2024 Q1 Form 10-K Financial Statement

#000152000624000078 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $787.7M $836.1M $2.807B
YoY Change 40.59% 18.19% -8.22%
Cost Of Revenue $225.5M $219.7M $128.9M
YoY Change 41.48% 30.04% 34.95%
Gross Profit $562.2M $616.4M $2.678B
YoY Change 40.24% 14.47% -9.61%
Gross Profit Margin 71.37% 73.72% 95.41%
Selling, General & Admin $29.65M $29.49M $169.2M
YoY Change 32.18% -14.55% 9.68%
% of Gross Profit 5.27% 4.78% 6.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $212.3M $220.1M $716.7M
YoY Change 68.07% 67.21% 53.68%
% of Gross Profit 37.76% 35.7% 26.76%
Operating Expenses $243.2M $250.8M $889.8M
YoY Change 62.75% 50.35% 43.89%
Operating Profit $319.0M $365.6M $1.209B
YoY Change 26.85% -1.64% -31.26%
Interest Expense -$39.56M -$35.71M $121.5M
YoY Change -344.57% 117.41% 80.93%
% of Operating Profit -12.4% -9.77% 10.05%
Other Income/Expense, Net $577.0K $3.496M -$112.9M
YoY Change -103.64% -243.34% 53.46%
Pretax Income $280.0M $333.4M $1.096B
YoY Change 18.83% -5.51% -34.96%
Income Tax $66.78M $57.46M $186.0M
% Of Pretax Income 23.85% 17.23% 16.97%
Net Earnings $193.7M $254.5M $846.1M
YoY Change 18.76% 0.29% -30.32%
Net Earnings / Revenue 24.59% 30.44% 30.14%
Basic Earnings Per Share $1.62 $7.10
Diluted Earnings Per Share $1.61 $2.13 $7.05
COMMON SHARES
Basic Shares Outstanding 119.5M shares 119.1M shares 119.1M shares
Diluted Shares Outstanding 120.3M shares 120.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.21M $52.66M $52.66M
YoY Change -94.83% -89.58% -89.58%
Cash & Equivalents $23.21M $52.66M
Short-Term Investments
Other Short-Term Assets $162.5M $148.4M $148.4M
YoY Change 30.21% 52.02% 52.02%
Inventory $39.93M $41.81M $41.81M
Prepaid Expenses
Receivables $485.7M $274.2M $437.9M
Other Receivables $42.78M $35.10M $35.10M
Total Short-Term Assets $754.1M $715.9M $715.9M
YoY Change -25.07% -33.21% -33.21%
LONG-TERM ASSETS
Property, Plant & Equipment $7.379B $6.956B $6.956B
YoY Change 56.79% 57.45% 57.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $94.34M $54.13M $54.68M
YoY Change 35.83% -16.05% -15.19%
Total Long-Term Assets $7.473B $7.011B $7.011B
YoY Change 56.49% 56.4% 56.4%
TOTAL ASSETS
Total Short-Term Assets $754.1M $715.9M $715.9M
Total Long-Term Assets $7.473B $7.011B $7.011B
Total Assets $8.227B $7.727B $7.727B
YoY Change 42.29% 39.11% 39.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $159.5M $68.19M $88.14M
YoY Change 252.33% 15.87% -20.74%
Accrued Expenses $419.8M $365.8M $402.8M
YoY Change 27.63% 40.01% 31.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.254M $1.254M
YoY Change 83.07% 83.07%
Total Short-Term Liabilities $851.3M $685.3M $685.3M
YoY Change 41.57% 19.0% 19.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.972B $2.207B $2.207B
YoY Change 68.44% 90.16% 90.16%
Other Long-Term Liabilities $142.6M $38.48M $125.1M
YoY Change 740.27% 92.8% 72.99%
Total Long-Term Liabilities $2.114B $2.914B $2.333B
YoY Change 22.57% 75.38% 89.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $851.3M $685.3M $685.3M
Total Long-Term Liabilities $2.114B $2.914B $2.333B
Total Liabilities $3.809B $3.599B $3.816B
YoY Change 63.74% 60.87% 56.16%
SHAREHOLDERS EQUITY
Retained Earnings $1.946B $1.777B
YoY Change 68.81% 76.31%
Common Stock $1.248M $1.194M
YoY Change 4.7% 0.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.091M $45.00K
YoY Change 64.65% 32.35%
Treasury Stock Shares
Shareholders Equity $4.418B $3.911B $3.911B
YoY Change
Total Liabilities & Shareholders Equity $8.227B $7.727B $7.727B
YoY Change 42.29% 39.11% 39.11%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $193.7M $254.5M $846.1M
YoY Change 18.76% 0.29% -30.32%
Depreciation, Depletion And Amortization $212.3M $220.1M $716.7M
YoY Change 68.07% 67.21% 53.68%
Cash From Operating Activities $468.6M $618.3M $1.868B
YoY Change 38.02% 38.48% -5.61%
INVESTING ACTIVITIES
Capital Expenditures $342.0M $428.1M $1.362B
YoY Change 42.45% 67.53% 59.67%
Acquisitions
YoY Change
Other Investing Activities -$201.4M -$120.8M -$1.849B
YoY Change 94.72% 480.02% 902.82%
Cash From Investing Activities -$543.3M -$548.9M -$3.211B
YoY Change 58.19% 98.61% 209.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 42.78M -25.36M $902.3M
YoY Change -207.12% -60.72% -287.65%
NET CHANGE
Cash From Operating Activities 468.6M 618.3M $1.868B
Cash From Investing Activities -543.3M -548.9M -$3.211B
Cash From Financing Activities 42.78M -25.36M $902.3M
Net Change In Cash -31.97M 44.12M -$441.0M
YoY Change -27.17% -58.22% -195.79%
FREE CASH FLOW
Cash From Operating Activities $468.6M $618.3M $1.868B
Capital Expenditures $342.0M $428.1M $1.362B
Free Cash Flow $126.6M $190.2M $505.7M
YoY Change 27.32% -0.39% -55.08%

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CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
18809000 usd
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
21011000 usd
CY2023 us-gaap Revenues
Revenues
2806785000 usd
CY2022 us-gaap Revenues
Revenues
3058025000 usd
CY2021 us-gaap Revenues
Revenues
1662981000 usd
CY2023 mtdr Production Taxes And Marketing
ProductionTaxesAndMarketing
264493000 usd
CY2022 mtdr Production Taxes And Marketing
ProductionTaxesAndMarketing
282193000 usd
CY2021 mtdr Production Taxes And Marketing
ProductionTaxesAndMarketing
178987000 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
243655000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
157105000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
108964000 usd
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
128910000 usd
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
95522000 usd
CY2021 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
61459000 usd
CY2021 mtdr Oil And Gas Purchases Of Natural Gas
OilAndGasPurchasesOfNaturalGas
77126000 usd
CY2023 us-gaap Interest Expense
InterestExpense
121520000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8785000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5121000 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-112937000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-73596000 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-77730000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1096385000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1685674000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
715346000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
13922000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
54877000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
172104000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
344480000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
74710000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
186026000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
399357000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
74710000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
910359000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
1286317000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
640636000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
64285000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
72111000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
55668000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
846074000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
1214206000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
584968000 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.10
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.28
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.00
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.05
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.11
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.91
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119139000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118122000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116999000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119980000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120131000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119163000 shares
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1513025000 usd
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
14581000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
12113000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-4255000 usd
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
2621000 usd
CY2021 mtdr Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax
AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax
3600000 usd
CY2021 mtdr Adjustmentsto Additional Paidin Capital Formationof Joint Venture
AdjustmentstoAdditionalPaidinCapitalFormationofJointVenture
45056000 usd
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
61985000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
640636000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2127388000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
35246000 usd
CY2022 mtdr Stock Issued During Period Value Employee Benefit Plan Net Of Subsequent Vesting
StockIssuedDuringPeriodValueEmployeeBenefitPlanNetOfSubsequentVesting
-11534000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
20224000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
-4005000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
2376000 usd
CY2022 mtdr Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax
AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax
5900000 usd
CY2022 mtdr Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax
AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax
5900000 usd
CY2022 mtdr Adjustmentsto Additional Paidin Capital Formationof Joint Venture
AdjustmentstoAdditionalPaidinCapitalFormationofJointVenture
22318000 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
85995000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
1286317000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3317091000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3317091000 usd
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.65
CY2023 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
77175000 usd
CY2023 mtdr Stock Issued During Period Value Employee Benefit Plan Net Of Subsequent Vesting
StockIssuedDuringPeriodValueEmployeeBenefitPlanNetOfSubsequentVesting
-15554000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
21580000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
49000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
5087000 usd
CY2023 mtdr Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax
AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax
8000000 usd
CY2023 mtdr Adjustmentsto Additional Paidin Capital Formationof Joint Venture
AdjustmentstoAdditionalPaidinCapitalFormationofJointVenture
30178000 usd
CY2023 mtdr Noncontrolling Interest Less Than Wholly Owned Subsidiary Contributions From Noncontrolling Interest
NoncontrollingInterestLessThanWhollyOwnedSubsidiaryContributionsFromNoncontrollingInterest
24500000 usd
CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
78253000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
910359000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
1286317000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
640636000 usd
CY2023 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1261000 usd
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
18809000 usd
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
21011000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
716688000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
466348000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
344905000 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
3943000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2421000 usd
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2068000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
13661000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
15123000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
9039000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
172104000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
344480000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
74710000 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7047000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-517000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3659000 usd
CY2023 mtdr Netgainlossonassetsalesandinventoryimpairment
Netgainlossonassetsalesandinventoryimpairment
-7262000 usd
CY2022 mtdr Netgainlossonassetsalesandinventoryimpairment
Netgainlossonassetsalesandinventoryimpairment
1311000 usd
CY2021 mtdr Netgainlossonassetsalesandinventoryimpairment
Netgainlossonassetsalesandinventoryimpairment
331000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-59893000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
205426000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
98456000 usd
CY2023 mtdr Lease And Well Equipment Inventories
LeaseAndWellEquipmentInventories
3034000 usd
CY2022 mtdr Lease And Well Equipment Inventories
LeaseAndWellEquipmentInventories
2847000 usd
CY2021 mtdr Lease And Well Equipment Inventories
LeaseAndWellEquipmentInventories
1537000 usd
CY2023 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
11757000 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
22952000 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
11786000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-646000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-175000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-56000 usd
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
2810000 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
63455000 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
76891000 usd
CY2023 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
34273000 usd
CY2022 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
23339000 usd
CY2021 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
28310000 usd
CY2023 mtdr Increase Decrease In Payments Made In Advance By Joint Interest Partners In Oil And Gas Properties
IncreaseDecreaseInPaymentsMadeInAdvanceByJointInterestPartnersInOilAndGasProperties
32402000 usd
CY2022 mtdr Increase Decrease In Payments Made In Advance By Joint Interest Partners In Oil And Gas Properties
IncreaseDecreaseInPaymentsMadeInAdvanceByJointInterestPartnersInOilAndGasProperties
-34283000 usd
CY2021 mtdr Increase Decrease In Payments Made In Advance By Joint Interest Partners In Oil And Gas Properties
IncreaseDecreaseInPaymentsMadeInAdvanceByJointInterestPartnersInOilAndGasProperties
-7018000 usd
CY2023 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
-402000 usd
CY2022 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
-7962000 usd
CY2021 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
-1478000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1867828000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1978739000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1053355000 usd
CY2023 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
1192800000 usd
CY2022 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
771830000 usd
CY2021 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
431136000 usd
CY2023 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
187655000 usd
CY2022 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
155074000 usd
CY2021 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
238609000 usd
CY2023 mtdr Payments To Acquire Midstream Capital Expenditures
PaymentsToAcquireMidstreamCapitalExpenditures
165719000 usd
CY2022 mtdr Payments To Acquire Midstream Capital Expenditures
PaymentsToAcquireMidstreamCapitalExpenditures
80051000 usd
CY2021 mtdr Payments To Acquire Midstream Capital Expenditures
PaymentsToAcquireMidstreamCapitalExpenditures
63359000 usd
CY2023 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
3636000 usd
CY2022 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1213000 usd
CY2021 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
376000 usd
CY2023 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
14750000 usd
CY2022 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
46507000 usd
CY2021 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
4215000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3211192000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1037477000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3032000000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
300000000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3532000000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
260000000 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
84000000 usd
CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
230000000 usd
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
135000000 usd
CY2023 us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
9296000 usd
CY2022 us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
3725000 usd
CY2021 us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
4108000 usd
CY2023 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
494800000 usd
CY2022 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
8503000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2023 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
CY2022 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
344302000 usd
CY2021 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
77175000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
35246000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
14581000 usd
CY2023 mtdr Capital Contributedto Corporate Joint Ventures
CapitalContributedtoCorporateJointVentures
38200000 usd
CY2022 mtdr Capital Contributedto Corporate Joint Ventures
CapitalContributedtoCorporateJointVentures
28250000 usd
CY2021 mtdr Capital Contributedto Corporate Joint Ventures
CapitalContributedtoCorporateJointVentures
48626000 usd
CY2023 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
24500000 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2023 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
78253000 usd
CY2022 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
85995000 usd
CY2021 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
61985000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
22910000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
19242000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8211000 usd
CY2023 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-16031000 usd
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-592000 usd
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
706000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
902332000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-480852000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-328553000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-441032000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
460410000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-4463000 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
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91383000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
106298000 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
CY2022 mtdr Number Of Purchasers
NumberOfPurchasers
3 purchaser
CY2021 mtdr Number Of Purchasers
NumberOfPurchasers
3 purchaser
CY2023 mtdr Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
54200000 usd
CY2022 mtdr Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
47800000 usd
CY2021 mtdr Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
38400000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
NATURE OF OPERATIONS Matador 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 primarily through its midstream joint venture, San Mateo Midstream, LLC and its subsidiaries (“San Mateo”), and Pronto Midstream, LLC and its subsidiary (“Pronto”) 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.
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="margin-top:3pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions may also affect disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s consolidated financial statements are based on a number of significant estimates, including oil and natural gas revenues, accrued assets and liabilities, stock-based compensation, valuation of derivative instruments, deferred tax assets and liabilities, purchase price allocations and oil and natural gas reserves. The estimates of oil and natural gas reserves quantities and future net cash flows are the basis for the calculations of depletion and impairment of oil and natural gas properties, as well as estimates of asset retirement obligations and certain tax accruals. The Company’s oil and natural gas reserves estimates, which are inherently imprecise and based upon many factors that are beyond the Company’s control, including oil and natural gas prices, are prepared by the Company’s engineering staff in accordance with guidelines established by the Securities and Exchange Commission (“SEC”) and then audited for their reasonableness and conformance with SEC guidelines by Netherland, Sewell &amp; Associates, Inc., independent reservoir engineers. While the Company believes its estimates are reasonable, changes in facts and assumptions or the discovery of new information may result in revised estimates. Actual results could differ from these estimates.</span></div>
CY2023 mtdr Billing Date
BillingDate
P30D
CY2023 mtdr Past Due Days Of Account Receivable Considered Delinquent
PastDueDaysOfAccountReceivableConsideredDelinquent
P60D
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2023 mtdr Number Of Purchasers
NumberOfPurchasers
3 purchaser
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
20200000 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
10100000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4800000 usd
CY2023 us-gaap Depletion
Depletion
672000000 usd
CY2022 us-gaap Depletion
Depletion
428900000 usd
CY2021 us-gaap Depletion
Depletion
310100000 usd
CY2023 mtdr Discounting Rate Present Value Of Future Revenue From Proved Oil And Gas Reserves
DiscountingRatePresentValueOfFutureRevenueFromProvedOilAndGasReserves
0.10
CY2023 mtdr Oil And Gas Future Net Revenues Measurement Input Previous Period Used For Price Calculation
OilAndGasFutureNetRevenuesMeasurementInputPreviousPeriodUsedForPriceCalculation
P12M
CY2023 mtdr Discounting Rate Present Value Of Future Revenue From Proved Oil And Gas Reserves
DiscountingRatePresentValueOfFutureRevenueFromProvedOilAndGasReserves
0.10
CY2023 srt Average Sales Prices
AverageSalesPrices
74.70
CY2023 srt Average Sales Prices
AverageSalesPrices
2.64
CY2022 srt Average Sales Prices
AverageSalesPrices
90.15
CY2022 srt Average Sales Prices
AverageSalesPrices
6.36
CY2021 srt Average Sales Prices
AverageSalesPrices
63.04
CY2021 srt Average Sales Prices
AverageSalesPrices
3.60
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2817621000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3196699000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1862075000 usd
CY2023 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-9575000 usd
CY2022 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-157483000 usd
CY2021 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-220105000 usd
CY2023 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1261000 usd
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
18809000 usd
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
21011000 usd
CY2023 us-gaap Revenues
Revenues
2806785000 usd
CY2022 us-gaap Revenues
Revenues
3058025000 usd
CY2021 us-gaap Revenues
Revenues
1662981000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2817621000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3196699000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1862075000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
13700000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
15100000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
9000000 usd
CY2023 mtdr Common Stock And Restricted Stock Expense
CommonStockAndRestrictedStockExpense
1200000 usd
CY2022 mtdr Common Stock And Restricted Stock Expense
CommonStockAndRestrictedStockExpense
1000000 usd
CY2021 mtdr Common Stock And Restricted Stock Expense
CommonStockAndRestrictedStockExpense
900000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
846074000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
1214206000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
584968000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119139000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118122000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116999000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
841000 shares
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
4418197000 usd
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2009000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2164000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119980000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120131000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119163000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.10
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.28
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.00
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.05
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.11
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.91
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Credit Risk</span><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s cash is held in financial institutions and at times these amounts exceed the insurance limits of the Federal Deposit Insurance Corporation. Management believes, however, that the Company’s counterparty risks are minimal based on the reputation and history of the institutions selected.</span></div><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company uses derivative financial instruments to mitigate its exposure to oil, natural gas and NGL price volatility. These transactions expose the Company to potential credit risk from its counterparties. The Company manages counterparty credit risk through established internal derivatives policies that are reviewed on an ongoing basis. Additionally, the Company’s commodity derivative contracts at December 31, 2023 were with Bank of America, which is a lender under the Company’s reserves-based revolving credit agreement (the “Credit Agreement”).</span></div><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accounts receivable constitute the principal component of additional credit risk to which the Company may be exposed. The Company attempts to minimize credit risk exposure to counterparties by monitoring the financial condition and payment history of its purchasers and joint interest partners.</span></div><div style="text-indent:24.75pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%;text-decoration:underline">Recent Accounting Pronouncements</span></div><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Segments</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-07, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, which enhances the disclosures required for operating segments in the Company’s annual and interim consolidated financial statements. This ASU is effective retrospectively for fiscal years beginning after December 15, 2023 and for interim periods within fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact of this standard on its disclosures.</span></div><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income Taxes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. In December 2023, the FASB issued ASU 2023-09,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> Income Taxes (Topic 740): Improvements to Income Tax Disclosures</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, which is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in this standard provide for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid. This ASU is effective for the Company prospectively to all annual periods beginning after December 15, 2024. The Company is currently evaluating the impact of this standard on its disclosures.</span></div>
CY2023Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
9633757000 usd
CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
6862455000 usd
CY2023Q4 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
1193257000 usd
CY2022Q4 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
977502000 usd
CY2023Q4 mtdr Oil And Gas Property Full Cost Method Including Unproved And Unevaluated Gross
OilAndGasPropertyFullCostMethodIncludingUnprovedAndUnevaluatedGross
10827014000 usd
CY2022Q4 mtdr Oil And Gas Property Full Cost Method Including Unproved And Unevaluated Gross
OilAndGasPropertyFullCostMethodIncludingUnprovedAndUnevaluatedGross
7839957000 usd
CY2023Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
5034243000 usd
CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
4362292000 usd
CY2023Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
5792771000 usd
CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
3477665000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
40375000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
32847000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
27604000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
23277000 usd
CY2023Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
12771000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
9570000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
6956441000 usd
CY2023Q4 us-gaap Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
72400000 usd
CY2023Q4 us-gaap Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
72400000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0592
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0455
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
28930000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
19521000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
32905000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
21830000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2765000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
571000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
410000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
143000 usd
CY2023 mtdr Finance Lease Cost
FinanceLeaseCost
3175000 usd
CY2022 mtdr Finance Lease Cost
FinanceLeaseCost
714000 usd
CY2023 us-gaap Lease Cost
LeaseCost
65010000 usd
CY2022 us-gaap Lease Cost
LeaseCost
42065000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
44404000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
58798000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
36946000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
43921000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10800000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
19532000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
47746000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
63453000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
11316000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
7425000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
7236000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
4470000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4080000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2955000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1254000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
685000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
869000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
630000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2123000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1315000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
28766000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
19290000 usd
CY2023 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
84065000 usd
CY2022 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
58693000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1082000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
620000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
87042000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
80254000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3891000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1511000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y4M24D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
36946000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1254000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8939000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
842000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3035000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
153000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
296000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
0 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
49216000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2249000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1470000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
126000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
47746000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2123000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
36946000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1254000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10800000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
869000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
451000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1934000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
50502000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
41577000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
53741000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
41959000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
6944000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
4069000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1634000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1198000 usd
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
21642000 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
10794000 usd
CY2023 mtdr Asset Acquisition Acquisitions During Period
AssetAcquisitionAcquisitionsDuringPeriod
8326000 usd
CY2022 mtdr Asset Acquisition Acquisitions During Period
AssetAcquisitionAcquisitionsDuringPeriod
0 usd
CY2023 mtdr Asset Retirement Obligation Divestitures
AssetRetirementObligationDivestitures
872000 usd
CY2022 mtdr Asset Retirement Obligation Divestitures
AssetRetirementObligationDivestitures
4304000 usd
CY2023 us-gaap Accretion Expense
AccretionExpense
3943000 usd
CY2022 us-gaap Accretion Expense
AccretionExpense
2421000 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
92090000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
53741000 usd
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
4605000 usd
CY2022Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
756000 usd
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
87485000 usd
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
52985000 usd
CY2023 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
700000 usd
CY2022 us-gaap Proceeds From Divestiture Of Businesses
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3930000 usd
CY2023Q4 mtdr Processing Capacity Natural Gas Per Day
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200 mmcf
CY2023Q4 mtdr Natural Gas Compressors
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CY2023 us-gaap Income Taxes Paid Net
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CY2021 us-gaap Income Taxes Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2023 mtdr Increase Decreasein Asset Retirement Obligations Mineral Properties
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33209000 usd
CY2022 mtdr Increase Decreasein Asset Retirement Obligations Mineral Properties
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9111000 usd
CY2021 mtdr Increase Decreasein Asset Retirement Obligations Mineral Properties
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1091000 usd
CY2023 mtdr Increase Decreasein Asset Retirement Obligations Support Equipmentand Facilities
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1197000 usd
CY2022 mtdr Increase Decreasein Asset Retirement Obligations Support Equipmentand Facilities
IncreaseDecreaseinAssetRetirementObligationsSupportEquipmentandFacilities
251000 usd
CY2021 mtdr Increase Decreasein Asset Retirement Obligations Support Equipmentand Facilities
IncreaseDecreaseinAssetRetirementObligationsSupportEquipmentandFacilities
257000 usd
CY2023 mtdr Decrease In Liabilities For Drilling Completion And Equipping Capital Expenditures
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CY2022 mtdr Decrease In Liabilities For Drilling Completion And Equipping Capital Expenditures
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CY2021 mtdr Decrease In Liabilities For Drilling Completion And Equipping Capital Expenditures
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CY2023 mtdr Increase Decrease In Liabilities For Acquisition Of Oil And Natural Gas Properties
IncreaseDecreaseInLiabilitiesForAcquisitionOfOilAndNaturalGasProperties
709000 usd
CY2022 mtdr Increase Decrease In Liabilities For Acquisition Of Oil And Natural Gas Properties
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CY2021 mtdr Increase Decrease In Liabilities For Acquisition Of Oil And Natural Gas Properties
IncreaseDecreaseInLiabilitiesForAcquisitionOfOilAndNaturalGasProperties
2981000 usd
CY2023 mtdr Increase Decrease In Liabilities For Support Equipment And Facilities
IncreaseDecreaseInLiabilitiesForSupportEquipmentAndFacilities
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CY2022 mtdr Increase Decrease In Liabilities For Support Equipment And Facilities
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CY2021 mtdr Increase Decrease In Liabilities For Support Equipment And Facilities
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4478000 usd
CY2023 mtdr Stock Based Compensation Expense Recognized As Liability
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CY2022 mtdr Stock Based Compensation Expense Recognized As Liability
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CY2021 mtdr Stock Based Compensation Expense Recognized As Liability
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24494000 usd
CY2023 mtdr Transfer Of Inventory From Oil And Natural Gas Properties
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933000 usd
CY2022 mtdr Transfer Of Inventory From Oil And Natural Gas Properties
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148000 usd
CY2021 mtdr Transfer Of Inventory From Oil And Natural Gas Properties
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CY2023 us-gaap Income Taxes Paid
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CY2022 us-gaap Income Taxes Paid
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63500000 usd
CY2021 mtdr Proceeds From U.S.Federal Tax Refunds
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8900000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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52662000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
505179000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48135000 usd
CY2023Q4 us-gaap Restricted Cash
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53636000 usd
CY2022Q4 us-gaap Restricted Cash
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42151000 usd
CY2021Q4 us-gaap Restricted Cash
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38785000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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106298000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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547330000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86920000 usd
CY2023 us-gaap Number Of Operating Segments
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CY2023 us-gaap Gain Loss On Sale Of Derivatives
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CY2023 us-gaap Costs And Expenses
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1597463000 usd
CY2023 us-gaap Operating Income Loss
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1209322000 usd
CY2023Q4 us-gaap Assets
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CY2023 us-gaap Payments To Acquire Productive Assets
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3228259000 usd
CY2022 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-157483000 usd
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
18809000 usd
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
1298755000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
1759270000 usd
CY2022Q4 us-gaap Assets
Assets
5554505000 usd
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1063275000 usd
CY2021 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-220105000 usd
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
21011000 usd
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
869905000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
793076000 usd
CY2021Q4 us-gaap Assets
Assets
4262153000 usd
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
837928000 usd

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