Mach Natural Resources LP Reports Earnings Results for the First Quarter Ended March 31, 2024
May 13, 2024 at 09:05 pm
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Mach Natural Resources LP reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 6.22 million compared to USD 6.53 million a year ago. Revenue was USD 239.16 million compared to USD 192.17 million a year ago.
Net income was USD 41.7 million compared to USD 91.69 million a year ago. Basic earnings per share from continuing operations was USD 0.44. Diluted earnings per share from continuing operations was USD 0.44.
Mach Natural Resources LP is an independent upstream oil and gas company. The Company is focused on 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 Companyâs assets are located throughout Western Oklahoma, Southern Kansas and the panhandle of Texas and consist of approximately 4,600 gross operated PDP wells. Additionally, it owns a portfolio of midstream assets which support its leases, including ownership in four processing plants with combined processing capacity of 353 million cubic feet per day (MMcf/d), along with 1,210 miles of gas gathering pipelines. Additionally, it owns water infrastructure consisting of 880 miles of gathering pipeline and 55 disposal wells. Additionally, the Company owns water infrastructure consisting of 880 miles of gathering pipeline and 55 disposal wells.
MACH NATURAL RESOURCES LP 
