Mach Natural Resources LP reported third quarter 2025 total revenue of $273.0 million and net losses of $36.0 million. Adjusted EBITDA reached $124.0 million, with net cash provided by operating activities of $106.0 million. Average total net production was 94.0 thousand barrels of oil equivalent per day, with a product mix of 21% oil, 56% natural gas, and 23% natural gas liquids. Production revenues from oil, natural gas, and NGLs totaled $235.0 million, representing 50% oil, 32% natural gas, and 18% NGLs. Lease operating expense was $6.8 per barrel of oil equivalent, and total development costs were $59.0 million. As of September 30, 2025, the company had a cash balance of $54.0 million and a pro forma net-debt-to-Adjusted-EBITDA ratio of 1.3x. Mach declared a quarterly cash distribution of $0.27 per common unit. During the period, the company closed Permian and San Juan acquisitions and reported a combined initial production rate exceeding 100 MMcf/d from its first five Mancos Shale wells. The 2026 drilling and completion capital guidance was reduced by 18%, or $63.0 million, while maintaining prior production expectations.