Mach Natural Resources (MNR) Operating Expenses (2022 - 2026)
Mach Natural Resources' (MNR) quarterly Operating Expenses came in at $283.5 million in Q2 2026, up 59.96% year-over-year from $177.2 million in Q2 2025, and down 4.11% quarter-over-quarter from $295.6 million in Q1 2026.
Analysis
Mach Natural Resources (MNR) Operating Expenses (2022 - 2026) Analysis & Trends
Mach Natural Resources (MNR) has reported Operating Expenses for 5 consecutive years, with $283.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 59.96% year-over-year to $283.5 million in Q2 2026; TTM through Jun 2026 was $1.2 billion, a 67.83% increase from a year earlier, with the FY2025 full-year figure at $930.4 million, up 37.1% from the prior year.
- Operating Expenses was $283.5 million for Q2 2026 at Mach Natural Resources, down from $295.6 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 $176.6 million and a median of $170.7 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses decreased 24.2% in 2023 and surged 95.33% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at $114.1 million in 2022, then grew by 10.42% to $126.0 million in 2023, then soared by 40.05% to $176.4 million in 2024, then jumped by 62.33% to $286.4 million in 2025, then decreased by 1.0% to $283.5 million in 2026.
- The last three Operating Expenses figures came in at $283.5 million (Q2 2026), $295.6 million (Q1 2026), and $286.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | 114.95 Mn |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 2.30 Bn |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | 929.86 Mn |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | 2.02 Bn |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 1.12 Bn |
| 10 | Mach Natural Resources | 2.12 Bn | 2.08 Bn | 308.23 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 |