Matador Resources (MTDR)

NYSE Energy Oil & Gas Exploration & Production S&P MidCap 400

$50.41

+0.54 (+1.08%)

Close of Nov 06, 2026 · end-of-day data

Source: Matador Resources's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$264.42M	$544.28M	$829.69M	$1.03B	$851.13M	$1.86B	$3.20B	$2.82B	$3.48B	$3.66B
Cost of revenue	—	—	—	—	$41.50M	$61.46M	$95.52M	$124.02M	$167.40M	$208.14M
Gross profit	—	—	—	—	$809.63M	$1.80B	$3.10B	$2.69B	$3.31B	$3.45B
Operating income	-$177.17M	$160.84M	$363.27M	$235.48M	-$521.50M	$793.08M	$1.76B	$1.21B	$1.43B	$1.23B
Interest expense	$28.20M	$34.56M	$41.33M	$73.87M	$76.69M	$74.69M	$67.16M	$121.52M	$171.69M	$208.52M
Pre-tax income	-$98.09M	$129.85M	$292.07M	$158.51M	-$599.16M	$715.35M	$1.69B	$1.10B	$1.26B	$1.03B
Income tax	-$1.04M	-$8.16M	-$7.69M	$35.53M	-$45.60M	$74.71M	$399.36M	$186.03M	$292.36M	$172.68M
Net income	-$97.42M	$125.87M	$274.21M	$87.78M	-$593.21M	$584.97M	$1.21B	$846.07M	$885.32M	$759.22M
EBITDA	-$55.12M	$338.34M	$628.41M	$586.02M	-$159.67M	$1.14B	$2.23B	$1.93B	$2.41B	$2.42B
EPS (basic)	$-1.07	$1.23	$2.41	$0.75	$-5.11	$5.00	$10.28	$7.10	$7.16	$6.10
EPS (diluted)	$-1.07	$1.23	$2.41	$0.75	$-5.11	$4.91	$10.11	$7.05	$7.14	$6.09
Diluted shares	91.27M	102.54M	113.69M	117.06M	116.07M	119.16M	120.13M	119.98M	124.08M	124.59M
Gross margin	—	—	—	—	95.1%	96.7%	97.0%	95.6%	95.2%	94.3%
Operating margin	-67.0%	29.6%	43.8%	22.9%	-61.3%	42.6%	55.0%	42.9%	41.2%	33.5%
Net margin	-36.8%	23.1%	33.0%	8.6%	-69.7%	31.4%	38.0%	30.0%	25.4%	20.8%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$212.88M	$96.50M	$64.55M	$40.02M	$57.92M	$48.13M	$505.18M	$52.66M	$23.03M	$15.31M
Receivables	$34.15M	$65.96M	$68.16M	$95.23M	$85.10M	$164.24M	$224.86M	$274.19M	$331.59M	$286.16M
Total current assets	$279.18M	$257.17M	$305.69M	$278.49M	$261.63M	$371.31M	$1.07B	$715.87M	$927.35M	$816.57M
Goodwill	—	—	—	—	—	—	—	—	—	$0
Total assets	$1.46B	$2.15B	$3.46B	$4.07B	$3.69B	$4.26B	$5.55B	$7.73B	$10.85B	$11.71B
Total current liabilities	$169.50M	$282.61M	$330.02M	$399.77M	$290.94M	$464.84M	$575.87M	$685.27M	$995.36M	$1.03B
Short-term debt	—	—	—	—	—	—	—	—	—	$0
Long-term debt	—	—	—	—	—	—	$1.16B	$2.21B	$3.33B	$3.40B
Total debt	—	—	—	—	—	—	$1.16B	$2.21B	$3.33B	$3.40B
Total liabilities	$774.54M	$989.13M	$1.77B	$2.24B	$2.40B	$2.35B	$2.44B	$3.82B	$5.76B	$6.05B
Shareholders' equity	$690.12M	$1.16B	$1.69B	$1.83B	$1.29B	$1.91B	$3.11B	$3.91B	$5.09B	$5.66B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$134.09M	$299.12M	$608.52M	$552.04M	$477.58M	$1.05B	$1.98B	$1.87B	$2.25B	$2.43B
Capital expenditures	$454.36M	$872.96M	$1.50B	$946.02M	$721.84M	$837.93M	$1.06B	$3.23B	$3.91B	$2.16B
Free cash flow	-$320.27M	-$573.83M	-$896.14M	-$393.98M	-$244.26M	$215.43M	$915.46M	-$1.36B	-$1.66B	$269.59M
Investing cash flow	-$448.74M	-$819.28M	-$1.52B	-$903.98M	-$775.67M	-$729.26M	-$1.04B	-$3.21B	-$3.67B	-$2.16B
Financing cash flow	$467.71M	$408.50M	$888.23M	$333.08M	$324.34M	-$328.55M	-$480.85M	$902.33M	$1.41B	-$282.60M
Dividends paid	—	—	—	—	$0	$14.58M	$35.25M	$77.17M	$104.88M	$163.10M
Share buybacks	—	—	—	—	—	—	—	$0	$0	$55.85M
Stock-based compensation	$12.36M	$16.65M	$17.20M	$18.50M	$13.62M	$9.04M	$15.12M	$13.66M	$14.98M	$18.33M
Depreciation & amortization	$122.05M	$177.50M	$265.14M	$350.54M	$361.83M	$344.90M	$466.35M	$716.69M	$974.30M	$1.20B

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$832.27M	$785.34M	$855.20M	$860.14M	$978.28M	$1.01B	$925.68M	$915.12M	$809.55M	$941.60M	$1.17B	$1.39B
Operating income	$365.61M	$318.95M	$363.62M	$392.06M	$360.07M	$389.15M	$288.66M	$305.98M	$242.75M	$46.82M	$577.32M	$353.88M
Interest expense	$35.71M	$39.56M	$35.99M	$36.17M	$59.97M	$49.49M	$53.34M	$50.64M	$55.05M	$51.52M	$60.82M	$79.98M
Pre-tax income	$333.40M	$279.97M	$325.51M	$358.00M	$300.23M	$345.17M	$238.82M	$259.75M	$189.70M	-$16.50M	$520.49M	$276.65M
Income tax	$57.46M	$66.78M	$77.99M	$85.32M	$62.28M	$82.92M	$56.46M	$59.13M	-$25.84M	-$684.00K	$106.84M	$81.55M
Net income	$254.54M	$193.73M	$228.77M	$248.29M	$214.53M	$240.09M	$150.22M	$176.36M	$192.55M	-$35.87M	$390.65M	$172.12M
EBITDA	$585.67M	$531.26M	$589.55M	$634.88M	$653.30M	$671.04M	$591.27M	$611.33M	$548.26M	$339.52M	$892.47M	$696.84M
EPS (basic)	$2.13	$1.62	$1.83	$1.99	$1.71	$1.92	$1.21	$1.42	$1.55	$-0.29	$3.15	$1.39
EPS (diluted)	$2.12	$1.61	$1.83	$1.99	$1.70	$1.92	$1.21	$1.42	$1.55	$-0.29	$3.15	$1.39
Diluted shares	-65.00K	120.25M	124.90M	124.98M	718.00K	125.34M	124.46M	124.41M	-143.00K	123.48M	124.16M	123.89M
Operating margin	43.9%	40.6%	42.5%	45.6%	36.8%	38.7%	31.2%	33.4%	30.0%	5.0%	49.2%	25.4%
Net margin	30.6%	24.7%	26.8%	28.9%	21.9%	23.9%	16.2%	19.3%	23.8%	-3.8%	33.3%	12.4%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$52.66M	$23.21M	$15.24M	$23.28M	$23.03M	$14.52M	$10.52M	$20.15M	$15.31M	$30.45M	$26.32M	$11.76M
Receivables	$274.19M	$278.15M	$294.02M	$297.76M	$331.59M	$310.88M	$336.08M	$301.80M	$286.16M	$412.07M	$408.30M	$584.98M
Total current assets	$715.87M	$754.13M	$738.44M	$847.19M	$927.35M	$891.13M	$915.85M	$916.84M	$816.57M	$1.08B	$1.01B	$1.25B
Goodwill	—	—	—	—	—	—	—	—	$0	—	—	$54.86M
Total assets	$7.73B	$8.23B	$8.52B	$10.62B	$10.85B	$11.08B	$11.28B	$11.65B	$11.71B	$12.17B	$13.49B	$14.69B
Total current liabilities	$685.27M	$851.34M	$856.54M	$965.96M	$995.36M	$1.13B	$1.07B	$1.26B	$1.03B	$1.48B	$1.55B	$2.28B
Short-term debt	—	—	—	—	—	—	—	—	$0	—	—	$647.27M
Long-term debt	$2.21B	—	—	—	$3.33B	$3.18B	$3.29B	$3.22B	$3.40B	$3.47B	$4.22B	$4.32B
Total debt	$2.21B	—	—	—	$3.33B	$3.18B	$3.29B	$3.22B	$3.40B	$3.47B	$4.22B	$4.97B
Total liabilities	$3.82B	$3.81B	$3.89B	$5.75B	$5.76B	$5.79B	$5.91B	$6.14B	$6.05B	$6.59B	$7.57B	$8.64B
Shareholders' equity	$3.91B	$4.42B	$4.63B	$4.87B	$5.09B	$5.29B	$5.37B	$5.51B	$5.66B	$5.58B	$5.93B	$6.05B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$618.35M	$468.56M	$592.93M	$610.44M	$574.96M	$727.88M	$501.03M	$721.66M	$474.45M	$470.55M	$937.13M	$594.43M
Capital expenditures	$608.49M	$638.56M	$523.93M	$2.21B	$529.77M	$554.28M	$491.41M	$643.36M	$466.38M	$496.93M	—	—
Free cash flow	$9.86M	-$170.00M	$68.99M	-$1.60B	$45.19M	$173.60M	$9.61M	$78.30M	$8.07M	-$26.38M	$937.13M	$594.43M
Investing cash flow	-$548.87M	-$543.32M	-$576.83M	-$2.16B	-$391.40M	-$511.66M	-$495.01M	-$562.96M	-$588.05M	-$457.94M	-$1.60B	-$1.33B
Financing cash flow	-$25.36M	$42.78M	-$26.52M	$1.56B	-$165.84M	-$233.44M	$3.25M	-$149.10M	$96.69M	$387.00K	$661.28M	$711.86M
Dividends paid	$23.71M	$23.86M	$24.89M	$24.85M	$31.28M	$39.18M	$38.97M	$38.66M	$46.28M	$46.82M	$46.44M	$46.20M
Share buybacks	—	—	—	$0	$0	$0	$44.25M	$6.46M	$5.14M	$707.00K	$11.40M	$12.09M
Stock-based compensation	$2.88M	$2.84M	$2.97M	$4.28M	$4.89M	$3.89M	$4.57M	$6.18M	$3.69M	$4.52M	$6.10M	$6.91M
Depreciation & amortization	$220.06M	$212.31M	$225.93M	$242.82M	$293.23M	$281.89M	$302.60M	$305.35M	$305.51M	$292.70M	$315.14M	$342.96M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.