$MTDR
Matador Resources Co Stock $mtdr

$mtdr Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000152000624000165 Filed on July 26, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$899.8M	$847.1M
YoY Change	16.51%	32.76%
Cost Of Revenue	$234.5M	$228.3M
YoY Change	13.54%	26.3%
Gross Profit	$665.3M	$618.8M
YoY Change	17.59%	35.32%
Gross Profit Margin	73.94%	73.05%
Selling, General & Admin	$28.79M	$27.91M
YoY Change	-9.19%	4.48%
% of Gross Profit	4.33%	4.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$242.8M	$225.9M
YoY Change	25.95%	27.28%
% of Gross Profit	36.5%	36.51%
Operating Expenses	$273.3M	$255.2M
YoY Change	21.02%	24.46%
Operating Profit	$392.1M	$363.6M
YoY Change	15.31%	44.14%
Interest Expense	$36.17M	-$35.99M
YoY Change	2.15%	5.13%
% of Operating Profit	9.23%	-9.9%
Other Income/Expense, Net	-$34.06M	-$2.121M
YoY Change	-27.57%	-112.8%
Pretax Income	$358.0M	$325.5M
YoY Change	22.19%	38.87%
Income Tax	$85.32M	$77.99M
% Of Pretax Income	23.83%	23.96%
Net Earnings	$248.3M	$228.8M
YoY Change	-5.86%	38.93%
Net Earnings / Revenue	27.59%	27.0%
Basic Earnings Per Share	$1.99	$1.83
Diluted Earnings Per Share	$1.99	$1.83
COMMON SHARES
Basic Shares Outstanding	124.8M shares	124.8M shares
Diluted Shares Outstanding	125.0M shares	124.9M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$23.28M	$15.24M
YoY Change	-10.13%	-31.66%
Cash & Equivalents	$23.28M	$15.24M
Short-Term Investments
Other Short-Term Assets	$183.7M	$157.1M
YoY Change	49.31%	30.38%
Inventory	$34.12M	$38.05M
Prepaid Expenses
Receivables	$297.8M	$499.0M
Other Receivables	$52.66M	$29.09M
Total Short-Term Assets	$847.2M	$738.4M
YoY Change	19.09%	16.4%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.546B	$7.678B
YoY Change	42.99%	19.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$115.0M
YoY Change
Other Assets	$113.1M	$102.2M
YoY Change	118.13%	74.08%
Total Long-Term Assets	$9.776B	$7.780B
YoY Change	45.31%	19.73%
TOTAL ASSETS
Total Short-Term Assets	$847.2M	$738.4M
Total Long-Term Assets	$9.776B	$7.780B
Total Assets	$10.62B	$8.518B
YoY Change	42.8%	19.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$114.2M	$152.7M
YoY Change	40.24%	24.48%
Accrued Expenses	$474.2M	$388.4M
YoY Change	29.15%	10.85%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$966.0M	$856.5M
YoY Change	33.73%	24.68%
LONG-TERM LIABILITIES
Long-Term Debt	$3.596B	$1.982B
YoY Change	64.31%	-10.04%
Other Long-Term Liabilities	$61.03M	$150.7M
YoY Change	380.1%	88.83%
Total Long-Term Liabilities	$4.561B	$2.132B
YoY Change	60.52%	-6.58%
TOTAL LIABILITIES
Total Short-Term Liabilities	$966.0M	$856.5M
Total Long-Term Liabilities	$4.561B	$2.132B
Total Liabilities	$5.527B	$3.887B
YoY Change	55.09%	4.22%
SHAREHOLDERS EQUITY
Retained Earnings	$2.374B	$2.150B
YoY Change	53.57%	65.44%
Common Stock	$1.249M	$1.249M
YoY Change	4.78%	4.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$3.029M	$2.990M
YoY Change	-40.33%	-41.1%
Treasury Stock Shares
Shareholders Equity	$4.871B	$4.632B
YoY Change
Total Liabilities & Shareholders Equity	$10.62B	$8.518B
YoY Change	42.8%	19.43%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$248.3M	$228.8M
YoY Change	-5.86%	38.93%
Depreciation, Depletion And Amortization	$242.8M	$225.9M
YoY Change	25.95%	27.28%
Cash From Operating Activities	$610.4M	$592.9M
YoY Change	32.42%	32.05%
INVESTING ACTIVITIES
Capital Expenditures	$358.9M	$427.7M
YoY Change	-0.06%	27.76%
Acquisitions
YoY Change
Other Investing Activities	-$1.802B	-$149.1M
YoY Change	2697.64%	-90.45%
Cash From Investing Activities	-$2.161B	-$576.8M
YoY Change	410.05%	-69.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.563B	-26.52M
YoY Change	-3912.81%	-102.63%
NET CHANGE
Cash From Operating Activities	610.4M	592.9M
Cash From Investing Activities	-2.161B	-576.8M
Cash From Financing Activities	1.563B	-26.52M
Net Change In Cash	13.12M	-10.42M
YoY Change	-464.44%	-97.62%
FREE CASH FLOW
Cash From Operating Activities	$610.4M	$592.9M
Capital Expenditures	$358.9M	$427.7M
Free Cash Flow	$251.5M	$165.2M
YoY Change	146.86%	44.64%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q2	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	2030000	usd
CY2023Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	558000	usd
CY2024Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	100133000	usd
CY2023Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	54125000	usd
CY2024Q2	us-gaap	Other Assets OtherAssets	102163000	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	54683000	usd
CY2024Q2	us-gaap	Assets Assets	8518391000	usd
CY2023Q4	us-gaap	Assets Assets	7726996000	usd
CY2024Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	96241000	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	68185000	usd
CY2024Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	388353000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	365848000	usd
CY2024Q2	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	195795000	usd
CY2023Q4	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	161983000	usd
CY2024Q2	mtdr	Amounts Due To Affiliates AmountsDueToAffiliates	19576000	usd
CY2023Q4	mtdr	Amounts Due To Affiliates AmountsDueToAffiliates	28688000	usd
CY2024Q2	us-gaap	Derivative Liability Type Extensible List DerivativeLiabilityTypeExtensibleList	http://www.matadorresources.com/20240630#OpenBasisSwapContractsMember
CY2023Q4	us-gaap	Derivative Asset Statement Of Financial Position Extensible Enumeration DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#DerivativeAssetsCurrent
CY2024Q2	us-gaap	Derivative Asset Statement Of Financial Position Extensible Enumeration DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#DerivativeAssetsCurrent
CY2023Q4	us-gaap	Derivative Liability Statement Of Financial Position Extensible Enumeration DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
CY2024Q2	us-gaap	Derivative Liability Statement Of Financial Position Extensible Enumeration DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
CY2024Q2	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	14704000	usd
CY2023Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	0	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	Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax	3100000	usd
CY2023Q1	mtdr	Adjustments To Additional Paid In Capital Formation Of Joint Venture AdjustmentsToAdditionalPaidInCapitalFormationOfJointVenture	11613000	usd
CY2023Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	19110000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	178924000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3455830000	usd
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.15
CY2023Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	17917000	usd
CY2023Q2	mtdr	Stock Issued During Period Value Employee Benefit Plan Net Of Subsequent Vesting StockIssuedDuringPeriodValueEmployeeBenefitPlanNetOfSubsequentVesting	950000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	6097000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	14000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	3806000	usd
CY2023Q2	mtdr	Noncontrolling Interest Less Than Wholly Owned Subsidiary Contributions From Noncontrolling Interest NoncontrollingInterestLessThanWhollyOwnedSubsidiaryContributionsFromNoncontrollingInterest	24500000	usd
CY2023Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	25333000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	177095000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3617430000	usd
	us-gaap	Profit Loss ProfitLoss	460717000	usd
	us-gaap	Profit Loss ProfitLoss	356019000	usd
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-9754000	usd
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-15726000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	438245000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	303839000	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	2602000	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1491000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	5812000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	6221000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	97388000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	113978000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	9586000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	2895000	usd
	mtdr	Other Non Cash Charges OtherNonCashCharges	664000	usd
	mtdr	Other Non Cash Charges OtherNonCashCharges	15682000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	55086000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-56407000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	7380000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	7237000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-320000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	24124000	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	156000	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-2072000	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	14832000	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-28232000	usd
	us-gaap	Increase Decrease In Royalties Payable IncreaseDecreaseInRoyaltiesPayable	33811000	usd
	us-gaap	Increase Decrease In Royalties Payable IncreaseDecreaseInRoyaltiesPayable	10085000	usd
	mtdr	Increase Decrease In Payments Made In Advance By Joint Interest Partners In Oil And Gas Properties IncreaseDecreaseInPaymentsMadeInAdvanceByJointInterestPartnersInOilAndGasProperties	-36485000	usd
	mtdr	Increase Decrease In Payments Made In Advance By Joint Interest Partners In Oil And Gas Properties IncreaseDecreaseInPaymentsMadeInAdvanceByJointInterestPartnersInOilAndGasProperties	4979000	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	13846000	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-1677000	usd
	us-gaap	Increase Decrease In Other Deferred Liability IncreaseDecreaseInOtherDeferredLiability	1377000	usd
	us-gaap	Increase Decrease In Other Deferred Liability IncreaseDecreaseInOtherDeferredLiability	1709000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1061489000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	788511000	usd
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	611715000	usd
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	539511000	usd
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	256110000	usd
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	55897000	usd
	mtdr	Payments To Acquire Midstream Capital Expenditures PaymentsToAcquireMidstreamCapitalExpenditures	157201000	usd
	mtdr	Payments To Acquire Midstream Capital Expenditures PaymentsToAcquireMidstreamCapitalExpenditures	32871000	usd
	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	771000	usd
	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	2478000	usd
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	900000	usd
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	451000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1120147000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2238733000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1720000000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	2190000000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	1315000000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	2750000000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	136000000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	108000000	usd
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	126000000	usd
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	103000000	usd
	us-gaap	Payments Of Debt Restructuring Costs PaymentsOfDebtRestructuringCosts	11424000	usd
	us-gaap	Payments Of Debt Restructuring Costs PaymentsOfDebtRestructuringCosts	8645000	usd
	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt	900000000	usd
	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt	494800000	usd
	mtdr	Payments For Issuance Of Unsecured Debt PaymentsForIssuanceOfUnsecuredDebt	15621000	usd
	mtdr	Payments For Issuance Of Unsecured Debt PaymentsForIssuanceOfUnsecuredDebt	8255000	usd
	mtdr	Payments For Purchase Of Unsecured Debt PaymentsForPurchaseOfUnsecuredDebt	699191000	usd
	mtdr	Payments For Purchase Of Unsecured Debt PaymentsForPurchaseOfUnsecuredDebt	0	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	344663000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
	mtdr	Payments To Issue Equity PaymentsToIssueEquity	2566000	usd
	mtdr	Payments To Issue Equity PaymentsToIssueEquity	0	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	48747000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	35685000	usd
	mtdr	Capital Contributed To Corporate Joint Ventures CapitalContributedToCorporateJointVentures	10250000	usd
	mtdr	Capital Contributed To Corporate Joint Ventures CapitalContributedToCorporateJointVentures	14700000	usd
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	19110000	usd
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	24500000	usd
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	50176000	usd
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	44443000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	14440000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	22790000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-595000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-452000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	16263000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	968730000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-42395000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-481492000	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
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	63903000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	65838000	usd
	us-gaap	Nature Of Operations NatureOfOperations	NATURE OF OPERATIONSMatador Resources Company, a Texas corporation (“Matador” and, collectively with its subsidiaries, the “Company”), is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Company also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, the Company conducts midstream operations 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.
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	855195000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	649890000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1640538000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1213564000	usd
CY2024Q2	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	3770000	usd
CY2023Q2	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-3148000	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	4045000	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	521000	usd
CY2024Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-11829000	usd
CY2023Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-8659000	usd
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-9754000	usd
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-15726000	usd
CY2024Q2	us-gaap	Revenues Revenues	847136000	usd
CY2023Q2	us-gaap	Revenues Revenues	638083000	usd
	us-gaap	Revenues Revenues	1634829000	usd
	us-gaap	Revenues Revenues	1198359000	usd
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	855195000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	649890000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1640538000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1213564000	usd
	mtdr	Discounting Rate Present Value Of Future Revenue From Proved Oil And Gas Reserves DiscountingRatePresentValueOfFutureRevenueFromProvedOilAndGasReserves	0.10
CY2023Q2	us-gaap	Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense	0	usd
CY2024Q2	us-gaap	Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense	0	usd
	us-gaap	Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense	0	usd
	us-gaap	Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense	0	usd
CY2024Q2	mtdr	Capitalized General And Administrative Costs CapitalizedGeneralAndAdministrativeCosts	15100000	usd
CY2023Q2	mtdr	Capitalized General And Administrative Costs CapitalizedGeneralAndAdministrativeCosts	14500000	usd
	mtdr	Capitalized General And Administrative Costs CapitalizedGeneralAndAdministrativeCosts	32200000	usd
	mtdr	Capitalized General And Administrative Costs CapitalizedGeneralAndAdministrativeCosts	27100000	usd
CY2024Q2	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	9300000	usd
CY2023Q2	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	5300000	usd
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	15200000	usd
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	8700000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	124786000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	119183000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	122253000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	119109000	shares
CY2024Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	110000	shares
CY2023Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	659000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	185000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	747000	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	124896000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	119842000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	122438000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	119856000	shares
CY2023Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	92090000	usd
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	4661000	usd
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	192000	usd
	mtdr	Asset Retirement Obligation Divestitures AssetRetirementObligationDivestitures	326000	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	2602000	usd
CY2024Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	98835000	usd
CY2024Q2	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	4883000	usd
CY2024Q2	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	93952000	usd
CY2024Q2	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	30100000	usd
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	47400000	usd
CY2024Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	47900000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	97400000	usd
CY2023Q2	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-4900000	usd
CY2023Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	62200000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	114000000	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.25
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.26
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.26
	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	342100000	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.20
CY2024Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.20
CY2024Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	23900000	usd
CY2024Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	24900000	usd
CY2024Q2	mtdr	Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax	1800000	usd
	mtdr	Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax	2100000	usd
	mtdr	Adjustment To Additional Paid In Capital Formation Of Joint Venture Tax AdjustmentToAdditionalPaidInCapitalFormationOfJointVentureTax	3100000	usd
CY2024Q2	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	32575000	usd
CY2024Q2	us-gaap	Derivative Liability Fair Value Gross Asset DerivativeLiabilityFairValueGrossAsset	17871000	usd
CY2024Q2	us-gaap	Derivative Liabilities DerivativeLiabilities	14704000	usd
CY2024Q2	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-7084000	usd
CY2024Q2	mtdr	Derivative Asset Liability Subject To Master Netting Arrangement DerivativeAssetLiabilitySubjectToMasterNettingArrangement	0	usd
CY2024Q2	mtdr	Derivative Asset Liability Net DerivativeAssetLiabilityNet	-7084000	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
CY2023Q4	mtdr	Derivative Asset Liability Net DerivativeAssetLiabilityNet	2670000	usd
CY2024Q2	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-8059000	usd
CY2023Q2	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-11807000	usd
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-5709000	usd
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-15205000	usd
CY2024Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	388353000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	365848000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	32283000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	1677000	usd
	us-gaap	Interest Paid Net InterestPaidNet	75213000	usd
	us-gaap	Interest Paid Net InterestPaidNet	65757000	usd
	mtdr	Increase Decrease In Liabilities For Oil And Natural Gas Properties IncreaseDecreaseInLiabilitiesForOilAndNaturalGasProperties	43052000	usd
	mtdr	Increase Decrease In Liabilities For Oil And Natural Gas Properties IncreaseDecreaseInLiabilitiesForOilAndNaturalGasProperties	89760000	usd
	mtdr	Increase Decrease In Liabilities For Acquisition Of Oil And Natural Gas Properties IncreaseDecreaseInLiabilitiesForAcquisitionOfOilAndNaturalGasProperties	7270000	usd
	mtdr	Increase Decrease In Liabilities For Acquisition Of Oil And Natural Gas Properties IncreaseDecreaseInLiabilitiesForAcquisitionOfOilAndNaturalGasProperties	-346000	usd
	mtdr	Increase Decrease In Liabilities For Support Equipment And Facilities IncreaseDecreaseInLiabilitiesForSupportEquipmentAndFacilities	-20836000	usd
	mtdr	Increase Decrease In Liabilities For Support Equipment And Facilities IncreaseDecreaseInLiabilitiesForSupportEquipmentAndFacilities	-929000	usd
	mtdr	Stock Based Compensation Expense Benefit Recognized As Liability StockBasedCompensationExpenseBenefitRecognizedAsLiability	6914000	usd
	mtdr	Stock Based Compensation Expense Benefit Recognized As Liability StockBasedCompensationExpenseBenefitRecognizedAsLiability	3628000	usd
	mtdr	Increase Decrease In Liabilities For Accrued Cost To Issue Senior Notes IncreaseDecreaseInLiabilitiesForAccruedCostToIssueSeniorNotes	0	usd
	mtdr	Increase Decrease In Liabilities For Accrued Cost To Issue Senior Notes IncreaseDecreaseInLiabilitiesForAccruedCostToIssueSeniorNotes	248000	usd
	mtdr	Transfer Of Inventory From To Oil And Natural Gas Properties TransferOfInventoryFromToOilAndNaturalGasProperties	-8001000	usd
	mtdr	Transfer Of Inventory From To Oil And Natural Gas Properties TransferOfInventoryFromToOilAndNaturalGasProperties	725000	usd
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	15242000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	22303000	usd
CY2024Q2	us-gaap	Restricted Cash RestrictedCash	48661000	usd
CY2023Q2	us-gaap	Restricted Cash RestrictedCash	43535000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	63903000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	65838000	usd
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2024Q2	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	3770000	usd
CY2024Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-11829000	usd
CY2024Q2	us-gaap	Costs And Expenses CostsAndExpenses	483516000	usd
CY2024Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	363620000	usd
CY2024Q2	us-gaap	Assets Assets	8518391000	usd
CY2024Q2	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	523933000	usd
CY2023Q2	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-3148000	usd
CY2023Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-8659000	usd
CY2023Q2	us-gaap	Costs And Expenses CostsAndExpenses	385815000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	252268000	usd
CY2023Q2	us-gaap	Assets Assets	7132338000	usd
CY2023Q2	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	1980517000	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	4045000	usd
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-9754000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	952256000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	682573000	usd
CY2024Q2	us-gaap	Assets Assets	8518391000	usd
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	1162491000	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	521000	usd
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-15726000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	694658000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	503701000	usd
CY2023Q2	us-gaap	Assets Assets	7132338000	usd
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	2314071000	usd
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
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CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

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$MTDR
Matador Resources Co Stock $mtdr

2024 Q3 Form 10-Q Financial Statement

#000152000624000165 Filed on July 26, 2024

Income Statement

Balance Sheet

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$MTDR Matador Resources Co Stock $mtdr

2024 Q3 Form 10-Q Financial Statement

#000152000624000165 Filed on July 26, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTDR
Matador Resources Co Stock $mtdr