Matador Resources Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Matador Resources Co reported revenue of $3.7B (+5.5% year on year) and net income of $860.8M (-11.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $3.7B | $3.5B | $2.8B | $3.2B |
| Realized gain (loss) on derivatives | $21.7M | $12.7M | ($9.6M) | ($157.5M) |
| Unrealized gain (loss) on derivatives | $18.1M | $13.3M | ($1.3M) | $18.8M |
| Total revenues | $3.7B | $3.5B | $2.8B | $3.1B |
| Transportation and processing | $66.8M | $306.8M | $264.5M | $282.2M |
| Lease operating | $415.8M | $341.5M | $243.7M | $157.1M |
| Midstream operating | $208.1M | $171.5M | $128.9M | $95.5M |
| Purchased natural gas | $163.1M | $142.7M | $129.4M | $178.9M |
| Depletion, depreciation and amortization | $1.2B | $974.3M | $716.7M | $466.3M |
| Taxes other than income | $275.6M | — | — | — |
| Accretion of asset retirement obligations | $7.8M | $6.0M | $3.9M | $2.4M |
| General and administrative | $137.1M | $127.5M | $110.4M | $116.2M |
| Total expenses | $2.5B | $2.1B | $1.6B | $1.3B |
| Operating income | $1.2B | $1.4B | $1.2B | $1.8B |
| Net loss on asset sales and impairment | ($589.0K) | $0 | ($202.0K) | ($1.3M) |
| Interest expense | ($208.5M) | ($171.7M) | ($121.5M) | ($67.2M) |
| Other income | $16.0M | $696.0K | $8.8M | ($5.1M) |
| Total other expense | ($193.1M) | ($171.0M) | ($112.9M) | ($73.6M) |
| Income before income taxes | $1.0B | $1.3B | $1.1B | $1.7B |
| Current | $7.1M | $27.1M | $13.9M | $54.9M |
| Deferred | $165.6M | $265.3M | $172.1M | $344.5M |
| Total income tax provision | $172.7M | $292.4M | $186.0M | $399.4M |
| Net income | $860.8M | $971.3M | $910.4M | $1.3B |
| Net income attributable to non-controlling interest in subsidiaries | ($101.5M) | ($86.0M) | ($64.3M) | ($72.1M) |
| Net income attributable to Matador Resources Company shareholders | $759.2M | $885.3M | $846.1M | $1.2B |
| Basic (usd per share) | $6.10 | $7.16 | $7.10 | $10.28 |
| Diluted (usd per share) | $6.09 | $7.14 | $7.05 | $10.11 |
| Basic (in shares) | 124.6M | 123.6M | 119.1M | 118.1M |
| Diluted (in shares) | 124.6M | 124.1M | 120.0M | 120.1M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenues | $1.2B | $941.6M | $915.1M | $925.7M |
| Realized (loss) gain on derivatives | ($72.5M) | ($14.5M) | $3.9M | $6.9M |
| Unrealized gain (loss) on derivatives | $85.5M | ($255.5M) | $20.0M | ($37.3M) |
| Total revenues | $1.2B | $671.6M | $939.0M | $895.3M |
| Transportation and processing | $18.9M | $14.8M | $83.1M | $82.8M |
| Lease operating | $106.9M | $107.5M | $107.5M | $105.7M |
| Midstream operating | $60.5M | $55.2M | $50.5M | $45.6M |
| Purchased natural gas | ($38.9M) | $42.3M | $47.7M | $35.9M |
| Depletion, depreciation and amortization | $315.1M | $292.7M | $305.4M | $302.6M |
| Taxes other than income | $102.8M | $70.9M | — | — |
| Accretion of asset retirement obligations | $2.4M | $2.3M | $2.1M | $1.8M |
| General and administrative | $41.3M | $39.0M | $36.8M | $32.2M |
| Total expenses | $609.1M | $624.8M | $633.0M | $606.6M |
| Operating income | $577.3M | $46.8M | $306.0M | $288.7M |
| Interest expense | ($60.8M) | ($51.5M) | ($50.6M) | ($53.3M) |
| Loss on debt extinguishment | $0 | ($15.6M) | — | — |
| Loss on asset sales | $0 | ($578.0K) | ($589.0K) | — |
| Other income | $4.0M | $4.4M | $5.0M | $3.5M |
| Total other expense | ($56.8M) | ($63.3M) | ($46.2M) | ($49.8M) |
| Income before income taxes | $520.5M | ($16.5M) | $259.8M | $238.8M |
| Current | $226.0K | $0 | ($39.3M) | $23.1M |
| Deferred | $106.6M | ($684.0K) | $98.5M | $33.4M |
| Total income tax provision | $106.8M | ($684.0K) | $59.1M | $56.5M |
| Net income | $413.7M | ($15.8M) | $200.6M | $182.4M |
| Net income attributable to non-controlling interest in subsidiaries | ($23.0M) | ($20.1M) | ($24.3M) | ($32.1M) |
| Net income attributable to Matador Resources Company shareholders | $390.7M | ($35.9M) | $176.4M | $150.2M |
| Basic (in dollars per share) | $3.15 | -$0.29 | $1.42 | $1.21 |
| Diluted (in dollars per share) | $3.15 | -$0.29 | $1.42 | $1.21 |
| Basic (in shares) | 124.2M | 123.5M | 124.4M | 124.4M |
| Diluted (in shares) | 124.2M | 123.5M | 124.4M | 124.5M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash | $15.3M | $23.0M | $52.7M | $505.2M |
| Restricted cash | $64.2M | $71.7M | $53.6M | $42.2M |
| Oil and natural gas revenues | $286.2M | $331.6M | $274.2M | $224.9M |
| Joint interest billings | $140.0M | $260.6M | $163.7M | $180.9M |
| Other | $103.6M | $62.6M | $35.1M | $48.0M |
| Derivative instruments | $34.1M | $16.0M | $2.1M | $3.9M |
| Lease and well equipment inventory | $43.8M | $38.5M | $41.8M | $15.2M |
| Prepaid expenses and other current assets | $129.4M | $123.4M | $92.7M | $51.6M |
| Total current assets | $816.6M | $927.3M | $715.9M | $1.1B |
| Gross property and equipment | $18.1B | $16.0B | — | — |
| Less accumulated depletion, depreciation and amortization | ($7.4B) | ($6.2B) | ($5.2B) | ($4.5B) |
| Net property and equipment | $10.7B | $9.8B | $7.0B | $4.4B |
| Other long-term assets | $162.7M | $158.7M | $54.1M | $64.5M |
| Total assets | $11.7B | $10.9B | $7.7B | $5.6B |
| Accounts payable and accrued liabilities | $540.6M | — | — | — |
| Royalties payable | $351.1M | $227.9M | $162.0M | $117.7M |
| Advances from joint interest owners | $64.2M | $83.3M | $20.0M | $52.4M |
| Other current liabilities | $75.7M | $65.0M | $40.6M | $52.9M |
| Total current liabilities | $1.0B | $995.4M | $685.3M | $575.9M |
| Borrowings under Credit Agreement | $398.0M | $595.5M | $500.0M | $0 |
| Borrowings under San Mateo Credit Facility | $883.0M | $615.0M | $522.0M | $465.0M |
| Senior unsecured notes payable | $2.1B | $2.1B | $1.2B | $695.2M |
| Asset retirement obligations | $144.1M | $114.2M | $87.5M | $53.0M |
| Deferred income taxes | $1.0B | $847.7M | $581.4M | $428.4M |
| Other long-term liabilities | $120.3M | $110.0M | $38.5M | $20.0M |
| Total long-term liabilities | $4.7B | $4.4B | $2.9B | $1.7B |
| Common stock — $0.01 par value, 160,000,000 shares authorized; 124,409,739 and 125,101,268 shares issued; and 124,262,322 and 125,048,396 shares outstanding, respectively | 1.2M | 1.3M | 1.2M | 1.2M |
| Additional paid-in capital | $2.5B | $2.5B | $2.1B | $2.1B |
| Retained earnings | $3.2B | $2.6B | $1.8B | $1.0B |
| Treasury stock, at cost, 147,417 and 52,872 shares, respectively | -5.3M | -2.3M | -45.0K | -34.0K |
| Total shareholders' equity | $5.7B | $5.1B | $3.9B | $3.1B |
| Non-controlling interest in subsidiaries | $338.5M | $368.3M | $216.8M | $206.3M |
| Total shareholders’ equity | $6.0B | $5.5B | $4.1B | $3.3B |
| Total liabilities and shareholders’ equity | $11.7B | $10.9B | $7.7B | $5.6B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash | $26.3M | $30.5M | $20.1M | $10.5M |
| Restricted cash | $64.6M | $62.0M | $76.2M | $76.3M |
| Oil and natural gas revenues | $408.3M | $412.1M | $301.8M | $336.1M |
| Joint interest billings | $185.3M | $181.2M | $236.6M | $234.7M |
| Other | $77.5M | $122.1M | $101.4M | $88.0M |
| Derivative instruments | $13.6M | $90.6M | $21.2M | $16.2M |
| Lease and well equipment inventory | $50.2M | $45.6M | $43.5M | $43.1M |
| Prepaid expenses and other current assets | $181.3M | $140.7M | $115.8M | $111.0M |
| Total current assets | $1.0B | $1.1B | $916.8M | $915.9M |
| Evaluated | $15.5B | $14.8B | $13.9B | $13.4B |
| Unproved and unevaluated | $2.7B | $1.8B | $1.8B | $1.7B |
| Midstream properties | $2.0B | $2.0B | $1.9B | $1.9B |
| Other property and equipment | $57.1M | $58.0M | $51.7M | $49.7M |
| Less accumulated depletion, depreciation and amortization | ($8.0B) | ($7.7B) | ($7.1B) | ($6.8B) |
| Net property and equipment | $12.3B | $10.9B | $10.6B | $10.2B |
| Other long-term assets | $224.2M | $154.6M | $167.7M | $159.2M |
| Total assets | $13.5B | $12.2B | $11.6B | $11.3B |
| Accounts payable and accrued liabilities | $836.8M | $702.4M | $125.6M | $143.7M |
| Royalties payable | $399.7M | $337.1M | $342.9M | $277.6M |
| Derivative instruments | $141.1M | $306.2M | $2.2M | $2.9M |
| Advances from joint interest owners | $78.3M | $61.1M | $119.5M | $109.5M |
| Other current liabilities | $93.3M | $72.3M | $81.6M | $69.7M |
| Total current liabilities | $1.5B | $1.5B | $1.3B | $1.1B |
| Borrowings under Credit Agreement | $939.0M | $185.0M | $285.0M | $390.0M |
| Borrowings under San Mateo Credit Facility | $911.0M | $918.0M | $815.0M | $778.0M |
| Senior unsecured notes payable | $2.4B | $2.4B | $2.1B | $2.1B |
| Asset retirement obligations | $155.2M | $150.1M | $139.1M | $117.0M |
| Derivative instruments | $8.5M | $5.8M | $2.5M | $11.1M |
| Deferred income taxes | $1.1B | $1.0B | $1.0B | $941.8M |
| Other long-term liabilities | $189.6M | $140.8M | $116.6M | $112.6M |
| Total long-term liabilities | $5.7B | $4.8B | $4.5B | $4.5B |
| Common stock - $0.01 par value, 160,000,000 shares authorized; 124,511,431 and 124,409,739 shares issued; and 123,998,298 and 124,262,322 shares outstanding, respectively | 1.2M | 1.2M | 1.3M | 1.3M |
| Additional paid-in capital | $2.5B | $2.5B | $2.6B | $2.5B |
| Retained earnings | $3.4B | $3.1B | $3.0B | $2.9B |
| Treasury stock, at cost, 513,133 and 147,417 shares, respectively | -25.0M | -8.5M | -57.4M | -50.8M |
| Total Matador Resources Company shareholders’ equity | $5.9B | $5.6B | $5.5B | $5.4B |
| Non-controlling interest in subsidiaries | $322.3M | $328.2M | $349.8M | $360.3M |
| Total shareholders’ equity | $6.3B | $5.9B | $5.9B | $5.7B |
| Total liabilities and shareholders’ equity | $13.5B | $12.2B | $11.6B | $11.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $860.8M | $971.3M | $910.4M | $1.3B |
| Unrealized (gain) loss on derivatives | ($18.1M) | ($13.3M) | $1.3M | ($18.8M) |
| Depletion, depreciation and amortization | $1.2B | $974.3M | $716.7M | $466.3M |
| Accretion of asset retirement obligations | $7.8M | $6.0M | $3.9M | $2.4M |
| Stock-based compensation expense | $18.3M | $15.0M | $13.7M | $15.1M |
| Deferred income tax provision | $165.6M | $265.3M | $172.1M | $344.5M |
| Amortization of debt issuance cost and other debt related costs | $14.8M | $16.5M | $7.0M | ($517.0K) |
| Other non-cash changes | $4.3M | ($1.4M) | ($7.3M) | $1.3M |
| Accounts receivable | $114.3M | ($138.1M) | $59.9M | ($205.4M) |
| Lease and well equipment inventory | ($35.3M) | ($10.9M) | ($3.0M) | ($2.8M) |
| Other assets | ($10.0K) | $4.1M | $646.0K | $175.0K |
| Accounts payable, accrued liabilities and other current liabilities | ($8.9M) | $33.7M | $2.8M | $63.5M |
| Royalties payable | $123.2M | $56.2M | $34.3M | $23.3M |
| Advances from joint interest owners | ($19.2M) | $63.4M | ($32.4M) | $34.3M |
| Other long-term liabilities | $2.1M | $4.8M | ($402.0K) | ($8.0M) |
| Net cash provided by operating activities | $2.4B | $2.2B | $1.9B | $2.0B |
| Drilling, completion and equipping capital expenditures | ($1.5B) | ($1.2B) | ($1.2B) | ($771.8M) |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | ($1.8B) | ($1.7B) | ($75.8M) |
| Acquisition of oil and natural gas properties | ($339.1M) | ($454.4M) | ($187.7M) | ($155.1M) |
| Midstream capital expenditures | ($297.7M) | ($283.9M) | ($165.7M) | ($80.1M) |
| Expenditures for other property and equipment | ($4.2M) | ($5.7M) | ($3.6M) | ($1.2M) |
| Proceeds from sale of assets and other | $22.4M | $12.4M | $14.8M | $46.5M |
| Proceeds from sale of equity method investment | $3.3M | $113.6M | — | — |
| Net cash used in investing activities | ($2.2B) | ($3.7B) | ($3.2B) | ($1.0B) |
| Repayments of borrowings under Credit Agreement | ($2.4B) | ($4.0B) | ($3.0B) | ($300.0M) |
| Borrowings under Credit Agreement | $2.2B | $4.1B | $3.5B | $200.0M |
| Repayments of borrowings under San Mateo Credit Facility | ($345.0M) | ($733.0M) | ($171.0M) | ($150.0M) |
| Borrowings under San Mateo Credit Facility | $613.0M | $826.0M | $228.0M | $230.0M |
| Cost to enter into or amend credit facilities | ($2.4M) | ($33.4M) | ($9.3M) | ($3.7M) |
| Proceeds from issuance of senior unsecured notes | $0 | $1.6B | $494.8M | — |
| Proceeds from issuance of common stock | $0 | $344.7M | — | — |
| Issuance costs of senior unsecured notes | $0 | ($28.2M) | ($8.5M) | — |
| Purchase of senior unsecured notes | $0 | ($699.2M) | $0 | ($344.3M) |
| Dividends paid | ($163.1M) | ($104.9M) | ($77.2M) | ($35.2M) |
| Repurchases of common stock | ($55.8M) | — | — | — |
| Contribution related to Pronto Transaction | $0 | $171.5M | — | — |
| Contributions related to formation of San Mateo | $13.0M | $23.8M | $38.2M | $28.3M |
| Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries | $0 | $19.1M | $24.5M | $0 |
| Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries | ($131.3M) | ($97.5M) | ($78.3M) | ($86.0M) |
| Taxes paid related to net share settlement of stock-based compensation | ($12.0M) | ($17.0M) | ($22.9M) | ($19.2M) |
| Other | ($1.5M) | ($3.8M) | ($16.0M) | ($592.0K) |
| Net cash (used in) provided by financing activities | ($282.6M) | $1.4B | $902.3M | ($480.9M) |
| Decrease in cash and restricted cash | ($15.3M) | ($11.6M) | ($441.0M) | $460.4M |
| Cash and restricted cash at beginning of period | $94.7M | $106.3M | $547.3M | $86.9M |
| Cash and restricted cash at end of period | $79.5M | $94.7M | $106.3M | $547.3M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $397.8M | ($15.8M) | $645.2M | $444.6M |
| Unrealized loss on derivatives | $170.0M | $255.5M | $12.3M | $32.2M |
| Depletion, depreciation and amortization | $607.8M | $292.7M | $889.8M | $584.5M |
| Accretion of asset retirement obligations | $4.6M | $2.3M | $5.6M | $3.5M |
| Stock-based compensation expense | $10.6M | $4.5M | $14.6M | $8.5M |
| Loss on debt extinguishment | $15.6M | $15.6M | — | — |
| Deferred income tax provision | $105.9M | ($684.0K) | $191.8M | $93.3M |
| Amortization of debt issuance costs and other debt-related costs | $7.1M | $3.5M | $11.0M | $7.3M |
| Other non-cash changes | $7.3M | $6.7M | $3.0M | $1.1M |
| Accounts receivable, prepaid expenses and other current assets | ($148.6M) | ($188.7M) | $9.0M | ($7.3M) |
| Lease and well equipment inventory | ($5.1M) | $1.1M | ($32.3M) | ($22.0M) |
| Other long-term assets | $1.7M | ($149.0K) | ($1.5M) | ($1.0M) |
| Accounts payable, accrued liabilities and other current liabilities | $174.3M | $113.5M | $42.7M | $6.3M |
| Royalties payable | $48.6M | ($14.0M) | $115.0M | $49.7M |
| Advances from joint interest owners | $14.1M | ($3.1M) | $36.1M | $26.1M |
| Other long-term liabilities | ($4.2M) | ($2.3M) | $2.7M | ($60.0K) |
| Net cash provided by operating activities | $1.4B | $470.5M | $2.0B | $1.2B |
| Drilling, completion and equipping capital expenditures | ($745.3M) | ($377.4M) | ($1.1B) | ($745.5M) |
| Acquisition of Cardinal | ($37.6M) | — | — | — |
| Acquisition of oil and natural gas properties | ($1.2B) | ($61.7M) | ($261.8M) | ($125.1M) |
| Midstream capital expenditures | ($38.7M) | ($17.6M) | ($237.4M) | ($159.8M) |
| Acquisition of midstream assets | ($6.2M) | — | $0 | $0 |
| Expenditures for other property and equipment | ($2.1M) | ($2.1M) | ($3.0M) | ($1.8M) |
| Proceeds from sale of assets | $858.0K | $858.0K | $22.4M | $22.3M |
| Proceeds from sale of equity method investment | $0 | — | $3.3M | $3.3M |
| Net cash used in investing activities | ($2.1B) | ($457.9M) | ($1.6B) | ($1.0B) |
| Repayments of borrowings under Credit Agreement | ($1.6B) | ($648.0M) | ($1.8B) | ($1.2B) |
| Borrowings under Credit Agreement | $2.2B | $435.0M | $1.5B | $1.0B |
| Repayments of borrowings under San Mateo Credit Facility | ($181.0M) | ($105.0M) | ($265.0M) | ($165.0M) |
| Borrowings under San Mateo Credit Facility | $209.0M | $140.0M | $465.0M | $328.0M |
| Cost to amend credit facilities | ($2.2M) | ($134.0K) | ($530.0K) | ($463.0K) |
| Proceeds from issuance of senior unsecured notes | $750.0M | $750.0M | $0 | $0 |
| Cost to issue senior unsecured notes | ($12.9M) | ($12.1M) | $0 | $0 |
| Purchase of senior unsecured notes | ($509.7M) | ($509.7M) | $0 | $0 |
| Proceeds from sale-leaseback financing obligation | $24.0M | $24.0M | — | — |
| Payments on sale-leaseback financing obligation | ($331.0K) | — | — | — |
| Repurchases of common stock | ($12.1M) | ($707.0K) | ($50.7M) | ($44.2M) |
| Dividends paid | ($93.3M) | ($46.8M) | ($116.8M) | ($78.2M) |
| Contributions related to formation of San Mateo | $15.1M | $6.9M | $9.2M | $9.2M |
| Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries | ($59.3M) | ($30.4M) | ($97.0M) | ($62.2M) |
| Taxes paid related to net share settlement of stock-based compensation | ($6.0M) | ($2.4M) | ($11.8M) | ($11.1M) |
| Other | ($667.0K) | ($263.0K) | ($1.1M) | ($715.0K) |
| Net cash provided by (used in) financing activities | $661.7M | $387.0K | ($379.3M) | ($230.2M) |
| Change in cash and restricted cash | $11.4M | $13.0M | $1.6M | ($8.0M) |
| Cash and restricted cash at beginning of period | $79.5M | $79.5M | $94.7M | $94.7M |
Matador Resources Co score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.