Mach Natural Resources (MNR) Operating Expenses (2022 - 2026)
Mach Natural Resources (MNR) reported Operating Expenses of $295.6 million for Q1 2026, up 68.84% year-over-year from $175.1 million in Q1 2025, and up 3.24% quarter-over-quarter from $286.4 million in Q4 2025.
Mach Natural Resources (MNR) Operating Expenses (2022 - 2026) Analysis & Trends
Mach Natural Resources (MNR) has 5 years of Operating Expenses data on file, last reported at $295.6 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $295.6 million, up 68.84% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 54.14% YoY), and the FY2025 annual result was $930.4 million, up 37.1% from the prior year.
- Operating Expenses improved to $295.6 million in Q1 2026 per MNR's latest filing, from $286.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $295.6 million in Q1 2026 and troughed at $86.8 million in Q2 2023.
- A 5-year average of $169.5 million and a median of $169.5 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses slipped 24.2% in 2023, then soared 95.33% in 2024.
- A 5-year view of Operating Expenses shows it stood at $114.1 million in 2022, then increased by 10.42% to $126.0 million in 2023, then jumped by 40.05% to $176.4 million in 2024, then surged by 62.33% to $286.4 million in 2025, then advanced by 3.24% to $295.6 million in 2026.
- Business Quant data shows MNR's Operating Expenses at $295.6 million in Q1 2026, $286.4 million in Q4 2025, and $291.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 1.04 Bn |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 2.28 Bn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 4.32 Bn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 1.12 Bn |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 4.12 Bn |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | -52.32 Mn |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 54.87 Mn |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 103.33 Mn |
| 10 | Mach Natural Resources | 2.24 Bn | 2.18 Bn | 184.99 Mn | 295.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 295.63 Mn |
| Dec 31, 2025 | 286.36 Mn |
| Sep 30, 2025 | 291.76 Mn |
| Jun 30, 2025 | 177.22 Mn |
| Mar 31, 2025 | 175.10 Mn |
| Dec 31, 2024 | 176.41 Mn |
| Sep 30, 2024 | 160.80 Mn |
| Jun 30, 2024 | 169.51 Mn |
| Mar 31, 2024 | 171.91 Mn |
| Dec 31, 2023 | 125.96 Mn |
| Sep 30, 2023 | 91.65 Mn |
| Jun 30, 2023 | 86.78 Mn |
| Mar 31, 2023 | 98.78 Mn |
| Dec 31, 2022 | 114.08 Mn |
| Sep 30, 2022 | 120.91 Mn |