Here are the 10-Q quarterly 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-Q covers the quarterly report filed between annual reports, 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 total revenues of $1.163 billion for the three months ended September 30, 2026, compared with $939.0 million a year earlier; total revenue includes realized and unrealized derivative gains and losses. Net income attributable to Matador shareholders was $172.1 million, versus $176.4 million. For the first nine months of 2026, total revenues were $3.021 billion versus $2.848 billion, while net income attributable to Matador shareholders was $526.9 million versus $566.7 million.
Average daily oil production for the quarter was 132,019 barrels, up 10% year over year, and average daily natural gas production was 590.7 MMcf, up 10%. Matador completed its approximately $1.16 billion acquisition of 5,154 net undeveloped acres in May. San Mateo completed the $761.0 million Cardinal acquisition on July 31, 2026. A wholly owned subsidiary completed the approximately $1.255 billion Paloma acquisition on October 1, 2026; its closing price is subject to customary post-closing adjustments.
Total debt was $4.968 billion at September 30, 2026, compared with $3.402 billion at December 31, 2025. On October 21, 2026, the board raised the future quarterly dividend to $0.4375 per share from $0.375 and declared a $0.4375 dividend payable December 4, 2026, to shareholders of record November 10, 2026.
Matador Resources Company delivered significantly stronger Q2 2026 results, with total revenues of $1.19 billion (in thousands), up 33% from Q2 2025, driven mainly by a 53% higher realized oil price and modest volume growth. Net income attributable to shareholders increased to $390.7 million, or $3.15 per diluted share, versus $150.2 million, or $1.21 per share. Adjusted EBITDA was $781.0 million, compared with $594.2 million.
Total production reached 19.6 million BOE (215,631 BOE/d), 58% oil and 42% natural gas, with Delaware Basin assets providing nearly all output. For the first half of 2026, net cash provided by operating activities was $1.41 billion, funding heavy investment, including a $1.16 billion Delaware Basin lease acquisition and total drilling and completion and other capital spending above $2.1 billion. Long‑term debt rose to $4.22 billion, reflecting a new $750 million 2034 note and higher credit facility borrowings, partly offset by full retirement of 2028 notes. The company continued shareholder returns with a $0.375 per‑share quarterly dividend and share repurchases, while its active hedge program generated a $72.5 million realized loss but an $85.5 million unrealized gain in Q2.
Matador Resources Company reported first-quarter 2026 results showing higher production but weaker financials driven largely by hedge mark-to-market losses and low natural gas prices. Total revenues were $671.6 million, down from $1.01 billion a year earlier, as an $255.5 million unrealized loss on derivatives more than offset solid oil sales.
The company produced 18.7 million BOE, up 5% year-over-year, with average daily output of 207,594 BOE, including 120,277 barrels of oil and 523.9 MMcf of natural gas. Despite this growth, Matador posted a net loss attributable to shareholders of $35.9 million, or $0.29 per diluted share, versus $240.1 million of net income in 2025, while Adjusted EBITDA declined to $577.2 million from $644.2 million.
Operating cash flow remained strong at $470.5 million, funding $496.9 million of capital spending. Matador refinanced part of its debt stack, issuing $750 million of 6.00% senior notes due 2034 and using $737.9 million of net proceeds to retire its 2028 notes and for general purposes, incurring a $15.6 million loss on extinguishment. The company maintained its $0.375 per-share quarterly dividend and executed modest share repurchases while reiterating a 2026 capital budget of $1.35–$1.44 billion for drilling and $100–$110 million for midstream.
Matador Resources Company reported third‑quarter 2025 results. Total revenues were $939.0 million, producing operating income of $306.0 million and net income of $200.6 million. Diluted earnings per share were $1.42. Oil revenues were $713.9 million and natural gas revenues were $96.3 million. Third‑party midstream services contributed $43.8 million.
Year to date, net cash provided by operating activities was $1.95 billion. Long‑term debt totaled $3.22 billion, including $285.0 million outstanding under the Credit Agreement and $815.0 million under the non‑recourse San Mateo Credit Facility; San Mateo borrowings were $760.0 million as of October 21, 2025. The borrowing base was reaffirmed at $3.25 billion in May 2025. The Board increased the quarterly dividend to $0.375 per share and declared it payable on December 5, 2025. Under the authorized $400 million share repurchase program, the company repurchased 1,232,828 shares for $50.7 million year to date at a weighted average price of $41.11. Shares outstanding were 124,270,672 as of October 21, 2025.