Matador Resources Company
Description
Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. It also operates the Eagle Ford shale play in South Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. In addition, the company conducts midstream operations in support of its exploration, development, and production operations. Further, it provides natural gas processing and oil transportation services; and oil, natural gas, and produced water gathering services, as well as produced water disposal services to third parties. The company sells natural gas to unaffiliated independent marketing companies and unaffiliated midstream companies. The company was formerly known as Matador Holdco, Inc. and changed its name to Matador Resources Company in August 2011. Matador Resources Company was founded in 2003 and is headquartered in Dallas, Texas.
About
CEO
Mr. Joseph Wm. Foran
Employees
395
Instrument type
Common Stock
Sector
Energy
Industry
Oil & Gas E&P
MIC code
XNYS
Address
One Lincoln Centre, Dallas, TX 75240, United States
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 20, 2025 | — | — | — | — |
| Jul 21, 2025 | — | — | — | — |
| Apr 21, 2025 | — | — | — | — |
| Feb 18, 2025 | 1.88 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 14 | — | 17 |
| Average estimate | — | 2.08 | — | 8.47 |
| Low estimate | — | 1.48 | — | 6.96 |
| High estimate | — | 2.58 | — | 10.37 |
| Last year EPS | — | 1.71 | — | 7.42 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-11.200%
Next qtr. (Mar 2025)
21.890%
Current year
9.540%
Next year (Dec 2025)
14.190%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 2.82B | 3.20B | 1.86B | 855.20M | 1.03B |
| Cost of revenue | 1.48B | 1.18B | 771.44M | 634.36M | 666.31M |
| Gross profit | 1.33B | 2.02B | 1.09B | 220.84M | 361.60M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 110.37M | 116.23M | 96.40M | 62.58M | 80.05M |
| Other operating expenses | 3.94M | 2.42M | 2.07M | 1.95M | 1.82M |
| Operating income | 1.22B | 1.90B | 992.17M | 156.32M | 279.73M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 121.52M | 67.16M | 74.69M | 76.69M | 73.87M |
| Other income expense | -2.25M | -145.11M | -202.14M | -678.78M | -47.34M |
| Pretax income | 1.10B | 1.69B | 715.35M | -599.16M | 158.51M |
| Tax provision | 186.03M | 399.36M | 74.71M | -45.60M | 35.53M |
| Net income | 910.36M | 1.29B | 640.64M | -553.56M | 122.98M |
| Basic EPS | 7.10 | 10.28 | 5.00 | -5.11 | 0.75 |
| Diluted EPS | 7.05 | 10.11 | 4.91 | -5.11 | 0.75 |
| Basic average shares | 119.14M | 118.12M | 117.00M | 116.07M | 116.56M |
| Diluted average shares | 119.14M | 118.12M | 117.00M | 116.07M | 116.56M |
| EBITDA | 1.95B | 2.36B | 1.33B | 520.01M | 628.14M |
| Net income from continuing op. | 910.36M | 1.29B | 640.64M | -553.56M | 122.98M |
| Minority interests | -64.29M | -72.11M | -55.67M | -39.65M | -35.21M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 7.73B | 5.55B | 4.26B | 3.69B | 4.07B |
| Current assets | |||||
| Cash | 52.66M | 505.18M | 48.14M | 57.92M | 40.02M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 52.66M | 505.18M | 48.14M | 57.92M | 40.02M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 437.85M | 405.81M | 212.61M | 119.92M | 162.77M |
| Other receivables | 35.10M | 48.01M | 28.81M | 17.21M | 26.64M |
| Inventory | 41.81M | 15.18M | 12.19M | 10.58M | 10.74M |
| Prepaid assets | — | — | 28.81M | 15.80M | 13.21M |
| Restricted cash | 53.64M | 42.15M | 38.79M | 33.47M | 25.10M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | 2.11M | 3.93M | 1.97M | 6.73M | — |
| Other current assets | 92.70M | 51.57M | 28.81M | — | — |
| Non current assets | |||||
| Properties | 1.32B | 1.06B | 900.98M | 841.70M | 643.90M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 26.23M | 21.48M | 19.15M | 18.71M | 17.27M |
| Construction in progress | — | — | — | — | — |
| Leases | 14.15M | 11.37M | 10.98M | 10.85M | 9.75M |
| Accumulated depreciation | -5.23B | -4.51B | -4.05B | -3.70B | -2.66B |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | 558,000 | — | — | 2.57M | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 54.13M | 64.48M | 34.16M | 55.31M | 91.59M |
| Total liabilities | 3.60B | 2.24B | 2.13B | 2.17B | 2.10B |
| Current liabilities | |||||
| Accounts payable | 68.19M | 58.85M | 26.26M | 13.98M | 25.23M |
| Accrued expenses | 288.84M | 202.42M | 209.55M | 93.84M | 164.05M |
| Short term debt | 62.01M | 46.98M | 32.18M | 24.28M | 18.22M |
| Deferred revenue | 19.95M | 52.36M | 18.07M | 4.19M | 14.84M |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 40.62M | 52.86M | 45.54M | 82.62M | 53.73M |
| Non current liabilities | |||||
| Long term debt | 2.21B | 1.16B | 1.53B | 1.81B | 1.58B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 581.44M | 428.35M | 77.94M | — | 37.33M |
| Derivative product liabilities | — | — | — | — | 1.98M |
| Other non current liabilities | 38.48M | 19.96M | 22.72M | 30.40M | 43.13M |
| Shareholders equity | |||||
| Common stock | 1.19M | 1.19M | 1.18M | 1.17M | 1.17M |
| Retained earnings | 1.78B | 1.01B | -171.32M | -741.71M | -148.50M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 4.13B | 3.32B | 2.13B | 1.51B | 1.97B |
| Additional paid in capital | 2.13B | 2.10B | 2.08B | 2.03B | 1.98B |
| Treasury stock | 45,000 | 34,000 | 243,000 | 3,000 | 26,000 |
| Minority interest | 216.83M | 206.29M | 220.18M | 226.50M | 135.80M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Net Income | 910.36M | 1.29B | 640.64M | -553.56M | 122.98M | 299.76M | 138.01M | -97.06M | -679.52M | 110.75M | 45.09M | -33.26M | -10.31M | 6.38M | -14.43M |
| Depreciation | 716.69M | 466.35M | 344.91M | 361.83M | 350.54M | 265.14M | 177.50M | 122.05M | 178.85M | 134.74M | 98.40M | 80.45M | 31.75M | 15.60M | 10.74M |
| Deferred Taxes | 172.10M | 344.48M | 74.71M | -45.60M | 35.53M | -7.24M | — | — | -150.33M | 64.24M | 9.29M | -1.43M | -5.48M | 4.93M | -7.60M |
| Stock-Based Compensation | 13.66M | 15.12M | 9.04M | 13.63M | 18.51M | 17.20M | 16.65M | 12.36M | 9.45M | 5.52M | 3.90M | 140,000 | 2.41M | 898,000 | — |
| Other Non-Cash Items | 3.73M | 3.22M | 6.06M | 4.78M | 4.31M | 2.89M | 1.76M | 2.33M | 1.59M | 504,000 | 348,000 | 256,000 | 209,000 | 155,000 | 793,434 |
| Accounts Receivable | 59.89M | -205.43M | -98.46M | 53.00M | -43.26M | -4.93M | -82.55M | -14.26M | 3.63M | -13.32M | -2.16M | -16.34M | -1.52M | -386,000 | 408,710 |
| Accounts Payable | 2.81M | 63.46M | 76.89M | -43.84M | -19.00M | 68.65M | 33.56M | 6.61M | 1.38M | 607,000 | -3.64M | 19.74M | 13.50M | 2.49M | — |
| Other Assets & Liabilities | -35.19M | 23.65M | 4.06M | 1.79M | 11.84M | -5.69M | -17.99M | 3.93M | -243,000 | 814,000 | 110,000 | -341,000 | -180,000 | 126,000 | -496,999 |
| Operating Cash Flow | 1.84B | 2.00B | 1.06B | -207.98M | 481.44M | 635.78M | 266.94M | 35.97M | -635.20M | 303.86M | 151.34M | 49.22M | 30.38M | 30.19M | -10.58M |
| Investing Activities | |||||||||||||||
| Capital Expenditures | -187.66M | -230.89M | -238.61M | -72.81M | -50.77M | -652.86M | -5.69M | -74.85M | -64.50M | 79,000 | -3.98M | — | -161.10M | -160.66M | -54.52M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | -24.03M | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | -61,000 | -496,000 | -4.30M | -3.74M | -15.50M |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | 230,000 | 1.60M | 5.31M | 17.07M | 20.61M |
| Investing Cash Flow | -1.85B | -184.38M | -234.39M | -68.02M | -28.85M | -644.52M | -4.71M | -69.67M | 7.56M | -451,000 | -3.81M | 1.11M | -160.09M | -147.33M | -49.42M |
| Financing Activities | |||||||||||||||
| Long-Term Debt Issuance | 4.25B | 430.00M | 395.00M | 266.00M | 250.00M | 1.68B | — | 304.63M | 525.00M | 320.00M | 180.00M | 160.00M | 191.00M | 25.00M | — |
| Long-Term Debt Payments | -3.20B | -794.30M | -684.00M | -35.00M | -35.00M | -975.78M | — | -120.00M | -476.98M | -180.00M | -130.00M | -123.00M | -103.00M | — | — |
| Other Financing Charges | -72.29M | -81.30M | -24.97M | 93.34M | 46.78M | -44.92M | 196.86M | -5.53M | -11.80M | -748,000 | -7.41M | -11.58M | -1.71M | -172,000 | — |
| Financing Cash Flow | 902.33M | -480.85M | -277.55M | 370.34M | 329.78M | 887.42M | 405.58M | 467.61M | 224.93M | 321.13M | 191.66M | 171.84M | 86.61M | 34.91M | -195,768 |
| Other Cash Details | |||||||||||||||
| End Cash Position | 106.30M | 547.33M | 86.92M | 91.38M | 65.13M | 83.98M | 102.48M | 214.14M | 16.73M | 8.41M | 6.29M | 2.10M | 10.28M | 21.06M | 104.23M |
| Income Tax Paid | 4.60M | 63.50M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 111.74M | 72.56M | 74.84M | 76.88M | — | — | — | — | — | — | — | 780,000 | — | — | — |
| Free Cash Flow | 318.02M | 894.76M | 319.88M | -302.87M | -373.86M | -915.06M | -521.14M | -319.83M | -288.68M | -318.52M | -187.70M | -183.79M | -99.23M | -133.39M | -52.76M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 3,728,043 | 217.61M | 2.99% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 3,560,336 | 207.82M | 2.85% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 2,811,943 | 164.13M | 2.25% |
| Price (T.Rowe) Small-Cap Value Fund | Sep 30, 2024 | 2,189,787 | 127.82M | 1.76% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 1,745,197 | 101.87M | 1.40% |
| Victory Portfolios-Sycamore Small Company Opportunity Fund | Sep 30, 2024 | 1,590,000 | 92.81M | 1.27% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 1,550,680 | 90.51M | 1.24% |
| SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF | Nov 30, 2024 | 1,315,043 | 76.76M | 1.05% |
| Price (T.Rowe) U.S. Small-Cap Value Equity Trust | Sep 30, 2024 | 1,178,792 | 68.81M | 0.94% |
| Vanguard Explorer Fund, Inc. | Oct 31, 2024 | 1,053,324 | 61.48M | 0.84% |
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