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MNR - Mach Natural Resources: Projected To Generate A Bit Over $3 Per Unit In 2024 FCF

Monmouth Real Estate Investment Corporation Class A

2024-04-16 12:05:06 ET

Summary

  • Mach Natural Resources LP is projected to generate $3.05 per unit in 2024 free cash flow at current strip.
  • This involves a below maintenance capex budget, though, with oil production kept relatively flat, but noticeable production declines in natural gas and NGLs.
  • Mach is also required to make regular repayments on its secured term loan.
  • Thus, I expect subsequent near-term distributions to be typically lower than its $0.95 per unit distribution in March 2024.

Mach Natural Resources LP ( MNR ) is an upstream (although it has a significant amount of midstream infrastructure to support its operations) oil and gas company that was the second MLP to IPO since 2019 . The company issues a K-1 form to investors....

For further details see:

Mach Natural Resources: Projected To Generate A Bit Over $3 Per Unit In 2024 FCF
Stock Information
Company Name: Monmouth Real Estate Investment Corporation Class A
Stock Symbol: MNR
Market: NYSE
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