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Matador Resources (MTDR) Financials

Matador Resources logo
$56.62 -0.02 (-0.04%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$56.06 -0.55 (-0.98%)
As of 05/22/2026 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Matador Resources

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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -680 -97 126 274 88 -593 585 1,214 846 885 759
Consolidated Net Income / (Loss)		 -680 -97 138 300 123 -554 641 1,286 910 971 861
Net Income / (Loss) Continuing Operations		 -680 -97 138 300 123 -554 641 1,286 910 971 861
Total Pre-Tax Income 		-827 -98 130 292 159 -599 715 1,686 1,096 1,264 1,033
Total Operating Income		 -807 -177 161 363 235 -521 793 1,759 1,209 1,435 1,227
Total Gross Profit		 263 259 464 782 830 821 1,602 2,963 2,390 3,279 3,006
Total Revenue		 318 264 544 900 984 862 1,663 3,058 2,807 3,505 3,696
Operating Revenue		 318 264 544 900 984 862 1,663 3,058 2,807 3,505 3,696
Total Cost of Revenue		 55 5.39 80 118 154 42 61 96 416 226 691
Operating Cost of Revenue		 55 5.39 80 118 154 42 61 96 416 226 691
Total Operating Expenses		 1,069 436 303 419 594 1,342 808 1,203 1,181 1,844 1,779
Selling, General & Admin Expense		 50 55 66 69 80 63 96 116 110 127 137
Depreciation Expense		 179 122 178 265 351 362 345 466 717 974 1,195
Other Operating Expenses / (Income)		 4.22 57 1.29 8.17 71 140 188 338 354 743 447
Total Other Income / (Expense), net		 -21 79 -31 -71 -77 -78 -78 -74 -113 -171 -193
Interest Expense		 22 28 35 73 74 77 75 67 122 172 209
Other Income / (Expense), net		 0.62 107 3.57 1.36 -3.09 -0.97 -3.04 -6.43 8.58 0.70 15
Income Tax Expense		 -147 -1.04 -8.16 -7.69 36 -46 75 399 186 292 173
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.26 0.36 12 26 35 40 56 72 64 86 102
Basic Earnings per Share		 ($8.34) ($1.07) $1.23 $2.41 $0.75 ($5.11) $5.00 $10.28 $7.10 $7.16 $6.10
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 124.56M
Diluted Earnings per Share		 ($8.34) ($1.07) $1.23 $2.41 $0.75 ($5.11) $4.91 $10.11 $7.05 $7.14 $6.09
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 124.59M
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 124.25M

Quarterly Income Statements for Matador Resources

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 264 255 194 229 248 215 240 150 176 193 -36
Consolidated Net Income / (Loss)		 278 276 213 248 273 238 262 182 201 216 -16
Net Income / (Loss) Continuing Operations		 278 276 213 248 273 238 262 182 201 216 -16
Total Pre-Tax Income 		293 333 280 326 358 300 345 239 260 190 -17
Total Operating Income		 340 366 319 364 392 360 389 289 306 243 47
Total Gross Profit		 741 800 672 810 769 996 942 850 888 306 602
Total Revenue		 772 836 788 847 900 970 1,014 895 939 848 672
Operating Revenue		 772 836 788 847 900 970 1,014 895 939 848 672
Total Cost of Revenue		 31 36 116 37 131 -25 72 46 51 542 70
Operating Cost of Revenue		 31 36 116 37 131 -25 72 46 51 542 70
Total Operating Expenses		 401 434 353 446 377 636 553 561 583 64 555
Selling, General & Admin Expense		 32 29 30 28 29 41 34 32 37 34 39
Depreciation Expense		 193 220 212 226 243 293 282 303 305 306 293
Other Operating Expenses / (Income)		 105 109 41 116 33 214 237 143 157 -17 223
Total Other Income / (Expense), net		 -47 -32 -39 -38 -34 -60 -44 -50 -46 -53 -63
Interest Expense		 35 36 40 36 36 60 49 53 51 55 67
Other Income / (Expense), net		 -12 3.50 0.58 -2.12 2.11 0.13 5.51 3.50 4.41 2.00 3.79
Income Tax Expense		 15 57 67 78 85 62 83 56 59 -26 -0.68
Net Income / (Loss) Attributable to Noncontrolling Interest		 15 21 19 19 24 23 22 32 24 23 20
Basic Earnings per Share		 $2.21 $2.14 $1.62 $1.83 $1.99 $1.72 $1.92 $1.21 $1.42 $1.55 ($0.29)
Weighted Average Basic Shares Outstanding		 119.15M 119.14M 119.72M 124.79M 124.81M 123.57M 125.19M 124.42M 124.40M 124.56M 123.48M
Diluted Earnings per Share		 $2.20 $2.12 $1.61 $1.83 $1.99 $1.71 $1.92 $1.21 $1.42 $1.54 ($0.29)
Weighted Average Diluted Shares Outstanding		 120.08M 119.98M 120.25M 124.90M 124.98M 124.08M 125.34M 124.46M 124.41M 124.59M 123.48M
Weighted Average Basic & Diluted Shares Outstanding		 119.13M 119.52M 124.78M 124.82M 124.77M 125.21M 125.20M 124.49M 124.27M 124.25M 124.18M
Cash Dividends to Common per Share		 $0.15 - $0.20 $0.20 $0.20 - $0.31 $0.31 $0.31 - $0.38

Annual Cash Flow Statements for Matador Resources

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 8.33 153 -112 -18 -19 26 -4.46 460 -441 -12 -15
Net Cash From Operating Activities		 209 134 299 609 552 478 1,053 1,979 1,868 2,247 2,425
Net Cash From Continuing Operating Activities		 209 134 299 609 552 478 1,053 1,979 1,868 2,247 2,425
Net Income / (Loss) Continuing Operations		 -680 -97 138 300 123 -554 641 1,286 910 971 861
Consolidated Net Income / (Loss)		 -680 -97 138 300 123 -554 641 1,286 910 971 861
Depreciation Expense		 179 122 178 265 351 362 345 466 717 974 1,195
Amortization Expense		 0.85 1.15 0.47 1.36 2.48 2.83 3.66 -0.52 7.05 17 15
Non-Cash Adjustments To Reconcile Net Income		 811 65 15 46 30 692 17 50 -25 72 -24
Changes in Operating Assets and Liabilities, net		 -103 43 -32 -3.90 46 -25 47 176 259 213 378
Net Cash From Investing Activities		 -425 -449 -819 -1,515 -904 -776 -729 -1,037 -3,211 -3,672 -2,158
Net Cash From Continuing Investing Activities		 -425 -449 -819 -1,515 -904 -776 -729 -1,037 -3,211 -3,672 -2,158
Purchase of Property, Plant & Equipment		 -497 -454 -820 -1,524 -926 -780 -733 -1,008 -1,550 -1,967 -2,183
Acquisitions		 -24 - - - - 0.00 0.00 -76 -1,676 -1,831 0.00
Sale of Property, Plant & Equipment		 140 5.17 0.98 8.33 22 4.79 4.22 47 15 12 22
Divestitures		 - - - - - - - 0.00 0.00 114 3.26
Net Cash From Financing Activities		 225 468 408 888 333 324 -329 -481 902 1,414 -283
Net Cash From Continuing Financing Activities		 225 468 408 888 333 324 -329 -481 902 1,414 -283
Repayment of Debt		 -87 -123 0.00 -993 -37 -29 -687 -799 -3,237 -5,467 -2,716
Repurchase of Common Equity		 -1.16 -0.85 -0.28 -0.20 - - - - 0.00 0.00 -56
Payment of Dividends		 0.00 0.00 -13 -122 -39 -46 -77 -121 -155 -202 -294
Issuance of Debt		 125 305 0.00 1,682 318 266 395 430 4,255 6,541 2,783
Issuance of Common Equity		 189 289 253 312 77 120 0.00 0.00 25 364 0.00
Other Financing Activities, net		 -1.04 -1.85 169 9.05 14 13 40 9.01 15 178 1.04

Quarterly Cash Flow Statements for Matador Resources

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -3.66 44 -32 -10 13 18 -17 9.27 9.60 -17 13
Net Cash From Operating Activities		 461 618 469 593 610 575 728 501 722 474 471
Net Cash From Continuing Operating Activities		 461 618 469 593 610 575 728 501 722 474 471
Net Income / (Loss) Continuing Operations		 278 276 213 248 273 238 262 182 201 216 -16
Consolidated Net Income / (Loss)		 278 276 213 248 273 238 262 182 201 216 -16
Depreciation Expense		 193 220 212 226 243 293 282 303 305 306 293
Amortization Expense		 2.10 2.05 4.64 4.94 2.70 4.25 3.66 3.67 3.69 3.74 3.54
Non-Cash Adjustments To Reconcile Net Income		 -4.49 -7.65 22 23 4.19 24 38 0.86 20 -83 26
Changes in Operating Assets and Liabilities, net		 -7.83 128 17 92 88 16 142 12 192 33 164
Net Cash From Investing Activities		 -424 -549 -543 -577 -2,161 -391 -512 -495 -563 -588 -458
Net Cash From Continuing Investing Activities		 -424 -549 -543 -577 -2,161 -391 -512 -495 -563 -588 -458
Purchase of Property, Plant & Equipment		 -424 -495 -544 -482 -425 -516 -534 -498 -563 -588 -459
Divestitures		 0.28 -0.73 0.90 - - 113 22 3.28 0.17 -22 0.86
Net Cash From Financing Activities		 -41 -25 43 -27 1,563 -166 -233 3.26 -149 97 0.39
Net Cash From Continuing Financing Activities		 -41 -25 43 -27 1,563 -166 -233 3.26 -149 97 0.39
Repayment of Debt		 -465 -457 -1,007 -877 -1,442 -2,141 -696 -706 -705 -609 -1,275
Repurchase of Common Equity		 - - - - - - 0.00 - -6.46 -5.14 -0.71
Payment of Dividends		 -34 -41 -50 -49 -48 -56 -75 -66 -73 -81 -77
Issuance of Debt		 449 458 759 1,582 3,041 1,159 545 813 637 788 1,325
Other Financing Activities, net		 8.96 14 -12 -694 12 872 -7.75 5.86 -0.74 3.66 28

Annual Balance Sheets for Matador Resources

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 2025
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 12/31/2025
Total Assets		 1,141 1,465 2,146 3,456 4,070 3,687 4,262 5,555 7,727 10,850 11,711
Total Current Assets		 127 279 257 306 278 262 371 1,072 716 927 817
Cash & Equivalents		 17 213 97 65 40 58 48 505 53 23 15
Restricted Cash		 44 1.26 5.98 19 25 33 39 42 54 72 64
Accounts Receivable		 44 59 141 146 189 137 241 454 473 655 530
Inventories, net		 2.02 3.05 5.99 18 11 11 12 15 42 38 44
Prepaid Expenses		 3.20 3.33 6.29 8.06 13 16 29 52 93 123 129
Other Current Assets		 16 0.00 1.19 50 0.00 6.73 1.97 3.93 2.11 16 34
Plant, Property, & Equipment, net		 1,012 1,185 1,881 3,123 3,700 3,368 3,857 4,418 6,956 9,764 10,731
Plant, Property & Equipment, gross		 2,596 3,049 3,923 5,430 6,355 7,069 7,903 8,930 12,185 15,967 18,126
Accumulated Depreciation		 1,584 1,864 2,042 2,307 2,656 3,702 4,046 4,512 5,229 6,203 7,395
Total Noncurrent Assets		 1.45 0.96 7.06 27 92 58 34 64 55 159 163
Other Noncurrent Operating Assets		 1.45 0.96 7.06 6.51 92 58 34 64 55 159 163
Total Liabilities & Shareholders' Equity		 1,141 1,465 2,146 3,456 4,070 3,687 4,262 5,555 7,727 10,850 11,711
Total Liabilities		 652 773 888 1,676 2,100 2,174 2,135 2,237 3,599 5,393 5,714
Total Current Liabilities		 137 170 283 330 400 291 465 576 685 995 1,032
Accounts Payable		 11 4.67 12 67 25 14 26 59 68 619 541
Accrued Expenses		 109 125 236 236 286 185 348 379 528 228 351
Other Current Liabilities		 9.32 39 35 27 89 92 91 138 89 148 140
Total Noncurrent Liabilities		 515 604 606 1,346 1,700 1,883 1,670 1,662 2,914 4,397 4,682
Long-Term Debt		 391 574 574 1,298 1,582 1,815 1,528 1,160 2,207 3,325 3,402
Asset Retirement Reserve & Litigation Obligation		 15 20 25 30 36 38 42 53 87 114 144
Noncurrent Deferred & Payable Income Tax Liabilities		 - - 0.00 13 37 0.00 78 428 581 848 1,016
Other Noncurrent Operating Liabilities		 6.15 10 6.39 5.05 45 30 23 20 38 110 120
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 489 691 1,258 1,780 1,969 1,513 2,127 3,317 4,128 5,457 5,997
Total Preferred & Common Equity		 488 690 1,157 1,689 1,834 1,287 1,907 3,111 3,911 5,089 5,658
Total Common Equity		 488 690 1,157 1,689 1,834 1,287 1,907 3,111 3,911 5,089 5,658
Common Stock		 1,027 1,326 1,667 1,926 1,982 2,028 2,079 2,103 2,134 2,534 2,510
Retained Earnings		 -539 -636 -510 -236 -149 -742 -171 1,008 1,777 2,557 3,153
Treasury Stock		 - 0.00 -0.07 -0.42 -0.03 -0.00 -0.24 -0.03 -0.05 -2.34 -5.33
Noncontrolling Interest		 0.96 1.32 101 91 136 226 220 206 217 368 339

Quarterly Balance Sheets for Matador Resources

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 Q2 2025 Q3 2025 Q1 2026
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 6/30/2025 9/30/2025 3/31/2026
Total Assets		 5,305 5,782 7,132 7,439 8,227 8,518 10,623 11,082 11,280 11,647 12,174
Total Current Assets		 927 1,006 634 711 754 738 847 891 916 917 1,085
Cash & Equivalents		 400 449 22 26 23 15 23 15 11 20 30
Restricted Cash		 41 55 44 36 51 49 54 63 76 76 62
Accounts Receivable		 418 413 461 527 528 528 606 643 659 640 715
Inventories, net		 14 20 31 35 40 38 34 35 43 44 46
Prepaid Expenses		 51 70 77 87 108 103 104 112 111 116 141
Other Current Assets		 1.50 0.00 0.00 0.00 3.03 5.59 26 23 16 21 91
Plant, Property, & Equipment, net		 4,318 4,706 6,439 6,676 7,379 7,678 9,546 10,012 10,202 10,560 10,935
Plant, Property & Equipment, gross		 8,699 9,345 11,255 11,685 12,820 13,345 15,456 16,494 16,986 17,650 18,623
Accumulated Depreciation		 4,381 4,639 4,816 5,009 5,441 5,667 5,910 6,482 6,784 7,090 7,688
Total Noncurrent Assets		 60 69 59 52 94 102 230 179 162 170 155
Other Noncurrent Operating Assets		 60 69 59 52 94 102 115 179 162 170 155
Total Liabilities & Shareholders' Equity		 5,305 5,782 7,132 7,439 8,227 8,518 10,623 11,082 11,280 11,647 12,174
Total Liabilities		 2,240 2,326 3,515 3,564 3,591 3,663 5,527 5,438 5,553 5,791 6,261
Total Current Liabilities		 625 601 687 722 851 857 966 1,130 1,072 1,257 1,479
Accounts Payable		 61 45 75 81 122 96 114 129 144 126 702
Accrued Expenses		 441 447 488 518 598 584 699 759 715 891 337
Other Current Liabilities		 120 109 124 123 131 176 153 242 213 240 440
Total Noncurrent Liabilities		 1,614 1,725 2,828 2,842 2,740 2,806 4,561 4,308 4,482 4,534 4,782
Long-Term Debt		 1,193 1,171 2,203 2,189 1,972 1,982 3,596 3,176 3,286 3,220 3,469
Asset Retirement Reserve & Litigation Obligation		 52 54 63 87 90 94 119 112 117 139 150
Noncurrent Deferred & Payable Income Tax Liabilities		 349 483 545 553 626 674 784 907 942 1,041 1,017
Other Noncurrent Operating Liabilities		 21 17 17 13 52 57 61 112 137 134 147
Commitments & Contingencies		 0.00 0.00 0.00 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 5,727 5,856 5,913
Total Preferred & Common Equity		 2,859 3,253 3,403 3,663 4,418 4,632 4,871 5,287 5,366 5,506 5,585
Total Common Equity		 2,859 3,253 3,403 3,663 4,418 4,632 4,871 5,287 5,366 5,506 5,585
Common Stock		 2,096 2,101 2,108 2,122 2,474 2,484 2,500 2,535 2,548 2,556 2,523
Retained Earnings		 766 1,153 1,300 1,546 1,946 2,150 2,374 2,758 2,869 3,007 3,070
Treasury Stock		 -2.59 -1.27 -5.08 -5.08 -2.09 -2.99 -3.03 -5.67 -51 -57 -8.53
Noncontrolling Interest		 207 203 215 213 218 224 226 357 360 350 328

Annual Metrics And Ratios for Matador Resources

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -26.42% -16.86% 105.84% 65.28% 9.35% -12.36% 92.89% 83.89% -8.22% 24.88% 5.46%
EBITDA Growth		 -298.71% 108.51% 542.35% 84.33% -7.24% -126.96% 821.53% 94.86% -12.49% 24.96% 1.07%
EBIT Growth		 -546.65% 91.33% 335.23% 121.77% -36.27% -324.83% 251.21% 121.87% -30.52% 17.86% -13.48%
NOPAT Growth		 -595.13% 78.04% 237.84% 118.10% -51.00% -299.81% 294.56% 89.02% -25.20% 9.82% -7.36%
Net Income Growth		 -713.54% 85.72% 242.19% 117.21% -58.97% -550.11% 215.73% 100.79% -29.23% 6.70% -11.38%
EPS Growth		 -634.62% 87.17% 214.95% 95.94% -68.88% -781.33% 196.09% 105.91% -30.27% 1.28% -14.71%
Operating Cash Flow Growth		 -17.08% -35.70% 123.08% 103.43% -9.28% -13.49% 120.56% 87.85% -5.61% 20.29% 7.93%
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% 128.76%
Invested Capital Growth		 -22.92% 14.06% 64.49% 73.12% 16.48% -7.17% 10.24% 10.14% 58.47% 39.50% 7.26%
Revenue Q/Q Growth		 -21.40% 6.62% 14.42% 17.86% -0.12% -6.95% 25.90% 4.84% 4.80% 3.98% -3.20%
EBITDA Q/Q Growth		 -96.24% 119.13% -12.31% 25.06% -9.22% -522.40% 50.44% 4.09% 4.88% 2.82% -4.06%
EBIT Q/Q Growth		 -58.99% 82.76% -30.09% 42.23% -27.50% -30.21% 93.36% 2.70% 0.00% -0.62% -8.51%
NOPAT Q/Q Growth		 -58.80% 56.53% 33.51% 45.51% -38.30% -31.07% 73.11% 3.03% 1.71% -1.62% -1.53%
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% -2.54%
EPS Q/Q Growth		 -74.48% 79.38% -40.87% 51.57% -56.40% -23.73% 109.83% 2.95% 0.43% -5.43% -2.72%
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% -3.98%
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% -30.15%
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% 3.79%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 82.80% 97.96% 85.24% 86.93% 84.33% 95.19% 96.30% 96.88% 95.41% 95.11% 81.31%
EBITDA Margin		 -196.94% 20.16% 62.91% 70.16% 59.51% -18.30% 68.47% 72.55% 69.18% 69.22% 66.34%
Operating Margin		 -253.64% -67.00% 29.55% 40.38% 23.94% -60.49% 47.69% 57.53% 43.09% 40.93% 33.18%
EBIT Margin		 -253.45% -26.43% 30.21% 40.53% 23.62% -60.60% 47.51% 57.32% 43.39% 40.95% 33.60%
Profit (Net Income) Margin		 -213.66% -36.71% 25.36% 33.32% 12.50% -64.21% 38.52% 42.06% 32.43% 27.71% 23.29%
Tax Burden Percent		 82.18% 98.94% 106.28% 102.63% 77.58% 92.39% 89.56% 76.31% 83.03% 76.86% 83.29%
Interest Burden Percent		 102.59% 140.35% 78.98% 80.10% 68.21% 114.68% 90.55% 96.17% 90.02% 88.04% 83.21%
Effective Tax Rate		 0.00% 0.00% -6.28% -2.63% 22.42% 0.00% 10.44% 23.69% 16.97% 23.14% 16.71%
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% 11.35%
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% 6.44%
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% 3.68%
Return on Equity (ROE)		 -100.26% -16.44% 14.16% 19.74% 6.56% -31.79% 35.20% 47.25% 24.46% 20.27% 15.03%
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% 4.34%
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% 11.01%
Return on Assets (ROA)		 -52.77% -7.45% 7.65% 10.70% 3.27% -14.27% 16.12% 26.21% 13.71% 10.46% 7.63%
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% 14.10%
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% 0.00%
Net Operating Profit after Tax (NOPAT)		 -565 -124 171 373 183 -365 710 1,342 1,004 1,103 1,022
NOPAT Margin		 -177.55% -46.90% 31.41% 41.44% 18.57% -42.34% 42.71% 43.90% 35.78% 31.46% 27.64%
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% 4.91%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 29.98% 15.85% 12.56% 10.87%
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% 18.69%
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% 3.71%
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		 336.15% 164.96% 55.69% 46.55% 60.39% 155.68% 48.61% 39.35% 52.32% 54.17% 48.13%
Earnings before Interest and Taxes (EBIT)		 -806 -70 164 365 232 -522 790 1,753 1,218 1,435 1,242
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -626 53 342 631 585 -158 1,139 2,219 1,942 2,426 2,452
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 0.93
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 0.93
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 1.43
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 6.95
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.35% 0.54% 1.16% 1.51% 3.09%
Earnings Yield		 0.00% 0.00% 3.85% 15.66% 4.32% 0.00% 13.88% 18.44% 12.67% 12.61% 14.40%
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 0.96
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 2.42
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 3.64
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 7.19
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 8.75
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 3.68
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 22.89
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 0.57
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 0.57
Financial Leverage		 0.56 0.67 0.43 0.55 0.73 0.93 0.87 0.38 0.36 0.56 0.57
Leverage Ratio		 1.90 2.21 1.85 1.84 2.01 2.23 2.18 1.80 1.78 1.94 1.97
Compound Leverage Factor		 1.95 3.10 1.46 1.48 1.37 2.55 1.98 1.73 1.61 1.71 1.64
Debt to Total Capital		 50.24% 45.36% 31.34% 42.17% 44.55% 54.54% 41.79% 25.91% 34.84% 37.86% 36.20%
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		 50.24% 45.36% 31.34% 42.17% 44.55% 54.54% 41.79% 25.91% 34.84% 37.86% 36.20%
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		 0.10% 0.10% 5.51% 2.95% 3.82% 6.81% 6.02% 4.61% 3.42% 4.19% 3.60%
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% 60.20%
Debt to EBITDA		 -0.79 10.77 1.68 2.06 2.70 -11.50 1.34 0.52 1.14 1.37 1.39
Net Debt to EBITDA		 -0.69 6.75 1.38 1.92 2.59 -10.92 1.27 0.28 1.08 1.33 1.36
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 1.39
Debt to NOPAT		 -0.87 -4.63 3.36 3.48 8.66 -4.97 2.15 0.86 2.20 3.02 3.33
Net Debt to NOPAT		 -0.77 -2.90 2.76 3.26 8.31 -4.72 2.03 0.46 2.09 2.93 3.25
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 3.33
Altman Z-Score		 -1.22 1.32 2.37 1.13 0.92 -0.15 2.10 3.72 2.32 1.86 1.57
Noncontrolling Interest Sharing Ratio		 0.08% 0.19% 5.25% 6.31% 6.04% 10.40% 12.27% 7.83% 5.68% 6.10% 6.17%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.93 1.65 0.91 0.93 0.70 0.90 0.80 1.86 1.04 0.93 0.79
Quick Ratio		 0.45 1.60 0.84 0.64 0.57 0.67 0.62 1.67 0.77 0.68 0.53
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -291 -254 -507 -892 -311 -115 379 981 -1,294 -1,357 390
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% 112.22%
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 1.87
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 11.63
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 1.27
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.25 0.20 0.30 0.32 0.26 0.22 0.42 0.62 0.42 0.38 0.33
Accounts Receivable Turnover		 7.11 5.13 5.45 6.26 5.86 5.28 8.79 8.80 6.06 6.22 6.24
Inventory Turnover		 33.83 2.13 17.78 9.98 10.89 3.89 5.40 6.98 4.52 4.27 16.78
Fixed Asset Turnover		 0.27 0.24 0.36 0.36 0.29 0.24 0.46 0.74 0.49 0.42 0.36
Accounts Payable Turnover		 3.84 0.69 9.78 2.99 3.34 2.12 3.05 2.24 2.03 1.59 1.19
Days Sales Outstanding (DSO)		 51.30 71.14 67.02 58.30 62.26 69.13 41.54 41.49 60.26 58.72 58.49
Days Inventory Outstanding (DIO)		 10.79 171.60 20.53 36.57 33.52 93.79 67.62 52.30 80.68 85.43 21.75
Days Payable Outstanding (DPO)		 95.05 529.65 37.32 122.20 109.19 172.44 119.49 162.60 179.84 229.15 306.43
Cash Conversion Cycle (CCC)		 -32.96 -286.92 50.23 -27.34 -13.41 -9.52 -10.32 -68.81 -38.90 -85.00 -226.19
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 922 1,051 1,729 2,994 3,487 3,237 3,568 3,930 6,228 8,688 9,319
Invested Capital Turnover		 0.30 0.27 0.39 0.38 0.30 0.26 0.49 0.82 0.55 0.47 0.41
Increase / (Decrease) in Invested Capital		 -274 130 678 1,264 493 -250 331 362 2,298 2,460 631
Enterprise Value (EV)		 2,073 2,694 3,844 3,055 3,684 3,316 5,875 7,405 8,995 10,619 8,935
Market Capitalization		 1,639 2,333 3,272 1,751 2,031 1,366 4,215 6,586 6,678 7,020 5,274
Book Value per Share		 $5.70 $7.38 $10.66 $14.52 $15.72 $11.01 $16.25 $26.33 $32.83 $40.79 $45.53
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 $45.53
Total Capital		 983 1,265 1,832 3,077 3,552 3,328 3,655 4,477 6,334 8,783 9,399
Total Debt		 494 574 574 1,298 1,582 1,815 1,528 1,160 2,207 3,325 3,402
Total Long-Term Debt		 494 574 574 1,298 1,582 1,815 1,528 1,160 2,207 3,325 3,402
Net Debt		 433 360 472 1,214 1,517 1,724 1,441 613 2,100 3,231 3,323
Capital Expenditures (CapEx)		 357 449 819 1,515 904 776 729 962 1,535 1,954 2,161
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -71 -104 -128 -108 -186 -121 -180 -51 -76 -163 -294
Debt-free Net Working Capital (DFNWC)		 -9.82 110 -25 -24 -121 -29 -94 496 31 -68 -215
Net Working Capital (NWC)		 -9.82 110 -25 -24 -121 -29 -94 496 31 -68 -215
Net Nonoperating Expense (NNE)		 115 -27 33 73 60 189 70 56 94 131 161
Net Nonoperating Obligations (NNO)		 433 360 472 1,214 1,517 1,724 1,441 613 2,100 3,231 3,323
Total Depreciation and Amortization (D&A)		 180 123 178 266 353 365 349 466 724 991 1,210
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% -7.97%
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% -5.82%
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% -5.82%
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 $6.10
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 124.56M
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 $6.09
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 124.59M
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		 0.00 0.00 109.25M 116.39M 116.57M 116.76M 118.04M 119.07M 119.52M 125.21M 124.25M
Normalized Net Operating Profit after Tax (NOPAT)		 -4.48 -13 113 254 183 114 710 1,342 1,004 1,103 1,022
Normalized NOPAT Margin		 -1.41% -4.91% 20.69% 28.27% 18.57% 13.25% 42.71% 43.90% 35.78% 31.46% 27.64%
Pre Tax Income Margin		 -260.00% -37.10% 23.86% 32.47% 16.11% -69.50% 43.02% 55.12% 39.06% 36.05% 27.96%
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 5.96
NOPAT to Interest Expense		 -25.96 -4.40 4.95 5.14 2.47 -4.76 9.51 19.99 8.26 6.42 4.90
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 -4.41
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 -5.46
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% 34.20%
Augmented Payout Ratio		 -0.17% -0.87% 9.40% 40.61% 31.87% -8.23% 11.95% 9.43% 17.07% 20.83% 40.69%

Quarterly Metrics And Ratios for Matador Resources

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 124,249,941.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 124,249,941.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.29
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -8.16% 18.19% 40.59% 32.76% 16.51% 16.05% 28.73% 5.69% 4.36% -12.61% -33.76%
EBITDA Growth		 -12.92% 18.03% 41.58% 32.17% 22.24% 11.24% 26.79% 1.02% -3.17% -15.77% -49.01%
EBIT Growth		 -32.14% 0.00% 26.91% 34.57% 20.03% -2.41% 23.51% -19.18% -21.25% -32.05% -87.18%
NOPAT Growth		 -11.63% 5.64% 27.19% 45.08% -7.57% -5.69% 21.73% -20.28% -20.86% -3.35% -88.91%
Net Income Growth		 -21.36% 1.48% 19.15% 39.77% -2.06% -13.77% 23.01% -26.33% -26.42% -9.42% -106.03%
EPS Growth		 -21.99% 1.44% 18.38% 33.58% -9.55% -19.34% 19.25% -33.88% -28.64% -9.94% -115.10%
Operating Cash Flow Growth		 -17.23% 38.48% 38.02% 32.05% 32.42% -7.02% 55.34% -15.50% 18.22% -17.48% -35.35%
Free Cash Flow Firm Growth		 -1,317.70% -2,542.49% -900.36% 58.37% -18.15% -8.99% 11.70% -160.21% 88.99% 83.66% 73.16%
Invested Capital Growth		 57.25% 58.47% 58.47% 17.71% 41.63% 39.50% 33.82% 31.78% 5.63% 7.26% 6.25%
Revenue Q/Q Growth		 21.03% 8.27% -5.79% 7.55% 6.21% 7.84% 4.49% -11.70% 4.88% -9.69% -20.80%
EBITDA Q/Q Growth		 16.75% 12.98% -9.26% 10.42% 7.99% 2.81% 3.43% -12.02% 3.51% -10.57% -37.39%
EBIT Q/Q Growth		 22.25% 12.40% -13.43% 13.13% 9.04% -8.62% 9.57% -25.97% 6.24% -21.15% -79.32%
NOPAT Q/Q Growth		 69.51% -6.34% -19.74% 13.85% 8.00% -4.43% 3.60% -25.45% 7.22% 16.71% -88.12%
Net Income Q/Q Growth		 57.20% -0.88% -22.74% 16.11% 10.16% -12.74% 10.21% -30.46% 10.02% 7.43% -107.34%
EPS Q/Q Growth		 60.58% -3.64% -24.06% 13.66% 8.74% -14.07% 12.28% -36.98% 17.36% 8.45% -118.83%
Operating Cash Flow Q/Q Growth		 2.66% 34.14% -24.22% 26.54% 2.95% -5.81% 26.60% -31.17% 44.04% -34.26% -0.82%
Free Cash Flow Firm Q/Q Growth		 -4.39% -7.17% -8.63% 65.75% -196.30% 1.15% 11.99% -0.94% 87.46% -46.72% -44.56%
Invested Capital Q/Q Growth		 4.30% 3.77% 4.90% 3.67% 25.50% 2.21% 0.63% 2.09% 0.60% 3.79% -0.32%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 96.01% 95.65% 85.28% 95.60% 95.14% 102.62% 94.78% 94.90% 94.62% 36.12% 89.57%
EBITDA Margin		 67.76% 70.71% 68.11% 69.93% 71.09% 67.78% 67.08% 66.84% 65.97% 65.33% 51.64%
Operating Margin		 44.03% 43.73% 40.49% 42.92% 43.57% 37.11% 38.38% 32.24% 32.59% 28.63% 6.97%
EBIT Margin		 42.52% 44.14% 40.57% 42.67% 43.81% 37.12% 38.92% 32.63% 33.06% 28.86% 7.54%
Profit (Net Income) Margin		 36.05% 33.00% 27.07% 29.22% 30.30% 24.52% 25.86% 20.37% 21.37% 25.42% -2.36%
Tax Burden Percent		 95.02% 82.77% 76.15% 76.04% 76.17% 79.26% 75.98% 76.36% 77.24% 113.62% 95.86%
Interest Burden Percent		 89.22% 90.33% 87.62% 90.05% 90.82% 83.35% 87.46% 81.74% 83.68% 77.51% -32.61%
Effective Tax Rate		 4.98% 17.23% 23.85% 23.96% 23.83% 20.74% 24.02% 23.64% 22.76% -13.62% 0.00%
Return on Invested Capital (ROIC)		 22.82% 20.00% 17.56% 16.90% 15.43% 13.82% 14.24% 11.85% 11.00% 13.35% 1.82%
ROIC Less NNEP Spread (ROIC-NNEP)		 19.72% 18.03% 15.24% 15.47% 14.49% 12.04% 12.91% 10.37% 9.90% 11.51% 0.31%
Return on Net Nonoperating Assets (RNNOA)		 8.17% 6.57% 4.83% 7.40% 8.93% 6.70% 6.27% 5.01% 5.90% 6.59% 0.18%
Return on Equity (ROE)		 31.00% 26.57% 22.39% 24.30% 24.36% 20.52% 20.52% 16.87% 16.90% 19.94% 1.99%
Cash Return on Invested Capital (CROIC)		 -24.40% -25.48% -25.40% 1.99% -19.00% -18.20% -13.80% -13.41% 6.40% 4.34% 2.45%
Operating Return on Assets (OROA)		 17.87% 18.66% 17.57% 17.69% 16.35% 14.01% 15.04% 12.46% 11.34% 9.46% 2.17%
Return on Assets (ROA)		 15.15% 13.95% 11.72% 12.11% 11.31% 9.25% 10.00% 7.78% 7.33% 8.33% -0.68%
Return on Common Equity (ROCE)		 29.12% 25.06% 21.22% 23.05% 23.17% 19.27% 19.37% 15.93% 16.01% 18.71% 1.87%
Return on Equity Simple (ROE_SIMPLE)		 24.74% 0.00% 21.38% 21.92% 20.72% 0.00% 19.30% 17.80% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 323 303 243 277 299 285 296 220 236 276 33
NOPAT Margin		 41.83% 36.19% 30.83% 32.64% 33.19% 29.41% 29.16% 24.62% 25.17% 32.52% 4.88%
Net Nonoperating Expense Percent (NNEP)		 3.11% 1.97% 2.32% 1.43% 0.94% 1.78% 1.34% 1.49% 1.09% 1.84% 1.50%
Return On Investment Capital (ROIC_SIMPLE)		 - 4.78% - - - 3.25% 3.35% 2.45% 2.60% 2.93% 0.35%
Cost of Revenue to Revenue		 3.99% 4.35% 14.72% 4.40% 4.86% -2.62% 5.22% 5.10% 5.38% 63.88% 10.43%
SG&A Expenses to Revenue		 4.11% 3.53% 3.76% 3.30% 3.20% 4.24% 3.33% 3.60% 3.92% 4.05% 5.81%
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		 51.98% 51.92% 44.79% 52.68% 51.57% 65.51% 56.40% 62.66% 62.03% 7.50% 82.60%
Earnings before Interest and Taxes (EBIT)		 328 369 320 361 394 360 395 292 310 245 51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 523 591 536 592 640 658 680 598 619 554 347
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.91 1.71 1.79 1.60 1.27 1.38 1.21 1.11 1.02 0.93 1.40
Price to Tangible Book Value (P/TBV)		 1.91 1.71 1.79 1.60 1.27 1.38 1.21 1.11 1.02 0.93 1.40
Price to Revenue (P/Rev)		 2.61 2.38 2.60 2.28 1.83 2.00 1.71 1.58 1.46 1.43 2.32
Price to Earnings (P/E)		 8.27 7.89 9.01 7.88 6.67 7.93 6.87 7.00 7.16 6.95 16.13
Dividend Yield		 0.94% 1.16% 1.06% 1.26% 1.62% 1.51% 1.88% 2.25% 2.64% 3.09% 2.19%
Earnings Yield		 12.09% 12.67% 11.10% 12.70% 15.00% 12.61% 14.56% 14.28% 13.97% 14.40% 6.20%
Enterprise Value to Invested Capital (EV/IC)		 1.55 1.44 1.53 1.41 1.15 1.22 1.13 1.07 1.01 0.96 1.24
Enterprise Value to Revenue (EV/Rev)		 3.48 3.20 3.30 2.95 2.91 3.03 2.64 2.52 2.37 2.42 3.43
Enterprise Value to EBITDA (EV/EBITDA)		 5.04 4.63 4.77 4.26 4.15 4.38 3.83 3.70 3.55 3.64 5.43
Enterprise Value to EBIT (EV/EBIT)		 7.66 7.39 7.79 6.93 6.78 7.40 6.52 6.62 6.68 7.19 12.81
Enterprise Value to NOPAT (EV/NOPAT)		 9.45 8.96 9.47 8.35 8.74 9.63 8.53 8.67 8.74 8.75 15.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.50 4.82 5.02 4.46 4.28 4.73 3.93 3.95 3.59 3.68 5.31
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 76.49 0.00 0.00 0.00 0.00 16.22 22.89 52.17
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.56 0.53 0.43 0.41 0.71 0.61 0.56 0.57 0.55 0.57 0.59
Long-Term Debt to Equity		 0.56 0.53 0.43 0.41 0.71 0.61 0.56 0.57 0.55 0.57 0.59
Financial Leverage		 0.41 0.36 0.32 0.48 0.62 0.56 0.49 0.48 0.60 0.57 0.56
Leverage Ratio		 1.84 1.78 1.73 1.85 2.01 1.94 1.88 1.87 2.03 1.97 2.01
Compound Leverage Factor		 1.64 1.61 1.52 1.66 1.83 1.62 1.64 1.53 1.70 1.53 -0.66
Debt to Total Capital		 36.09% 34.84% 29.84% 28.98% 41.37% 37.86% 36.01% 36.46% 35.48% 36.20% 36.97%
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		 36.09% 34.84% 29.84% 28.98% 41.37% 37.86% 36.01% 36.46% 35.48% 36.20% 36.97%
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		 3.51% 3.42% 3.30% 3.28% 2.60% 4.19% 4.04% 4.00% 3.85% 3.60% 3.50%
Common Equity to Total Capital		 60.40% 61.74% 66.86% 67.74% 56.03% 57.94% 59.94% 59.54% 60.67% 60.20% 59.53%
Debt to EBITDA		 1.18 1.14 0.94 0.88 1.52 1.37 1.24 1.28 1.26 1.39 1.64
Net Debt to EBITDA		 1.15 1.08 0.90 0.85 1.44 1.33 1.21 1.24 1.22 1.36 1.59
Long-Term Debt to EBITDA		 1.18 1.14 0.94 0.88 1.52 1.37 1.24 1.28 1.26 1.39 1.64
Debt to NOPAT		 2.22 2.20 1.86 1.73 3.21 3.02 2.75 2.99 3.10 3.33 4.52
Net Debt to NOPAT		 2.15 2.09 1.79 1.68 3.04 2.93 2.68 2.91 3.01 3.25 4.40
Long-Term Debt to NOPAT		 2.22 2.20 1.86 1.73 3.21 3.02 2.75 2.99 3.10 3.33 4.52
Altman Z-Score		 1.97 1.96 2.13 2.07 1.41 1.54 1.48 1.41 1.32 1.29 1.35
Noncontrolling Interest Sharing Ratio		 6.04% 5.68% 5.20% 5.18% 4.88% 6.10% 5.59% 5.52% 5.25% 6.17% 5.93%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.98 1.04 0.89 0.86 0.88 0.93 0.79 0.85 0.73 0.79 0.73
Quick Ratio		 0.77 0.77 0.65 0.63 0.65 0.68 0.58 0.62 0.53 0.53 0.50
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,862 -1,995 -2,168 -742 -2,200 -2,175 -1,914 -1,932 -242 -355 -514
Operating Cash Flow to CapEx		 108.75% 124.87% 86.10% 123.12% 143.77% 111.33% 136.33% 100.55% 128.15% 80.68% 102.56%
Free Cash Flow to Firm to Interest Expense		 -52.59 -55.88 -54.79 -20.63 -60.83 -36.26 -38.68 -36.22 -4.78 -6.46 -7.65
Operating Cash Flow to Interest Expense		 13.02 17.32 11.84 16.48 16.88 9.59 14.71 9.39 14.25 8.62 7.01
Operating Cash Flow Less CapEx to Interest Expense		 1.05 3.45 -1.91 3.09 5.14 0.98 3.92 0.05 3.13 -2.06 0.18
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.42 0.42 0.43 0.41 0.37 0.38 0.39 0.38 0.34 0.33 0.29
Accounts Receivable Turnover		 5.67 6.06 6.45 6.56 5.95 6.22 6.37 6.37 6.13 6.24 4.94
Inventory Turnover		 1.59 4.52 15.26 13.47 13.71 4.27 2.89 2.88 0.95 16.78 17.09
Fixed Asset Turnover		 0.49 0.49 0.50 0.46 0.42 0.42 0.43 0.42 0.38 0.36 0.32
Accounts Payable Turnover		 0.55 2.03 5.47 5.41 4.88 1.59 0.86 0.97 0.31 1.19 1.66
Days Sales Outstanding (DSO)		 64.39 60.26 56.62 55.64 61.35 58.72 57.32 57.31 59.55 58.49 73.94
Days Inventory Outstanding (DIO)		 230.06 80.68 23.92 27.10 26.63 85.43 126.10 126.73 384.17 21.75 21.35
Days Payable Outstanding (DPO)		 657.76 179.84 66.67 67.45 74.87 229.15 422.01 374.73 1,186.28 306.43 220.24
Cash Conversion Cycle (CCC)		 -363.31 -38.90 13.88 15.28 13.11 -85.00 -238.60 -190.69 -742.56 -226.19 -124.95
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,002 6,228 6,533 6,773 8,500 8,688 8,743 8,926 8,979 9,319 9,290
Invested Capital Turnover		 0.55 0.55 0.57 0.52 0.46 0.47 0.49 0.48 0.44 0.41 0.37
Increase / (Decrease) in Invested Capital		 2,185 2,298 2,410 1,019 2,499 2,460 2,210 2,152 479 631 546
Enterprise Value (EV)		 9,330 8,995 10,016 9,552 9,798 10,619 9,852 9,534 9,067 8,935 11,502
Market Capitalization		 6,991 6,678 7,901 7,410 6,168 7,020 6,397 5,975 5,594 5,274 7,797
Book Value per Share		 $30.74 $32.83 $36.90 $37.12 $39.02 $40.79 $42.23 $42.86 $44.23 $45.53 $44.95
Tangible Book Value per Share		 $30.74 $32.83 $36.90 $37.12 $39.02 $40.79 $42.23 $42.86 $44.23 $45.53 $44.95
Total Capital		 6,064 6,334 6,608 6,837 8,692 8,783 8,821 9,013 9,075 9,399 9,382
Total Debt		 2,189 2,207 1,972 1,982 3,596 3,325 3,176 3,286 3,220 3,402 3,469
Total Long-Term Debt		 2,189 2,207 1,972 1,982 3,596 3,325 3,176 3,286 3,220 3,402 3,469
Net Debt		 2,126 2,100 1,897 1,918 3,404 3,231 3,099 3,199 3,123 3,323 3,376
Capital Expenditures (CapEx)		 424 495 544 482 425 516 534 498 563 588 459
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -73 -76 -172 -182 -196 -163 -316 -243 -437 -294 -487
Debt-free Net Working Capital (DFNWC)		 -11 31 -97 -118 -119 -68 -238 -156 -340 -215 -394
Net Working Capital (NWC)		 -11 31 -97 -118 -119 -68 -238 -156 -340 -215 -394
Net Nonoperating Expense (NNE)		 45 27 30 29 26 47 33 38 36 60 49
Net Nonoperating Obligations (NNO)		 2,126 2,100 1,897 1,918 3,404 3,231 3,099 3,199 3,123 3,323 3,376
Total Depreciation and Amortization (D&A)		 195 222 217 231 246 297 286 306 309 309 296
Debt-free, Cash-free Net Working Capital to Revenue		 -2.73% -2.70% -5.65% -5.61% -5.81% -4.64% -8.47% -6.42% -11.44% -7.97% -14.51%
Debt-free Net Working Capital to Revenue		 -0.41% 1.09% -3.20% -3.64% -3.52% -1.94% -6.39% -4.13% -8.91% -5.82% -11.75%
Net Working Capital to Revenue		 -0.41% 1.09% -3.20% -3.64% -3.52% -1.94% -6.39% -4.13% -8.91% -5.82% -11.75%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.21 $2.14 $1.62 $1.83 $1.99 $1.72 $1.92 $1.21 $1.42 $1.55 ($0.29)
Adjusted Weighted Average Basic Shares Outstanding		 119.15M 119.14M 119.72M 124.79M 124.81M 123.57M 125.19M 124.42M 124.40M 124.56M 123.48M
Adjusted Diluted Earnings per Share		 $2.20 $2.12 $1.61 $1.83 $1.99 $1.71 $1.92 $1.21 $1.42 $1.54 ($0.29)
Adjusted Weighted Average Diluted Shares Outstanding		 120.08M 119.98M 120.25M 124.90M 124.98M 124.08M 125.34M 124.46M 124.41M 124.59M 123.48M
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		 119.13M 119.52M 124.78M 124.82M 124.77M 125.21M 125.20M 124.49M 124.27M 124.25M 124.18M
Normalized Net Operating Profit after Tax (NOPAT)		 323 303 243 277 299 285 296 220 236 170 33
Normalized NOPAT Margin		 41.83% 36.19% 30.83% 32.64% 33.19% 29.41% 29.16% 24.62% 25.17% 20.04% 4.88%
Pre Tax Income Margin		 37.94% 39.87% 35.54% 38.43% 39.79% 30.94% 34.04% 26.67% 27.66% 22.37% -2.46%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 9.27 10.34 8.08 10.05 10.90 6.01 7.97 5.48 6.13 4.45 0.75
NOPAT to Interest Expense		 9.12 8.47 6.14 7.68 8.26 4.76 5.97 4.13 4.67 5.01 0.49
EBIT Less CapEx to Interest Expense		 -2.70 -3.53 -5.68 -3.34 -0.84 -2.61 -2.81 -3.86 -4.99 -6.24 -6.08
NOPAT Less CapEx to Interest Expense		 -2.85 -5.39 -7.62 -5.70 -3.48 -3.85 -4.81 -5.21 -6.45 -5.67 -6.35
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 15.99% 17.07% 17.80% 17.16% 18.57% 20.83% 22.30% 25.52% 30.53% 34.20% 50.93%
Augmented Payout Ratio		 15.99% 17.07% 17.80% 17.16% 18.57% 20.83% 22.30% 25.52% 30.53% 40.69% 60.64%

Financials Breakdown Chart

Key Financial Trends

Below is a concise four-year trend view of Matador Resources (MTDR) based on the quarterly statements provided (through Q4 2025). The focus is on key cash flow, income, and balance sheet signals that may matter to retail investors.

  • Improving per‑share profitability in late 2025: Diluted earnings per share rose through 2025, culminating at about $1.54 in Q4 2025, up from roughly $1.21 in early 2025 (Q1–Q2) and $1.42 in Q3 2025.
  • Robust operating cash flow in multiple quarters: Net cash from continuing operating activities was strong in several 2025 quarters (e.g., ~$725M in Q1 2025 and ~$722M in Q3 2025), signaling solid cash generation even with ongoing capital spending.
  • Consistent shareholder returns via dividends: MTDR maintained quarterly cash dividends per share at $0.3125 in 2025, reflecting ongoing cash returns to shareholders.
  • Ongoing capex supports asset base growth: Quarterly capital expenditures (Purchase of PPE) remained elevated (roughly half a billion per quarter) across 2023–2025, aligning with an asset base expansion program tied to production growth.
  • Long‑term debt is sizable but broadly stable: Long‑term debt hovered around $3.2B–$3.3B in 2024–2025 with occasional debt issuances, helping fund capex while keeping overall leverage in a manageable, albeit still sizable, range.
  • Near‑term liquidity shows pockets of stress: In Q3 2025, total current assets (~$0.92B) versus current liabilities (~$1.26B) imply a tighter short‑term liquidity position on that date, though overall quarterly cash flow remained strong.
  • Reported margins appear unusually high in some quarters: Gross profit figures relative to revenue in certain quarters look unusually large, suggesting differences in presentation or non‑GAAP adjustments; treat these margin indications with caution.
  • Net cash from investing is typically negative: Investing activities (capex and acquisitions) were a primary use of cash in most quarters, leading to negative net cash from investing—consistent with a growth capex strategy.
  • Near‑term cash burn from capex can outpace operating cash in some quarters: In Q4 2025, capex exceeded cash from operations by about $114M, contributing to a negative free cash flow for that quarter and highlighting the quarterly cash‑flow sensitivity to capex timing.
  • Cash balance and liquidity risk in some periods: With recurring large capex and a relatively modest cash balance in some quarters, MTDR can face liquidity pressure during periods of weaker cash flow or higher spending, absent new financing activity.
05/25/26 10:44 PM ETAI Generated. May Contain Errors.

Matador Resources Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Matador Resources' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Matador Resources' net income appears to be on an upward trend, with a most recent value of $860.77 million in 2025, falling from -$679.52 million in 2015. The previous period was $971.34 million in 2024. Check out Matador Resources' forecast to explore projected trends and price targets.

Matador Resources' total operating income in 2025 was $1.23 billion, based on the following breakdown:
  • Total Gross Profit: $3.01 billion
  • Total Operating Expenses: $1.78 billion

Over the last 10 years, Matador Resources' total revenue changed from $318.03 million in 2015 to $3.70 billion in 2025, a change of 1,062.2%.

Matador Resources' total liabilities were at $5.71 billion at the end of 2025, a 6.0% increase from 2024, and a 776.5% increase since 2015.

In the past 10 years, Matador Resources' cash and equivalents has ranged from $15.31 million in 2025 to $505.18 million in 2022, and is currently $15.31 million as of their latest financial filing in 2025.

Over the last 10 years, Matador Resources' book value per share changed from 5.70 in 2015 to 45.53 in 2025, a change of 698.3%.


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Financial statements for NYSE:MTDR last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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