Mach Natural Resources reported second-quarter production of 149,000 barrels of oil equivalent per day, generating $154 million in operating cash flow and $182 million in adjusted EBITDA. The company declared a quarterly distribution of $0.36 per unit, payable August 31 to unitholders of record as of August 17. Management is maintaining disciplined capital allocation, targeting reinvestment at roughly 50% of operating cash flow and seeking to reduce leverage to about 1.0 times debt-to-EBITDA by the end of 2027, with potential deleveraging measures including equity-funded acquisitions, its $100 million at-the-market equity program, and possibly retaining distributions. Mach is prioritizing oil-focused drilling while deferring some gas development until market conditions improve, and expects largely flat 2027 production, with Mancos gas activity dependent on natural gas prices rising above approximately $3 per Mcf.
Mach Natural Resources LPReports strong Q2 production and cash flow, declares distribution, and outlines disciplined capital allocation.
