Mach Natural Resources LP Reports Third Quarter 2024 Results; Declares Quarterly Cash Distribution of $0.60 Per Unit; Provides 2025 Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2024
0mins
Should l Buy ?
Source: Businesswire
Financial Performance: Mach Natural Resources LP reported a net income of $67 million and Adjusted EBITDA of $134 million for Q3 2024, with total production averaging 81.8 Mboe/d and a quarterly cash distribution of $0.60 per unit announced.
Operational Highlights: The company completed a public offering generating $129 million for acquisitions, maintained low lease operating expenses, and is on track to finish 2024 strong while providing an optimistic outlook for 2025.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
