Mach Natural Resources LP reported second-quarter revenue of $405.96 million, a 40.7% increase from a year ago, surpassing the Zacks Consensus Estimate by 9.93%. Earnings per share came in at $0.38, beating the consensus estimate of $0.34 by 11.77%. Average daily total production volumes were 148.89 million barrels of oil equivalent per day, below the 153.46 million estimate. The average realized oil price was $95.40 per barrel, exceeding the $89.75 estimate, while natural gas liquids averaged $28.99 versus an estimate of $30.61, and natural gas averaged $1.93 per thousand cubic feet compared to the $1.88 estimate.
Mach Natural Resources LPQ2 revenue and EPS beat estimates, though production missed.
