Mach Natural Resources Q3 Sales $175.39M Miss $243.68M Estimate; Net Income $83.48M Down From $172.22M YoY
Portfolio Pulse from Benzinga Newsdesk
Mach Natural Resources (MNR) reported Q3 sales of $175.39M, missing the $243.68M estimate, a 28.02% miss and a 40.70% decrease from $295.74M YoY. Net income was $83.48M, down from $172.22M YoY.
December 07, 2023 | 7:45 am
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NEGATIVE IMPACT
Mach Natural Resources reported a significant miss in Q3 sales and a sharp decline in net income compared to last year.
The substantial miss in sales estimates and the considerable year-over-year decline in net income are likely to negatively impact investor sentiment and the stock price of MNR in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100