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Stock impact report

Mach Natural Resources LP Reports 2023 Results and Year-End Reserves [Yahoo! Finance]

Mach Natural Resources LP (MNR) 
Last mach natural resources lp earnings: 2/6 04:25 pm Check Earnings Report
US:NYSE Investor Relations: mreic.reit
Company Research Source: Yahoo! Finance
In addition, the Company reaffirmed its guidance for 2024. Recent Highlights Completed corporate combination that resulted in the Company's 100% ownership of BCE-Mach LLC, BCE-Mach II LLC and BCE-Mach III LLC on October 25, 2023 Completed initial public offering (the "IPO") of 10,000,000 common units on October 27, 2023, at a price of $19.00 per unit to the public Closed the acquisition of certain interests in oil and gas properties, rights and related assets from Paloma Partners IV, LLC, and its affiliated companies (collectively "Paloma") for $815 million (subject to customary closing adjustments) on December 28, 2023 Declared the Company's first quarterly cash distribution on February 15, 2024, of $0.95 per common unit Tom L. Ward, Mach's Chief Executive Officer, noted, "2023 was a transformative year for Mach. We successfully completed the largest IPO for an E&P company since 2017, and we closed the acquisition of Paloma. We continue to emphasize the stated objectives Show less Read more
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