95.00 | 175.00 | 95.00 | 104.40 | 746.39 | 159.23 |
| Reduction of Long Term Debt | -109.63 | -140.00 | -105.00 | -105.00 | -171.15 | -55.00 |
| Net Financing Active Other Cash Flow | -60.26 | -106.81 | -89.28 | -48.32 | -44.99 | -93.51 |
| Other Financing Activities Uses | -60.26 | -106.81 | -89.28 | -48.32 | -44.99 | -93.51 |
| Cash from Financing Activities | -41.95 | -70.12 | -99.28 | -48.92 | 530.25 | 10.23 |
| Net Change in Cash | -10.69 | -11.50 | 10.06 | -10.97 | 39.82 | 5.99 |
| Free Cash Flow | 26.11 | 58.28 | 110.27 | 29.40 | 149.63 | -4.46 |
| Price to Free Cash Flow | 7.68 | 6.11 | 8.27 | 7.86 | 7.82 | 21.30 |
Revenue breakdown
| Natural Gas, Midstream | 2024: 24.34M 2025: 27.56M |
|---|---|
| Oil and Natural Gas Derivatives, Gain (Loss) | 2024: -18.85M 2025: 81.29M |
| Oil, Gas And Natural Gas Liquids, Net | 2024: 936.79M 2025: 1.04B |
| Product | 2024: 27.36M 2025: 28.89M |
| United States | 2024: 969.63M 2025: 1.18B |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 1.17% | 0.5M | 39.5M | 689.98K |
| 2026-10-15 | 1.94% | 0.8M | 38.7M | 645.78K |
| 2026-09-30 | 2.27% | 0.9M | 38.7M | 627.98K |
| 2026-09-15 | 1.50% | 0.6M | 38.7M | 520.10K |
| 2026-08-31 | 1.38% | 0.5M | 39.0M | 331.04K |
| 2026-08-14 | 0.91% | 0.4M | 39.0M | 350.24K |
| 2026-07-31 | 0.93% | 0.4M | 39.7M | 383.80K |
| 2026-07-15 | 1.08% | 0.4M | 39.6M | 511.98K |
| 2026-06-30 | 1.01% | 0.4M | 39.6M | 747.50K |
| 2026-06-15 | 1.21% | 0.5M | 39.6M | 733.96K |
| 2026-05-29 | 1.50% | 0.6M | 39.6M | 735.17K |
| 2026-05-15 | 2.20% | 0.9M | 40.0M | 715.73K |
| 2026-04-30 | 5.17% | 2.0M | 38.7M | 682.65K |
| 2026-04-15 | 6.41% | 2.5M | 38.7M | 573.76K |
| 2026-03-31 | 5.24% | 1.8M | 33.4M | 345.94K |
| 2026-03-13 | 5.28% | 1.8M | 33.4M | 370.42K |
| 2026-02-27 | 5.54% | 1.9M | 33.4M | 347.59K |
| 2026-02-13 | 5.12% | 1.7M | 33.4M | 369.63K |
| 2026-01-30 | 4.87% | 1.6M | 33.7M | 392.12K |
| 2026-01-15 | 4.71% | 1.6M | 33.7M | 398.50K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 6.00 | 7.40 | 8.80 | 10.530 | 0.00 | 0.00 | 0.941 | -0.083 | 0.002 |
| call | 5.00 | 3.60 | 4.80 | 8.02 | 5.149 | 0.00 | 0.00 | 0.867 | -0.084 | 0.003 |
| call | 7.50 | 1.35 | 2.05 | 1.70 | 2.046 | 67.00 | 0.00 | 0.743 | -0.066 | 0.005 |
| call | 10.00 | 0.00 | 0.70 | 0.20 | 1.823 | 333 | 0.00 | 0.425 | -0.055 | 0.006 |
| call | 12.50 | 0.00 | 0.05 | 0.03 | 1.225 | 2,990 | 0.00 | 0.067 | -0.012 | 0.002 |
| call | 15.00 | 0.00 | 0.05 | 0.04 | 1.729 | 681 | 0.00 | 0.051 | -0.014 | 0.002 |
| call | 17.50 | 0.00 | 0.50 | 0.99 | 2.193 | 78.00 | 0.00 | 0.043 | -0.016 | 0.001 |
| call | 20.00 | 0.00 | 0.75 | 0.00 | 2.535 | 0.00 | 0.00 | 0.039 | -0.017 | 0.001 |
| call | 22.50 | 0.00 | 0.40 | 0.00 | 2.824 | 0.00 | 0.00 | 0.036 | -0.018 | 0.001 |
| call | 25.00 | 0.00 | 0.75 | 0.00 | 3.082 | 0.00 | 0.00 | 0.033 | -0.018 | 0.001 |
| put | 2.50 | 0.00 | 0.75 | 0.00 | 10.153 | 0.00 | 0.00 | -0.053 | -0.088 | 0.002 |
| put | 5.00 | 0.00 | 0.75 | 0.00 | 5.333 | 0.00 | 0.00 | -0.127 | -0.089 | 0.003 |
| put | 7.50 | 0.00 | 0.75 | 0.61 | 2.725 | 20.00 | 0.00 | -0.252 | -0.070 | 0.005 |
| put | 10.00 | 0.75 | 1.45 | 1.05 | 1.571 | 516 | 0.00 | -0.569 | -0.059 | 0.006 |
| put | 12.50 | 3.40 | 3.80 | 3.52 | 2.322 | 288 | 11.00 | -0.927 | -0.017 | 0.002 |
| put | 15.00 | 5.30 | 6.80 | 6.00 | 4.073 | 58.00 | 0.00 | -0.943 | -0.019 | 0.002 |
| put | 17.50 | 7.80 | 9.30 | 8.20 | 4.663 | 57.00 | 0.00 | -0.951 | -0.020 | 0.001 |
| put | 20.00 | 10.10 | 12.00 | 10.70 | 5.558 | 478 | 0.00 | -0.956 | -0.020 | 0.001 |
| put | 22.50 | 12.30 | 14.70 | 13.00 | 6.357 | 530 | 0.00 | -0.959 | -0.021 | 0.001 |
| put | 25.00 | 14.80 | 17.20 | 15.60 | 6.715 | 166 | 0.00 | -0.961 | -0.021 | 0.001 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-10 | SCHEDULE 13G/A | SEC | ||
| 2026-11-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-05 | 8-K | Current report | 2026-11-05 | SEC |
| 2026-10-30 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-28 | SEC |
| 2026-10-30 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-28 | SEC |
| 2026-10-30 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-28 | SEC |
| 2026-10-30 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-28 | SEC |
| 2026-10-30 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-28 | SEC |
| 2026-09-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-15 | SEC |
| 2026-09-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-14 | SEC |
| 2026-08-13 | SCHEDULE 13G/A | SEC | ||
| 2026-08-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-06 | 8-K | Current report | 2026-08-06 | SEC |
| 2026-05-22 | 8-K | Current report | 2026-05-22 | SEC |
| 2026-05-22 | 424B5 | SEC | ||
| 2026-05-22 | 424B5 | SEC | ||
| 2026-05-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-15 | SEC |
| 2026-05-12 | SCHEDULE 13G/A | SEC | ||
| 2026-05-07 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-04-13 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-08 | SEC |
| 2026-04-10 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-08 | SEC |
| 2026-04-08 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-08 | SEC |
| 2026-04-08 | 8-K | Current report | 2026-04-06 | SEC |
| 2026-04-08 | 424B4 | SEC | ||
| 2026-04-08 | SCHEDULE 13G/A | SEC | ||
| 2026-04-06 | 424B3 | SEC | ||
| 2026-04-06 | 8-K | Current report | 2026-04-06 | SEC |
| 2026-03-23 | 4 | Statement of changes in beneficial ownership of securities | 2026-03-19 | SEC |
| 2026-03-23 | 4 | Statement of changes in beneficial ownership of securities | 2026-03-19 | SEC |
| 2026-03-12 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2025-12-31 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 2.39M | 3 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 2.00M | 1 | 71.19M | 1 |
| 2026-03 | 156.72K | 5 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 372.23K | 2 | 0 | 0 |
| 2025-11 | 2.02M | 5 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| KAYNE ANDERSON CAPITAL ADVISORS LP | 9.30% |
| AMERICAN CENTURY COMPANIES INC | 1.47% |
| MORGAN STANLEY | 1.17% |
| ROYCE & ASSOCIATES LP | 0.49% |
| CIBC Bancorp USA Inc. | 0.34% |
| FIRST TRUST ADVISORS LP | 0.30% |
| RAYMOND JAMES FINANCIAL INC | 0.27% |
| PEAK6 LLC | 0.19% |
| LPL Financial LLC | 0.18% |
| FRANKLIN RESOURCES INC | 0.17% |
Funds
| Fund | % owned |
|---|---|
| Small Cap Value Fund | 0.90% |
| Multi-Asset Diversified Income Index Fund | 0.30% |
| Bridge Builder Small/Mid Cap Value Fund | 0.21% |
| Royce Small-Cap Fund | 0.13% |
| Invesco Energy Exploration & Production ETF | 0.09% |
| Royce Capital Fund - Small-Cap Portfolio | 0.09% |
| Bastion Energy ETF | 0.08% |
| Small Cap Dividend Fund | 0.08% |
| HUSSMAN STRATEGIC MARKET CYCLE FUND | 0.06% |
| Royce Small-Cap Value Fund | 0.05% |
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