MNR
Market read
MNR accounts for 3.0% of the group's measured movement across 4.1 effective names. raw member direction is mixed; 4 of 7 session-normalized paths align to the downside. Capital-flow agreement is 6%, so confirmation is not yet clean. No verified headline preceded the measured group move.
SR, NWN, OGS moved materially before MNR. MNR crossed its material path threshold at 14:55 ET.
5 of 7 members in Natural Gas Exposure are active. 0 of 2 disclosed connections are confirming.
Invalidation: The live read weakens if participation falls to 2 of 7 members or fewer.
Research brief
MNR accounts for 3.0% of the group's measured movement across 4.1 effective names. raw member direction is mixed; 4 of 7 session-normalized paths align to the downside. Capital-flow agreement is 6%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Our hedging instruments allow us to reduce, but not eliminate the potential effects of the variability in cash flow from operations due to fluctuations in commodity prices and provide increased certainty of cash flows for funding our drilling program and debt…”10-Q · Aug 6, 2026 ↗
“The increase was primarily driven by a $219.4 million decrease in proceeds from common unit issuances, a $540.0 million decrease in net borrowings under our credit facilities (proceeds net of repayments), and a $43.3 million increase in distributions to unith…”10-Q · Aug 6, 2026 ↗
“This was slightly offset by increases in capital expenditures on our oil and gas properties and on our other property and equipment of $35.7 million and $5.8 million, respectively, due to increased drilling and completion activities in the six-month period en…”10-Q · Aug 6, 2026 ↗
“Impairment of oil and gas properties Impairment of oil and gas properties increased $90.4 million for the year ended December 31, 2025, as compared to the year ended December 31, 2024, as a result of the full cost ceiling test during the third quarter of 2025.”10-K · Mar 12, 2026 ↗
Valuation discipline
Price/sales 1.4× · EV/sales 2.3×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for MNR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-06 against the comparable filing from 2025-08-07.
Capital and cash conversion
Inventory growth exceeded revenue growth and inventory intensity increased.
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
“Midstream operating expense Midstream operating expense increased $3.9 million, or 64% for the six-month period ended June 30, 2026, as compared to the six-month period ended June 30, 2025, primarily due to the acquisition of additional midstream facilities in the IKAV Acquisition in September 2025.”
“Lease operating expenses per Boe increased by $0.69 primarily as a result of the oil-heavy production from the Sabinal Acquisition that added to our overall cost profile.”
“Lease operating expenses per Boe increased by $0.56 primarily as a result of the oil-heavy production from the Sabinal Acquisition that added to our overall cost profile.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Debt Agreements New Credit Agreement On February 27, 2025, the Company entered into the New Credit Agreement, among the Company, the lenders and issuing banks party thereto from time to time and Truist Bank, as the administrative agent and collateral agent.”
Depended on by
“Giesinger also serves on the board of directors of Mach Natural Resources LP (NYSE: MNR), a publicly traded limited partnership involved in upstream oil and gas operations.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
MNR is currently a Early Follower in the organic co-movement group Natural Gas Exposure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.