MACH NATURAL RESOURCES LP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net income subsequent to the Corporate Reorganization $346.6m $185.2m $143.0m
Net Income From Continuing Operations $516.8m $346.6m $185.2m $143.0m
Net Income (Loss) Attributable to Parent ($468k) $454k $1.5m $2.4m $2.0m $958k $516.8m $346.6m $185.2m $143.0m
From continuing operations ($6.2m) ($49.3m) $24.2m ($49.0m) ($23.3m) ($8.3m) ($3.2m) ($1.2m)
From discontinued operations ($18.6m) ($23.8m) ($3.9m) $6.9m ($2.2m)
Cash, bank balances and short-term deposits attributable to discontinued operations $39.8m $25.7m
Loss for the year: From continuing operations ($4.4m) ($6.2m) ($6.2m) ($5.6m)
Depreciation, Depletion and Amortization $155k $174k $88.6m $137.6m $271.0m $292.8m
Amortization of Debt Issuance Costs $375k $1.9m $7.4m $5.2m
Depreciation $155k $174k $4.5m $6.5m $9.0m $12.3m
Other Depreciation and Amortization $4.5m $6.5m $9.0m $12.3m
Results of Operations, Depreciation, Depletion, Amortization and Accretion $84.1m $131.1m $261.9m $280.5m
Depreciation, depletion, amortization and accretion $40.7m $88.6m $137.6m $271.0m $292.8m
Debt issuance costs and discount amortization $312k $375k $1.9m $7.4m $5.2m
Amortization $139k $125k $138k $142k $155k $174k
Depreciation & Amortization (CF) $2.7m $1.7m $67k $534k $565k $510k $304k $100k $4k $5k
Depreciation of right-of-use assets $1.8m $1.7m $1.4m $1.4m $1.1m $346k
Amortization of intangible assets $1.2m $156k $884k $813k $460k
Depreciation Amortization Depletion $88.6m $137.6m $271.0m $292.8m
Depreciation, Amortization and Accretion, Net $155k $174k $188k $166k $137k $268.2m
Share-based Payment Arrangement, Noncash Expense $7.5m $3.4m $6.5m $9.4m
Payment, Tax Withholding, Share-based Payment Arrangement $1.6m $1.6m
Impairment of oil and gas properties $0 $0 $90.4m
Impairment loss on trading securities $0 $0 $211k $0 $1.3m $0 $0
Consultants share-based payment expenses $16.2m $3.1m $125k
Impairment loss on trade receivables $4.5m $3.8m ($4.0m) $383k
Impairment losses on contract assets $33k $172k $357k $171k $3.5m
Impairment losses on other receivables $239k $2.7m $6.0m
Impairment reversal on amounts due from related companies ($554k) ($1.1m)
Impairment losses on trade receivables $7.7m $4.5m $3.8m ($578k)
Impairment losses/(reversal) on amounts due from related companies $1.7m ($554k) ($1.1m)
Asset Impairment Charge $0 $0 $90.4m
Gain (Loss) on Disposition of Assets $45k $1k $686k $298k
Gain (Loss) on Extinguishment of Debt ($18.5m)
Interest Expense Nonoperating $104.6m $72.2m
Other Nonoperating Income (Expense) ($691k) ($1.4m) ($1.2m) ($11.2m)
Loss on debt extinguishment $0 $0 $18.5m
Interest Expense $78k $60k
Interest expenses $3.5m $4.1m $4.0m $2.0m $6k
Payment of interest expenses on lease liabilities ($80k) ($150k) ($133k) ($99k) ($6k)
Payment of interest expenses of lease liabilities ($102k) ($80k) ($150k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $46.9m $7.9m
Asset Retirement Obligation, Accretion Expense $3.6m $4.8m $7.2m $12.3m
Nonoperating Income (Expense) ($5.5m) ($12.6m) ($105.8m) ($102.0m)
Proceeds from Contributions from Affiliates $65.0m $20.0m $0 $0
(Gain) loss on derivative instruments $67.5m $67.5m ($57.3m) $18.9m ($81.3m)
Cash receipts on settlement of derivative contracts, net ($59.4m) ($94.2m) $4.4m $17.3m $48.6m
Equity based compensation $105k $103k $33k $11k $196k $45.3m $7.5m $3.4m $6.5m $9.4m
Credit losses $0 $0 $0 $0 $1.7m $2.2m $5.2m
Gain on sale of assets ($85k) ($45k) ($1k) ($686k) ($298k)
Settlement of asset retirement obligations ($35k) ($49k) ($537k) ($881k) ($1.0m)
Accounts receivable ($159k) $155k ($37k) ($105k) $77k ($3k) ($33.8m) $15.6m ($46.9m) ($7.9m)
Revenue payable $24.4m ($908k) $19.0m $39.9m ($1.0m)
Accounts payable and accrued liabilities $23k ($32k) $83k ($173k) $139k $9.0m $12.2m $5.7m $3.3m $5.9m
Inventories and other assets $3.1m $13.4m $2.1m ($20.5m)
Acquisition of assets ($154.4m) ($133.9m) ($754.8m) ($126.0m) ($633.4m)
Proceeds from sales of oil and natural gas properties $599k $4.0m $3.3m $39.1m $4.2m
Proceeds from sales of other property and equipment ($1k) ($45k) $30k $6k $85k $231k $36k $942k $503k
Proceeds from borrowings on term loan $0 $68.0m $0 $450.0m
Repayments of borrowings on term loan $0 $0 ($61.9m) ($763.1m)
Proceeds from Initial Public Offering and additional public offerings, net of offering costs $0 $0 $168.5m $128.9m $221.1m
Purchases of units from exchanging members $0 $0 ($66.3m) $0 $0
Proceeds from borrowings on credit facility $72.9m $0 $68.0m $0 $1.1b
Repayments of borrowings on credit facility ($30.8m) ($900k) ($235.0m) $0 ($404.1m)
Contributions from members $101.5m $65.0m $20.0m $0 $0
Distributions to members ($146.0m) ($274.8m) ($101.3m) $0 $0
Distributions to unitholders $0 $0 ($309.8m) ($244.5m)
Derivative expense $115k $22k ($137k) $0 $0 $0 $0 $152k
Unrealized foreign exchange loss (gain) ($12k) ($26k) $10k ($49k) ($296k) ($65k) $192k $122k $194k ($150k)
Purchase of trading securities ($254k) ($169k) ($556k) ($802k) ($1.4m) ($2.5m) ($2.1m) ($2.0m) ($3.3m) ($4.0m)
Proceeds on sale of trading securities $150k $217k $313k $1.9m $1.6m $2.1m $2.2m $1.8m $2.3m $4.4m
Net gain (loss) on sales of trading securities ($32k) ($1.3m) ($689k) ($361k) $58k ($160k) ($1.4m)
(Increase) decrease in prepaids ($3k) ($2k) $3k ($85k) ($8k)
Decrease (increase) in inventory ($187k) $85k $4k ($242k) ($449k) ($133k) $179k ($22k) ($343k) ($657k)
Change in asset retirement obligation ($11k) ($17k) ($29k) ($19k) ($47k) $6k ($14k) $9k $7k
Increase (decrease) in due to related parties $102k $91k ($30k) ($62k) $44k
Acquisition of equipment $0 ($299k) ($118k) ($47k) ($320k) ($203k) ($260k) ($38k) ($41k) ($248k)
Proceeds from private placement $0 $0 $1.6m
Proceeds from exercise of options and warrants $0 $406k $95k $0 $0 $0
Repurchase of capital stock ($70k) ($100k) ($291k) ($134k) ($122k) ($338k) ($163k) ($171k) ($173k) ($625k)
Net loss (gain) on sales of trading securities ($32k) ($44k) $32k ($1.5m) ($1.3m) ($715k)
Issuances of capital stock, net of financing costs $694k $0
Proceeds from exercise of options $49k $19k
Other Operating Expense $71k ($11k)
Warrant expense (gain) $1k $0
Loss before income tax for the year ($52.8m) ($16.4m) ($10.5m) ($3.2m) ($1.2m)
Interest income ($6.8m) ($7.3m) ($7.4m) ($6.9m) ($4.0m)
Expenses related to issuance of shares $1.6m $1.4m
Fair value loss/(gain) on financial instruments, net ($31.3m) $38.3m ($1.0m) ($847k) ($4.0m) ($2.1m)
Change in Inventory ($1.5m) ($746k) $490k ($201k) ($148k) $257k ($182k) $2.1m ($20.5m)
Change in Accounts Receivable $3.4m $26.3m $6.6m ($10.8m) ($4.4m)
Contract assets ($83.9m) ($18.6m) ($780k) ($5.2m) ($1.6m)
Prepayments ($144k) ($354k) $8.6m $406k ($1.9m) $504k $765k ($136k) $8k
Other receivables ($1.4m) ($10.4m) ($12k) $61k $41k ($930k) $321k $18k ($14k) ($11k)
Other current assets ($3.5m) ($504k) $1.8m $1.8m
Trade payables ($65k) ($1.4m) ($115k) $31.7m ($38.5m) ($7.5m) ($792k) $1.3m $180k
Other payables and accruals ($3.1m) $10.7m ($1.3m) $10.1m ($11.0m) $813k $3.3m $5.7m ($2.1m) ($2.4m)
Provisions $494k ($494k)
Cash from/(used in) operations ($27.7m) ($46.5m) ($12.1m) ($12.7m) $14.3m ($7.4m) ($5.7m)
Repayments of bank loans ($3.0m) ($3.0m) ($1.5m)
Advances from related companies $2.2m $6.8m $4.1m $360k $3.9m $1.3m $2.3m
Repayment to related companies ($2.0m) ($2.4m) ($11.4m) $5.7m ($50.1m) ($2.8m) ($3.1m)
Advances from the Shareholder $462k $6.9m
Repayments to the Shareholder ($4.6m) ($7.1m) ($6.9m) ($7.9m) ($2.6m)
Payment of principal portion of lease liabilities ($1.5m) ($1.8m) ($1.5m) ($1.1m) ($925k) ($373k)
Net Change in Cash $1.5m ($1.1m) ($117k) ($27k) $281k ($719k) $1.9m ($1.3m) ($9.4m) $3.4m
Cash and bank balances attributable to continued operations $18.5m $6.0m $4.8m $3.1m $475k
Prepayment for right-of-use assets ($55k) ($228k)
Purchase of structured deposit products ($45.0m) ($60.0m)
Proceeds from maturity of structured deposit products $40.0m $65.0m
Additions of service concession right ($9.2m) ($7.6m) ($68k)
Proceeds from issuance of shares ($72k) $42.0m
Proceeds from bank loans $30.0m $50.0m
Finance costs $383k $3.5m $4.1m
- Right-of-use assets (Note 4(c)) $1.2m $976k
Interest on lease liabilities $60k $38k
Taxes payable ($2k) $102k ($4k) $30k ($27k)
Cash receipt of interest $194k $48k $26k $16k $18k
Accretion expenses $311k $60k
Rehabilitation fund ($15k) ($11k)
Advances from a related company $7.6m $15.0m $2.2m $6.7m
Beginning Cash Position $59.3m $29.4m $152.8m $105.8m
Cash Flow From Continuing Financing Activities ($210.7m) $658.8m ($246.0m) $329.1m
Cash Flow From Continuing Investing Activities ($372.7m) ($1.0b) ($306.3m) ($899.2m)
Change In Account Payable $12.2m $5.7m $3.3m $5.9m
Change In Other Working Capital ($35k) $3.1m $13.4m $2.1m
Change In Payable $11.3m $24.8m $43.2m $4.9m
Change In Payables And Accrued Expense $11.3m $24.8m $43.2m $4.9m
Change In Receivables ($33.8m) $15.6m ($46.9m) ($7.9m)
Change In Working Capital ($19.4m) $53.8m ($1.6m) ($23.5m)
Changes In Account Receivables ($33.8m) $15.6m ($46.9m) ($7.9m)
Changes In Cash ($29.9m) $123.4m ($47.0m) ($63.1m)
End Cash Position $29.4m $152.8m $105.8m $42.6m
Financing Cash Flow ($210.7m) $658.8m ($246.0m) $329.1m
Free Cash Flow $310.5m $176.9m $285.0m $236.4m
Gain Loss On Investment Securities ($26.7m) ($52.9m) $36.2m ($32.7m)
Gain Loss On Sale Of PPE ($45k) ($1k) ($686k) ($298k)
Investing Cash Flow ($372.7m) ($1.0b) ($306.3m) ($899.2m)
Issuance Of Capital Stock $65.0m $188.5m $128.9m $221.1m
Net Business Purchase And Sale $0 $39.2m $0 $0
Net PPE Purchase And Sale $4.2m $3.3m $40.0m $4.7m
Operating Gains Losses ($26.8m) ($52.9m) $35.5m ($14.5m)
Other Non Cash Items ($13.2m) $1.4m $6.5m $4.1m
Provisionand Write Offof Assets $0 $1.7m $2.2m $5.2m
Purchase Of Business ($154.4m) ($133.9m)
Sale Of Business $0 $39.2m $0 $0
Sale Of PPE $4.2m $3.3m $40.0m $4.7m
Stock Based Compensation $7.5m $3.4m $6.5m $9.4m
Derivative, Gain (Loss) on Derivative, Net ($67.5m) $57.3m ($18.9m) $81.3m
Net Cash Provided by (Used in) Operating Activities ($622k) $857k $1.7m $1.6m $505k $198.5m $553.5m $491.7m $505.3m $507.0m
Cash flows from investing activities:
Capital expenditures for oil and natural gas properties ($37.8m) ($233.6m) ($302.4m) ($209.4m) ($262.2m)
Capital expenditures for other property and equipment ($4.9m) ($5.0m) ($5k) ($630k) ($266k) ($3.2m) ($9.4m) ($12.4m) ($11.0m) ($8.3m)
Capital Expenditure Reported ($243.0m) ($314.8m) ($220.3m) ($270.5m)
Cash acquired from the acquisition of businesses $0 $0 $39.2m $0 $0
Net Other Investing Changes ($133.9m) ($754.8m) ($126.0m) ($633.4m)
Net cash flows from /(used in) investing activities ($4.9m) $2.9m $9.4m ($2.5m) ($5.2m) $53.4m $7.0m ($1.1m) $1k $50k
Net Cash from Investing Activities $8.0m $9.4m $7.4m $7.7m $3.8m $7.3m
Net Cash Provided by (Used in) Investing Activities $0 ($299k) ($118k) ($47k) ($320k) ($194.7m) ($372.7m) ($1.0b) ($306.3m) ($899.2m)
Cash flows from financing activities:
Debt issuance costs ($245k) $0 ($6.1m) ($1.5m) ($25.1m)
Issuance Of Debt $0 $879.0m $0 $1.6b
Long Term Debt Issuance $0 $879.0m $0 $1.6b
Net Issuance Payments Of Debt ($900k) $644.0m ($61.9m) $386.9m
Net Long Term Debt Issuance ($900k) $644.0m ($61.9m) $386.9m
Payments of debt extinguishment costs $0 $0 ($7.7m)
Long Term Debt Payments ($900k) ($235.0m) ($61.9m) ($1.2b)
Repayment Of Debt ($900k) ($235.0m) ($61.9m) ($1.2b)
Common Stock Issuance $65.0m $188.5m $128.9m $221.1m
Net Common Stock Issuance $65.0m $122.2m $128.9m $221.1m
Common Stock Payments $0 ($66.3m) $0 $0
Cash Dividends Paid ($274.8m) ($101.3m) ($309.8m) ($244.5m)
Net Other Financing Charges ($2.1m) ($6.1m) ($3.1m) ($34.4m)
Net cash (used in) provided by financing activities $673k ($82k) ($291k) ($134k) $284k ($243k) ($163k)
Net cash flows (used in)/from financing activities $5.6m $12.6m ($13.8m) $42.8m $48.6m ($38.8m) ($22.8m) ($37.9m) $15.1m ($319k)
Net Cash Provided by (Used in) Financing Activities ($4.6m) ($210.7m) $658.8m ($246.0m) $329.1m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($29.9m) $123.4m ($47.0m) ($63.1m)
Net (decrease) increase in cash and cash equivalents $470k ($865k) ($29.9m) $123.4m ($47.0m) ($63.1m)
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS ($27.6m) $752k ($12.0m) $10.0m ($3.1m) $2.5m ($28.6m) ($25.7m) $7.7m ($6.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $29.4m $152.8m $105.8m $42.6m
Cash and cash equivalents, beginning of period $1.1m $1.6m $2.9m $4.3m $59.3m $29.4m $152.8m $105.8m $42.6m
Cash and cash equivalents at beginning of year $863k $914k $1.4m $2.6m $4.0m $4.5m $4.7m $5.8m $7.2m $8.2m
Restricted cash at beginning of year $221k $246k $296k $296k $296k $296k $296k $296k $296k
Change in cash and cash equivalents and restricted cash during the year $51k $476k $1.2m $1.4m $470k $224k
Restricted cash $0 ($25k)
CASH AND CASH EQUIVALENTS AT END OF YEAR $45.3m $19.2m $18.9m $59.4m $59.4m $56.6m $58.4m $4.8m $3.1m $475k
Cash and cash equivalents as stated in the statement of cash flows $58.4m $31.7m $4.8m $3.1m $475k
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported ($29.9m) $123.4m ($47.0m) ($63.1m)
Interest Paid, Excluding Capitalized Interest, Operating Activities ($345k) ($4.0m) ($4.0m) $4.3m $8.4m $97.9m $62.6m
Withholding taxes paid on vesting of phantom units ($2.6m) ($22k) ($1k) $0 $0 ($1.6m) ($1.6m)

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.