2024 Q2 Form 10-Q Financial Statement
#000152000624000105 Filed on April 26, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
Revenue | $847.1M | $787.7M | $560.3M |
YoY Change | 32.76% | 40.59% | -0.96% |
Cost Of Revenue | $228.3M | $225.5M | $159.4M |
YoY Change | 26.3% | 41.48% | 22.36% |
Gross Profit | $618.8M | $562.2M | $400.9M |
YoY Change | 35.32% | 40.24% | -7.93% |
Gross Profit Margin | 73.05% | 71.37% | 71.55% |
Selling, General & Admin | $27.91M | $29.65M | $22.43M |
YoY Change | 4.48% | 32.18% | -24.55% |
% of Gross Profit | 4.51% | 5.27% | 5.6% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $225.9M | $212.3M | $126.3M |
YoY Change | 27.28% | 68.07% | 31.79% |
% of Gross Profit | 36.51% | 37.76% | 31.51% |
Operating Expenses | $255.2M | $243.2M | $149.5M |
YoY Change | 24.46% | 62.75% | 18.5% |
Operating Profit | $363.6M | $319.0M | $251.4M |
YoY Change | 44.14% | 26.85% | -18.71% |
Interest Expense | -$35.99M | -$39.56M | $16.18M |
YoY Change | 5.13% | -344.57% | -0.47% |
% of Operating Profit | -9.9% | -12.4% | 6.43% |
Other Income/Expense, Net | -$2.121M | $577.0K | -$15.84M |
YoY Change | -112.8% | -103.64% | -4.56% |
Pretax Income | $325.5M | $280.0M | $235.6M |
YoY Change | 38.87% | 18.83% | -19.51% |
Income Tax | $77.99M | $66.78M | $56.67M |
% Of Pretax Income | 23.96% | 23.85% | 24.05% |
Net Earnings | $228.8M | $193.7M | $163.1M |
YoY Change | 38.93% | 18.76% | -21.24% |
Net Earnings / Revenue | 27.0% | 24.59% | 29.12% |
Basic Earnings Per Share | $1.83 | $1.62 | $1.37 |
Diluted Earnings Per Share | $1.83 | $1.61 | $1.36 |
COMMON SHARES | |||
Basic Shares Outstanding | 124.8M shares | 119.5M shares | 119.1M shares |
Diluted Shares Outstanding | 124.9M shares | 120.3M shares | 119.7M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $15.24M | $23.21M | $448.7M |
YoY Change | -31.66% | -94.83% | 612.25% |
Cash & Equivalents | $15.24M | $23.21M | $448.7M |
Short-Term Investments | |||
Other Short-Term Assets | $157.1M | $162.5M | $124.8M |
YoY Change | 30.38% | 30.21% | 33.98% |
Inventory | $38.05M | $39.93M | $20.04M |
Prepaid Expenses | |||
Receivables | $499.0M | $485.7M | $178.8M |
Other Receivables | $29.09M | $42.78M | $45.57M |
Total Short-Term Assets | $738.4M | $754.1M | $1.006B |
YoY Change | 16.4% | -25.07% | 87.69% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $7.678B | $7.379B | $4.706B |
YoY Change | 19.23% | 56.79% | 17.78% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $102.2M | $94.34M | $69.46M |
YoY Change | 74.08% | 35.83% | 96.07% |
Total Long-Term Assets | $7.780B | $7.473B | $4.776B |
YoY Change | 19.73% | 56.49% | 18.47% |
TOTAL ASSETS | |||
Total Short-Term Assets | $738.4M | $754.1M | $1.006B |
Total Long-Term Assets | $7.780B | $7.473B | $4.776B |
Total Assets | $8.518B | $8.227B | $5.782B |
YoY Change | 19.43% | 42.29% | 26.6% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $152.7M | $159.5M | $45.28M |
YoY Change | 24.48% | 252.33% | 33.29% |
Accrued Expenses | $388.4M | $419.8M | $328.9M |
YoY Change | 10.85% | 27.63% | 48.26% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $856.5M | $851.3M | $601.4M |
YoY Change | 24.68% | 41.57% | 11.79% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.982B | $1.972B | $1.171B |
YoY Change | -10.04% | 68.44% | -21.86% |
Other Long-Term Liabilities | $150.7M | $142.6M | $16.97M |
YoY Change | 88.83% | 740.27% | 0.67% |
Total Long-Term Liabilities | $2.132B | $2.114B | $1.725B |
YoY Change | -6.58% | 22.57% | 1.95% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $856.5M | $851.3M | $601.4M |
Total Long-Term Liabilities | $2.132B | $2.114B | $1.725B |
Total Liabilities | $3.887B | $3.809B | $2.326B |
YoY Change | 4.22% | 63.74% | 4.32% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $2.150B | $1.946B | $1.153B |
YoY Change | 65.44% | 68.81% | 3751.05% |
Common Stock | $1.249M | $1.248M | $1.192M |
YoY Change | 4.78% | 4.7% | 0.93% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $2.990M | $2.091M | $1.270M |
YoY Change | -41.1% | 64.65% | 311.0% |
Treasury Stock Shares | |||
Shareholders Equity | $4.632B | $4.418B | $3.253B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $8.518B | $8.227B | $5.782B |
YoY Change | 19.43% | 42.29% | 26.6% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $228.8M | $193.7M | $163.1M |
YoY Change | 38.93% | 18.76% | -21.24% |
Depreciation, Depletion And Amortization | $225.9M | $212.3M | $126.3M |
YoY Change | 27.28% | 68.07% | 31.79% |
Cash From Operating Activities | $592.9M | $468.6M | $339.5M |
YoY Change | 32.05% | 38.02% | 3.21% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $427.7M | $342.0M | $240.1M |
YoY Change | 27.76% | 42.45% | -209.09% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$149.1M | -$201.4M | -$103.4M |
YoY Change | -90.45% | 94.72% | 224.68% |
Cash From Investing Activities | -$576.8M | -$543.3M | -$343.5M |
YoY Change | -69.56% | 58.19% | 36.35% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -26.52M | 42.78M | -$39.94M |
YoY Change | -102.63% | -207.12% | -8.87% |
NET CHANGE | |||
Cash From Operating Activities | 592.9M | 468.6M | $339.5M |
Cash From Investing Activities | -576.8M | -543.3M | -$343.5M |
Cash From Financing Activities | -26.52M | 42.78M | -$39.94M |
Net Change In Cash | -10.42M | -31.97M | -$43.90M |
YoY Change | -97.62% | -27.17% | -232.09% |
FREE CASH FLOW | |||
Cash From Operating Activities | $592.9M | $468.6M | $339.5M |
Capital Expenditures | $427.7M | $342.0M | $240.1M |
Free Cash Flow | $165.2M | $126.6M | $99.45M |
YoY Change | 44.64% | 27.32% | -81.89% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
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Derivative Liability Type Extensible List
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Derivative Asset Statement Of Financial Position Extensible Enumeration
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http://fasb.org/us-gaap/2023#DerivativeAssetsCurrent | |
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Derivative Asset Statement Of Financial Position Extensible Enumeration
DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration
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http://fasb.org/us-gaap/2023#DerivativeAssetsCurrent | |
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0.20 | |
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CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4636162000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3317091000 | usd |
CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.15 | |
CY2023Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
17768000 | usd |
CY2023Q1 | mtdr |
Stock Issued During Period Value Employee Benefit Plan Net Of Subsequent Vesting
StockIssuedDuringPeriodValueEmployeeBenefitPlanNetOfSubsequentVesting
|
-17590000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
3894000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
12000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
1236000 | usd |
CY2023Q1 | mtdr |
Adjustments To Additional Paid In Capital Formation Of Joint Venture
AdjustmentsToAdditionalPaidInCapitalFormationOfJointVenture
|
11613000 | usd |
CY2023Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
19110000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
178924000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3455830000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
213190000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
178924000 | usd |
CY2024Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
2075000 | usd |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-7067000 | usd |
CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
212311000 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
126325000 | usd |
CY2024Q1 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
1273000 | usd |
CY2023Q1 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
699000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2838000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2290000 | usd |
CY2024Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
49506000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
51743000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
4644000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
838000 | usd |
CY2024Q1 | mtdr |
Other Non Cash Charges
OtherNonCashCharges
|
333000 | usd |
CY2023Q1 | mtdr |
Other Non Cash Charges
OtherNonCashCharges
|
0 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
55519000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-40906000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2044000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
4423000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1474000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
16517000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-254000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-35000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-4814000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-39871000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
|
16522000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
|
376000 | usd |
CY2024Q1 | mtdr |
Increase Decrease In Payments Made In Advance By Joint Interest Partners In Oil And Gas Properties
IncreaseDecreaseInPaymentsMadeInAdvanceByJointInterestPartnersInOilAndGasProperties
|
-17771000 | usd |
CY2023Q1 | mtdr |
Increase Decrease In Payments Made In Advance By Joint Interest Partners In Oil And Gas Properties
IncreaseDecreaseInPaymentsMadeInAdvanceByJointInterestPartnersInOilAndGasProperties
|
9805000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
16025000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
723000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
|
487000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
|
190000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
468562000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
339500000 | usd |
CY2024Q1 | us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
236639000 | usd |
CY2023Q1 | us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
224144000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
202264000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
103863000 | usd |
CY2024Q1 | mtdr |
Payments To Acquire Midstream Capital Expenditures
PaymentsToAcquireMidstreamCapitalExpenditures
|
105086000 | usd |
CY2023Q1 | mtdr |
Payments To Acquire Midstream Capital Expenditures
PaymentsToAcquireMidstreamCapitalExpenditures
|
14141000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
226000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
1769000 | usd |
CY2024Q1 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
5537000 | usd |
CY2024Q1 | mtdr |
Derivative Asset Liability Subject To Master Netting Arrangement
DerivativeAssetLiabilitySubjectToMasterNettingArrangement
|
-792000 | usd |
CY2024Q1 | mtdr |
Derivative Asset Liability Net
DerivativeAssetLiabilityNet
|
4745000 | usd |
CY2023Q4 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
4316000 | usd |
CY2023Q4 | mtdr |
Derivative Asset Liability Subject To Master Netting Arrangement
DerivativeAssetLiabilitySubjectToMasterNettingArrangement
|
-1646000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
900000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
451000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-543315000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-343466000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
930000000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | usd |
CY2024Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
690000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | usd |
CY2024Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
65000000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
55000000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
69000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
65000000 | usd |
CY2024Q1 | us-gaap |
Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
|
11292000 | usd |
CY2023Q1 | us-gaap |
Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
|
8645000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
344663000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2024Q1 | mtdr |
Payments To Issue Equity
PaymentsToIssueEquity
|
53000 | usd |
CY2023Q1 | mtdr |
Payments To Issue Equity
PaymentsToIssueEquity
|
0 | usd |
CY2024Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
23858000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
17768000 | usd |
CY2024Q1 | mtdr |
Capital Contributed To Corporate Joint Ventures
CapitalContributedToCorporateJointVentures
|
1500000 | usd |
CY2023Q1 | mtdr |
Capital Contributed To Corporate Joint Ventures
CapitalContributedToCorporateJointVentures
|
14700000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
7350000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
0 | usd |
CY2024Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
25725000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
19110000 | usd |
CY2024Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
13515000 | usd |
CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
18909000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-289000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-204000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
42781000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-39936000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-31972000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-43902000 | 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 |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
74326000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
503428000 | usd |
CY2024Q1 | 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 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. | |
CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
785343000 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
563674000 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
275000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
3669000 | usd |
CY2024Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
2075000 | usd |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-7067000 | usd |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
787693000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
560276000 | usd |
CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
785343000 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
563674000 | usd |
CY2024Q1 | mtdr |
Discounting Rate Present Value Of Future Revenue From Proved Oil And Gas Reserves
DiscountingRatePresentValueOfFutureRevenueFromProvedOilAndGasReserves
|
0.10 | |
CY2023Q1 | us-gaap |
Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense
UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense
|
0 | usd |
CY2024Q1 | us-gaap |
Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense
UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense
|
0 | usd |
CY2024Q1 | mtdr |
Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
|
17100000 | usd |
CY2023Q1 | mtdr |
Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
|
12600000 | usd |
CY2024Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
5900000 | usd |
CY2023Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
3400000 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
119721000 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
119034000 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
532000 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
668000 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120253000 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
119702000 | shares |
CY2023Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
92090000 | usd |
CY2024Q1 | us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
2326000 | usd |
CY2024Q1 | mtdr |
Asset Retirement Obligation Divestitures
AssetRetirementObligationDivestitures
|
326000 | usd |
CY2024Q1 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
1273000 | usd |
CY2024Q1 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
95363000 | usd |
CY2024Q1 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
5002000 | usd |
CY2024Q1 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
90361000 | usd |
CY2024Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
17300000 | usd |
CY2024Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
49500000 | usd |
CY2023Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
4900000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
51700000 | usd |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.26 | |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.26 | |
CY2024Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
5250000 | shares |
CY2024Q1 | mtdr |
Proceeds From Issuance Of Common Stock Net Of Underwriting Discounts And Offering Expenses
ProceedsFromIssuanceOfCommonStockNetOfUnderwritingDiscountsAndOfferingExpenses
|
344200000 | usd |
CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.20 | |
CY2024Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
23900000 | usd |
CY2024Q1 | mtdr |
Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax
AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax
|
300000 | usd |
CY2023Q1 | mtdr |
Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax
AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax
|
3100000 | usd |
CY2024Q1 | us-gaap |
Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
|
4745000 | usd |
CY2023Q4 | mtdr |
Derivative Asset Liability Net
DerivativeAssetLiabilityNet
|
2670000 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
2350000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-3398000 | usd |
CY2024Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
419791000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
365848000 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
42697000 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
26228000 | usd |
CY2024Q1 | mtdr |
Increase Decrease In Liabilities For Oil And Natural Gas Properties
IncreaseDecreaseInLiabilitiesForOilAndNaturalGasProperties
|
115386000 | usd |
CY2023Q1 | mtdr |
Increase Decrease In Liabilities For Oil And Natural Gas Properties
IncreaseDecreaseInLiabilitiesForOilAndNaturalGasProperties
|
69593000 | usd |
CY2024Q1 | mtdr |
Increase Decrease In Liabilities For Acquisition Of Oil And Natural Gas Properties
IncreaseDecreaseInLiabilitiesForAcquisitionOfOilAndNaturalGasProperties
|
200000 | usd |
CY2023Q1 | mtdr |
Increase Decrease In Liabilities For Acquisition Of Oil And Natural Gas Properties
IncreaseDecreaseInLiabilitiesForAcquisitionOfOilAndNaturalGasProperties
|
-121000 | usd |
CY2024Q1 | mtdr |
Increase Decrease In Liabilities For Support Equipment And Facilities
IncreaseDecreaseInLiabilitiesForSupportEquipmentAndFacilities
|
-18311000 | usd |
CY2023Q1 | mtdr |
Increase Decrease In Liabilities For Support Equipment And Facilities
IncreaseDecreaseInLiabilitiesForSupportEquipmentAndFacilities
|
-1099000 | usd |
CY2024Q1 | mtdr |
Stock Based Compensation Expense Benefit Recognized As Liability
StockBasedCompensationExpenseBenefitRecognizedAsLiability
|
5539000 | usd |
CY2023Q1 | mtdr |
Stock Based Compensation Expense Benefit Recognized As Liability
StockBasedCompensationExpenseBenefitRecognizedAsLiability
|
1026000 | usd |
CY2024Q1 | mtdr |
Transfer Of Inventory From To Oil And Natural Gas Properties
TransferOfInventoryFromToOilAndNaturalGasProperties
|
-3149000 | usd |
CY2023Q1 | mtdr |
Transfer Of Inventory From To Oil And Natural Gas Properties
TransferOfInventoryFromToOilAndNaturalGasProperties
|
433000 | usd |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
23208000 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
448723000 | usd |
CY2024Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
51118000 | usd |
CY2023Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
54705000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
74326000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
503428000 | usd |
CY2024Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2024Q1 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
275000 | usd |
CY2024Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
2075000 | usd |
CY2024Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
468740000 | usd |
CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
318953000 | usd |
CY2024Q1 | us-gaap |
Assets
Assets
|
8227329000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
638558000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
3669000 | usd |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-7067000 | usd |
CY2023Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
308843000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
251433000 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
5782105000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
333554000 | usd |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |