Matador Resources Co MTDR

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived NYSE

We are an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Our current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. We also have operations in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, we conduct midstream operations in support of, and to provide flow assurance for, our exploration, development and production operations and provide natural gas processing, oil transportation services, oil, natural gas and produced water gathering services and produced water disposal services to third parties.

Last close 59.96 2026-10-23
Market cap $7.42B 2026-06-30 share count
52-week range 37.14 - 66.84

Valuation FY2025 figures against the last close

P/S2.0x
P/E9.8x
P/FCF27.5x
EV/EBITDA4.5x
Dividend yield2.2%
Diluted EPS6.09

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.66B$3.48B$2.82B$3.20B$1.86B$851.1M$1.03B$829.7M$544.3M$264.4M
Cost of revenue $208.1M$167.4M$124.0M$95.5M$61.5M$41.5M————
Gross profit $3.45B$3.31B$2.69B$3.10B$1.80B$809.6M————
SG&A $137.1M$127.5M$110.4M$116.2M$96.4M$62.6M$80.1M$69.3M$66.0M$55.1M
Total operating expenses $624.0M$492.5M$356.5M$252.6M$869.9M$1.38B$748.2M$536.3M$383.4M$441.6M
Operating income $1.23B$1.43B$1.21B$1.76B$793.1M-$521.5M$235.5M$363.3M$160.8M-$177.2M
Interest expense $208.5M$171.7M$121.5M$67.2M$74.7M$76.7M$73.9M$41.3M$34.6M$28.2M
Pre-tax income $1.03B$1.26B$1.10B$1.69B$715.3M-$599.2M$158.5M$292.1M$129.8M-$98.1M
Income tax $172.7M$292.4M$186.0M$399.4M$74.7M$45.6M$35.5M$7.7M$8.2M$1.0M
Net income $759.2M$885.3M$846.1M$1.21B$585.0M-$593.2M$87.8M$274.2M$125.9M-$97.4M
EPS, basic 6.107.167.1010.285.00-5.110.752.411.23-1.07
EPS, diluted 6.097.147.0510.114.91-5.110.752.411.23-1.07
Shares, diluted (wtd. avg.) 124.6M124.1M120.0M120.1M119.2M116.1M117.1M113.7M102.5M91.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $15.3M$23.0M$52.7M$547.3M$86.9M$91.4M$65.1M$84.0M$102.5M$214.1M
Receivables $286.2M$331.6M$274.2M$224.9M$164.2M$85.1M$95.2M$68.2M$66.0M$34.2M
Total current assets $816.6M$927.3M$715.9M$1.07B$371.3M$261.6M$278.5M$305.7M$257.2M$279.2M
Property, plant and equipment ——$6.96B$4.42B$3.86B$3.37B$3.70B$3.12B$1.88B$1.18B
Total assets $11.71B$10.85B$7.73B$5.55B$4.26B$3.69B$4.07B$3.46B$2.15B$1.46B
Accounts payable $540.6M$619.2M$68.2M$58.8M$26.3M$14.0M$25.2M$67.0M$11.8M$4.7M
Total current liabilities $1.03B$995.4M$685.3M$575.9M$464.8M$290.9M$399.8M$330.0M$282.6M$169.5M
Long-term debt $3.40B$3.33B$2.21B$1.16B——————
Retained earnings $3.15B$2.56B$1.78B$1.01B-$171.3M-$741.7M-$148.5M-$236.3M-$510.5M-$636.4M
Total equity $5.66B$5.09B$4.13B$3.32B$2.13B$1.51B$1.97B$1.78B$1.26B$691.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.43B$2.25B$1.87B$1.98B$1.05B$477.6M$552.0M$608.5M$299.1M$134.1M
Depreciation and amortisation $1.20B$974.3M$716.7M$466.3M$344.9M$361.8M$350.5M$265.1M$177.5M$122.0M
Stock-based compensation $18.3M$15.0M$13.7M$15.1M$9.0M$13.6M$18.5M$17.2M$16.7M$12.4M
Capital expenditure $2.16B$3.91B$3.23B$1.06B$837.9M$721.8M$946.0M$1.50B$873.0M$454.4M
Investing cash flow -$2.16B-$3.67B-$3.21B-$1.04B-$729.3M-$775.7M-$904.0M-$1.52B-$819.3M-$448.7M
Financing cash flow -$282.6M$1.41B$902.3M-$480.9M-$328.6M$324.3M$333.1M$888.2M$408.5M$467.7M
Dividends paid $163.1M$104.9M$77.2M$35.2M$14.6M$0————
Buybacks $55.8M$0$0———————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001520006-26-000013.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B Revenue, FY2016: 264.4M Net income, FY2016: -97.4M Revenue, FY2017: 544.3M Net income, FY2017: 125.9M Revenue, FY2018: 829.7M Net income, FY2018: 274.2M Revenue, FY2019: 1B Net income, FY2019: 87.8M Revenue, FY2020: 851.1M Gross profit, FY2020: 809.6M Net income, FY2020: -593.2M Revenue, FY2021: 1.9B Gross profit, FY2021: 1.8B Net income, FY2021: 585M Revenue, FY2022: 3.2B Gross profit, FY2022: 3.1B Net income, FY2022: 1.2B Revenue, FY2023: 2.8B Gross profit, FY2023: 2.7B Net income, FY2023: 846.1M Revenue, FY2024: 3.5B Gross profit, FY2024: 3.3B Net income, FY2024: 885.3M Revenue, FY2025: 3.7B Gross profit, FY2025: 3.4B Net income, FY2025: 759.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $264.4M $544.3M $829.7M $1.03B $851.1M $1.86B $3.20B $2.82B $3.48B $3.66B
Gross profit — — — — $809.6M $1.80B $3.10B $2.69B $3.31B $3.45B
Net income -$97.4M $125.9M $274.2M $87.8M -$593.2M $585.0M $1.21B $846.1M $885.3M $759.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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