Mach Natural Resources (MNR) Operating Expenses (2022 - 2026)

Mach Natural Resources' (MNR) quarterly Operating Expenses came in at $295.6 million in Q1 2026, up 68.84% year-on-year from $175.1 million in Q1 2025, and up 3.24% on a QoQ basis 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.

  • On a quarterly basis, Operating Expenses rose 68.84% year-over-year to $295.6 million in Q1 2026; TTM through Mar 2026 was $1.1 billion, a 54.14% increase from a year earlier, with the FY2025 full-year figure at $930.4 million, up 37.1% from the prior year.
  • Operating Expenses for Q1 2026 stood at $295.6 million, up from $286.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for MNR reached as high as $295.6 million in Q1 2026 and fell as low as $86.8 million in Q2 2023.
  • Historically, Operating Expenses has averaged $169.5 million across 5 years, with a median of $169.5 million in 2024.
  • Across the five-year window, Operating Expenses retreated 24.2% in 2023 and jumped 95.33% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $114.1 million in 2022, then advanced 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 increased by 3.24% to $295.6 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 2.28 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 4.32 Bn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 4.12 Bn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 4.86 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 60.22 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 54.49 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 3.64 Bn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 2.87 Bn
10 Mach Natural Resources 2.25 Bn 2.19 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