MNR Q2 2026: Revenue +41% to $406.0M, net income +10% to $98.2M, EPS -24% on 86% dilution

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read

Key Changes

• high

  Revenue rose 40.7% to $406.0M and net income 9.5% to $98.2M, but diluted EPS fell 23.7% to $0.58 as the IKAV/Sabinal acquisitions (closed Sep 2025) issued 49.8M units—86% dilution vs. prior year.

  MD&A: Financial Results / Notes: Acquisitions verify on EDGAR →
• high

  Credit facility borrowings doubled to $1.18B (from $565M) to fund acquisitions; remaining availability increased to $270M from $180M after a $700M borrowing base increase in Sep 2025.

  MD&A: Liquidity verify on EDGAR →
• medium

  Geographic footprint expanded from Anadarko Basin only to include San Juan Basin (NM/CO) and Permian Basin (West TX), adding Mancos and Fruitland formations to the development portfolio.

  MD&A: Business Description verify on EDGAR →