Matador Resources Company (MTDR) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments505,17948,13557,91640,02464,54596,505
Cash and cash equivalents505,17948,13557,91640,02464,54596,505
Restricted cash and investments      5,977
Receivables453,818241,416137,133189,413146,151141,218
Derivative instruments and hedges, assets 3,9301,9716,727 49,9291,190
Other undisclosed current assets108,90579,78359,85349,05545,06012,280
Total current assets:1,071,832371,305261,629278,492305,685257,170
Noncurrent Assets
Property, plant and equipment4,418,1973,856,6853,367,7693,699,5953,122,8641,881,456
Derivative instruments and hedges   2,570   
Other noncurrent assets64,47634,16355,31291,5896,5127,064
Other undisclosed noncurrent assets     20,457 
Total noncurrent assets:4,482,6733,890,8483,425,6513,791,1843,149,8331,888,520
TOTAL ASSETS:5,554,5054,262,1533,687,2804,069,6763,455,5182,145,690
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities320,158279,539133,140225,925237,825186,105
Accounts payable58,84826,25613,98225,23066,97011,757
Accrued liabilities261,310253,283119,158200,695170,855174,348
Debt 68537862150,963  
Derivative instruments and hedges, liabilities 16,84945,1861,897 16,429
Asset retirement obligation7562706236191,3501,176
Due to related parties32,80327,3244,93419,60613,05210,302
Other liabilities52,85728,69237,43651,8281,028750
Other undisclosed current liabilities168,614111,78568,99648,93476,76767,844
Total current liabilities:575,873464,837290,936399,772330,022282,606
Noncurrent Liabilities
Long-term debt and lease obligation465,630500,385795,8541,336,3991,077,837 
Long-term debt, excluding current maturities465,000485,000774,0001,294,4161,077,837 
Finance lease, liability 63045256524
Liabilities, other than long-term debt520,828142,34868,62180,80746,90231,465
Deferred compensation liability, classified   300100(1,100) 
Asset retirement obligations52,98541,68937,91935,59229,73625,080
Deferred tax liabilities, net13,221 
Deferred income tax liabilities428,35177,938  
Other liabilities19,96022,72130,40243,1314,9626,385
Operating lease, liability 19,53215,34021,59841,459
Derivative instruments and hedges, liabilities    1,98483 
Other undisclosed noncurrent liabilities675,0831,027,1951,018,844283,246221,100574,073
Total noncurrent liabilities:1,661,5411,669,9281,883,3191,700,4521,345,839605,538
Total liabilities:2,237,4142,134,7652,174,2552,100,2241,675,861888,144
Equity
Equity, attributable to parent3,110,7971,907,2101,286,5301,833,6541,688,8801,156,556
Common stock1,1901,1791,1691,1661,1641,085
Treasury stock, value(34)(243)(3)(26)(415)(69)
Additional paid in capital2,101,9992,077,5922,027,0691,981,0141,924,4081,666,024
Retained earnings (accumulated deficit)1,007,642(171,318)(741,705)(148,500)(236,277)(510,484)
Equity, attributable to noncontrolling interest206,294220,178226,495135,79890,777100,990
Total equity:3,317,0912,127,3881,513,0251,969,4521,779,6571,257,546
TOTAL LIABILITIES AND EQUITY:5,554,5054,262,1533,687,2804,069,6763,455,5182,145,690

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,058,0251,662,981862,126983,670899,599544,276
Revenue, net538,882
Cost of revenue(1,177,113)(768,807)(631,661)(663,516)(463,960)(314,839)
Cost of goods and services sold (95,522)    (80,352)
Gross profit:1,880,912894,174230,465320,154435,639229,437
Operating expenses(121,642)(101,098)(751,964)(84,674)(72,368)(68,596)
Operating income (loss):1,759,270793,076(521,499)235,480363,271160,841
Nonoperating expense(73,596)(77,730)(77,660)(76,966)(71,198)(30,991)
Other nonoperating income (expense)(5,121)(2,712)1,864(2,126)1,551(30,991)
Interest and debt expense(67,164)(74,687)(76,692)(73,873)(41,327)(34,565)
Other undisclosed income from continuing operations before equity method investments, income taxes   76,69273,87341,32734,565
Income (loss) from continuing operations before equity method investments, income taxes:1,618,510640,659(599,159)158,514292,073129,850
Other undisclosed income from continuing operations before income taxes67,16474,687    
Income (loss) from continuing operations before income taxes:1,685,674715,346(599,159)158,514292,073129,850
Income tax expense (benefit)(399,357)(74,710)45,599(35,532)7,6918,157
Income (loss) from continuing operations:1,286,317640,636(553,560)122,982299,764138,007
Income (loss) before gain (loss) on sale of properties:640,636(553,560)122,982299,764138,007
Other undisclosed net loss      (12,140)
Net income (loss):1,286,317640,636(553,560)122,982299,764125,867
Net loss attributable to noncontrolling interest(72,111)(55,668)(39,645)(35,205)(25,557)(12,140)
Other undisclosed net income attributable to parent      24,280
Net income (loss) available to common stockholders, diluted:1,214,206584,968(593,205)87,777274,207138,007

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,286,317640,636(553,560)122,982299,764125,867
Comprehensive income (loss):1,286,317640,636(553,560)122,982299,764125,867
Comprehensive loss, net of tax, attributable to noncontrolling interest(72,111)(55,668)(39,645)(35,205)(25,557)(12,140)
Comprehensive income (loss), net of tax, attributable to parent:1,214,206584,968(593,205)87,777274,207113,727

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.

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