Mach Natural Resources LP (MNR) intrinsic value & 10-year financials

Mach Natural Resources LP (MNR) has a Graham intrinsic value of $36.21 per share. At $11.07 on Oct 17, 2026, the stock trades 69% below that value. Over the last 6 fiscal years revenue grew 31.6% a year to $1.2B.

Graham intrinsic value
$36.21
Share price (Oct 17, 2026)
$11.07
Price vs Graham value
69% below
Market cap
$1.5B
Revenue (FY2025)
$1.2B
Revenue growth (6-yr CAGR)
31.6%
Free cash flow (FY2025)
—

MNR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.2B $143.0M $1.09 — 20.8% —
FY2024 $969.6M $185.2M $1.90 — 30.0% —
FY2023 $762.3M $346.6M $0.72 — 47.1% —
FY2022 $937.4M $516.8M — — 55.7% —
FY2021 $392.5M $138.4M — — 39.6% —
FY2020 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

MACH NATURAL RESOURCES LP revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

MACH NATURAL RESOURCES LP 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.

MACH NATURAL RESOURCES LP capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, MACH NATURAL RESOURCES LP is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $36.21 per share.

MNR stock: frequently asked questions

What is the intrinsic value of Mach Natural Resources LP (MNR) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, MNR's intrinsic value is about $36.21 per share.

Is MNR stock undervalued?

At $11.07 (close on Oct 17, 2026), MNR trades 69% below its Graham value of $36.21. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Where does this MNR data come from?

From Mach Natural Resources LP's annual 10-K filings on SEC EDGAR, most recently filed May 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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