MTDR on NYSE

Matador Resources Co

American crude petroleum and natural gas company based in Dallas.

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Last updated Oct 18, 2026.

Overview

Compare with Crescent Energy Co, SM Energy or APA Corporation, or pick any stock.

  • TickerMTDR on NYSE
  • IndustryCrude Petroleum & Natural Gas
  • HeadquartersDallas, United States
  • Incorporated inTX2
  • Business address5400 Lbj Freeway, Suite 1500, Dallas, Tx 752402
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

33.5%Operating margin3
20.8%Net margin3
5.1%Revenue growth, 20253
13.4%Return on equity3
0.60×Debt to equity3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Oil brought in 78% of the revenue Matador Resources Co broke down this way in fiscal 2025.

  1. Oil$2.8B378%up 2% from 2024
  2. Natural Gas$398.6M311%up 7% from 2024
  3. Natural Gas Sales$253.0M37%up 30% from 2024
  4. Natural Gas, Midstream$164.7M35%up 17% from 2024
Products and services by year
Products and services202320242025
Oil$2.1B$2.8B$2.8B
Natural Gas$400.7M$371.5M$398.6M
Natural Gas Sales$149.9M$194.1M$253.0M
Natural Gas, Midstream$122.2M$141.0M$164.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue6¢$208.1M
  • Other costs69¢$2.5B
  • Income tax5¢$172.7M
  • Profit21¢$759.2M

Out of $3.7B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid7¢$163.1M
  • Share buybacks2¢$55.8M
  • Kept or used elsewhere91¢$2.2B

Out of $2.4B of cash from operations.3

Financial statements

Revenue45673$3.7B in 2025+256% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $1.0B$1.0B20192020: $851.1M$851.1M2020−17%2021: $1.9B$1.9B2021+119%2022: $3.2B$3.2B2022+72%2023: $2.8B$2.8B2023−12%2024: $3.5B$3.5B2024+23%2025: $3.7B$3.7B2025+5%
Operating income45673$1.2B in 2025+421% since 2019
-$1.0B0$1.0B$2.0B2019: $235.5M$235.5M20192020: -$521.5M-$521.5M20202021: $793.1M$793.1M20212022: $1.8B$1.8B2022+122%2023: $1.2B$1.2B2023−31%2024: $1.4B$1.4B2024+19%2025: $1.2B$1.2B2025−15%
Net income45673$759.2M in 2025+765% since 2019
-$1.0B-$500.0M0$500.0M$1.0B$1.5B2019: $87.8M$87.8M20192020: -$593.2M-$593.2M20202021: $585.0M$585.0M20212022: $1.2B$1.2B2022+108%2023: $846.1M$846.1M2023−30%2024: $885.3M$885.3M2024+5%2025: $759.2M$759.2M2025−14%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Revenues$3.7B$3.5B$2.8B
Realized gain (loss) on derivatives$21.7M$12.7M-$9.6M
Unrealized gain (loss) on derivatives$18.1M$13.3M-$1.3M
Total revenues$3.7B$3.5B$2.8B
Transportation and processing$66.8M$58.6M$59.9M
Lease operating$415.8M$325.1M$232.5M
Midstream operating$208.1M$167.4M$124.0M
Purchased natural gas$163.1M$142.7M$129.4M
Depletion, depreciation and amortization$1.2B$974.3M$716.7M
Taxes other than income$275.6M$268.6M$220.6M
Accretion of asset retirement obligations$7.8M$6.0M$3.9M
General and administrative$137.1M$127.5M$110.4M
Total expenses$2.5B$2.1B$1.6B
Operating income$1.2B$1.4B$1.2B
Net loss on asset sales and impairment-$589.0K$0-$202.0K
Interest expense-$208.5M-$171.7M-$121.5M
Other income$16.0M$696.0K$8.8M
Total other expense-$193.1M-$171.0M-$112.9M
Income before income taxes$1.0B$1.3B$1.1B
Current$7.1M$27.1M$13.9M
Deferred$165.6M$265.3M$172.1M
Total income tax provision$172.7M$292.4M$186.0M
Net income$860.8M$971.3M$910.4M
Net income attributable to non-controlling interest in subsidiaries-$101.5M-$86.0M-$64.3M
Net income attributable to Matador Resources Company shareholders$759.2M$885.3M$846.1M
Basic (usd per share)$6.10$7.16$7.10
Diluted (usd per share)$6.09$7.14$7.05
Basic (in shares)124.6M shares123.6M shares119.1M shares
Diluted (in shares)124.6M shares124.1M shares120.0M shares

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Leadership

Who has led Matador Resources Co, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph Wm Foran2012–now

Chair

  1. Joseph Wm Foran2012–now

President

  1. Joseph Wm Foran2012–2013
  2. Matthew Hairford V.2014–2022
  3. Van H. Singleton Ii.2022–2025
  4. Bryan A. Erman2025–now

Chief financial officer

  1. David E. Lancaster2012–2022
  2. Brian J. Willey2023–2025
  3. William D. Lambert2025
  4. Robert T. Macalik2025–2026
  5. Christopher P. Calvert2026–now

Chief operating officer

  1. David E. Lancaster2012–2015
  2. Christopher P. Calvert2024–2026
  3. Glenn W. Stetson2026–now
201520202025
Board members and other officers (39)

Timeline

  1. Feb 1, 2012New chief executive Joseph Wm Foran becomes CEO11
  2. Nov 22, 2010Founded Matador Resources Co is founded60

Filings

523 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 99 major events, 356 insider forms, 17 large holders, 31 other. The latest 20:

  1. Oct 5, 20268-K EDGAR
  2. Sep 17, 2026SD EDGAR
  3. Sep 10, 20268-K EDGAR
  4. Aug 31, 20264 EDGAR
  5. Aug 28, 20264 EDGAR
  6. Aug 19, 20264 EDGAR
  7. Aug 14, 20264 EDGAR
  8. Aug 12, 20264 EDGAR
  9. Aug 12, 20264 EDGAR
  10. Aug 12, 20264 EDGAR
  11. Aug 7, 202610-Q EDGAR
  12. Aug 5, 20268-K EDGAR
  13. Jul 24, 20268-K EDGAR
  14. Jul 22, 20268-K EDGAR
  15. Jun 17, 20264 EDGAR
  16. Jun 16, 20268-K EDGAR
  17. Jun 15, 20264 EDGAR
  18. Jun 15, 20264 EDGAR
  19. Jun 15, 20264 EDGAR
  20. Jun 15, 20264 EDGAR

The 523 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 17 such filings since October 2021, the latest 10:

  1. Apr 29, 2026SCHEDULE 13G
  2. Mar 27, 2026SCHEDULE 13G/A
  3. Oct 9, 2025SCHEDULE 13G
  4. Jul 29, 2025SCHEDULE 13G/A
  5. Nov 12, 2024SC 13G/A
  6. Nov 7, 2024SC 13G/A
  7. Oct 22, 2024SC 13G/A
  8. Feb 13, 2024SC 13G/A
  9. Jan 23, 2024SC 13G/A
  10. Feb 10, 2023SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.11,529,447$573.9M0.0%+391,796
Vanguard Portfolio Management LLC8,132,644$404.8M0.0%−331,756
Dimensional Fund Advisors LP7,087,531$352.8M0.1%+139,427
State Street Corp5,241,643$260.9M0.0%+108,077
Vanguard Capital Management LLC5,102,110$254.0M0.0%+30,762
Alliancebernstein L.P.3,205,864$202.5M0.1%+548,656
Wellington Management Group Llp3,995,579$198.9M0.0%−922
Adage Capital Partners Gp, L.l.c.3,181,013$158.4M0.2%+145,016
Morgan Stanley2,919,921$145.4M0.0%+749,981
American Century Companies Inc2,755,452$137.2M0.1%+539,993
Geode Capital Management, LLC2,365,794$117.8M0.0%+36,774
Aqr Capital Management LLC1,428,172$71.1M0.0%−112,160
Beck Mack & Oliver LLC1,358,125$67.6M1.3%−407
Silvercrest Asset Management Group LLC1,326,893$66.1M0.4%−72,173
Victory Capital Management Inc1,298,571$64.6M0.0%+258,251
CIBC Bancorp USA Inc.1,287,421$64.1M0.1%−79,070
Charles Schwab Investment Management Inc1,281,771$63.8M0.0%+6,065
Invesco Ltd.1,247,813$62.1M0.0%−17,745
Copeland Capital Management, LLC1,242,903$61.9M1.3%−61,548
Massachusetts Financial Services Co /ma/1,161,024$60.2M0.0%+148,457
Clearbridge Investments, LLC1,148,992$57.2M0.0%+142,667
Bank of New York Mellon Corp1,128,184$56.2M0.0%−57,862
UBS Group AG1,126,474$56.1M0.0%+520,124
Nomura Asset Management International Inc.1,114,543$55.5M0.1%−230,334
Northern Trust Corp1,033,821$51.5M0.0%+16,499

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jan 9, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseSale$15,001 - $50,000−16.1%Report
Jun 21, 2024Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+47.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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