A Business at a Glance
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Matador Resources Co
MTDR
$6.3B
Mkt Cap
$50.81
-1.74%
Matador Resources Co (MTDR) has a current P/E ratio of 8.3, compared to its historical median P/E of 7.3. The stock is currently considered Fair based on its historical valuation range.
Matador Resources Co (MTDR) has a 5-year average return on invested capital (ROIC) of 24.1%. This indicates strong capital allocation and a potential competitive advantage.
Matador Resources Co (MTDR) has a market capitalization of $6.3B. It is classified as a mid-cap stock.
Yes, Matador Resources Co (MTDR) pays a dividend with a trailing twelve-month yield of 2.71%. The company also returns capital through share buybacks, with a buyback yield of 0.90%.
Based on historical P/E analysis, Matador Resources Co (MTDR) appears fair. The current P/E of 8.3 is 14% above its historical median of 7.3. The estimated fair value CAGR (P/E method) is 40.1%.
Matador Resources Co (MTDR) operates in the Crude Petroleum & Natural Gas industry, within the Energy sector.
Matador Resources Co (MTDR) reported annual revenue of $3.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
Matador Resources 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 operations 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, and also operating in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. The company earns revenue through upstream oil and natural gas production and through midstream operations conducted via San Mateo Midstream, LLC, which provides natural gas processing, oil transportation services, oil and natural gas gathering services, and produced water disposal services to both Matador's own operations and third parties. Matador's business model emphasizes capital efficiency and disciplined returns on invested capital, with a focus on unconventional plays and operational improvements in drilling and completion techniques; the company pursues a balanced portfolio strategy and maintains financial discipline while returning capital to shareholders through dividends and share buybacks. The midstream segment operates as a joint venture with Five Point Infrastructure, generating EBITDA from processing and transportation services, and Matador also holds an approximate 19% stake in the parent company of Piñon Midstream following the Ameredev Acquisition completed in September 2024. Distribution occurs through firm transportation agreements, including recently secured capacity on Energy Transfer's Hugh Brinson Pipeline expected to come online in the fourth quarter of 2026 to move natural gas production to higher-priced Gulf Coast markets. The company's competitive advantages include long-term relationships with service providers, proprietary geoscience and targeting capabilities, and integrated midstream assets that provide flow assurance for production operations.
【Capital efficiency and value creation】 Management is prioritizing free cash flow generation and disciplined capital allocation over production growth, with a planned 11% reduction in capital expenditures for 2026 while targeting 3% oil production growth through improved well productivity and longer laterals. The company expects well productivity to remain the same or improve in 2026 compared to 2025, with lateral lengths increasing approximately 10%, and management has not baked any uplift from pilot testing programs into 2026 production guidance, indicating conservative planning. Matador is investing in midstream infrastructure, including water gathering systems and natural gas processing capacity, with San Mateo expected to generate between $40 and $50 million in EBITDA for Matador-owned midstream assets in 2026, and the company has hedged exposure to Waha pricing for 2026 to protect against downside risk as new pipelines come online. Management expects the Hugh Brinson Pipeline to provide significant value by enabling access to higher-priced Gulf Coast markets, and the company continues to evaluate opportunities to drop Matador assets into San Mateo while working with Five Point Infrastructure on fund continuation matters expected to be resolved in the near term.
| Metric | Target | Period |
|---|---|---|
| Oil production growth | 3% | FY2026 |
| Capital expenditure reduction | $130 million | FY2026 |
| Matador-owned midstream EBITDA | $40 to $50 million | FY2026 |
| Lateral length increase | approximately 10% | FY2026 |
| Midstream capital expenditure increase | 8%-12% | FY2026 |
Oil production growth (FY2026): “you looked this year, great plan out there for 3% oil growth with 11% reduced CapEx spend”
Capital expenditure reduction (FY2026): “the CapEx spend, you know, the 11% reduction, $130 million in CapEx savings forecasted for 2026”
Matador-owned midstream EBITDA (FY2026): “Those assets are about $30- $40 million this year in EBITDA is what we expect. We also, next year, expect it to be between $40 and $50 million in EBITDA for those assets.”
Lateral length increase (FY2026): “Coupled with all the commentary about these longer laterals, we expect to see lateral length increase approximately 10% going into 2026”
Midstream capital expenditure increase (FY2026): “we had mentioned in the release the 8%- 12% capital expenditure increase”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.4B | 3.7B | 3.5B | 2.8B | 3.1B | 1.7B |
| Net Income | 483M | 759M | 885M | 846M | 1.2B | 585M |
| EPS | $3.89 | $6.09 | $7.14 | $7.05 | $10.11 | $4.91 |
| Free Cash Flow | 70M | 270M | -1.7B | -1.4B | 915M | 215M |
| ROIC | 8.1% | 11.0% | 14.1% | 19.3% | 43.5% | 32.4% |
| Gross Margin | - | 36.9% | 44.6% | 47.0% | 61.3% | 53.5% |
| Debt/Equity | 0.65 | 0.70 | 0.80 | 0.70 | 0.39 | 0.27 |
| Dividends/Share | $1.37 | $1.31 | $0.85 | $0.65 | $0.30 | $0.13 |
| Operating Income | 884M | 1.2B | 1.4B | 1.2B | 1.8B | 793M |
| Operating Margin | 26.4% | 33.2% | 40.9% | 43.1% | 57.5% | 47.7% |
| ROE | 8.7% | 14.1% | 19.7% | 24.1% | 48.4% | 36.6% |
| Shares Outstanding | 124M | 125M | 124M | 120M | 120M | 119M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 432M | N/A | 264M | 544M | 900M | 984M | 862M | 1.7B | 3.1B | 2.8B | 3.5B | 3.7B | 3.4B |
| Gross Margin | 49.2% | N/A | -46.2% | 41.7% | 48.1% | 32.1% | -53.2% | 53.5% | 61.3% | 47.0% | 44.6% | 36.9% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 32M | 50M | 55M | 66M | 69M | 80M | 63M | 96M | 116M | 110M | 127M | 137M | 142M |
| EBIT | 180M | -807M | -177M | 161M | 363M | 235M | -521M | 793M | 1.8B | 1.2B | 1.4B | 1.2B | 884M |
| Op. Margin | 41.7% | N/A | -67.0% | 29.6% | 40.4% | 23.9% | -60.5% | 47.7% | 57.5% | 43.1% | 40.9% | 33.2% | 26.4% |
| Net Income | 111M | -680M | -97M | 126M | 274M | 88M | -593M | 585M | 1.2B | 846M | 885M | 759M | 483M |
| Net Margin | 25.6% | N/A | -36.8% | 23.1% | 30.5% | 8.9% | -68.8% | 35.2% | 39.7% | 30.1% | 25.3% | 20.5% | 14.4% |
| Non-Recurring | 0 | 908K | 107M | 23K | 3.3M | 2.4M | 3.5M | 4.4M | 5.0M | 9.5M | 33M | 3.0M | 2.5M |
| Returns on Capital | |||||||||||||
| ROIC | 10.1% | -67.6% | -11.0% | 19.4% | 22.2% | 8.3% | -34.0% | 32.4% | 43.5% | 19.3% | 14.1% | 11.0% | 8.1% |
| ROE | 15.4% | -100.3% | -16.5% | 13.6% | 19.3% | 5.0% | -38.0% | 36.6% | 48.4% | 24.1% | 19.7% | 14.1% | 8.7% |
| ROA | 9.5% | -52.8% | -7.5% | 7.0% | 9.8% | 2.3% | -15.3% | 14.7% | 24.7% | 12.7% | 9.5% | 6.7% | 4.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 251M | 209M | 134M | 299M | 609M | 552M | 478M | 1.1B | 2.0B | 1.9B | 2.2B | 2.4B | 2.2B |
| Free Cash Flow | -359M | -490M | -320M | -574M | -896M | -394M | -244M | 215M | 915M | -1.4B | -1.7B | 270M | 70M |
| Owner Earnings | 111M | 20M | -324K | 105M | 326M | 183M | 102M | 699M | 1.5B | 1.1B | 1.3B | 1.2B | 943M |
| CapEx | 610M | 698M | 454M | 873M | 1.5B | 946M | 722M | 838M | 1.1B | 3.2B | 3.9B | 2.2B | 2.1B |
| Maint. CapEx | 135M | 179M | 122M | 178M | 265M | 351M | 362M | 345M | 466M | 717M | 974M | 1.2B | 1.2B |
| Growth CapEx | 476M | 520M | 332M | 695M | 1.2B | 595M | 360M | 493M | 597M | 2.5B | 2.9B | 960M | 892M |
| D&A | 135M | 179M | 122M | 178M | 265M | 351M | 362M | 345M | 466M | 717M | 974M | 1.2B | 1.2B |
| CapEx/OCF | 3.6% | 30.9% | 55.8% | 40.4% | 26.8% | 34.8% | 49.1% | 6.0% | 4.0% | 8.9% | 12.6% | 12.3% | 96.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15M | 35M | 77M | 105M | 163M | 171M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.4% | 0.6% | 1.2% | 1.5% | 2.8% | 2.7% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56M | 57M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.1% | 0.9% |
| Stock-Based Comp | 5.5M | 9.4M | 12M | 17M | 17M | 19M | 14M | 9.0M | 15M | 14M | 15M | 18M | 19M |
| Debt Repayment | 180M | 477M | 120M | 0 | 370M | 35M | 0 | 0 | 0 | 8.5M | 28M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 510M | 472M | -93M | -97M | 525M | 375M | 717M | 472M | 719M | 2.7B | 4.0B | 3.9B | 3.6B |
| Cash & Equiv. | 8.4M | 17M | 213M | 97M | 65M | 40M | 58M | 48M | 505M | 53M | 23M | 15M | 30M |
| Long-Term Debt | 180M | 477M | 120M | 0 | 370M | 35M | 334M | 385M | 1.2B | 2.2B | 3.3B | 3.4B | 3.5B |
| Debt/Equity | 0.60 | 1.00 | 0.17 | 0.00 | 0.35 | 0.23 | 0.60 | 0.27 | 0.39 | 0.70 | 0.80 | 0.70 | 0.65 |
| Interest Coverage | 33.8 | -37.1 | -6.3 | 4.7 | 8.8 | 3.2 | -6.8 | 10.6 | 26.2 | 10.0 | 8.4 | 5.9 | 304.7 |
| Equity | 866M | 488M | 690M | 1.2B | 1.7B | 1.8B | 1.3B | 1.9B | 3.1B | 3.9B | 5.1B | 5.7B | 5.6B |
| Total Assets | 1.4B | 1.1B | 1.5B | 2.1B | 3.5B | 4.1B | 3.7B | 4.3B | 5.6B | 7.7B | 10.9B | 11.7B | 12.2B |
| Total Liabilities | 568M | 652M | 773M | 888M | 1.7B | 2.1B | 2.2B | 2.1B | 2.2B | 3.6B | 5.4B | 1.2B | 113M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 141M | -539M | -636M | -510M | -236M | -149M | -742M | -171M | 1.0B | 1.8B | 2.6B | 3.2B | 3.1B |
| Working Capital | -30M | -9.8M | 110M | -25M | -24M | -121M | -29M | -94M | 496M | 31M | -68M | -215M | -394M |
| Current Assets | 112M | 127M | 279M | 257M | 306M | 278M | 262M | 371M | 1.1B | 716M | 927M | 817M | 1.1B |
| Current Liabilities | 142M | 137M | 170M | 283M | 330M | 400M | 291M | 465M | 576M | 685M | 995M | 1.0B | 1.5B |
| Per Share Data | |||||||||||||
| EPS | 1.56 | -8.34 | -1.07 | 1.23 | 2.41 | 0.75 | -5.11 | 4.91 | 10.11 | 7.05 | 7.14 | 6.09 | 3.89 |
| Owner EPS | 1.57 | 0.25 | -0.00 | 1.03 | 2.87 | 1.56 | 0.88 | 5.87 | 12.47 | 9.48 | 10.14 | 9.72 | 7.59 |
| Book Value | 12.20 | 5.99 | 7.58 | 11.30 | 14.84 | 15.67 | 11.08 | 16.01 | 25.90 | 32.59 | 41.04 | 45.39 | 44.96 |
| Cash Flow/Share | 3.54 | 2.56 | 1.47 | 2.92 | 5.35 | 4.72 | 4.11 | 8.84 | 16.48 | 15.56 | 18.12 | 19.45 | 13.60 |
| Dividends/Share | 0.00 | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.13 | 0.30 | 0.65 | 0.85 | 1.31 | 1.37 |
| Shares Out. | 71.0M | 81.5M | 91.0M | 102.3M | 113.8M | 117.0M | 116.1M | 119.1M | 120.1M | 120.0M | 124.0M | 124.7M | 124.2M |
| Valuation | |||||||||||||
| P/E Ratio | 11.6 | N/A | N/A | 23.7 | 6.0 | 21.9 | N/A | 7.3 | 5.1 | 7.7 | 7.3 | 6.8 | 13.1 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 19.8 | 6.8 | N/A | N/A | 19.1 | 90.7 |
| EV/EBIT | 10.8 | N/A | N/A | 17.3 | 4.9 | 10.1 | N/A | 5.9 | 3.2 | 6.2 | 5.3 | 5.2 | 11.2 |
| Price/Book | 1.5 | 3.1 | 3.2 | 2.6 | 1.0 | 1.0 | 1.0 | 2.2 | 2.0 | 1.7 | 1.3 | 0.9 | 1.1 |
| Price/Sales | 3.6 | N/A | 6.7 | 4.3 | 3.5 | 1.9 | 1.2 | 2.0 | 2.0 | 2.2 | 2.0 | 1.6 | 1.9 |
| FCF Yield | -28.0% | -32.1% | -14.7% | -19.3% | -54.7% | -20.5% | -18.8% | 5.1% | 14.7% | -20.8% | -25.6% | 5.2% | 1.1% |
| Market Cap | 1.3B | 1.5B | 2.2B | 3.0B | 1.6B | 1.9B | 1.3B | 4.3B | 6.2B | 6.6B | 6.5B | 5.1B | 6.3B |
| Avg. Price | 22.11 | 22.00 | 19.59 | 22.97 | 27.39 | 16.07 | 8.56 | 27.89 | 50.90 | 52.26 | 55.82 | 46.45 | 50.81 |
| Year-End Price | 18.04 | 18.75 | 24.03 | 29.12 | 14.40 | 16.40 | 11.17 | 35.77 | 51.89 | 54.61 | 52.34 | 41.24 | 50.81 |
Matador Resources Co passes 7 of 9 quality checks, indicating strong fundamentals.
Matador Resources Co trades at 8.3x trailing earnings, compared to its 15-year median P/E of 7.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 3.0x vs a median of 19.1x. The company's 5-year average ROIC is 24.1% with a gross margin of 48.7%. Total shareholder yield (dividends + buybacks) is 3.6%. At current prices, the estimated annualized return to fair value is +37.5%.
Matador Resources Co (MTDR) has a net profit margin of 20.5%. This is a strong margin indicating high profitability.
Matador Resources Co (MTDR) generated $270 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Matador Resources Co (MTDR) has a debt-to-equity ratio of 0.70. This indicates moderate leverage.
Matador Resources Co (MTDR) reported earnings per share (EPS) of $6.09 in its most recent fiscal year.
Matador Resources Co (MTDR) has a return on equity (ROE) of 14.1%. This indicates moderate shareholder returns.
Matador Resources Co (MTDR) has a 5-year average gross margin of 48.7%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for Matador Resources Co (MTDR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Matador Resources Co (MTDR) has a book value per share of $45.39, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is prioritizing free cash flow generation and disciplined capital allocation over production growth, with a planned 11% reduction in capital expenditures for 2026 while targeting 3% oil production growth through improved well productivity and longer laterals. The company expects well productivity to remain the same or improve in 2026 compared to 2025, with lateral lengths increasing approximately 10%, and management has not baked any uplift from pilot testing programs into 2026 production guidance, indicating conservative planning. Matador is investing in midstream infrastructure, including water gathering systems and natural gas processing capacity, with San Mateo expected to generate between $40 and $50 million in EBITDA for Matador-owned midstream assets in 2026, and the company has hedged exposure to Waha pricing for 2026 to protect against downside risk as new pipelines come online. Management expects the Hugh Brinson Pipeline to provide significant value by enabling access to higher-priced Gulf Coast markets, and the company continues to evaluate opportunities to drop Matador assets into San Mateo while working with Five Point Infrastructure on fund continuation matters expected to be resolved in the near term.
Based on recent SEC filings and earnings calls, Matador Resources Co (MTDR) has provided the following forward guidance: Oil production growth: 3% (FY2026); Capital expenditure reduction: $130 million (FY2026); Matador-owned midstream EBITDA: $40 to $50 million (FY2026); Lateral length increase: approximately 10% (FY2026); Midstream capital expenditure increase: 8%-12% (FY2026).
No recent press releases.