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
DateValue
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