Mach Natural Resources Misses Q3 2026 Estimates as Revenue Rises 17% to $319.0M
Revenue of $319.0M vs. $352.4M expected and adjusted EPS of $0.32 vs. $0.33; revenue up 17% from a year earlier.
Mach Natural Resources (MNR) missed estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $319.0 million, up 17% from a year earlier, below the $352.4 million estimate, and adjusted EPS was $0.32, down 27% from a year earlier, below the $0.33 estimate.
Shares fell 1.4% in after-hours trading as of 4:41 p.m. ET, to $9.80 from a $9.94 close.
Q3 2026 scorecard
| Parameters | Expected | Actual | Beat/Miss |
|---|---|---|---|
| Adjusted EPS | $0.33 | $0.32 | Miss by 4.4% |
| Revenue | $352.4M | $319.0M | Miss by 9.5% |
| Change | YoY | QoQ |
|---|---|---|
| Adjusted EPS | ▼ 27% | ▼ 45% |
| Revenue | ▲ 17% | ▼ 21% |
By our calculation, revenue was $33.4 million below the estimate and adjusted EPS was $0.01 below it. The QoQ column compares with the previous quarter's revenue of $406.0 million and adjusted EPS of $0.58. The YoY column compares with $272.6 million and $0.44 in the same quarter a year earlier.
GAAP results
- GAAP EPS. GAAP diluted EPS was $0.06, against -$0.28 a year earlier.
- Net income. The company reported net income of $10.2 million on a GAAP basis, compared with a net loss of $35.7 million a year earlier.
Track record
- EPS record. Adjusted EPS beat the estimate in 4 of the last 8 reports, including this one.
- Revenue record. Revenue beat the estimate in 4 of the last 8 reports.
- Revenue trend. Revenue over the last 5 reports, oldest first: $272.6 million, $361.6 million, $286.0 million, $406.0 million and $319.0 million.
What to watch
- Next-quarter estimates. Consensus calls for EPS of $0.46 and revenue of $384.4 million next quarter, based on 5 analysts.
- Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 17% increase to $319.0 million.
- Estimate record. Whether Mach Natural Resources extends a record of beating EPS estimates in 4 of its last 8 reports.
- Related coverage. See our reports on Grindr, Castle Biosciences, Vera Therapeutics and Helios.
Sources: Results are from Mach Natural Resources's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Mach Natural Resources's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.
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