Matador Resources (MTDR) Financials

$39.66 -1.43 (-3.48%)

Closing price 05/5/2025 03:59 PM Eastern

Extended Trading

$40.08 +0.42 (+1.05%)

As of 05:20 AM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-680	-97	126	274	88	-593	585	1,214	846	885
Consolidated Net Income / (Loss)	-680	-97	138	300	123	-554	641	1,286	910	971
Net Income / (Loss) Continuing Operations	-680	-97	138	300	123	-554	641	1,286	910	971
Total Pre-Tax Income	-827	-98	130	292	159	-599	715	1,686	1,096	1,264
Total Operating Income	-807	-177	161	363	235	-521	793	1,759	1,209	1,435
Total Gross Profit	263	259	464	782	830	821	1,602	2,963	2,678	3,333
Total Revenue	318	264	544	900	984	862	1,663	3,058	2,807	3,505
Operating Revenue	318	264	544	900	984	862	1,663	3,058	2,807	3,505
Total Cost of Revenue	55	5.39	80	118	154	42	61	96	129	171
Operating Cost of Revenue	55	5.39	80	118	154	42	61	96	129	171
Total Operating Expenses	1,069	436	303	419	594	1,342	808	1,203	1,469	1,899
Selling, General & Admin Expense	50	55	66	69	80	63	96	116	110	127
Marketing Expense	36	43	58	76	92	93	179	282	264	307
Depreciation Expense	179	122	178	265	351	362	345	466	717	974
Other Operating Expenses / (Income)	4.22	57	1.29	8.17	71	140	188	338	377	490
Total Other Income / (Expense), net	-21	79	-31	-71	-77	-78	-78	-74	-113	-171
Interest Expense	22	28	35	73	74	77	75	67	122	172
Other Income / (Expense), net	0.62	107	3.57	1.36	-3.09	-0.97	-3.04	-6.43	8.58	0.70
Income Tax Expense	-147	-1.04	-8.16	-7.69	36	-46	75	399	186	292
Net Income / (Loss) Attributable to Noncontrolling Interest	0.26	0.36	12	26	35	40	56	72	64	86
Basic Earnings per Share	($8.34)	($1.07)	$1.23	$2.41	$0.75	($5.11)	$5.00	$10.28	$7.10	$7.16
Weighted Average Basic Shares Outstanding	81.54M	91.27M	102.03M	113.58M	116.56M	116.07M	117.00M	118.12M	119.14M	123.57M
Diluted Earnings per Share	($8.34)	($1.07)	$1.23	$2.41	$0.75	($5.11)	$4.91	$10.11	$7.05	$7.14
Weighted Average Diluted Shares Outstanding	81.54M	91.27M	102.54M	113.69M	117.06M	116.07M	119.16M	120.13M	119.98M	124.08M
Weighted Average Basic & Diluted Shares Outstanding	100.03M	91M	102.30M	116.39M	116.57M	116.76M	118.04M	119.07M	119.52M	125.21M
Cash Dividends to Common per Share	-	-	-	-	-	-	$0.13	$0.30	$0.65	$0.85

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

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

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

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

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

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

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

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

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

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

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. See Matador Resources' forecast for analyst expectations on what’s next for the company.

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 5/6/2025 by MarketBeat.com Staff

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Matador Resources (MTDR) Financials

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Matador Resources (MTDR) Financials

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