$MTDR
Matador Resources Co

2023 Q4 Form 10-Q Financial Statement

#000152000623000195 Filed on October 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $836.1M $772.3M
YoY Change 18.19% -8.16%
Cost Of Revenue $219.7M $206.5M
YoY Change 30.04% -1.93%
Gross Profit $616.4M $565.8M
YoY Change 14.47% -10.24%
Gross Profit Margin 73.72% 73.26%
Selling, General & Admin $29.49M $31.70M
YoY Change -14.55% 15.07%
% of Gross Profit 4.78% 5.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $220.1M $192.8M
YoY Change 67.21% 62.19%
% of Gross Profit 35.7% 34.07%
Operating Expenses $250.8M $225.8M
YoY Change 50.35% 53.5%
Operating Profit $365.6M $340.0M
YoY Change -1.64% -29.64%
Interest Expense -$35.71M $35.41M
YoY Change 117.41% -321.36%
% of Operating Profit -9.77% 10.41%
Other Income/Expense, Net $3.496M -$47.02M
YoY Change -243.34% -2706.54%
Pretax Income $333.4M $293.0M
YoY Change -5.51% -37.39%
Income Tax $57.46M $14.59M
% Of Pretax Income 17.23% 4.98%
Net Earnings $254.5M $263.7M
YoY Change 0.29% -21.87%
Net Earnings / Revenue 30.44% 34.15%
Basic Earnings Per Share $2.21
Diluted Earnings Per Share $2.13 $2.20
COMMON SHARES
Basic Shares Outstanding 119.1M shares 119.1M shares
Diluted Shares Outstanding 120.1M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.66M $25.90M
YoY Change -89.58% -93.53%
Cash & Equivalents $52.66M $25.94M
Short-Term Investments
Other Short-Term Assets $148.4M $123.0M
YoY Change 52.02% 30.9%
Inventory $41.81M $35.50M
Prepaid Expenses
Receivables $274.2M $289.3M
Other Receivables $35.10M $49.35M
Total Short-Term Assets $715.9M $711.4M
YoY Change -33.21% -23.25%
LONG-TERM ASSETS
Property, Plant & Equipment $6.956B $6.676B
YoY Change 57.45% 54.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $54.13M $51.85M
YoY Change -16.05% -13.57%
Total Long-Term Assets $7.011B $6.728B
YoY Change 56.4% 53.66%
TOTAL ASSETS
Total Short-Term Assets $715.9M $711.4M
Total Long-Term Assets $7.011B $6.728B
Total Assets $7.727B $7.439B
YoY Change 39.11% 40.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.19M $81.44M
YoY Change 15.87% -7.56%
Accrued Expenses $365.8M $367.2M
YoY Change 40.01% 19.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.254M
YoY Change 83.07%
Total Short-Term Liabilities $685.3M $722.3M
YoY Change 19.0% 15.54%
LONG-TERM LIABILITIES
Long-Term Debt $2.207B $2.189B
YoY Change 90.16% 83.48%
Other Long-Term Liabilities $38.48M $12.71M
YoY Change 92.8% -82.42%
Total Long-Term Liabilities $2.914B $2.842B
YoY Change 75.38% 124.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $685.3M $722.3M
Total Long-Term Liabilities $2.914B $2.842B
Total Liabilities $3.599B $3.564B
YoY Change 60.87% 45.68%
SHAREHOLDERS EQUITY
Retained Earnings $1.777B $1.546B
YoY Change 76.31% 101.89%
Common Stock $1.194M $1.192M
YoY Change 0.34% 0.76%
Preferred Stock
YoY Change
Treasury Stock (at cost) $45.00K $5.076M
YoY Change 32.35% 96.36%
Treasury Stock Shares
Shareholders Equity $3.911B $3.663B
YoY Change
Total Liabilities & Shareholders Equity $7.727B $7.439B
YoY Change 39.11% 40.23%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $254.5M $263.7M
YoY Change 0.29% -21.87%
Depreciation, Depletion And Amortization $220.1M $192.8M
YoY Change 67.21% 62.19%
Cash From Operating Activities $618.3M $461.0M
YoY Change 38.48% -17.23%
INVESTING ACTIVITIES
Capital Expenditures $428.1M $359.1M
YoY Change 67.53% -300.54%
Acquisitions
YoY Change
Other Investing Activities -$120.8M -$64.40M
YoY Change 480.02% 5.49%
Cash From Investing Activities -$548.9M -$423.6M
YoY Change 98.61% 76.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.36M -41.00M
YoY Change -60.72% -73.95%
NET CHANGE
Cash From Operating Activities 618.3M 461.0M
Cash From Investing Activities -548.9M -423.6M
Cash From Financing Activities -25.36M -41.00M
Net Change In Cash 44.12M -3.600M
YoY Change -58.22% -102.26%
FREE CASH FLOW
Cash From Operating Activities $618.3M $461.0M
Capital Expenditures $428.1M $359.1M
Free Cash Flow $190.2M $101.9M
YoY Change -0.39% -86.16%

Facts In Submission

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120081000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119850000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120045000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119867000 shares
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3317091000 usd
CY2023Q3 mtdr Stock Issued During Period Value Employee Benefit Plan Net Of Subsequent Vesting
StockIssuedDuringPeriodValueEmployeeBenefitPlanNetOfSubsequentVesting
43000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
6751000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5000 usd
CY2023Q3 mtdr Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax
AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax
1900000 usd
CY2023Q3 mtdr Adjustments To Additional Paid In Capital Formation Of Joint Venture
AdjustmentsToAdditionalPaidInCapitalFormationOfJointVenture
7110000 usd
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
16660000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
278399000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3875298000 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 mtdr Stock Issued During Period Value Employee Benefit Plan Net Of Subsequent Vesting
StockIssuedDuringPeriodValueEmployeeBenefitPlanNetOfSubsequentVesting
-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 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
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5878000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
5383000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-2606000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
2047000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
26460000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
436195000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2742051000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2742051000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
11750000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
5222000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-1174000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
229000 usd
CY2022Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
22540000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
354028000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3065608000 usd
us-gaap Profit Loss
ProfitLoss
634418000 usd
us-gaap Profit Loss
ProfitLoss
1014408000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-8244000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1502000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
496633000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
334747000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2709000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1739000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10777000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10887000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
119609000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
266489000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4996000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-682000 usd
mtdr Other Non Cash Charges
OtherNonCashCharges
-14000 usd
mtdr Other Non Cash Charges
OtherNonCashCharges
-1311000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3424000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
170101000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10223000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1732000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
41817000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
21886000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1269000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-257000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
18691000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
51078000 usd
us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
22655000 usd
us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
40014000 usd
mtdr Increase Decrease In Payments Made In Advance By Joint Interest Partners In Oil And Gas Properties
IncreaseDecreaseInPaymentsMadeInAdvanceByJointInterestPartnersInOilAndGasProperties
30941000 usd
mtdr Increase Decrease In Payments Made In Advance By Joint Interest Partners In Oil And Gas Properties
IncreaseDecreaseInPaymentsMadeInAdvanceByJointInterestPartnersInOilAndGasProperties
-8919000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
8873000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
3439000 usd
us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
150000 usd
us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
-8173000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1249481000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1532216000 usd
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
855468000 usd
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
545453000 usd
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
120586000 usd
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
134255000 usd
mtdr Payments To Acquire Midstream Capital Expenditures
PaymentsToAcquireMidstreamCapitalExpenditures
75609000 usd
mtdr Payments To Acquire Midstream Capital Expenditures
PaymentsToAcquireMidstreamCapitalExpenditures
51413000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
2964000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
690000 usd
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
730000 usd
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
46507000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2662324000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-761120000 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
283960000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2622000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
300000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3152000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
200000000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
140000000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
120000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
150000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
175000000 usd
us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
8645000 usd
us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
506000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
494800000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
mtdr Payments For Issuance Of Unsecured Debt
PaymentsForIssuanceOfUnsecuredDebt
8503000 usd
mtdr Payments For Issuance Of Unsecured Debt
PaymentsForIssuanceOfUnsecuredDebt
0 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
53465000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
23494000 usd
mtdr Capital Contributed To Corporate Joint Ventures
CapitalContributedToCorporateJointVentures
23700000 usd
mtdr Capital Contributed To Corporate Joint Ventures
CapitalContributedToCorporateJointVentures
22750000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
24500000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
61103000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
67375000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
22833000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
18264000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-764000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-447000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
927687000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-416296000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-485156000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
354800000 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62174000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
441720000 usd
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.
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
771787000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
854094000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1985351000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2491917000 usd
CY2023Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-6975000 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-56263000 usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-6454000 usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-139865000 usd
CY2023Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
7482000 usd
CY2022Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
43097000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-8244000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1502000 usd
CY2023Q3 us-gaap Revenues
Revenues
772294000 usd
CY2022Q3 us-gaap Revenues
Revenues
840928000 usd
us-gaap Revenues
Revenues
1970653000 usd
us-gaap Revenues
Revenues
2350550000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
771787000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
854094000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1985351000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2491917000 usd
mtdr Discounting Rate Present Value Of Future Revenue From Proved Oil And Gas Reserves
DiscountingRatePresentValueOfFutureRevenueFromProvedOilAndGasReserves
0.10
us-gaap Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense
UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense
0 usd
us-gaap Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense
UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense
0 usd
CY2023Q3 us-gaap Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense
UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense
0 usd
CY2022Q3 us-gaap Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense
UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense
0 usd
CY2023Q3 mtdr Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
14400000 usd
CY2022Q3 mtdr Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
11400000 usd
mtdr Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
41400000 usd
mtdr Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
35000000 usd
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7400000 usd
CY2022Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3000000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
16100000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7400000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119147000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118136000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119121000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118063000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
934000 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1714000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
924000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1804000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120081000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119850000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120045000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119867000 shares
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
53741000 usd
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
5466000 usd
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1161000 usd
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
21795000 usd
mtdr Asset Acquisition Acquisitions During Period
AssetAcquisitionAcquisitionsDuringPeriod
8326000 usd
mtdr Asset Retirement Obligation Divestitures
AssetRetirementObligationDivestitures
872000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2709000 usd
CY2023Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
90004000 usd
CY2023Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2788000 usd
CY2023Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
87216000 usd
CY2023Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9000000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9000000 usd
CY2023Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5600000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
119600000 usd
CY2022Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
300000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
51900000 usd
CY2022Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
113700000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
266500000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.05
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.18
CY2023Q3 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
65100000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25
CY2023Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
28000000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17800000 usd
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17900000 usd
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17800000 usd
CY2023Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-4314000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
4314000 usd
CY2023Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2023Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
4314000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-4314000 usd
CY2023Q3 mtdr Derivative Asset Liability Subject To Master Netting Arrangement
DerivativeAssetLiabilitySubjectToMasterNettingArrangement
0 usd
CY2023Q3 mtdr Derivative Asset Liability Net
DerivativeAssetLiabilityNet
-4314000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3930000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
3930000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
3930000 usd
CY2022Q4 mtdr Derivative Asset Liability Subject To Master Netting Arrangement
DerivativeAssetLiabilitySubjectToMasterNettingArrangement
0 usd
CY2022Q4 mtdr Derivative Asset Liability Net
DerivativeAssetLiabilityNet
3930000 usd
CY2023Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
507000 usd
CY2022Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-13166000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-14698000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-141367000 usd
CY2023Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
305701000 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-56263000 usd
CY2022Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
43097000 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
367200000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
261310000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1677000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
48500000 usd
us-gaap Interest Paid Net
InterestPaidNet
77396000 usd
us-gaap Interest Paid Net
InterestPaidNet
66922000 usd
mtdr Increase Decrease In Liabilities For Oil And Natural Gas Properties
IncreaseDecreaseInLiabilitiesForOilAndNaturalGasProperties
63299000 usd
mtdr Increase Decrease In Liabilities For Oil And Natural Gas Properties
IncreaseDecreaseInLiabilitiesForOilAndNaturalGasProperties
25715000 usd
mtdr Increase Decrease In Liabilities For Acquisition Of Oil And Natural Gas Properties
IncreaseDecreaseInLiabilitiesForAcquisitionOfOilAndNaturalGasProperties
360000 usd
mtdr Increase Decrease In Liabilities For Acquisition Of Oil And Natural Gas Properties
IncreaseDecreaseInLiabilitiesForAcquisitionOfOilAndNaturalGasProperties
-2897000 usd
mtdr Increase Decrease In Liabilities For Support Equipment And Facilities
IncreaseDecreaseInLiabilitiesForSupportEquipmentAndFacilities
11556000 usd
mtdr Increase Decrease In Liabilities For Support Equipment And Facilities
IncreaseDecreaseInLiabilitiesForSupportEquipmentAndFacilities
13214000 usd
mtdr Stock Based Compensation Expense Benefit Recognized As Liability
StockBasedCompensationExpenseBenefitRecognizedAsLiability
8557000 usd
mtdr Stock Based Compensation Expense Benefit Recognized As Liability
StockBasedCompensationExpenseBenefitRecognizedAsLiability
22962000 usd
mtdr Transfer Of Inventory From To Oil And Natural Gas Properties
TransferOfInventoryFromToOilAndNaturalGasProperties
550000 usd
mtdr Transfer Of Inventory From To Oil And Natural Gas Properties
TransferOfInventoryFromToOilAndNaturalGasProperties
467000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25935000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
400484000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
36239000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
41236000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62174000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
441720000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-6975000 usd
CY2023Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
7482000 usd
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
432284000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
340010000 usd
CY2023Q3 us-gaap Assets
Assets
7439163000 usd
CY2022Q3 us-gaap Costs And Expenses
CostsAndExpenses
357654000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
483274000 usd
CY2022Q3 us-gaap Assets
Assets
5305150000 usd
CY2022Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
330757000 usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-6454000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-8244000 usd
us-gaap Costs And Expenses
CostsAndExpenses
1126942000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
843711000 usd
CY2023Q3 us-gaap Assets
Assets
7439163000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2619772000 usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-139865000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1502000 usd
us-gaap Costs And Expenses
CostsAndExpenses
962980000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1387570000 usd
CY2022Q3 us-gaap Assets
Assets
5305150000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
854652000 usd
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
mtdr-20230930_cal.xml Edgar Link unprocessable
0001520006-23-000195-index-headers.html Edgar Link pending
0001520006-23-000195-index.html Edgar Link pending
0001520006-23-000195.txt Edgar Link pending
0001520006-23-000195-xbrl.zip Edgar Link pending
a20230930mtdr10qex221.htm Edgar Link pending
a20230930mtdr10qex311.htm Edgar Link pending
a20230930mtdr10qex312.htm Edgar Link pending
a20230930mtdr10qex321.htm Edgar Link pending
a20230930mtdr10qex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
mtdr-20230930_def.xml Edgar Link unprocessable
mtdr-20230930_lab.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mtdr-20230930.htm Edgar Link pending
mtdr-20230930.xsd Edgar Link pending
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mtdr-20230930_pre.xml Edgar Link unprocessable
mtdr-20230930_htm.xml Edgar Link completed
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report.css Edgar Link pending
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