Mach Natural Resources (MNR) Operating Expenses (2022 - 2026)
Mach Natural Resources' Operating Expenses came in at $283.49 million for Q2 2026, up 60.0% from $177.22 million a year earlier but down 4.1% from the prior quarter.
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Analysis
Mach Natural Resources (MNR) Operating Expenses (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Mach Natural Resources reported Operating Expenses of $1.16 billion, up 67.8% year-over-year; for FY2025, it was $930.44 million, up 37.1% from FY2024.
- Operating Expenses carries a four-year compound annual growth rate of 40.7% (FY2021 to FY2025).
- Going back by year, Operating Expenses was $678.64 million in FY2024 (+68.3%), $403.17 million in FY2023 (-2.9%), $415.03 million in FY2022 (+75.1%) and $237.09 million in FY2021.
- The five-year range for quarterly Operating Expenses is $86.78 million (Q2 2023) to $295.63 million (Q1 2026).
- Year-over-year, Operating Expenses has increased for 11 consecutive quarters, with growth averaging 49.3% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q2 2024 (growth of 95.3%), and the weakest in Q3 2023 (a decline of 24.2%).
- Business Quant data shows MNR's Operating Expenses at $295.63 million (Q1 2026), $286.36 million (Q4 2025) and $291.76 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 742.51 Bn | 698.99 Bn | - | 96.59 Bn |
| 2 | Chevron | 445.06 Bn | 417.18 Bn | 33.45 Bn | 53.37 Bn |
| 3 | Shell | 310.78 Bn | 240.53 Bn | 30.13 Bn | 8.70 Bn |
| 4 | TotalEnergies SE | 197.34 Bn | 77.92 Bn | 61.77 Bn | 46.44 Bn |
| 5 | Conocophillips | 177.35 Bn | 150.05 Bn | 12.81 Bn | 2.43 Bn |
| 6 | Equinor Asa | 118.67 Bn | 33.12 Bn | - | -22.18 Bn |
| 7 | Phillips 66 | 116.93 Bn | 104.72 Bn | 8.38 Bn | 47.07 Bn |
| 8 | Canadian Natural Resources | 113.22 Bn | 110.23 Bn | 8.84 Bn | 114.95 Mn |
| 9 | Suncor Energy | 95.47 Bn | 81.22 Bn | - | - |
| 10 | Mach Natural Resources | 1.80 Bn | 1.61 Bn | 347.63 Mn | 283.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 283.49 Mn |
| 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 |
API Access
Mach Natural Resources Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=MNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MNR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();