Mach Natural Resources to release 1Q financial results in the coming week


Mach Natural Resources plans to release its first quarter 2024 financial results next week.

The results will be made known on Monday, May 13 after the close of markets. Leaders will hold a conference call the next day beginninat 8 a.m. central time to discuss the results.

Mach Natural Resources LP is an independent upstream oil and gas Company focused on the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas.

The company ended its 2023 fiscal year with $492 million in generated net cash from operating activities and delivered adjusted EBITDA of $450 million. It also averaged total net production of 50,440 barrels of crude oil equivalent a day which consisted of 29% oil, 54% natural gas and 17% NGLs.

Mach stated at the end of the fourth quarter that it reaffirmed 2024 guidance of planning to spend $250 million to $275 million in total capital with 90% associated with drilling and completion activitiers.