Press Release: Mach Natural Resources Lp Announces Earnings Release And Conference Call Schedule For Fourth Quarter And Full Year 2024

Mach Natural Resources LP Announces Earnings Release and Conference Call Schedule for Fourth Quarter and Full Year 2024

OKLAHOMA CITY--(BUSINESS WIRE)--March 06, 2025--

Mach Natural Resources LP ("Mach" or the "Company") announced today that it will report fourth quarter and full year 2024 results on Thursday, March 13, 2025, after the close of trading on the New York Stock Exchange. The fourth quarter and full year 2024 earnings release will be available on the Company's website at www.ir.machnr.com.

The Company will host a conference call to discuss its financial and operating results at 8:00 a.m. Central (9:00 a.m. Eastern) on Friday, March 14, 2025. Participants can access the conference call by dialing 877-407-2984. A webcast link to the conference call will be provided on the Company's website at www.ir.machnr.com. A replay will also be available on the Company's website following the call.

About Mach Natural Resources LP

Mach Natural Resources LP is an independent upstream oil and gas Company focused on the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas. For more information, please visit www.machnr.com.

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CONTACT: FOR FURTHER INFORMATION, PLEASE CONTACT:

Mach Natural Resources LP

Investor Relations Contact: ir@machnr.com

Mach Natural Resources LP (MNR) filed a Form 8K - Termination of a Definitive Agreement - with the U.S Securities and Exchange Commission on February 27, 2025.

On February 27, 2025, the Company used borrowings under the New Revolving Credit Agreement and cash on hand, which includes proceeds from the Company's public offering of common units representing limited partner interests in the Company completed on February 7, 2025 (the "Offering"), to repay the existing amounts outstanding under and terminate the existing term loan credit agreement (the "Term Loan Credit Agreement"), dated December 28, 2023, among the Company, the guarantors party thereto, the lenders party thereto, Texas Capital Bank, as the administrative and collateral agent, and Chambers Energy Management, LP, as the loan commitment arranger.

On February 27, 2025, the Company also used proceeds from the Offering to repay the approximately $23.0 million of borrowings outstanding under and terminate the existing senior secured revolving credit agreement (the "Existing Revolving Credit Agreement"), dated December 28, 2023, among the Company, the guarantors party thereto, the lenders party thereto and MidFirst Bank, as the administrative agent.

The full text of this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1980088/000121390025018026/ea0232293-8k_mach.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1980088/000121390025018026/0001213900-25-018026-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.

Mach Natural Resources LP (MNR) filed a Form 8K - Entry Into a Definitive Agreement - with the U.S Securities and Exchange Commission on February 27, 2025.

On February 27, 2025, Mach Natural Resources LP (the "Company") entered into a senior secured reserve-based revolving credit agreement (the "New Revolving Credit Agreement"), among the Company, the lenders and issuing banks party thereto from time to time and Truist Bank, as the administrative agent and collateral agent.

The New Revolving Credit Agreement has (i) an initial borrowing base and elected commitment amount of $750,000,000, with a maximum commitment amount of $2,000,000,000 subject to borrowing base availability, (ii) a maturity date of February 27, 2029 and (iii) an interest rate equal to, at the Company's election, (a) at term SOFR (subject to a 0.10% per annum adjustment) plus a margin ranging from 3.00-4.00% per annum or (b) a base rate plus a margin ranging from 2.00-3.00% per annum, with the margin dependent upon borrowing base utilization at the time of determination. The Company used borrowings from the New Revolving Credit Agreement, together with cash on hand, to repay the Term Loan Credit Agreement (as defined below) in full.

The foregoing description of the New Revolving Credit Agreement is a summary only, does not purport to be complete, and is qualified in its entirety by reference to the full text of the New Revolving Credit Agreement, which is filed herewith as Exhibit 10.1 to this Current Report on Form 8-K (this "Report") and incorporated herein by reference.

The full text of this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1980088/000121390025018026/ea0232293-8k_mach.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1980088/000121390025018026/0001213900-25-018026-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.

Mach Natural Resources LP (MNR) filed a Form 8K - Direct or off-Balance Sheet Financial Obligation - with the U.S Securities and Exchange Commission on February 27, 2025.

The information set forth in Item 1.01 of this Report is incorporated by reference into this Item 2.03.

The full text of this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1980088/000121390025018026/ea0232293-8k_mach.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1980088/000121390025018026/0001213900-25-018026-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.