$MTDR
Matador Resources Co Stock $mtdr

$mtdr Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000152000623000102 Filed on April 28, 2023

Income Statement

Concept	2023 Q2	2023 Q1
Revenue	$638.1M	$560.3M
YoY Change	-32.4%	-0.96%
Cost Of Revenue	$180.8M	$159.4M
YoY Change	-11.36%	22.36%
Gross Profit	$457.3M	$400.9M
YoY Change	-38.2%	-7.93%
Gross Profit Margin	71.67%	71.55%
Selling, General & Admin	$26.72M	$22.43M
YoY Change	9.35%	-24.55%
% of Gross Profit	5.84%	5.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$177.5M	$126.3M
YoY Change	47.9%	31.79%
% of Gross Profit	38.82%	31.51%
Operating Expenses	$205.0M	$149.5M
YoY Change	41.42%	18.5%
Operating Profit	$252.3M	$251.4M
YoY Change	-57.6%	-18.71%
Interest Expense	-$34.23M	$16.18M
YoY Change	-285.1%	-0.47%
% of Operating Profit	-13.57%	6.43%
Other Income/Expense, Net	$16.56M	-$15.84M
YoY Change	-172.54%	-4.56%
Pretax Income	$234.4M	$235.6M
YoY Change	-59.03%	-19.51%
Income Tax	$57.31M	$56.67M
% Of Pretax Income	24.45%	24.05%
Net Earnings	$164.7M	$163.1M
YoY Change	-60.39%	-21.24%
Net Earnings / Revenue	25.81%	29.12%
Basic Earnings Per Share	$1.38	$1.37
Diluted Earnings Per Share	$1.37	$1.36
COMMON SHARES
Basic Shares Outstanding	119.2M shares	119.1M shares
Diluted Shares Outstanding	119.8M shares	119.7M shares

Balance Sheet

Concept	2023 Q2	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$22.30M	$448.7M
YoY Change	-90.32%	612.25%
Cash & Equivalents	$22.30M	$448.7M
Short-Term Investments
Other Short-Term Assets	$120.5M	$124.8M
YoY Change	21.74%	33.98%
Inventory	$30.85M	$20.04M
Prepaid Expenses
Receivables	$421.7M	$178.8M
Other Receivables	$39.01M	$45.57M
Total Short-Term Assets	$634.4M	$1.006B
YoY Change	-20.79%	87.69%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.439B	$4.706B
YoY Change	56.92%	17.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$58.69M	$69.46M
YoY Change	-1.15%	96.07%
Total Long-Term Assets	$6.498B	$4.776B
YoY Change	56.09%	18.47%
TOTAL ASSETS
Total Short-Term Assets	$634.4M	$1.006B
Total Long-Term Assets	$6.498B	$4.776B
Total Assets	$7.132B	$5.782B
YoY Change	43.68%	26.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$122.7M	$45.28M
YoY Change	210.31%	33.29%
Accrued Expenses	$350.3M	$328.9M
YoY Change	54.81%	48.26%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$687.0M	$601.4M
YoY Change	12.78%	11.79%
LONG-TERM LIABILITIES
Long-Term Debt	$2.203B	$1.171B
YoY Change	66.84%	-21.86%
Other Long-Term Liabilities	$79.80M	$16.97M
YoY Change	331.39%	0.67%
Total Long-Term Liabilities	$2.283B	$1.725B
YoY Change	41.54%	1.95%
TOTAL LIABILITIES
Total Short-Term Liabilities	$687.0M	$601.4M
Total Long-Term Liabilities	$2.283B	$1.725B
Total Liabilities	$3.729B	$2.326B
YoY Change	67.86%	4.32%
SHAREHOLDERS EQUITY
Retained Earnings	$1.300B	$1.153B
YoY Change	195.55%	3751.05%
Common Stock	$1.192M	$1.192M
YoY Change	0.85%	0.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$5.076M	$1.270M
YoY Change	115.45%	311.0%
Treasury Stock Shares
Shareholders Equity	$3.403B	$3.253B
YoY Change
Total Liabilities & Shareholders Equity	$7.132B	$5.782B
YoY Change	43.68%	26.6%

Cashflow Statement

Concept	2023 Q2	2023 Q1
OPERATING ACTIVITIES
Net Income	$164.7M	$163.1M
YoY Change	-60.39%	-21.24%
Depreciation, Depletion And Amortization	$177.5M	$126.3M
YoY Change	47.9%	31.79%
Cash From Operating Activities	$449.0M	$339.5M
YoY Change	-30.53%	3.21%
INVESTING ACTIVITIES
Capital Expenditures	$334.8M	$240.1M
YoY Change	-268.72%	-209.09%
Acquisitions
YoY Change
Other Investing Activities	-$1.560B	-$103.4M
YoY Change	2108.16%	224.68%
Cash From Investing Activities	-$1.895B	-$343.5M
YoY Change	604.28%	36.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.009B	-$39.94M
YoY Change	-569.0%	-8.87%
NET CHANGE
Cash From Operating Activities	449.0M	$339.5M
Cash From Investing Activities	-1.895B	-$343.5M
Cash From Financing Activities	1.009B	-$39.94M
Net Change In Cash	-437.6M	-$43.90M
YoY Change	-369.91%	-232.09%
FREE CASH FLOW
Cash From Operating Activities	$449.0M	$339.5M
Capital Expenditures	$334.8M	$240.1M
Free Cash Flow	$114.2M	$99.45M
YoY Change	-86.48%	-81.89%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001520006
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	us-gaap	Derivative Liability Type Extensible List DerivativeLiabilityTypeExtensibleList	http://www.matadorresources.com/20230331#OpenBasisSwapContractsMember
CY2023Q1	us-gaap	Derivative Liability Statement Of Financial Position Extensible Enumeration DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
CY2022Q4	us-gaap	Derivative Asset Statement Of Financial Position Extensible Enumeration DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#DerivativeAssetsCurrent
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	001-35410
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	Matador Resources Company
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	TX
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	27-4662601
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	5400 LBJ Freeway,
CY2023Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 1500
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Dallas,
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	75240
CY2023Q1	dei	City Area Code CityAreaCode	972
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	371-5200
CY2023Q1	dei	Security12b Title Security12bTitle	Common Stock, par value $0.01 per share
CY2023Q1	dei	Trading Symbol TradingSymbol	MTDR
CY2023Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	119184414	shares
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	448723000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	505179000	usd
CY2023Q1	us-gaap	Restricted Cash RestrictedCash	54705000	usd
CY2022Q4	us-gaap	Restricted Cash RestrictedCash	42151000	usd
CY2023Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	178846000	usd
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CY2023Q1	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	188498000	usd
CY2022Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	180947000	usd
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CY2023Q1	us-gaap	Other Inventory Net Of Reserves OtherInventoryNetOfReserves	20039000	usd
CY2022Q4	us-gaap	Other Inventory Net Of Reserves OtherInventoryNetOfReserves	15184000	usd
CY2023Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	70115000	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	51570000	usd
CY2023Q1	us-gaap	Assets Current AssetsCurrent	1006494000	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	1071832000	usd
CY2023Q1	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	7168997000	usd
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CY2023Q1	us-gaap	Capitalized Costs Unproved Properties CapitalizedCostsUnprovedProperties	1069330000	usd
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CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4512275000	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4706156000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4418197000	usd
CY2023Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	69455000	usd
CY2022Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	64476000	usd
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CY2023Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	328909000	usd
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CY2023Q1	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	118074000	usd
CY2022Q4	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	117698000	usd
CY2023Q1	mtdr	Amounts Due To Affiliates AmountsDueToAffiliates	12215000	usd
CY2022Q4	mtdr	Amounts Due To Affiliates AmountsDueToAffiliates	32803000	usd
CY2023Q1	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	3136000	usd
CY2022Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	0	usd
CY2023Q1	mtdr	Advances From Joint Interest Owners For Costs Incurred On Joint Interest Wells AdvancesFromJointInterestOwnersForCostsIncurredOnJointInterestWells	42552000	usd
CY2022Q4	mtdr	Advances From Joint Interest Owners For Costs Incurred On Joint Interest Wells AdvancesFromJointInterestOwnersForCostsIncurredOnJointInterestWells	52357000	usd
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CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	601372000	usd
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CY2023Q1	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	0	usd
CY2022Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	0	usd
CY2023Q1	us-gaap	Secured Long Term Debt SecuredLongTermDebt	475000000	usd
CY2022Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	465000000	usd
CY2023Q1	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	695515000	usd
CY2022Q4	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	695245000	usd
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CY2022Q1	mtdr	Production Taxes And Marketing ProductionTaxesAndMarketing	59819000	usd
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CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.37
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CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	119034000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	117951000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	119702000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	119814000	shares
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3317091000	usd
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CY2023Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	17768000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Employee Benefit Plan StockIssuedDuringPeriodValueEmployeeBenefitPlan	-17590000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	3894000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	12000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	1236000	usd
CY2023Q1	mtdr	Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax	3100000	usd
CY2023Q1	mtdr	Adjustments To Additional Paid In Capital Formation Of Joint Venture AdjustmentsToAdditionalPaidInCapitalFormationOfJointVenture	11613000	usd
CY2023Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	19110000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	178924000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3455830000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2127388000	usd
CY2022Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.05
CY2022Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	5866000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Employee Benefit Plan StockIssuedDuringPeriodValueEmployeeBenefitPlan	-11534000	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	4344000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	-585000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	66000	usd
CY2022Q1	mtdr	Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax	4800000	usd
CY2022Q1	mtdr	Adjustments To Additional Paid In Capital Formation Of Joint Venture AdjustmentsToAdditionalPaidInCapitalFormationOfJointVenture	17973000	usd
CY2022Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	18375000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	224185000	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2337464000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	178924000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	224185000	usd
CY2023Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-7067000	usd
CY2022Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-75029000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	126325000	usd
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	95853000	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	699000	usd
CY2022Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	543000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2290000	usd
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3014000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	51743000	usd
CY2022Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	53119000	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	838000	usd
CY2022Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	943000	usd
CY2023Q1	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	0	usd
CY2022Q1	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	-198000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-40906000	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	125345000	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	4423000	usd
CY2022Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	78000	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	16517000	usd
CY2022Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	7796000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-35000	usd
CY2022Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-97000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-39871000	usd
CY2022Q1	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-5668000	usd
CY2023Q1	us-gaap	Increase Decrease In Royalties Payable IncreaseDecreaseInRoyaltiesPayable	376000	usd
CY2022Q1	us-gaap	Increase Decrease In Royalties Payable IncreaseDecreaseInRoyaltiesPayable	8311000	usd
CY2023Q1	mtdr	Increase Decrease In Payments Made In Advance By Joint Interest Partners In Oil And Gas Properties IncreaseDecreaseInPaymentsMadeInAdvanceByJointInterestPartnersInOilAndGasProperties	9805000	usd
CY2022Q1	mtdr	Increase Decrease In Payments Made In Advance By Joint Interest Partners In Oil And Gas Properties IncreaseDecreaseInPaymentsMadeInAdvanceByJointInterestPartnersInOilAndGasProperties	1331000	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	723000	usd
CY2022Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	15409000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Deferred Liability IncreaseDecreaseInOtherDeferredLiability	190000	usd
CY2022Q1	us-gaap	Increase Decrease In Other Deferred Liability IncreaseDecreaseInOtherDeferredLiability	-7529000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	339500000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	328954000	usd
CY2023Q1	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	224144000	usd
CY2022Q1	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	207829000	usd
CY2023Q1	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	103863000	usd
CY2022Q1	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	43761000	usd
CY2023Q1	mtdr	Payments To Acquire Midstream Capital Expenditures PaymentsToAcquireMidstreamCapitalExpenditures	14141000	usd
CY2022Q1	mtdr	Payments To Acquire Midstream Capital Expenditures PaymentsToAcquireMidstreamCapitalExpenditures	11992000	usd
CY2023Q1	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	1769000	usd
CY2022Q1	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	225000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	451000	usd
CY2022Q1	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	11911000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-343466000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-251896000	usd
CY2023Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	usd
CY2022Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	210000000	usd
CY2023Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	usd
CY2022Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	160000000	usd
CY2023Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	55000000	usd
CY2022Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	30000000	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	65000000	usd
CY2022Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	50000000	usd
CY2023Q1	us-gaap	Payments Of Debt Restructuring Costs PaymentsOfDebtRestructuringCosts	8645000	usd
CY2022Q1	us-gaap	Payments Of Debt Restructuring Costs PaymentsOfDebtRestructuringCosts	0	usd
CY2023Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	17768000	usd
CY2022Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5866000	usd
CY2023Q1	mtdr	Capital Contributed To Corporate Joint Ventures CapitalContributedToCorporateJointVentures	14700000	usd
CY2022Q1	mtdr	Capital Contributed To Corporate Joint Ventures CapitalContributedToCorporateJointVentures	22750000	usd
CY2023Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	19110000	usd
CY2022Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	18375000	usd
CY2023Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	18909000	usd
CY2022Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	12184000	usd
CY2023Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-204000	usd
CY2022Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-146000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-39936000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-43821000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-43902000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	33237000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	547330000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	86920000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	503428000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	120157000	usd
CY2023Q1	us-gaap	Nature Of Operations NatureOfOperations	NATURE OF OPERATIONSMatador Resources Company, a Texas corporation (“Matador” and, collectively with its subsidiaries, the “Company”), is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Company also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, the Company conducts midstream operations in support of the Company’s exploration, development and production operations and provides natural gas processing, oil transportation services, oil, natural gas and produced water gathering services and produced water disposal services to third parties.
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	563674000	usd
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	663160000	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	3669000	usd
CY2022Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-22439000	usd
CY2023Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-7067000	usd
CY2022Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-75029000	usd
CY2023Q1	us-gaap	Revenues Revenues	560276000	usd
CY2022Q1	us-gaap	Revenues Revenues	565692000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	563674000	usd
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	663160000	usd
CY2023Q1	mtdr	Discounting Rate Present Value Of Future Revenue From Proved Oil And Gas Reserves DiscountingRatePresentValueOfFutureRevenueFromProvedOilAndGasReserves	0.10
CY2023Q1	us-gaap	Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense	0	usd
CY2023Q1	us-gaap	Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense	0	usd
CY2023Q1	mtdr	Capitalized General And Administrative Costs CapitalizedGeneralAndAdministrativeCosts	12600000	usd
CY2022Q1	mtdr	Capitalized General And Administrative Costs CapitalizedGeneralAndAdministrativeCosts	13200000	usd
CY2023Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	3400000	usd
CY2022Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	3500000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	51700000	usd
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	119034000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	117951000	shares
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	668000	shares
CY2022Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1863000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	119702000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	119814000	shares
CY2022Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	15400000	usd
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	53741000	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	1425000	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	189000	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	-100000	usd
CY2023Q1	mtdr	Asset Retirement Obligation Divestitures AssetRetirementObligationDivestitures	625000	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	699000	usd
CY2023Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	54951000	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	711000	usd
CY2023Q1	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	54240000	usd
CY2023Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	4900000	usd
CY2022Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	53100000	usd
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	26
CY2022Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.25
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.15
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.15
CY2023Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	17800000	usd
CY2023Q1	us-gaap	Derivative Assets Liabilities At Fair Value Net DerivativeAssetsLiabilitiesAtFairValueNet	-3136000	usd
CY2023Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	3136000	usd
CY2023Q1	us-gaap	Derivative Liability Fair Value Gross Asset DerivativeLiabilityFairValueGrossAsset	0	usd
CY2023Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	3136000	usd
CY2023Q1	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-3136000	usd
CY2023Q1	mtdr	Derivative Asset Liability Subject To Master Netting Arrangement DerivativeAssetLiabilitySubjectToMasterNettingArrangement	0	usd
CY2023Q1	mtdr	Derivative Asset Liability Net DerivativeAssetLiabilityNet	-3136000	usd
CY2022Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	3931000	usd
CY2022Q4	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	0	usd
CY2022Q4	us-gaap	Derivative Assets DerivativeAssets	3931000	usd
CY2022Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	3931000	usd
CY2022Q4	mtdr	Derivative Asset Liability Subject To Master Netting Arrangement DerivativeAssetLiabilitySubjectToMasterNettingArrangement	0	usd
CY2022Q4	mtdr	Derivative Asset Liability Net DerivativeAssetLiabilityNet	3931000	usd
CY2023Q1	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-3398000	usd
CY2022Q1	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-97468000	usd
CY2023Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	328909000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	261310000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	26228000	usd
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	31650000	usd
CY2023Q1	mtdr	Increase Decrease In Liabilities For Oil And Natural Gas Properties IncreaseDecreaseInLiabilitiesForOilAndNaturalGasProperties	69593000	usd
CY2022Q1	mtdr	Increase Decrease In Liabilities For Oil And Natural Gas Properties IncreaseDecreaseInLiabilitiesForOilAndNaturalGasProperties	-10969000	usd
CY2023Q1	mtdr	Increase Decrease In Liabilities For Acquisition Of Oil And Natural Gas Properties IncreaseDecreaseInLiabilitiesForAcquisitionOfOilAndNaturalGasProperties	-121000	usd
CY2022Q1	mtdr	Increase Decrease In Liabilities For Acquisition Of Oil And Natural Gas Properties IncreaseDecreaseInLiabilitiesForAcquisitionOfOilAndNaturalGasProperties	-2689000	usd
CY2023Q1	mtdr	Increase Decrease In Liabilities For Support Equipment And Facilities IncreaseDecreaseInLiabilitiesForSupportEquipmentAndFacilities	-1099000	usd
CY2022Q1	mtdr	Increase Decrease In Liabilities For Support Equipment And Facilities IncreaseDecreaseInLiabilitiesForSupportEquipmentAndFacilities	7098000	usd
CY2023Q1	mtdr	Stock Based Compensation Expense Benefit Recognized As Liability StockBasedCompensationExpenseBenefitRecognizedAsLiability	1026000	usd
CY2022Q1	mtdr	Stock Based Compensation Expense Benefit Recognized As Liability StockBasedCompensationExpenseBenefitRecognizedAsLiability	13612000	usd
CY2023Q1	mtdr	Transfer Of Inventory From To Oil And Natural Gas Properties TransferOfInventoryFromToOilAndNaturalGasProperties	433000	usd
CY2022Q1	mtdr	Transfer Of Inventory From To Oil And Natural Gas Properties TransferOfInventoryFromToOilAndNaturalGasProperties	-190000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	448723000	usd
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	63001000	usd
CY2023Q1	us-gaap	Restricted Cash RestrictedCash	54705000	usd
CY2022Q1	us-gaap	Restricted Cash RestrictedCash	57156000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	503428000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	120157000	usd
CY2023Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2023Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	3669000	usd
CY2023Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-7067000	usd
CY2023Q1	us-gaap	Costs And Expenses CostsAndExpenses	308843000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	251433000	usd
CY2023Q1	us-gaap	Assets Assets	5782105000	usd
CY2023Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	333554000	usd
CY2022Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-22439000	usd
CY2022Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-75029000	usd
CY2022Q1	us-gaap	Costs And Expenses CostsAndExpenses	256385000	usd
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	309307000	usd
CY2022Q1	us-gaap	Assets Assets	4567328000	usd
CY2022Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	259154000	usd

Files In Submission

Name	View Source	Status
mtdr-20230331_lab.xml	Edgar Link	unprocessable
0001520006-23-000102-index-headers.html	Edgar Link	pending
0001520006-23-000102-index.html	Edgar Link	pending
0001520006-23-000102.txt	Edgar Link	pending
0001520006-23-000102-xbrl.zip	Edgar Link	pending
a20230331mtdr10qex102.htm	Edgar Link	pending
a20230331mtdr10qex221.htm	Edgar Link	pending
a20230331mtdr10qex311.htm	Edgar Link	pending
a20230331mtdr10qex312.htm	Edgar Link	pending
a20230331mtdr10qex321.htm	Edgar Link	pending
a20230331mtdr10qex322.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
mtdr-20230331.htm	Edgar Link	pending
mtdr-20230331.xsd	Edgar Link	pending
R1.htm	Edgar Link	pending
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$MTDR
Matador Resources Co Stock $mtdr

2023 Q2 Form 10-Q Financial Statement

#000152000623000102 Filed on April 28, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTDR Matador Resources Co Stock $mtdr

2023 Q2 Form 10-Q Financial Statement

#000152000623000102 Filed on April 28, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTDR
Matador Resources Co Stock $mtdr