Mach Natural Resources (MNR) Operating Expenses (2022 - 2026)
Mach Natural Resources (MNR) posted quarterly 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 reported Operating Expenses for 5 consecutive years, with $295.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 68.84% year-over-year to $295.6 million; the TTM figure through Mar 2026 stood at $1.1 billion (up 54.14% YoY), while the FY2025 annual figure was $930.4 million, up 37.1% from the prior year.
- Operating Expenses advanced to $295.6 million in Q1 2026 per MNR's latest filing, from $286.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $295.6 million in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2023 — Operating Expenses slipped 24.2% — and 2024, when it soared 95.33%.
- Mach Natural Resources' Operating Expenses stood at $114.1 million in 2022, then rose by 10.42% to $126.0 million in 2023, then surged by 40.05% to $176.4 million in 2024, then soared by 62.33% to $286.4 million in 2025, then climbed 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 54.24 Mn |
| 10 | Mach Natural Resources | 2.11 Bn | 2.07 Bn | 308.23 Mn | 283.49 Mn |
Historic Data
Download 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 |