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Nanoparticles have presented various hurdles to the scientific community during the past decade. The nanoparticles dispersed in diverse base fluids can alter the properties of fluid flow and heat transmission. In the current examination, a mathematical model for the 2D magnetohydrodynamic (MHD) Darcy–Forchheimer nanofluid flow across an exponentially contracting sheet is presented. In this mathematical model, the effects of viscous dissipation, joule heating, first-order velocity, and thermal slip conditions are also examined. Using similarity transformations, a system of partial differential equations (PDEs) is converted into a set of ordinary differential equations (ODEs). The problem is quantitatively solved using the three-step Lobatto-three formula. This research studied the effects of the dimensionlessness, magnetic field, ratio of rates, porosity, Eckert number, Prandtl number, and coefficient of inertia characteristics on fluid flow. Multiple solutions were observed. In the first solution, the increased magnetic field, porosity parameter, slip effect, and volume percentage of the copper parameters reduce the velocity field along the η-direction. In the second solution, the magnetic field, porosity parameter, slip effect, and volume percentage of the copper parameters increase the η-direction velocity field. For engineering purposes, the graphs show the impacts of factors on the Nusselt number and skin friction. Finally, the stability analysis was performed to determine which solution was the more stable of the two.