Here are the 10-K annual reports from Matador Resources Company (MTDR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MTDR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MTDR filings page.
Matador Resources Company reported strong 2025 operational growth driven by its Delaware Basin focus. Total production rose 21% to 75.6 million BOE, including 43.7 million barrels of oil and 191.3 Bcf of natural gas, as large-scale pad development and longer laterals improved capital efficiency.
Estimated proved reserves increased 9% to 667.0 million BOE at December 31, 2025, though the Standardized Measure fell to $6.99 billion and PV‑10 to $8.24 billion, mainly from lower benchmark oil prices. Proved reserves remain 56% oil and 61% developed.
The midstream business expanded meaningfully, with San Mateo’s cryogenic natural gas processing capacity reaching 720 MMcf per day and gathering volumes up 21%. Matador generated free cash flow in all four quarters, raised its quarterly dividend to $0.375 per share, repurchased 1.35 million shares for $55.8 million and received a Fitch rating upgrade to BB, while continuing to cut emissions and increase recycled water use.