Matador Resources (MTDR) Financials

$43.94 +0.12 (+0.26%)

As of 01:04 PM Eastern

Annual Income Statements for Matador Resources

This table shows Matador Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	885	846	1,214	585	-593	88	274	126	-97	-680
Consolidated Net Income / (Loss)	971	910	1,286	641	-554	123	300	138	-97	-680
Net Income / (Loss) Continuing Operations	971	910	1,286	641	-554	123	300	138	-97	-680
Total Pre-Tax Income	1,264	1,096	1,686	715	-599	159	292	130	-98	-827
Total Operating Income	1,435	1,209	1,759	793	-521	235	363	161	-177	-807
Total Gross Profit	3,333	2,678	2,963	1,602	821	830	782	464	259	263
Total Revenue	3,505	2,807	3,058	1,663	862	984	900	544	264	318
Operating Revenue	3,505	2,807	3,058	1,663	862	984	900	544	264	318
Total Cost of Revenue	171	129	96	61	42	154	118	80	5.39	55
Operating Cost of Revenue	171	129	96	61	42	154	118	80	5.39	55
Total Operating Expenses	1,899	1,469	1,203	808	1,342	594	419	303	436	1,069
Selling, General & Admin Expense	127	110	116	96	63	80	69	66	55	50
Marketing Expense	307	264	282	179	93	92	76	58	43	36
Depreciation Expense	974	717	466	345	362	351	265	178	122	179
Other Operating Expenses / (Income)	490	377	338	188	140	71	8.17	1.29	57	4.22
Total Other Income / (Expense), net	-171	-113	-74	-78	-78	-77	-71	-31	79	-21
Interest Expense	172	122	67	75	77	74	73	35	28	22
Other Income / (Expense), net	0.70	8.58	-6.43	-3.04	-0.97	-3.09	1.36	3.57	107	0.62
Income Tax Expense	292	186	399	75	-46	36	-7.69	-8.16	-1.04	-147
Net Income / (Loss) Attributable to Noncontrolling Interest	86	64	72	56	40	35	26	12	0.36	0.26
Basic Earnings per Share	$7.16	$7.10	$10.28	$5.00	($5.11)	$0.75	$2.41	$1.23	($1.07)	($8.34)
Weighted Average Basic Shares Outstanding	123.57M	119.14M	118.12M	117.00M	116.07M	116.56M	113.58M	102.03M	91.27M	81.54M
Diluted Earnings per Share	$7.14	$7.05	$10.11	$4.91	($5.11)	$0.75	$2.41	$1.23	($1.07)	($8.34)
Weighted Average Diluted Shares Outstanding	124.08M	119.98M	120.13M	119.16M	116.07M	117.06M	113.69M	102.54M	91.27M	81.54M
Weighted Average Basic & Diluted Shares Outstanding	125.21M	119.52M	119.07M	118.04M	116.76M	116.57M	116.39M	102.30M	91M	100.03M
Cash Dividends to Common per Share	$0.85	$0.65	$0.30	$0.13	-	-	-	-	-	-

This table shows Matador Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	240	215	248	229	194	255	264	165	163	254	338
Consolidated Net Income / (Loss)	262	238	273	248	213	276	278	177	179	272	354
Net Income / (Loss) Continuing Operations	262	238	273	248	213	276	278	177	179	272	354
Total Pre-Tax Income	345	300	358	326	280	333	293	234	236	353	468
Total Operating Income	389	360	392	364	319	366	340	252	251	372	483
Total Gross Profit	961	996	856	810	672	800	741	607	529	760	774
Total Revenue	1,014	970	900	847	788	836	772	638	560	707	841
Operating Revenue	1,014	970	900	847	788	836	772	638	560	707	841
Total Cost of Revenue	53	-25	44	37	116	36	31	31	31	-53	67
Operating Cost of Revenue	53	-25	44	37	116	36	31	31	31	-53	67
Total Operating Expenses	572	636	464	446	353	434	401	355	278	389	291
Selling, General & Admin Expense	34	41	29	28	30	29	32	27	22	35	28
Marketing Expense	94	87	73	77	70	75	72	62	55	63	74
Depreciation Expense	282	293	243	226	212	220	193	178	126	132	119
Other Operating Expenses / (Income)	162	214	120	116	41	109	105	89	74	160	70
Total Other Income / (Expense), net	-44	-60	-34	-38	-39	-32	-47	-18	-16	-19	-15
Interest Expense	49	60	36	36	40	36	35	34	16	16	16
Other Income / (Expense), net	5.51	0.13	2.11	-2.12	0.58	3.50	-12	16	0.34	-2.58	0.69
Income Tax Expense	83	62	85	78	67	57	15	57	57	81	114
Net Income / (Loss) Attributable to Noncontrolling Interest	22	23	24	19	19	21	15	12	16	18	16
Basic Earnings per Share	$1.92	$1.72	$1.99	$1.83	$1.62	$2.14	$2.21	$1.38	$1.37	$2.14	$2.86
Weighted Average Basic Shares Outstanding	125.19M	123.57M	124.81M	124.79M	119.72M	119.14M	119.15M	119.18M	119.03M	118.12M	118.14M
Diluted Earnings per Share	$1.92	$1.71	$1.99	$1.83	$1.61	$2.12	$2.20	$1.37	$1.36	$2.09	$2.82
Weighted Average Diluted Shares Outstanding	125.34M	124.08M	124.98M	124.90M	120.25M	119.98M	120.08M	119.84M	119.70M	120.13M	119.85M
Weighted Average Basic & Diluted Shares Outstanding	125.20M	125.21M	124.77M	124.82M	124.78M	119.52M	119.13M	119.15M	119.18M	119.07M	118.16M
Cash Dividends to Common per Share	$0.31	-	$0.20	$0.20	$0.20	-	$0.15	$0.15	$0.15	-	$0.10

This table details how cash moves in and out of Matador Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-12	-441	460	-4.46	26	-19	-18	-112	153	8.33
Net Cash From Operating Activities	2,247	1,868	1,979	1,053	478	552	609	299	134	209
Net Cash From Continuing Operating Activities	2,247	1,868	1,979	1,053	478	552	609	299	134	209
Net Income / (Loss) Continuing Operations	971	910	1,286	641	-554	123	300	138	-97	-680
Consolidated Net Income / (Loss)	971	910	1,286	641	-554	123	300	138	-97	-680
Depreciation Expense	974	717	466	345	362	351	265	178	122	179
Amortization Expense	17	7.05	-0.52	3.66	2.83	2.48	1.36	0.47	1.15	0.85
Non-Cash Adjustments To Reconcile Net Income	72	-25	50	17	692	30	46	15	65	811
Changes in Operating Assets and Liabilities, net	213	259	176	47	-25	46	-3.90	-32	43	-103
Net Cash From Investing Activities	-3,672	-3,211	-1,037	-729	-776	-904	-1,515	-819	-449	-425
Net Cash From Continuing Investing Activities	-3,672	-3,211	-1,037	-729	-776	-904	-1,515	-819	-449	-425
Purchase of Property, Plant & Equipment	-1,967	-1,550	-1,008	-733	-780	-926	-1,524	-820	-454	-497
Acquisitions	-1,831	-1,676	-76	0.00	0.00	-	-	-	-	-24
Sale of Property, Plant & Equipment	12	15	47	4.22	4.79	22	8.33	0.98	5.17	140
Divestitures	114	0.00	0.00	-	-	-	-	-	-	-
Net Cash From Financing Activities	1,414	902	-481	-329	324	333	888	408	468	225
Net Cash From Continuing Financing Activities	1,414	902	-481	-329	324	333	888	408	468	225
Repayment of Debt	-5,467	-3,237	-799	-687	-29	-37	-993	0.00	-123	-87
Payment of Dividends	-202	-155	-121	-77	-46	-39	-122	-13	0.00	0.00
Issuance of Debt	6,541	4,255	430	395	266	318	1,682	0.00	305	125
Issuance of Common Equity	364	25	0.00	0.00	120	77	312	253	289	189
Other Financing Activities, net	178	15	9.01	40	13	14	9.05	169	-1.85	-1.04

This table details how cash moves in and out of Matador Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-17	18	13	-10	-32	44	-3.66	-438	-44	106	159
Net Cash From Operating Activities	728	575	610	593	469	618	461	449	340	447	557
Net Cash From Continuing Operating Activities	728	575	610	593	469	618	461	449	340	447	557
Net Income / (Loss) Continuing Operations	262	238	273	248	213	276	278	177	179	272	354
Consolidated Net Income / (Loss)	262	238	273	248	213	276	278	177	179	272	354
Depreciation Expense	282	293	243	226	212	220	193	178	126	132	119
Amortization Expense	3.66	4.25	2.70	4.94	4.64	2.05	2.10	2.06	0.84	0.17	-1.89
Non-Cash Adjustments To Reconcile Net Income	38	24	4.19	23	22	-7.65	-4.49	-6.13	-6.82	27	14
Changes in Operating Assets and Liabilities, net	142	16	88	92	17	128	-7.83	98	40	15	72
Net Cash From Investing Activities	-512	-391	-2,161	-577	-543	-549	-424	-1,895	-343	-276	-240
Net Cash From Continuing Investing Activities	-512	-391	-2,161	-577	-543	-549	-424	-1,895	-343	-276	-240
Purchase of Property, Plant & Equipment	-534	-516	-425	-482	-544	-495	-424	-287	-344	-276	-240
Divestitures	22	113	-	-	0.90	-0.73	0.28	-	0.45	-47	0.10
Net Cash From Financing Activities	-233	-166	1,563	-27	43	-25	-41	1,009	-40	-65	-157
Net Cash From Continuing Financing Activities	-233	-166	1,563	-27	43	-25	-41	1,009	-40	-65	-157
Repayment of Debt	-696	-2,141	-1,442	-877	-1,007	-457	-465	-2,252	-64	-94	-192
Payment of Dividends	-75	-56	-48	-49	-50	-41	-34	-43	-37	-30	-34
Issuance of Debt	545	1,159	3,041	1,582	759	458	449	3,283	65	55	70
Issuance of Common Equity	0.00	-	-	12	352	-	-	25	0.00	-	-
Other Financing Activities, net	-7.75	872	12	-694	-12	14	8.96	-3.88	-4.21	4.52	-1.41

This table presents Matador Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2016
Total Assets	10,850	7,727	5,555	4,262	3,687	4,070	3,456	2,146	1,465	1,465
Total Current Assets	927	716	1,072	371	262	278	306	257	279	279
Cash & Equivalents	23	53	505	48	58	40	65	97	213	213
Restricted Cash	72	54	42	39	33	25	19	5.98	1.26	1.26
Accounts Receivable	655	473	454	241	137	189	146	141	59	59
Inventories, net	38	42	15	12	11	11	18	5.99	3.05	3.05
Prepaid Expenses	123	93	52	29	16	13	8.06	6.29	3.33	3.33
Other Current Assets	16	2.11	3.93	1.97	6.73	0.00	50	1.19	0.00	0.00
Plant, Property, & Equipment, net	9,764	6,956	4,418	3,857	3,368	3,700	3,123	1,881	1,185	1,185
Plant, Property & Equipment, gross	15,967	12,185	8,930	7,903	7,069	6,355	5,430	3,923	3,049	3,049
Accumulated Depreciation	6,203	5,229	4,512	4,046	3,702	2,656	2,307	2,042	1,864	1,864
Total Noncurrent Assets	159	55	64	34	58	92	27	7.06	0.96	0.96
Other Noncurrent Operating Assets	159	55	64	34	58	92	6.51	7.06	0.96	0.96
Total Liabilities & Shareholders' Equity	10,850	7,727	5,555	4,262	3,687	4,070	3,456	2,146	1,465	1,465
Total Liabilities	5,393	3,599	2,237	2,135	2,174	2,100	1,676	888	773	773
Total Current Liabilities	995	685	576	465	291	400	330	283	170	170
Accounts Payable	147	68	59	26	14	25	67	12	4.67	4.67
Accrued Expenses	669	528	379	348	185	286	236	236	125	125
Other Current Liabilities	179	89	138	91	92	89	27	35	39	39
Total Noncurrent Liabilities	4,397	2,914	1,662	1,670	1,883	1,700	1,346	606	604	604
Long-Term Debt	3,325	2,207	1,160	1,528	1,815	1,582	1,298	574	574	574
Asset Retirement Reserve & Litigation Obligation	114	87	53	42	38	36	30	25	20	20
Noncurrent Deferred & Payable Income Tax Liabilities	848	581	428	78	0.00	37	13	0.00	-	-
Other Noncurrent Operating Liabilities	110	38	20	23	30	45	5.05	6.39	10	10
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,457	4,128	3,317	2,127	1,513	1,969	1,780	1,258	691	691
Total Preferred & Common Equity	5,089	3,911	3,111	1,907	1,287	1,834	1,689	1,157	690	690
Total Common Equity	5,089	3,911	3,111	1,907	1,287	1,834	1,689	1,157	690	690
Common Stock	2,534	2,134	2,103	2,079	2,028	1,982	1,926	1,667	1,326	1,326
Retained Earnings	2,557	1,777	1,008	-171	-742	-149	-236	-510	-636	-636
Treasury Stock	-2.34	-0.05	-0.03	-0.24	-0.00	-0.03	-0.42	-0.07	0.00	-
Noncontrolling Interest	368	217	206	220	226	136	91	101	1.32	1.32

This table presents Matador Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	11,082	10,623	8,518	8,227	7,439	7,132	5,782	5,305
Total Current Assets	891	847	738	754	711	634	1,006	927
Cash & Equivalents	15	23	15	23	26	22	449	400
Restricted Cash	63	54	49	51	36	44	55	41
Accounts Receivable	643	606	528	528	527	461	413	418
Inventories, net	35	34	38	40	35	31	20	14
Prepaid Expenses	112	104	103	108	87	77	70	51
Other Current Assets	23	26	5.59	3.03	0.00	0.00	0.00	1.50
Plant, Property, & Equipment, net	10,012	9,546	7,678	7,379	6,676	6,439	4,706	4,318
Plant, Property & Equipment, gross	16,494	15,456	13,345	12,820	11,685	11,255	9,345	8,699
Accumulated Depreciation	6,482	5,910	5,667	5,441	5,009	4,816	4,639	4,381
Total Noncurrent Assets	179	230	102	94	52	59	69	60
Other Noncurrent Operating Assets	179	115	102	94	52	59	69	60
Total Liabilities & Shareholders' Equity	11,082	10,623	8,518	8,227	7,439	7,132	5,782	5,305
Total Liabilities	5,438	5,527	3,663	3,591	3,564	3,515	2,326	2,240
Total Current Liabilities	1,130	966	857	851	722	687	601	625
Accounts Payable	129	114	96	122	81	75	45	61
Accrued Expenses	759	699	584	598	518	488	447	441
Other Current Liabilities	242	153	176	131	123	124	109	120
Total Noncurrent Liabilities	4,308	4,561	2,806	2,740	2,842	2,828	1,725	1,614
Long-Term Debt	3,176	3,596	1,982	1,972	2,189	2,203	1,171	1,193
Asset Retirement Reserve & Litigation Obligation	112	119	94	90	87	63	54	52
Noncurrent Deferred & Payable Income Tax Liabilities	907	784	674	626	553	545	483	349
Other Noncurrent Operating Liabilities	112	61	57	52	13	17	17	21
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,644	5,096	4,856	4,636	3,875	3,617	3,456	3,066
Total Preferred & Common Equity	5,287	4,871	4,632	4,418	3,663	3,403	3,253	2,859
Total Common Equity	5,287	4,871	4,632	4,418	3,663	3,403	3,253	2,859
Common Stock	2,535	2,500	2,484	2,474	2,122	2,108	2,101	2,096
Retained Earnings	2,758	2,374	2,150	1,946	1,546	1,300	1,153	766
Treasury Stock	-5.67	-3.03	-2.99	-2.09	-5.08	-5.08	-1.27	-2.59
Noncontrolling Interest	357	226	224	218	213	215	203	207

This table displays calculated financial ratios and metrics derived from Matador Resources' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.88%	-8.22%	83.89%	92.89%	-12.36%	9.35%	65.28%	105.84%	-16.86%	-26.42%
EBITDA Growth	24.96%	-12.49%	94.86%	821.53%	-126.96%	-7.24%	84.33%	542.35%	108.51%	-298.71%
EBIT Growth	17.86%	-30.52%	121.87%	251.21%	-324.83%	-36.27%	121.77%	335.23%	91.33%	-546.65%
NOPAT Growth	9.82%	-25.20%	89.02%	294.56%	-299.81%	-51.00%	118.10%	237.84%	78.04%	-595.13%
Net Income Growth	6.70%	-29.23%	100.79%	215.73%	-550.11%	-58.97%	117.21%	242.19%	85.72%	-713.54%
EPS Growth	1.28%	-30.27%	105.91%	196.09%	-781.33%	-68.88%	95.94%	214.95%	87.17%	-634.62%
Operating Cash Flow Growth	20.29%	-5.61%	87.85%	120.56%	-13.49%	-9.28%	103.43%	123.08%	-35.70%	-17.08%
Free Cash Flow Firm Growth	-4.90%	-231.96%	158.82%	429.57%	62.98%	65.17%	-75.86%	-99.90%	12.72%	8.92%
Invested Capital Growth	39.50%	58.47%	10.14%	10.24%	-7.17%	16.48%	73.12%	64.49%	14.06%	-22.92%
Revenue Q/Q Growth	3.98%	4.80%	4.84%	25.90%	-6.95%	-0.12%	17.86%	14.42%	6.62%	-21.40%
EBITDA Q/Q Growth	2.82%	4.88%	4.09%	50.44%	-522.40%	-9.22%	25.06%	-12.31%	119.13%	-96.24%
EBIT Q/Q Growth	-0.62%	0.00%	2.70%	93.36%	-30.21%	-27.50%	42.23%	-30.09%	82.76%	-58.99%
NOPAT Q/Q Growth	-1.62%	1.71%	3.03%	73.11%	-31.07%	-38.30%	45.51%	33.51%	56.53%	-58.80%
Net Income Q/Q Growth	-3.76%	0.44%	3.26%	92.50%	-24.87%	-47.31%	51.31%	-30.95%	77.52%	-68.75%
EPS Q/Q Growth	-5.43%	0.43%	2.95%	109.83%	-23.73%	-56.40%	51.57%	-40.87%	79.38%	-74.48%
Operating Cash Flow Q/Q Growth	-1.89%	10.13%	6.00%	20.18%	-7.96%	1.79%	22.70%	14.99%	12.61%	-18.87%
Free Cash Flow Firm Q/Q Growth	1.48%	-8.02%	21.64%	-14.33%	53.01%	12.53%	5.39%	-15.85%	-56.22%	25.15%
Invested Capital Q/Q Growth	2.21%	3.77%	2.97%	7.48%	-3.43%	2.99%	9.47%	12.58%	8.35%	-15.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	95.11%	95.41%	96.88%	96.30%	95.19%	84.33%	86.93%	85.24%	97.96%	82.80%
EBITDA Margin	69.22%	69.18%	72.55%	68.47%	-18.30%	59.51%	70.16%	62.91%	20.16%	-196.94%
Operating Margin	40.93%	43.09%	57.53%	47.69%	-60.49%	23.94%	40.38%	29.55%	-67.00%	-253.64%
EBIT Margin	40.95%	43.39%	57.32%	47.51%	-60.60%	23.62%	40.53%	30.21%	-26.43%	-253.45%
Profit (Net Income) Margin	27.71%	32.43%	42.06%	38.52%	-64.21%	12.50%	33.32%	25.36%	-36.71%	-213.66%
Tax Burden Percent	76.86%	83.03%	76.31%	89.56%	92.39%	77.58%	102.63%	106.28%	98.94%	82.18%
Interest Burden Percent	88.04%	90.02%	96.17%	90.55%	114.68%	68.21%	80.10%	78.98%	140.35%	102.59%
Effective Tax Rate	23.14%	16.97%	23.69%	10.44%	0.00%	22.42%	-2.63%	-6.28%	0.00%	0.00%
Return on Invested Capital (ROIC)	14.79%	19.77%	35.81%	20.88%	-10.86%	5.64%	15.79%	12.30%	-12.57%	-53.34%
ROIC Less NNEP Spread (ROIC-NNEP)	9.86%	12.86%	30.34%	16.48%	-22.49%	1.27%	7.12%	4.37%	-5.77%	-83.49%
Return on Net Nonoperating Assets (RNNOA)	5.48%	4.69%	11.44%	14.32%	-20.93%	0.92%	3.95%	1.87%	-3.87%	-46.93%
Return on Equity (ROE)	20.27%	24.46%	47.25%	35.20%	-31.79%	6.56%	19.74%	14.16%	-16.44%	-100.26%
Cash Return on Invested Capital (CROIC)	-18.20%	-25.48%	26.15%	11.13%	-3.42%	-9.58%	-37.76%	-36.47%	-25.71%	-27.45%
Operating Return on Assets (OROA)	15.45%	18.34%	35.71%	19.88%	-13.47%	6.18%	13.02%	9.11%	-5.37%	-62.60%
Return on Assets (ROA)	10.46%	13.71%	26.21%	16.12%	-14.27%	3.27%	10.70%	7.65%	-7.45%	-52.77%
Return on Common Equity (ROCE)	19.03%	23.07%	43.55%	30.88%	-28.48%	6.16%	18.49%	13.42%	-16.41%	-100.18%
Return on Equity Simple (ROE_SIMPLE)	19.09%	23.28%	41.35%	33.59%	-43.03%	6.71%	17.75%	11.93%	-14.06%	-139.25%
Net Operating Profit after Tax (NOPAT)	1,103	1,004	1,342	710	-365	183	373	171	-124	-565
NOPAT Margin	31.46%	35.78%	43.90%	42.71%	-42.34%	18.57%	41.44%	31.41%	-46.90%	-177.55%
Net Nonoperating Expense Percent (NNEP)	4.93%	6.91%	5.47%	4.40%	11.63%	4.37%	8.67%	7.92%	-6.80%	30.15%
Return On Investment Capital (ROIC_SIMPLE)	12.56%	15.85%	29.98%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	4.89%	4.59%	3.12%	3.70%	4.81%	15.67%	13.07%	14.76%	2.04%	17.20%
SG&A Expenses to Revenue	3.64%	3.93%	3.80%	5.80%	7.26%	8.14%	7.70%	12.13%	20.83%	15.75%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	54.17%	52.32%	39.35%	48.61%	155.68%	60.39%	46.55%	55.69%	164.96%	336.15%
Earnings before Interest and Taxes (EBIT)	1,435	1,218	1,753	790	-522	232	365	164	-70	-806
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,426	1,942	2,219	1,139	-158	585	631	342	53	-626
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.38	1.71	2.12	2.21	1.06	1.11	1.04	2.83	3.38	3.36
Price to Tangible Book Value (P/TBV)	1.38	1.71	2.12	2.21	1.06	1.11	1.04	2.83	3.38	3.36
Price to Revenue (P/Rev)	2.00	2.38	2.15	2.53	1.58	2.07	1.95	6.01	8.82	5.15
Price to Earnings (P/E)	7.93	7.89	5.42	7.20	0.00	23.14	6.39	25.99	0.00	0.00
Dividend Yield	1.51%	1.16%	0.54%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	12.61%	12.67%	18.44%	13.88%	0.00%	4.32%	15.66%	3.85%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.22	1.44	1.88	1.65	1.02	1.06	1.02	2.22	2.56	2.25
Enterprise Value to Revenue (EV/Rev)	3.03	3.20	2.42	3.53	3.85	3.75	3.40	7.06	10.19	6.52
Enterprise Value to EBITDA (EV/EBITDA)	4.38	4.63	3.34	5.16	0.00	6.29	4.84	11.23	50.55	0.00
Enterprise Value to EBIT (EV/EBIT)	7.40	7.39	4.22	7.44	0.00	15.85	8.38	23.38	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	9.63	8.96	5.52	8.27	0.00	20.17	8.20	22.49	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.73	4.82	3.74	5.58	6.94	6.67	5.02	12.85	20.10	9.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	7.55	15.51	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.61	0.53	0.35	0.72	1.20	0.80	0.73	0.46	0.83	1.01
Long-Term Debt to Equity	0.61	0.53	0.35	0.72	1.20	0.80	0.73	0.46	0.83	1.01
Financial Leverage	0.56	0.36	0.38	0.87	0.93	0.73	0.55	0.43	0.67	0.56
Leverage Ratio	1.94	1.78	1.80	2.18	2.23	2.01	1.84	1.85	2.21	1.90
Compound Leverage Factor	1.71	1.61	1.73	1.98	2.55	1.37	1.48	1.46	3.10	1.95
Debt to Total Capital	37.86%	34.84%	25.91%	41.79%	54.54%	44.55%	42.17%	31.34%	45.36%	50.24%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	37.86%	34.84%	25.91%	41.79%	54.54%	44.55%	42.17%	31.34%	45.36%	50.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.19%	3.42%	4.61%	6.02%	6.81%	3.82%	2.95%	5.51%	0.10%	0.10%
Common Equity to Total Capital	57.94%	61.74%	69.48%	52.18%	38.66%	51.63%	54.88%	63.14%	54.54%	49.66%
Debt to EBITDA	1.37	1.14	0.52	1.34	-11.50	2.70	2.06	1.68	10.77	-0.79
Net Debt to EBITDA	1.33	1.08	0.28	1.27	-10.92	2.59	1.92	1.38	6.75	-0.69
Long-Term Debt to EBITDA	1.37	1.14	0.52	1.34	-11.50	2.70	2.06	1.68	10.77	-0.79
Debt to NOPAT	3.02	2.20	0.86	2.15	-4.97	8.66	3.48	3.36	-4.63	-0.87
Net Debt to NOPAT	2.93	2.09	0.46	2.03	-4.72	8.31	3.26	2.76	-2.90	-0.77
Long-Term Debt to NOPAT	3.02	2.20	0.86	2.15	-4.97	8.66	3.48	3.36	-4.63	-0.87
Altman Z-Score	1.86	2.32	3.72	2.10	-0.15	0.92	1.13	2.37	1.32	-1.22
Noncontrolling Interest Sharing Ratio	6.10%	5.68%	7.83%	12.27%	10.40%	6.04%	6.31%	5.25%	0.19%	0.08%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.93	1.04	1.86	0.80	0.90	0.70	0.93	0.91	1.65	0.93
Quick Ratio	0.68	0.77	1.67	0.62	0.67	0.57	0.64	0.84	1.60	0.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,357	-1,294	981	379	-115	-311	-892	-507	-254	-291
Operating Cash Flow to CapEx	114.96%	121.68%	205.76%	144.44%	61.57%	61.07%	40.16%	36.51%	29.88%	58.35%
Free Cash Flow to Firm to Interest Expense	-7.91	-10.65	14.60	5.07	-1.50	-4.20	-12.29	-14.67	-8.99	-13.36
Operating Cash Flow to Interest Expense	13.09	15.37	29.46	14.10	6.23	7.47	8.39	8.65	4.76	9.59
Operating Cash Flow Less CapEx to Interest Expense	1.70	2.74	15.14	4.34	-3.89	-4.76	-12.50	-15.05	-11.16	-6.84
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.42	0.62	0.42	0.22	0.26	0.32	0.30	0.20	0.25
Accounts Receivable Turnover	6.22	6.06	8.80	8.79	5.28	5.86	6.26	5.45	5.13	7.11
Inventory Turnover	4.27	4.52	6.98	5.40	3.89	10.89	9.98	17.78	2.13	33.83
Fixed Asset Turnover	0.42	0.49	0.74	0.46	0.24	0.29	0.36	0.36	0.24	0.27
Accounts Payable Turnover	1.59	2.03	2.24	3.05	2.12	3.34	2.99	9.78	0.69	3.84
Days Sales Outstanding (DSO)	58.72	60.26	41.49	41.54	69.13	62.26	58.30	67.02	71.14	51.30
Days Inventory Outstanding (DIO)	85.43	80.68	52.30	67.62	93.79	33.52	36.57	20.53	171.60	10.79
Days Payable Outstanding (DPO)	229.15	179.84	162.60	119.49	172.44	109.19	122.20	37.32	529.65	95.05
Cash Conversion Cycle (CCC)	-85.00	-38.90	-68.81	-10.32	-9.52	-13.41	-27.34	50.23	-286.92	-32.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,688	6,228	3,930	3,568	3,237	3,487	2,994	1,729	1,051	922
Invested Capital Turnover	0.47	0.55	0.82	0.49	0.26	0.30	0.38	0.39	0.27	0.30
Increase / (Decrease) in Invested Capital	2,460	2,298	362	331	-250	493	1,264	678	130	-274
Enterprise Value (EV)	10,619	8,995	7,405	5,875	3,316	3,684	3,055	3,844	2,694	2,073
Market Capitalization	7,020	6,678	6,586	4,215	1,366	2,031	1,751	3,272	2,333	1,639
Book Value per Share	$40.79	$32.83	$26.33	$16.25	$11.01	$15.72	$14.52	$10.66	$7.38	$5.70
Tangible Book Value per Share	$40.79	$32.83	$26.33	$16.25	$11.01	$15.72	$14.52	$10.66	$7.38	$5.70
Total Capital	8,783	6,334	4,477	3,655	3,328	3,552	3,077	1,832	1,265	983
Total Debt	3,325	2,207	1,160	1,528	1,815	1,582	1,298	574	574	494
Total Long-Term Debt	3,325	2,207	1,160	1,528	1,815	1,582	1,298	574	574	494
Net Debt	3,231	2,100	613	1,441	1,724	1,517	1,214	472	360	433
Capital Expenditures (CapEx)	1,954	1,535	962	729	776	904	1,515	819	449	357
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-163	-76	-51	-180	-121	-186	-108	-128	-104	-71
Debt-free Net Working Capital (DFNWC)	-68	31	496	-94	-29	-121	-24	-25	110	-9.82
Net Working Capital (NWC)	-68	31	496	-94	-29	-121	-24	-25	110	-9.82
Net Nonoperating Expense (NNE)	131	94	56	70	189	60	73	33	-27	115
Net Nonoperating Obligations (NNO)	3,231	2,100	613	1,441	1,724	1,517	1,214	472	360	433
Total Depreciation and Amortization (D&A)	991	724	466	349	365	353	266	178	123	180
Debt-free, Cash-free Net Working Capital to Revenue	-4.64%	-2.70%	-1.68%	-10.85%	-14.00%	-18.95%	-12.04%	-23.50%	-39.51%	-22.30%
Debt-free Net Working Capital to Revenue	-1.94%	1.09%	16.22%	-5.62%	-3.40%	-12.33%	-2.71%	-4.67%	41.48%	-3.09%
Net Working Capital to Revenue	-1.94%	1.09%	16.22%	-5.62%	-3.40%	-12.33%	-2.71%	-4.67%	41.48%	-3.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.16	$7.10	$10.28	$5.00	($5.11)	$0.75	$2.41	$1.23	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	123.57M	119.14M	118.12M	117.00M	116.07M	116.56M	113.58M	102.03M	0.00	0.00
Adjusted Diluted Earnings per Share	$7.14	$7.05	$10.11	$4.91	($5.11)	$0.75	$2.41	$1.23	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	124.08M	119.98M	120.13M	119.16M	116.07M	117.06M	113.69M	102.54M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	125.21M	119.52M	119.07M	118.04M	116.76M	116.57M	116.39M	109.25M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	1,103	1,004	1,342	710	114	183	254	113	-13	-4.48
Normalized NOPAT Margin	31.46%	35.78%	43.90%	42.71%	13.25%	18.57%	28.27%	20.69%	-4.91%	-1.41%
Pre Tax Income Margin	36.05%	39.06%	55.12%	43.02%	-69.50%	16.11%	32.47%	23.86%	-37.10%	-260.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.36	10.02	26.10	10.58	-6.81	3.15	5.03	4.76	-2.48	-37.05
NOPAT to Interest Expense	6.42	8.26	19.99	9.51	-4.76	2.47	5.14	4.95	-4.40	-25.96
EBIT Less CapEx to Interest Expense	-3.02	-2.61	11.78	0.81	-16.93	-9.09	-15.86	-18.95	-18.39	-53.48
NOPAT Less CapEx to Interest Expense	-4.96	-4.37	5.67	-0.25	-14.87	-9.76	-15.75	-18.76	-20.31	-42.38
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.83%	17.07%	9.43%	11.95%	-8.23%	31.87%	40.54%	9.20%	0.00%	0.00%
Augmented Payout Ratio	20.83%	17.07%	9.43%	11.95%	-8.23%	31.87%	40.61%	9.40%	-0.87%	-0.17%

This table displays calculated financial ratios and metrics derived from Matador Resources' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	28.73%	16.05%	16.51%	32.76%	40.59%	18.19%	-8.16%	-32.40%	-0.96%	24.92%	78.03%
EBITDA Growth	26.79%	11.24%	22.24%	32.17%	41.58%	18.03%	-12.92%	-36.96%	-6.64%	21.06%	87.92%
EBIT Growth	23.51%	-2.41%	20.03%	34.57%	26.91%	0.00%	-32.14%	-54.52%	-18.55%	14.28%	110.48%
NOPAT Growth	21.73%	-5.69%	-7.57%	45.08%	27.19%	5.64%	-11.63%	-57.98%	-19.39%	16.00%	53.95%
Net Income Growth	23.01%	-13.77%	-2.06%	39.77%	19.15%	1.48%	-21.36%	-59.40%	-20.19%	17.58%	62.35%
EPS Growth	19.25%	-19.34%	-9.55%	33.58%	18.38%	1.44%	-21.99%	-60.52%	-21.39%	16.11%	64.91%
Operating Cash Flow Growth	55.34%	-7.02%	32.42%	32.05%	38.02%	38.48%	-17.23%	-30.53%	3.21%	33.48%	91.24%
Free Cash Flow Firm Growth	11.70%	-8.99%	-18.15%	58.37%	-900.36%	-2,542.49%	-1,317.70%	-2,476.88%	6.08%	10.61%	-148.75%
Invested Capital Growth	33.82%	39.50%	41.63%	17.71%	58.47%	58.47%	57.25%	52.23%	10.97%	10.14%	14.97%
Revenue Q/Q Growth	4.49%	7.84%	6.21%	7.55%	-5.79%	8.27%	21.03%	13.89%	-20.81%	-15.87%	-10.91%
EBITDA Q/Q Growth	3.43%	2.81%	7.99%	10.42%	-9.26%	12.98%	16.75%	18.28%	-24.35%	-16.65%	-15.47%
EBIT Q/Q Growth	9.57%	-8.62%	9.04%	13.13%	-13.43%	12.40%	22.25%	6.70%	-31.79%	-23.73%	-18.06%
NOPAT Q/Q Growth	3.60%	-4.43%	8.00%	13.85%	-19.74%	-6.34%	69.51%	-0.19%	-33.34%	-21.65%	-19.40%
Net Income Q/Q Growth	10.21%	-12.74%	10.16%	16.11%	-22.74%	-0.88%	57.20%	-1.02%	-34.20%	-23.20%	-18.84%
EPS Q/Q Growth	12.28%	-14.07%	8.74%	13.66%	-24.06%	-3.64%	60.58%	0.74%	-34.93%	-25.89%	-18.73%
Operating Cash Flow Q/Q Growth	26.60%	-5.81%	2.95%	26.54%	-24.22%	34.14%	2.66%	32.26%	-23.97%	-19.83%	-13.82%
Free Cash Flow Firm Q/Q Growth	11.99%	1.15%	-196.30%	65.75%	-8.63%	-7.17%	-4.39%	-723.18%	-186.95%	42.51%	-89.74%
Invested Capital Q/Q Growth	0.63%	2.21%	25.50%	3.67%	4.90%	3.77%	4.30%	39.57%	4.91%	2.97%	0.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	94.78%	102.62%	95.14%	95.60%	85.28%	95.65%	96.01%	95.20%	94.46%	107.49%	92.01%
EBITDA Margin	67.08%	67.78%	71.09%	69.93%	68.11%	70.71%	67.76%	70.24%	67.63%	70.80%	71.46%
Operating Margin	38.38%	37.11%	43.57%	42.92%	40.49%	43.73%	44.03%	39.54%	44.88%	52.54%	57.47%
EBIT Margin	38.92%	37.12%	43.81%	42.67%	40.57%	44.14%	42.52%	42.10%	44.94%	52.17%	57.55%
Profit (Net Income) Margin	25.86%	24.52%	30.30%	29.22%	27.07%	33.00%	36.05%	27.75%	31.94%	38.43%	42.10%
Tax Burden Percent	75.98%	79.26%	76.17%	76.04%	76.15%	82.77%	95.02%	75.55%	75.95%	77.06%	75.65%
Interest Burden Percent	87.46%	83.35%	90.82%	90.05%	87.62%	90.33%	89.22%	87.26%	93.58%	95.59%	96.69%
Effective Tax Rate	24.02%	20.74%	23.83%	23.96%	23.85%	17.23%	4.98%	24.45%	24.05%	22.94%	24.35%
Return on Invested Capital (ROIC)	14.24%	13.82%	15.43%	16.90%	17.56%	20.00%	22.82%	17.21%	26.55%	33.03%	35.54%
ROIC Less NNEP Spread (ROIC-NNEP)	12.91%	12.04%	14.49%	15.47%	15.24%	18.03%	19.72%	16.36%	25.37%	31.61%	34.47%
Return on Net Nonoperating Assets (RNNOA)	6.27%	6.70%	8.93%	7.40%	4.83%	6.57%	8.17%	8.17%	8.96%	11.92%	14.99%
Return on Equity (ROE)	20.52%	20.52%	24.36%	24.30%	22.39%	26.57%	31.00%	25.38%	35.50%	44.95%	50.53%
Cash Return on Invested Capital (CROIC)	-13.80%	-18.20%	-19.00%	1.99%	-25.40%	-25.48%	-24.40%	-19.73%	22.68%	26.15%	22.59%
Operating Return on Assets (OROA)	15.04%	14.01%	16.35%	17.69%	17.57%	18.66%	17.87%	19.12%	26.51%	32.51%	36.14%
Return on Assets (ROA)	10.00%	9.25%	11.31%	12.11%	11.72%	13.95%	15.15%	12.60%	18.84%	23.95%	26.44%
Return on Common Equity (ROCE)	19.37%	19.27%	23.17%	23.05%	21.22%	25.06%	29.12%	23.67%	32.92%	41.43%	46.20%
Return on Equity Simple (ROE_SIMPLE)	19.30%	0.00%	20.72%	21.92%	21.38%	0.00%	24.74%	28.86%	38.15%	0.00%	43.57%
Net Operating Profit after Tax (NOPAT)	296	285	299	277	243	303	323	191	191	286	366
NOPAT Margin	29.16%	29.41%	33.19%	32.64%	30.83%	36.19%	41.83%	29.87%	34.08%	40.49%	43.48%
Net Nonoperating Expense Percent (NNEP)	1.34%	1.78%	0.94%	1.43%	2.32%	1.97%	3.11%	0.85%	1.18%	1.42%	1.07%
Return On Investment Capital (ROIC_SIMPLE)	3.35%	3.25%	-	-	-	4.78%	-	-	-	6.40%	-
Cost of Revenue to Revenue	5.22%	-2.62%	4.86%	4.40%	14.72%	4.35%	3.99%	4.80%	5.54%	-7.49%	7.99%
SG&A Expenses to Revenue	3.33%	4.24%	3.20%	3.30%	3.76%	3.53%	4.11%	4.19%	4.00%	4.88%	3.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	56.40%	65.51%	51.57%	52.68%	44.79%	51.92%	51.98%	55.66%	49.58%	54.95%	34.55%
Earnings before Interest and Taxes (EBIT)	395	360	394	361	320	369	328	269	252	369	484
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	680	658	640	592	536	591	523	448	379	501	601
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.21	1.38	1.27	1.60	1.79	1.71	1.91	1.80	1.71	2.12	1.97
Price to Tangible Book Value (P/TBV)	1.21	1.38	1.27	1.60	1.79	1.71	1.91	1.80	1.71	2.12	1.97
Price to Revenue (P/Rev)	1.71	2.00	1.83	2.28	2.60	2.38	2.61	2.23	1.82	2.15	1.93
Price to Earnings (P/E)	6.87	7.93	6.67	7.88	9.01	7.89	8.27	6.67	4.75	5.42	4.80
Dividend Yield	1.88%	1.51%	1.62%	1.26%	1.06%	1.16%	0.94%	0.97%	0.86%	0.54%	0.52%
Earnings Yield	14.56%	12.61%	15.00%	12.70%	11.10%	12.67%	12.09%	14.98%	21.03%	18.44%	20.83%
Enterprise Value to Invested Capital (EV/IC)	1.13	1.22	1.15	1.41	1.53	1.44	1.55	1.47	1.56	1.88	1.73
Enterprise Value to Revenue (EV/Rev)	2.64	3.03	2.91	2.95	3.30	3.20	3.48	3.09	2.11	2.42	2.26
Enterprise Value to EBITDA (EV/EBITDA)	3.83	4.38	4.15	4.26	4.77	4.63	5.04	4.40	2.94	3.34	3.10
Enterprise Value to EBIT (EV/EBIT)	6.52	7.40	6.78	6.93	7.79	7.39	7.66	6.18	3.79	4.22	3.87
Enterprise Value to NOPAT (EV/NOPAT)	8.53	9.63	8.74	8.35	9.47	8.96	9.45	8.21	4.96	5.52	5.07
Enterprise Value to Operating Cash Flow (EV/OCF)	3.93	4.73	4.28	4.46	5.02	4.82	5.50	4.74	3.23	3.74	3.54
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	76.49	0.00	0.00	0.00	0.00	7.24	7.55	8.19
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.61	0.71	0.41	0.43	0.53	0.56	0.61	0.34	0.35	0.39
Long-Term Debt to Equity	0.56	0.61	0.71	0.41	0.43	0.53	0.56	0.61	0.34	0.35	0.39
Financial Leverage	0.49	0.56	0.62	0.48	0.32	0.36	0.41	0.50	0.35	0.38	0.43
Leverage Ratio	1.88	1.94	2.01	1.85	1.73	1.78	1.84	1.90	1.79	1.80	1.87
Compound Leverage Factor	1.64	1.62	1.83	1.66	1.52	1.61	1.64	1.66	1.67	1.72	1.81
Debt to Total Capital	36.01%	37.86%	41.37%	28.98%	29.84%	34.84%	36.09%	37.85%	25.30%	25.91%	28.01%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	36.01%	37.86%	41.37%	28.98%	29.84%	34.84%	36.09%	37.85%	25.30%	25.91%	28.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.04%	4.19%	2.60%	3.28%	3.30%	3.42%	3.51%	3.69%	4.39%	4.61%	4.86%
Common Equity to Total Capital	59.94%	57.94%	56.03%	67.74%	66.86%	61.74%	60.40%	58.47%	70.31%	69.48%	67.13%
Debt to EBITDA	1.24	1.37	1.52	0.88	0.94	1.14	1.18	1.14	0.53	0.52	0.56
Net Debt to EBITDA	1.21	1.33	1.44	0.85	0.90	1.08	1.15	1.11	0.30	0.28	0.35
Long-Term Debt to EBITDA	1.24	1.37	1.52	0.88	0.94	1.14	1.18	1.14	0.53	0.52	0.56
Debt to NOPAT	2.75	3.02	3.21	1.73	1.86	2.20	2.22	2.13	0.90	0.86	0.92
Net Debt to NOPAT	2.68	2.93	3.04	1.68	1.79	2.09	2.15	2.07	0.51	0.46	0.58
Long-Term Debt to NOPAT	2.75	3.02	3.21	1.73	1.86	2.20	2.22	2.13	0.90	0.86	0.92
Altman Z-Score	1.48	1.54	1.41	2.07	2.13	1.96	1.97	1.80	2.47	2.90	2.63
Noncontrolling Interest Sharing Ratio	5.59%	6.10%	4.88%	5.18%	5.20%	5.68%	6.04%	6.72%	7.28%	7.83%	8.58%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.79	0.93	0.88	0.86	0.89	1.04	0.98	0.92	1.67	1.86	1.48
Quick Ratio	0.58	0.68	0.65	0.63	0.65	0.77	0.77	0.70	1.43	1.67	1.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,914	-2,175	-2,200	-742	-2,168	-1,995	-1,862	-1,784	-217	-76	-131
Operating Cash Flow to CapEx	136.33%	111.33%	143.77%	123.12%	86.10%	124.87%	108.75%	156.54%	98.72%	161.57%	231.86%
Free Cash Flow to Firm to Interest Expense	-38.68	-36.26	-60.83	-20.63	-54.79	-55.88	-52.59	-52.11	-13.40	-4.60	-8.21
Operating Cash Flow to Interest Expense	14.71	9.59	16.88	16.48	11.84	17.32	13.02	13.12	20.99	27.19	34.82
Operating Cash Flow Less CapEx to Interest Expense	3.92	0.98	5.14	3.09	-1.91	3.45	1.05	4.74	-0.27	10.36	19.80
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.38	0.37	0.41	0.43	0.42	0.42	0.45	0.59	0.62	0.63
Accounts Receivable Turnover	6.37	6.22	5.95	6.56	6.45	6.06	5.67	5.98	7.82	8.80	8.75
Inventory Turnover	2.89	4.27	13.71	13.47	15.26	4.52	1.59	3.45	6.59	6.98	12.48
Fixed Asset Turnover	0.43	0.42	0.42	0.46	0.50	0.49	0.49	0.52	0.70	0.74	0.74
Accounts Payable Turnover	0.86	1.59	4.88	5.41	5.47	2.03	0.55	1.32	2.70	2.24	3.50
Days Sales Outstanding (DSO)	57.32	58.72	61.35	55.64	56.62	60.26	64.39	61.07	46.67	41.49	41.69
Days Inventory Outstanding (DIO)	126.10	85.43	26.63	27.10	23.92	80.68	230.06	105.87	55.37	52.30	29.25
Days Payable Outstanding (DPO)	422.01	229.15	74.87	67.45	66.67	179.84	657.76	276.07	135.05	162.60	104.22
Cash Conversion Cycle (CCC)	-238.60	-85.00	13.11	15.28	13.88	-38.90	-363.31	-109.12	-33.01	-68.81	-33.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,743	8,688	8,500	6,773	6,533	6,228	6,002	5,754	4,123	3,930	3,817
Invested Capital Turnover	0.49	0.47	0.46	0.52	0.57	0.55	0.55	0.58	0.78	0.82	0.82
Increase / (Decrease) in Invested Capital	2,210	2,460	2,499	1,019	2,410	2,298	2,185	1,974	408	362	497
Enterprise Value (EV)	9,852	10,619	9,798	9,552	10,016	8,995	9,330	8,487	6,434	7,405	6,600
Market Capitalization	6,397	7,020	6,168	7,410	7,901	6,678	6,991	6,135	5,563	6,586	5,642
Book Value per Share	$42.23	$40.79	$39.02	$37.12	$36.90	$32.83	$30.74	$28.55	$27.32	$26.33	$24.20
Tangible Book Value per Share	$42.23	$40.79	$39.02	$37.12	$36.90	$32.83	$30.74	$28.55	$27.32	$26.33	$24.20
Total Capital	8,821	8,783	8,692	6,837	6,608	6,334	6,064	5,820	4,626	4,477	4,258
Total Debt	3,176	3,325	3,596	1,982	1,972	2,207	2,189	2,203	1,171	1,160	1,193
Total Long-Term Debt	3,176	3,325	3,596	1,982	1,972	2,207	2,189	2,203	1,171	1,160	1,193
Net Debt	3,099	3,231	3,404	1,918	1,897	2,100	2,126	2,137	667	613	751
Capital Expenditures (CapEx)	534	516	425	482	544	495	424	287	344	276	240
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-316	-163	-196	-182	-172	-76	-73	-118	-98	-51	-140
Debt-free Net Working Capital (DFNWC)	-238	-68	-119	-118	-97	31	-11	-53	405	496	302
Net Working Capital (NWC)	-238	-68	-119	-118	-97	31	-11	-53	405	496	302
Net Nonoperating Expense (NNE)	33	47	26	29	30	27	45	13	12	15	12
Net Nonoperating Obligations (NNO)	3,099	3,231	3,404	1,918	1,897	2,100	2,126	2,137	667	613	751
Total Depreciation and Amortization (D&A)	286	297	246	231	217	222	195	180	127	132	117
Debt-free, Cash-free Net Working Capital to Revenue	-8.47%	-4.64%	-5.81%	-5.61%	-5.65%	-2.70%	-2.73%	-4.31%	-3.22%	-1.68%	-4.80%
Debt-free Net Working Capital to Revenue	-6.39%	-1.94%	-3.52%	-3.64%	-3.20%	1.09%	-0.41%	-1.91%	13.27%	16.22%	10.34%
Net Working Capital to Revenue	-6.39%	-1.94%	-3.52%	-3.64%	-3.20%	1.09%	-0.41%	-1.91%	13.27%	16.22%	10.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.92	$1.72	$1.99	$1.83	$1.62	$2.14	$2.21	$1.38	$1.37	$2.14	$2.86
Adjusted Weighted Average Basic Shares Outstanding	125.19M	123.57M	124.81M	124.79M	119.72M	119.14M	119.15M	119.18M	119.03M	118.12M	118.14M
Adjusted Diluted Earnings per Share	$1.92	$1.71	$1.99	$1.83	$1.61	$2.12	$2.20	$1.37	$1.36	$2.09	$2.82
Adjusted Weighted Average Diluted Shares Outstanding	125.34M	124.08M	124.98M	124.90M	120.25M	119.98M	120.08M	119.84M	119.70M	120.13M	119.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	125.20M	125.21M	124.77M	124.82M	124.78M	119.52M	119.13M	119.15M	119.18M	119.07M	118.16M
Normalized Net Operating Profit after Tax (NOPAT)	296	285	299	277	243	303	323	191	191	286	366
Normalized NOPAT Margin	29.16%	29.41%	33.19%	32.64%	30.83%	36.19%	41.83%	29.87%	34.08%	40.49%	43.48%
Pre Tax Income Margin	34.04%	30.94%	39.79%	38.43%	35.54%	39.87%	37.94%	36.74%	42.05%	49.87%	55.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.97	6.01	10.90	10.05	8.08	10.34	9.27	7.85	15.56	22.47	30.26
NOPAT to Interest Expense	5.97	4.76	8.26	7.68	6.14	8.47	9.12	5.57	11.80	17.44	22.86
EBIT Less CapEx to Interest Expense	-2.81	-2.61	-0.84	-3.34	-5.68	-3.53	-2.70	-0.53	-5.70	5.65	15.24
NOPAT Less CapEx to Interest Expense	-4.81	-3.85	-3.48	-5.70	-7.62	-5.39	-2.85	-2.81	-9.46	0.61	7.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.30%	20.83%	18.57%	17.16%	17.80%	17.07%	15.99%	14.75%	10.79%	9.43%	9.06%
Augmented Payout Ratio	22.30%	20.83%	18.57%	17.16%	17.80%	17.07%	15.99%	14.75%	10.79%	9.43%	9.06%

Frequently Asked Questions About Matador Resources' Financials

When does Matador Resources's fiscal year end?

According to the most recent income statement we have on file, Matador Resources' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Matador Resources' net income changed over the last 9 years?

Matador Resources' net income appears to be on an upward trend, with a most recent value of $971.34 million in 2024, falling from -$679.52 million in 2015. The previous period was $910.36 million in 2023. View Matador Resources' forecast to see where analysts expect Matador Resources to go next.

What is Matador Resources's operating income?

Matador Resources's total operating income in 2024 was $1.43 billion, based on the following breakdown:

Total Gross Profit: $3.33 billion
Total Operating Expenses: $1.90 billion

How has Matador Resources revenue changed over the last 9 years?

Over the last 9 years, Matador Resources' total revenue changed from $318.03 million in 2015 to $3.50 billion in 2024, a change of 1,002.1%.

How much debt does Matador Resources have?

Matador Resources' total liabilities were at $5.39 billion at the end of 2024, a 49.8% increase from 2023, and a 597.4% increase since 2015.

How much cash does Matador Resources have?

In the past 9 years, Matador Resources' cash and equivalents has ranged from $23.03 million in 2024 to $505.18 million in 2022, and is currently $23.03 million as of their latest financial filing in 2024.

How has Matador Resources' book value per share changed over the last 9 years?

Over the last 9 years, Matador Resources' book value per share changed from 5.70 in 2015 to 40.79 in 2024, a change of 615.1%.

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This page (NYSE:MTDR) was last updated on 5/29/2025 by MarketBeat.com Staff

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Matador Resources (MTDR) Financials

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Matador Resources (MTDR) Financials

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