NYSE · Financial Statements

Matador Resources Company (MTDR) Financial Statements

$59.96 NYSE: MTDR Market Cap $7.42B

Matador Resources Company most recently reported annual revenue of $3.7B, net profit of $759.0M. Revenue grew at an average annual rate of 33.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Matador Resources Company: Revenue rose from $264.0M in 2016 to $3.7B in 2025, a change of +1285.2% over 9 years; net profit was positive in 8 of 10 reported years; operating margin moved from -67.0% to 32.5%, a shift of +99.5 percentage points; the most recent year shows net profit of $759.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$264.0M$544.0M$900.0M$1.0B$855.0M$1.7B$3.1B$2.8B$3.5B$3.7B
Operating Expenses$442.0M$383.0M$536.0M$792.0M$1.4B$870.0M$1.3B$1.6B$2.0B$2.5B
Operating Profit$-177.0M$161.0M$363.0M$235.0M$-521.0M$793.0M$1.8B$1.2B$1.4B$1.2B
Operating Margin-67.0%29.6%40.4%22.9%-61.0%47.7%57.5%42.9%41.2%32.5%
Other Income$79.0M$-31.0M$-71.0M$-77.0M$-78.0M$-78.0M$-74.0M$-113.0M$-171.0M$-153.0M
Interest$28.0M$35.0M$41.0M$74.0M$77.0M$75.0M$67.0M$122.0M$172.0M$209.0M
Depreciation$123.0M$179.0M$267.0M$351.0M$362.0M$347.0M$469.0M$717.0M$974.0M$1.2B
Profit Before Tax$-98.0M$130.0M$292.0M$159.0M$-599.0M$715.0M$1.7B$1.1B$1.3B$1.0B
Tax$1.1M$-6.3M$-2.6M$22.4M$7.6M$10.4M$23.7M$17.0M$23.1M$16.7M
Net Profit$-97.0M$126.0M$274.0M$88.0M$-593.0M$585.0M$1.2B$846.0M$885.0M$759.0M
EPS$-1.07$1.23$2.41$1.05$-4.77$4.91$10.11$7.05$7.14$6.09
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$772.0M$832.0M$785.0M$855.0M$860.0M$978.0M$1.0B$926.0M$915.0M$848.0M$942.0M$1.2B
Operating Expenses$432.0M$467.0M$466.0M$492.0M$468.0M$618.0M$617.0M$607.0M$609.0M$636.0M$625.0M$609.0M
Operating Profit$340.0M$366.0M$319.0M$364.0M$392.0M$360.0M$389.0M$319.0M$306.0M$212.0M$317.0M$577.0M
Operating Margin44.0%43.9%40.6%42.5%45.6%36.8%38.7%34.5%33.4%25.1%33.6%48.7%
Interest$35.0M$36.0M$40.0M$36.0M$36.0M$60.0M$49.0M$53.0M$51.0M$55.0M$52.0M$61.0M
Profit Before Tax$293.0M$333.0M$280.0M$326.0M$358.0M$300.0M$345.0M$239.0M$260.0M$190.0M$-17.0M$520.0M
Tax$5.0M$17.2M$23.9M$24.0M$23.8M$20.7M$24.0M$23.6M$22.8M$-13.6M$4.1M$20.5M
Net Profit$264.0M$255.0M$194.0M$229.0M$248.0M$215.0M$240.0M$150.0M$176.0M$193.0M$-36.0M$391.0M
EPS$2.20$2.12$1.61$1.83$1.99$1.71$1.92$1.21$1.42$1.55$-0.29$3.15

Over the 10 years reported for Matador Resources Company, borrowings increased from $574.0M in 2016 to $3.5B in 2025, cash stood at $79.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 0.79 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.5B$2.1B$3.5B$4.1B$3.7B$4.3B$5.6B$7.7B$10.8B$11.9B
Current Assets$279.0M$257.0M$306.0M$278.0M$262.0M$371.0M$1.1B$716.0M$927.0M$817.0M
Cash$213.0M$97.0M$65.0M$40.0M$58.0M$48.0M$505.0M$53.0M$23.0M$79.0M
Inventory$3.0M$6.0M$18.0M$11.0M$11.0M$12.0M$15.0M$42.0M$38.0M$44.0M
Receivables$59.0M$141.0M$146.0M$189.0M$120.0M$241.0M$406.0M$473.0M$655.0M$530.0M
Fixed Assets$1.2B$1.9B$3.1B$3.7B$3.4B$3.9B$4.5B$7.0B$48.0M$10.9B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$0
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$773.0M$888.0M$1.7B$2.1B$2.2B$2.1B$2.2B$3.6B$5.4B$5.9B
Current Liabilities$170.0M$283.0M$330.0M$400.0M$291.0M$465.0M$576.0M$685.0M$995.0M$1.0B
Borrowings$574.0M$574.0M$1.3B$1.6B$1.9B$1.6B$1.2B$2.3B$2.1B$3.5B
Other Liabilities$199.0M$314.0M$378.0M$500.0M$301.0M$575.0M$1.0B$1.3B$3.3B$2.3B
Equity$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Reserves$690.0M$1.2B$1.7B$1.8B$1.3B$1.9B$3.1B$3.9B$5.1B$5.7B

For Matador Resources Company, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $242.0M; free cash flow was positive in 5 of 10 years; financing activities used $188.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$134.0M$299.0M$609.0M$552.0M$478.0M$1.1B$2.0B$1.9B$2.2B$2.4B
Investing Cash Flow$-903.0M$-1.6B$-3.0B$-1.8B$-1.6B$-1.5B$-2.1B$-4.8B$-5.6B$-4.3B
Financing Cash Flow$283.0M$408.0M$183.0M$50.0M$93.0M$-25.0M$-81.0M$-72.0M$35.0M$-188.0M
Net Cash Flow$196.0M$-116.0M$-18.0M$-19.0M$26.0M$-4.0M$460.0M$-441.0M$-12.0M$-15.0M
Free Cash Flow$-320.0M$-521.0M$-915.0M$-374.0M$-303.0M$320.0M$895.0M$318.0M$280.0M$242.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.62
EV / EBITDA4.16
FCF Yield9.42%
Quick Ratio0.62
Interest Coverage6.48
Return 1Y23.88%
Return 3Y0.99%
Return 5Y130.60%

Matador Resources Company (MTDR) financials — frequently asked questions

What is Matador Resources Company's annual revenue?

Matador Resources Company (MTDR) reported annual revenue of $3.7B in its most recent fiscal year.

What is Matador Resources Company's net profit?

Matador Resources Company (MTDR) reported net profit of $759.0M in its most recent fiscal year.

What is MTDR EV/EBITDA?

Matador Resources Company's enterprise value to EBITDA (EV/EBITDA) ratio is 4.16.

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