$MNR

MACH NATURAL RESOURCES LP (MNR) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ea030081701ex99-1.htm PRESS RELEASE ISSUED AUGUST 6, 2026 Exhibit 99.1 Mach Natural Resources LP Reports Second Quarter 2026 Results; Declares Quarterly Cash Distribution of $0. 36 Per Common Unit; Provides Updated 2026 Outlook OKLAHOMA CITY, Oklahoma, August 6, 2026 —

According to industry sources, Mineral Resources, a $11.5 billion Australian mining company, told staff it will not hire for roles that can be performed by AI or by existing employees using AI tools, though the scope is unclear. The report links similar Australian job cuts at WiseTech and Atlassian to AI. It cites federal data showing slower growth in AI-exposed occupations and notes new AI standards announced by PM Albanese.

Mineral Resources (MinRes), led by Chris Ellison, said it will close its Lucky Bay garnet project near Kalbarri from next week, putting the mine into care and maintenance from July 1. MinRes cited higher diesel costs and Middle East conflict affecting sales. The Shire of Northampton said about 110 jobs are at risk. MinRes expects to report a $40 million loss and will assess options, including possible divestment.

Mineral Resources (MinRes) said it will cut 110 jobs after ending the Lucky Bay garnet mine project, which it rescued following the collapse of a mine backed by Chris Ellison and previously run by his younger brother. MinRes reported more than $260 million in losses tied to Lucky Bay, including $222 million booked earlier from former owner Resource Development Group, with $146 million in forgiven loans.

Australia’s S&P/ASX 200 fell Tuesday, down 67.10 points (0.75%) to 8,846.90 after a low of 8,834.00, with weakness in financials and mixed sector performance as traders awaited the RBA rate decision. The All Ordinaries slipped 0.72% to 9,062.70. The RBA is expected to keep its benchmark lending rate at 4.35%. The Aussie dollar traded at $0.707.

Australia’s S&P/ASX 200 fell 1.43% to 8,501.70 on Tuesday, with the All Ordinaries down 1.52% to 8,720.90, extending prior losses. Mining and most sectors led declines; Rio Tinto fell ~3% and Mineral Resources ~4%. Energy was mixed as crude rose. Oil: WTI July up 0.57% to $91.06. Banks and tech also declined.

Australia’s S&P/ASX 200 extended early losses on Thursday, down 113.30 points (1.29%) to 8,672.40, after a stronger close on Wednesday and weaker Wall Street cues. Most sectors fell, led by mining; Rio Tinto fell over 4% and BHP/Fortescue over 3%. Energy was mixed. Tech stocks declined, with Block down over 6%. Treasury Wine Estates rose nearly 10% after an Investor Day update.

Mach Natural Resources announced a strategic shift in its 2026 drilling program towards oil-weighted projects due to weaker natural gas prices and stronger oil prices. The company aims to stabilize production and reduce debt, which rose after recent acquisitions, rather than pursuing aggressive growth through drilling. Mach reported solid first-quarter results with $195 million in adjusted EBITDA and a $0.64 per unit distribution, while prioritizing debt reduction and considering smaller, equity-funded M&A opportunities.

Mach Natural Resources announced that Selling Unitholders sold 9,000,000 common units in an underwritten offering that closed on April 8, 2026. The company will not receive any proceeds from this sale, though Tom L. Ward and affiliated entities purchased 153,256 common units. The underwriter also has a 30-day option to buy up to 1,350,000 additional units from the Selling Unitholders.

Selling unitholders of Mach Natural Resources (NYSE: MNR) are pricing an underwritten public offering of 9 million common units at $13.05 per unit. Mach Natural Resources will not sell any units or receive proceeds from this offering, which is expected to close on Wednesday. The offering price is at a discount to the current stock price, and while the company pays a significant dividend, it is rapidly burning through cash, though its stock appears undervalued.