Matador Resources Company (MTDR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
5400 LBJ FREEWAY DALLAS, TX 75240 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 52,662 | 505,179 | 48,135 | 57,916 | 40,024 | 64,545 | |||
| Cash and cash equivalents | 52,662 | 505,179 | 48,135 | 57,916 | 40,024 | 64,545 | |||
| Receivables | 472,954 | 453,818 | 241,416 | 137,133 | 189,413 | 146,151 | |||
| Derivative instruments and hedges, assets | 2,112 | 3,930 | 1,971 | 6,727 | 49,929 | ||||
| Other undisclosed current assets | 188,144 | 108,905 | 79,783 | 59,853 | 49,055 | 45,060 | |||
| Total current assets: | 715,872 | 1,071,832 | 371,305 | 261,629 | 278,492 | 305,685 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 6,956,441 | 4,418,197 | 3,856,685 | 3,367,769 | 3,699,595 | 3,122,864 | |||
| Long-term investments and receivables | |||||||||
| Long-term investments | |||||||||
| Derivative instruments and hedges | 558 | 2,570 | |||||||
| Other noncurrent assets | 54,125 | 64,476 | 34,163 | 55,312 | 91,589 | 6,512 | |||
| Other undisclosed noncurrent assets | 20,457 | ||||||||
| Total noncurrent assets: | 7,011,124 | 4,482,673 | 3,890,848 | 3,425,651 | 3,791,184 | 3,149,833 | |||
| TOTAL ASSETS: | 7,726,996 | 5,554,505 | 4,262,153 | 3,687,280 | 4,069,676 | 3,455,518 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 434,033 | 320,158 | 279,539 | 133,140 | 225,925 | 237,825 | |||
| Accounts payable | 68,185 | 58,848 | 26,256 | 13,982 | 25,230 | 66,970 | |||
| Accrued liabilities | 365,848 | 261,310 | 253,283 | 119,158 | 200,695 | 170,855 | |||
| Debt | 1,254 | 685 | 378 | 621 | 50,963 | ||||
| Derivative instruments and hedges, liabilities | 16,849 | 45,186 | 1,897 | ||||||
| Asset retirement obligation | 4,605 | 756 | 270 | 623 | 619 | 1,350 | |||
| Other liabilities | 40,617 | 52,857 | 28,692 | 37,436 | 51,828 | 1,028 | |||
| Due to related parties | ✕ | ✕ | 32,803 | 27,324 | 4,934 | 19,606 | 13,052 | ||
| Other undisclosed current liabilities | 204,766 | 168,614 | 111,785 | 68,996 | 48,934 | 76,767 | |||
| Total current liabilities: | 685,275 | 575,873 | 464,837 | 290,936 | 399,772 | 330,022 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,206,627 | 465,630 | 500,385 | 795,854 | 1,336,399 | 1,077,837 | |||
| Long-term debt, excluding current maturities | 2,206,627 | 465,000 | 485,000 | 774,000 | 1,294,416 | 1,077,837 | |||
| Finance lease, liability | 630 | 45 | 256 | 524 | ✕ | ||||
| Liabilities, other than long-term debt | 707,406 | 520,828 | 142,348 | 68,621 | 80,807 | 46,902 | |||
| Deferred compensation liability, classified | 300 | 100 | (1,100) | ||||||
| Asset retirement obligations | 87,485 | 52,985 | 41,689 | 37,919 | 35,592 | 29,736 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 13,221 | ||
| Deferred income tax liabilities | 581,439 | 428,351 | 77,938 | ✕ | |||||
| Other liabilities | 38,482 | 19,960 | 22,721 | 30,402 | 43,131 | 4,962 | |||
| Operating lease, liability | 19,532 | 15,340 | 21,598 | 41,459 | ✕ | ||||
| Derivative instruments and hedges, liabilities | 1,984 | 83 | |||||||
| Other undisclosed noncurrent liabilities | 675,083 | 1,027,195 | 1,018,844 | 283,246 | 221,100 | ||||
| Total noncurrent liabilities: | 2,914,033 | 1,661,541 | 1,669,928 | 1,883,319 | 1,700,452 | 1,345,839 | |||
| Total liabilities: | 3,599,308 | 2,237,414 | 2,134,765 | 2,174,255 | 2,100,224 | 1,675,861 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,910,862 | 3,110,797 | 1,907,210 | 1,286,530 | 1,833,654 | 1,688,880 | |||
| Common stock | 1,194 | 1,190 | 1,179 | 1,169 | 1,166 | 1,164 | |||
| Treasury stock, value | (45) | (34) | (243) | (3) | (26) | (415) | |||
| Additional paid in capital | 2,133,172 | 2,101,999 | 2,077,592 | 2,027,069 | 1,981,014 | 1,924,408 | |||
| Retained earnings (accumulated deficit) | 1,776,541 | 1,007,642 | (171,318) | (741,705) | (148,500) | (236,277) | |||
| Equity, attributable to noncontrolling interest | 216,826 | 206,294 | 220,178 | 226,495 | 135,798 | 90,777 | |||
| Total equity: | 4,127,688 | 3,317,091 | 2,127,388 | 1,513,025 | 1,969,452 | 1,779,657 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,726,996 | 5,554,505 | 4,262,153 | 3,687,280 | 4,069,676 | 3,455,518 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,806,785 | 3,058,025 | 1,662,981 | 862,126 | 983,670 | 899,599 | ||
| Cost of revenue | (1,476,439) | (1,177,113) | (768,807) | (631,661) | (663,516) | (463,960) | ||
| Gross profit: | 1,330,346 | 1,880,912 | 894,174 | 230,465 | 320,154 | 435,639 | ||
| Operating expenses | (121,024) | (121,642) | (101,098) | (751,964) | (84,674) | (72,368) | ||
| Operating income (loss): | 1,209,322 | 1,759,270 | 793,076 | (521,499) | 235,480 | 363,271 | ||
| Nonoperating expense | (112,937) | (73,596) | (77,730) | (77,660) | (76,966) | (71,198) | ||
| Interest and debt expense | (121,520) | (67,164) | (74,687) | (76,692) | (73,873) | (41,327) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 76,692 | 73,873 | 41,327 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 974,865 | 1,618,510 | 640,659 | (599,159) | 158,514 | 292,073 | ||
| Other undisclosed income from continuing operations before income taxes | 121,520 | 67,164 | 74,687 | |||||
| Income (loss) from continuing operations before income taxes: | 1,096,385 | 1,685,674 | 715,346 | (599,159) | 158,514 | 292,073 | ||
| Income tax expense (benefit) | (186,026) | (399,357) | (74,710) | 45,599 | (35,532) | 7,691 | ||
| Income (loss) from continuing operations: | 910,359 | 1,286,317 | 640,636 | (553,560) | 122,982 | 299,764 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 640,636 | (553,560) | 122,982 | 299,764 | |
| Net income (loss): | 910,359 | 1,286,317 | 640,636 | (553,560) | 122,982 | 299,764 | ||
| Net loss attributable to noncontrolling interest | (64,285) | (72,111) | (55,668) | (39,645) | (35,205) | (25,557) | ||
| Net income (loss) available to common stockholders, diluted: | 846,074 | 1,214,206 | 584,968 | (593,205) | 87,777 | 274,207 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 910,359 | 1,286,317 | 640,636 | (553,560) | 122,982 | 299,764 | ||
| Comprehensive income (loss): | 910,359 | 1,286,317 | 640,636 | (553,560) | 122,982 | 299,764 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (64,285) | (72,111) | (55,668) | (39,645) | (35,205) | (25,557) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 846,074 | 1,214,206 | 584,968 | (593,205) | 87,777 | 274,207 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.