Mach Natural Resources (MNR) reported Q4 revenue late Thursday of $388 million, up from $235 million a year earlier.
Analysts polled by FactSet expected $357.7 million.
The company's proved reserves as of Dec. 31 were 705 million barrels of oil equivalent, up from 337 MMBoe a year earlier.
Net production in Q4 was 154 thousand barrels of oil equivalent per day, up from 86.7 Mboe/d a year earlier.
For the full year 2026, the company plans to invest $315 million to $360 million for development purposes. It also expects total net production of 150 MBoe/d to 157 MBoe/d for the year.
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