Matador Resources Company (MTDR) Income Statement
MTDR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMTDR revenue and net income
Where MTDR's revenue goes
2025Each bar shows an amount and its share of revenue. MTDR kept 20.8% of revenue as net income.
MTDR profit margins
MTDR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.1% | +6.1% | +33.7% | +27.7% |
| Gross profit | +8.6% | −3.8% | +49.9% | +44.0% |
| Operating income | −17.3% | −12.3% | — | — |
| Net income | −14.2% | −14.5% | — | — |
| EPS (diluted) | −23.1% | −18.3% | +60.5% | +47.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MTDR quarterly EPS vs estimates
Matador Resources beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 3, 2026 (estimate $1.68).
MTDR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.66B | $3.48B | $2.82B | $3.06B | $1.66B | $855.2M | $1.03B | $899.6M | $544.3M | $264.4M |
| Cost of revenue | $1.98B | $1.94B | $1.48B | $1.18B | $771.4M | $634.4M | $666.3M | $465.5M | $316.1M | $226.7M |
| Gross profit | $1.67B | $1.54B | $1.33B | $1.88B | $891.5M | $220.8M | $361.6M | $434.1M | $228.1M | $37.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $137.1M | $127.5M | $110.4M | $116.2M | $96.4M | $62.6M | $80.1M | $69.3M | $66.0M | $55.1M |
| Total operating expenses | $487.3M | $107.5M | $125.2M | $118.7M | $98.5M | $742.3M | $126.1M | $70.8M | $67.3M | $56.3M |
| Operating income | $1.19B | $1.43B | $1.21B | $1.76B | $793.1M | −$521.5M | $235.5M | $363.3M | $160.8M | −$177.2M |
| Interest income | — | — | — | — | — | — | $76.0M | $39.8M | $31.0M | $28.2M |
| Interest expense | $208.5M | $171.7M | $121.5M | $67.2M | $74.7M | $76.7M | $73.9M | $41.3M | $34.6M | $28.2M |
| Income before taxes | $1.03B | $1.26B | $1.10B | $1.69B | $715.3M | −$599.2M | $158.5M | $292.1M | $129.8M | −$98.1M |
| Income taxes | $172.7M | $292.4M | $186.0M | $399.4M | $74.7M | −$45.6M | $35.5M | −$7.7M | −$8.2M | −$1.0M |
| Net income | $759.2M | $885.3M | $846.1M | $1.21B | $585.0M | −$593.2M | $87.8M | $274.2M | $125.9M | −$97.4M |
| EBITDA | $2.44B | $2.42B | $1.93B | $2.22B | $1.13B | −$158.7M | $584.7M | $600.1M | $343.2M | $52.2M |
| EPS (diluted) | $5.75 | $7.48 | $6.77 | $10.55 | $4.24 | $0.54 | $1.20 | $1.62 | $0.71 | −$0.03 |
| Gross margin | 45.8% | 44.3% | 47.4% | 61.4% | 53.6% | 25.8% | 35.2% | 48.3% | 41.9% | 14.3% |
| Operating margin | 32.5% | 41.2% | 42.9% | 57.5% | 47.7% | −61.0% | 22.9% | 40.4% | 29.6% | −67.0% |
| Net margin | 20.8% | 25.4% | 30.0% | 39.7% | 35.2% | −69.4% | 8.5% | 30.5% | 23.1% | −36.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.17B | $941.6M | $809.5M | $915.1M | $925.7M | $1.01B | $978.3M | $860.1M | $855.2M | $785.3M | $832.3M | $771.8M |
| Cost of revenue | $443.7M | $497.8M | $226.3M | $594.1M | $488.2M | $492.2M | $567.4M | $477.3M | $454.3M | $437.8M | $439.8M | $399.3M |
| Gross profit | $729.7M | $443.8M | $583.3M | $321.0M | $437.4M | $513.9M | $410.9M | $382.9M | $400.9M | $347.5M | $392.5M | $372.5M |
| Sales, general & admin | $41.3M | $39.0M | $34.4M | $36.8M | $32.2M | $33.7M | $41.1M | $28.8M | $27.9M | $29.7M | $29.5M | $31.7M |
| Total operating expenses | $165.4M | $127.0M | $379.0M | $38.9M | $118.4M | $132.6M | $50.8M | −$9.2M | $37.3M | $28.6M | $26.9M | $32.4M |
| Operating income | $564.4M | $316.8M | $204.3M | $282.1M | $319.0M | $381.4M | $360.1M | $392.1M | $363.6M | $319.0M | $365.6M | $340.0M |
| Interest expense | $60.8M | $51.5M | $55.0M | $50.6M | $53.3M | $49.5M | $60.0M | $36.2M | $36.0M | $39.6M | $35.7M | $35.4M |
| Income before taxes | $520.5M | −$16.5M | $189.7M | $259.8M | $238.8M | $345.2M | $300.2M | $358.0M | $325.5M | $280.0M | $333.4M | $293.0M |
| Income taxes | $106.8M | −$684,000 | −$25.8M | $59.1M | $56.5M | $82.9M | $62.3M | $85.3M | $78.0M | $66.8M | $57.5M | $14.6M |
| Net income | $390.7M | −$35.9M | $192.5M | $176.4M | $150.2M | $240.1M | $214.5M | $248.3M | $228.8M | $193.7M | $254.5M | $263.7M |
| EBITDA | $896.5M | $327.7M | $550.3M | $615.7M | $594.8M | $676.5M | $653.4M | $637.0M | $587.4M | $531.8M | $590.4M | $522.4M |
| EPS (diluted) | $2.61 | $1.53 | $0.87 | $1.36 | $1.53 | $1.99 | $1.83 | $1.89 | $2.05 | $1.71 | $1.99 | $1.86 |
| Gross margin | 62.2% | 47.1% | 72.1% | 35.1% | 47.3% | 51.1% | 42.0% | 44.5% | 46.9% | 44.3% | 47.2% | 48.3% |
| Operating margin | 48.1% | 33.6% | 25.2% | 30.8% | 34.5% | 37.9% | 36.8% | 45.6% | 42.5% | 40.6% | 43.9% | 44.1% |
| Net margin | 33.3% | −3.8% | 23.8% | 19.3% | 16.2% | 23.9% | 21.9% | 28.9% | 26.8% | 24.7% | 30.6% | 34.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MTDR's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MTDR financial results
In fiscal year 2025 (ended December 31, 2025), Matador Resources reported revenue of $3.7 billion, up 5.1% from the year before. It had net income of $759.2 million (down 14.2%), a net profit margin of 20.8%. Diluted earnings per share came to $5.75. Over five years revenue grew at an average rate of 33.7% a year.
See the MTDR stock overview for the latest quote and news, or the MTDR chart for price history and technical indicators.
MTDR income statement FAQ
What is Matador Resources's annual revenue?
Matador Resources reported total revenue of $3.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 5.1% from $3.5 billion the previous year.
Is Matador Resources profitable?
Yes. Matador Resources reported net income of $759.2 million in fiscal 2025, a net profit margin of 20.8%; its operating margin was 32.5%.
What is Matador Resources's gross margin?
Matador Resources's gross margin was 45.8% in fiscal 2025: for every $100 of revenue, Matador Resources kept $46 after the direct cost of its products and services.
How fast is Matador Resources growing?
Revenue grew 33.7% a year on average over the last five fiscal years, from $855.2 million to $3.7 billion.
What are Matador Resources's earnings per share?
Matador Resources earned $5.75 per diluted share in fiscal 2025, compared with $7.48 a year earlier.
When will Matador Resources report its next earnings?
Matador Resources is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Matador Resources's fiscal year end?
Matador Resources's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.